Now rice traders are on the prowl to make exorbitant profit by raising rice prices notably despite having an all-time high production of the food-grain in the country. Prices of both coarse, medium and finer rice showed a hike of Tk 4.0- 6.0 a kg in the last two days in the groceries, battering
HSBC Holdings named insider Pam Kaur as its first female finance chief on Tuesday, replacing Georges Elhedery who became CEO earlier this year, and said it would streamline the bank into four business units. Effective January 1, 2025, the company will restructure its operations into four distinct
Banks now can borrow from the central bank's repo facility once a week instead of existing two days, but get a new window for overnight funding in exigencies. A circular issued Monday to this effect by Debt Management Department of the Bangladesh Bank (BB) states that the commercial banks will get
A set of three expositions showcasing textiles, yarn, and their related chemicals and machinery will begin at the Bangladesh-China Friendship Exhibition Centre (BCFEC) at Purbachal in Dhaka on November 6, aiming to boost the country's economy. This is the 23rd Bangladesh edition of the exhibition.
The government Monday appointed new managing directors (MDs) and chief executive officers (CEOs) to ten public banks, officials said, amid sweeping changes in the post-uprising interim period. The Financial Institutions Division (FID) of the Ministry of Finance appointed four MDs through departmen
In a decisive move to strengthen trade relations, the Ministry of Commerce here has placed emphasis on finalising the much-trumpeted Free Trade Agreement (FTA) with China. Commerce secretary Md Selim Uddin reiterated the interim government's commitment to this initiative during the 11th Trade and
Bank Asia is currently offering home finance/investment facilities at the lowest profit rate, making it much more convenient for customers to build their dream homes or own their dream flat. Under the bank’s Islamic banking services, customers can have their desired home finance/investment at
Noted economist Dr Mohammad Zahid Hossain, joined Bangladesh Krishi Bank (BKB) as Chairman on October 20, 2024, says a press release. Prior to this role, Dr Hossain performed his responsibilities as a Principal Economist at South Asia Department of the Asian Development Bank (ADB), where he oversa
Bengal Commercial Bank (BGCB) opened its 30th branch at Narayanganj. Md. Jashim Uddin, Chairman of the bank and president of SAARC Chamber of Commerce & Industry, inaugurated the Branch on 17 October 2024, Thursday, according to a press release. Engr. Ghulam Mohammed Alomgir, Vice Cha
Sonali Bank PLC signed an agreement with Sadharan Bima Corporation to collect all types of insurance premium and other charges-fees from the customers through Sonali Payment Gateway (SPG). The signing ceremony was held at the bank’s head office conference room on 21st October Monday, accordi
