Bangladesh Development Bank (BDBL) has entered into an MoU to voluntarily merge with Sonali Bank Limited. The agreement was signed in a meeting held at Bangladesh Bank on Sunday (May
Jack Dorsey, co-founder and former chairman of Twitter, recently disclosed the underlying tensions with Twitter’s board and an activist investor that led to his strategic exit from the company. Speaking
Salman F Rahman, the Prime Minister’s Private Industry and Investment Advisor, highlighted the ongoing devaluation of the Bangladeshi taka against the strengthening dollar during the 29th Annual US Trade Show.
The central bank has raised the dollar by 7 rupees due to less supply than demand in the market and International Monetary Fund (IMF) loan conditions. The official rate of
Introduction of Crawling Peg System Bangladesh Bank has implemented a crawling peg exchange rate system, enabling a more flexible currency management approach. This system sets the midpoint rate for the
Regulatory Shift in Lending In a significant policy shift, Bangladesh Bank has announced that individual banks can now set their lending rates independently. This change, detailed in a recent circular
Leadership Excellence in Retail Sabbir Nasir has recently been promoted to the position of Managing Director at Shwapno under ACI Limited, marking a significant step in his distinguished career. With
Exploring New Opportunities Leaders in Bangladesh’s garment industry are actively seeking increased investments from China in a strategic move to balance the growing trade deficit between the two countries. This
After eight consecutive declines, the price of gold in the country’s market has been increased by Tk 1,500. The price of good quality, i.e. hall-marked 22 carat gold stands at
Advisor to the Prime Minister Salman F Rahman said that many countries had to face economic crisis due to others. Bangladesh is turning around facing that challenge. He said these
