Islami Bank dethrones Sonali Bank to become largest lender by deposits

Islami Bank Bangladesh PLC has become the largest lender in the country by total deposits for the first time, surpassing Sonali Bank PLC, despite loan scams in recent years. 

8h ago

Economy in FY25: Is there any light at the end of the tunnel?

There is hope that the major challenges Bangladesh is facing due to high inflation and the foreign reserve crisis will stabilise gradually in fiscal year 2024-25, but consistency in maintaining a strict policy stance will be imperative to that end.

8h ago

VAT exemptions dropped 17% in 2022

The National Board of Revenue (NBR) exempted various goods and services from value-added tax (VAT) payments to the tune of Tk 129,570 crore in 2022 to give some relief to citizens and facilitate industrialisation, thereby accelerating economic growth.

8h ago

No visible progress in signing Cepa with India

Bangladesh and India are yet to begin the formal negotiation to sign the Comprehensive Economic Partnership Agreement (Cepa) although nearly two years have passed since both countries agreed to kick off the talks.

8h ago

Saudi Arabia may cut oil prices for Asia for second month in August

Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday.

8h ago

AI set to revolutionise agriculture in Bangladesh

Agriculture, the backbone of Bangladesh’s economy, is on the brink of a technological revolution. With agriculture contributing approximately 13.6 percent to the national GDP and employing nearly half of the workforce, advancements in artificial intelligence (AI) offer an unprecedented opportunity to enhance productivity and sustainability in the sector.

8h ago

Dhaka looks to Beijing for fresh loans

Talks on Chinese loan proposals will be at the fore during Prime Minister Sheikh Hasina’s upcoming visit to Beijing.

8h ago

Move to get GI status for Sundarbans' honey finally gathers steam

Seven years after an application by the deputy commissioner of Bagerhat district, the Department of Patents, Designs and Trademarks (DPDT) has finally taken the initiative to register Sundarbans' honey as a GI (geographical identification) product.

10h ago

Public Procurement Authority, IMED sign deal on APA

The Bangladesh Public Procurement Authority (BPPA) today signed the first-ever annual performance agreement (APA) with the Implementation Monitoring and Evaluation Division (IMED) for fiscal year 2024-2025

11h ago

Payment period for raw material imports extended till Dec

The previously fixed 360-day usance period ended today

12h ago

BAF receives 5th C-130J Super Hercules aircraft

Bangladesh Air Force received their fifth C-130J Super Hercules aircraft from the UK last week

13h ago

NBR transfers tax official to Bogura amid graft scandal

The order is effective immediately

14h ago

Terminal 3 of Dhaka airport will be under 5G coverage by Oct: Palak

The state minister for telecom and ICT shared the info at BTRC event

15h ago

Linde Bangladesh’s profit plunges 40% in 2023

The industrial gas manufacturer made a profit of Tk 52.56 crore in the year that ended on December 31

16h ago

Jamuna Bank to set up asset management company

Asset management companies invest pooled funds from clients into various securities and assets

17h ago

Telecom operators have to compensate for call drops: Palak

The state minister for telecom and ICT discussed service quality of telecom operators at BTRC event

17h ago

High inflation, NPLs disrupting post-pandemic recovery: ICCB

The economy of Bangladesh has rebounded from the Covid-19 pandemic, but high inflation, a balance of payments deficit, financial sector vulnerabilities, and global economic uncertainty continue to hamper recovery, said Mahbubur Rahman, president of the International Chamber of Commerce Bangladesh (ICCB).

1d ago

Black money holders get amnesty

Parliament yesterday approved a provision that will allow black money holders to legalise their undisclosed wealth without any scrutiny by paying a 15 percent tax, disregarding widespread condemnation from various quarters.

1d ago
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