Business

The central bank says the rates of interest on bank loans have declined. A media statement of Bangladesh Bank said on Tuesday: “The average interest rate was 12.23 percent in February. It dropped to 11.93 percent at the end of March.” The watchdog said the interest rate spread came under 5 percent because of its close monitoring. “At the end ...

Dhaka Stock Exchange (DSE) has seen a 3.7 percent rise in its broad index defying the slump over the last few weeks.   The capital market last week showed signs of recovery following assurance from Securities and Exchange Commission to aid broker houses and merchant banks in a bid to stabilise the bourses. The first week of the month saw ...

Ramadan is six weeks away and a pre-hand preparation of the self and a spiritual warm up is due in order to be fit enough as well as work hard to attain the great rejuvenation of the annual holy month. As the blessed month await, many others also prepare for fasting months in advance as they set off to shop ...

Everyone has a favourite ‘ curry house’ and Curry is one of Britain’s most loved food. Currently it is a huge industry generating over £4.1 billion for the economy with over 15,000 outlets in the UK. Yet the industry is struggling to survive. Agroup of around 100 Southend curry houses and businesses gathered to discuss the slow death ofthe curry house in Britain.   The event ...

The state minister for foreign affairs has stressed the application of scientific and modern methods in business management to increase profits. M Shahriar Alam was inaugurating a two-day training for the management officials of various businesses in Dhaka. He said modern management methods could generate more profits and employment, thus ensuring greater private sector contribution to Bangladesh’s economy. He also ...

Commercial banks have not brought down lending rates, despite a cut in interests on deposits, says the Bangladesh Bank. “Bangladesh Bank thinks it’s necessary to cut interest rates on loans to create an investment-friendly atmosphere in the country,” reads the minutes of a bankers’ meeting held on Apr 30 at the Bangladesh Bank. It also says that Governor Atiur Rahman ...

Bangladesh has invited Thailand’s biggest energy firm to bid for exploration in the Bay of Bengal, to which the Forbes Global 500 company has responded positively, an official statement in Dhaka said Ambassador to Bangkok Saida Muna Tasneem extended the invite to Thai Energy Minister Narongchai Akrasanee on Thursday Narongchai said PTT Exploration and Production Pcl, as the state oil ...

India and Bangladesh has finalised a draft agreement on coastal shipping to allow river vessels to carry cargo between the two countries. Government sources said that the agreement was finalised during a secretary-level talk held at New Delhi on Friday. The arrangement would allow River Sea Vessels (RSV) to carry cargo between the two neighbouring countries. In terms of berthing ...

The Cabinet has cleared an agreement to export unused submarine cable bandwidth to India that will fetch Bangladesh $1.2 million every year. The proposal, placed by the Post and Telecommunication Division, was approved at Monday’s regular meeting, chaired by Prime Minister Sheikh Hasina, Cabinet Secretary Muhammad Musharraf Hossain Bhuiyan said. He said the agreement to supply 10GBPS (gigabyte per second) ...

The Chairman of state-owned  Bangladeshes  Sonali Bank AHM Habibur Rahman has resigned eight months before the completion of his tenure. He submitted his resignation letter to the board of directors on Sunday. He cited ‘personal reason’ for resigning. The resignation was later forwarded to the Bank and Financial Institution Division at the Ministry of Finance. Even though Habibur Rahman showed ...