Business

Rail passengers on Avanti West Coast routes will face a “significantly reduced” service on New Year’s Eve due to a strike by train managers. A dispute over rest days will see train managers who are members of the RMT union walk out on 31 December and 2 January. Avanti says the few trains running will be very busy, and advises ...

The Dhaka Stock Exchange (DSE), the country’s main capital market, saw an upward trend in the first hour on Monday. The 3 indexes of the Dhaka stock market DSEX, DSES, and DS30 increased in the morning. The main index DSEX increased by 9.15 points to 5,213.93 points, the DSES Shariah index rose by 1.32 points to 1167.62 points, and the ...

There will be no transaction at banks and financial institutions across the country as the bank holiday on December 31. Two stock markets will also remain close on Tuesday. But important branches of the banks will remain open, but no transaction will be held. During bank holidays, no transactions are conducted by Bangladesh Bank, any bank to bank, or bank ...

Bangladesh’s foreign exchange reserves have surpassed $21 billion, bolstered by a $1 billion inflow from international lending institutions, including the Asian Development Bank (ADB), over the past week. Bangladesh Bank’s Executive Director and Spokesperson Husne Ara Shikha confirmed the development on Friday, noting that the reserves have risen due to external loan disbursements and an uptick in remittance inflows. As ...

The National Board of Revenue (NBR) has decided to launch a door-to-door campaign aimed at improving Value Added Tax (VAT) collection, as the revenue inflow from this sector looks to be “unsatisfactory”. According to data provided by the NBR, VAT collection up until October stood at Tk 41,192 crore, falling short of the target of Tk 51,904 crore. While briefing ...

All CNG stations across the country will remain closed for three hours, from 6pm to 9pm, from Wednesday (January 1). The stations usually remain closed from 6PM to 11PM everyday. Petrobangla said that the government made this decision considering requests from CNG station owners and protests by CNG drivers. As per the new directive, the closure time of the CNG ...

Bangladesh’s migrant workers sent home Taka 1,102.22 crore in remittances through mobile financial service (MFS) providers in October 2024, according to Bangladesh Bank (BB) data. This figure represents a remarkable 95.22 percent year-on-year (YoY) increase from the Tk 564.61 crore that was sent home through MFS providers in October 2023, reports BSS. The increase reflects the growing popularity of MFS, ...

Global Islami Bank reconstituted its Shari`ah Supervisory Committee. The six-member Shari’ah Supervisory Committee of the bank reconstituted in a meeting of the board of directors held at the head office of the bank on 26 December 2024. Chairman of Jamea Quasemia Kamil Madrasah, Narsingdi Sayed Kamaluddin Zafree has been elected as Chairman of the committee. Other members of the committee ...

Bangladesh Bank has set the maximum age limit for entering jobs at the non-bank financial institutions (NBFIs) to 32. From now on, like government jobs, people can join banks and financial institutions up to the age of 32. The central bank has given this instruction in a notification on Thursday. Bangladesh Bank said that the Ministry of Law, Justice and ...

Indian vessel MV Tanais Dream, carrying 24,690 tons of parboiled rice, arrived at Chittagong Port on Thursday morning. The vessel anchored at the seaport around 10AM. It is the first batch of rice imports from India since Dr Muhammad Yunus-led interim government assumed office. The unloading will begin after collecting samples of the rice.