BB Policy sparks flurry of loan write-offs Loan write-offs almost quadrupled in the first quarter of the year on the back of the central Bank’s easing of rules, in a sobering reminder of the Banking sector’s deteriorating financial health. Between January and March, Tk 557.30 crore was written-off, in contrast

Stocks extend winning streak on BB move Stocks posted the highest single-day gain in the past two months on Monday, as investors gained confidence thanks to the Central Bank’s market supportive measures. The market started on a flying note and remained vibrant throughout the session amid strong buying pressure from

Biman buying two more 787 Dreamliners for $585m Biman Bangladesh Airlines is set to buy two 787-9 Dreamliner jets at a cost of $585 million ($ 580.5 crore) at list prices. Biman and US aero plane maker Boeing announced the deal at the 2019 Dubai Airshow in the UAE city

WB ‘committed to develop Bangladesh’ The World Bank’s portfolio in Bangladesh has nearly doubled in the last six years to $11.6 billion, with the country being one of the largest beneficiaries of concessional credit. The Washington-based multilateral lender was among the first development partners to support Bangladesh following its independence.

Stocks fall on weak corporate declarations Dhaka stocks slid in the past week after gaining significantly in the week before as investors went for share sales amid disappointing corporate declarations by a number of companies, including the Investment Corporation of Bangladesh, Grameenphone, ACI and MI Cement. DSEX, the key index