Dhaka Bank’s profit jumps 31% in Q2 Dhaka Bank Limited’s profit climbed more than 31 per cent year-on-year to Tk 71.47 crore in the April-June quarter of 2023. The private commercial lender made a profit of Tk 54.36 crore in the identical quarter of 2022. Thus, the consolidated earnings per
Read MoreExporters to get Tk 108.5 for each dollar from today Banks yesterday hiked the buying and selling rates of US dollar as part of efforts to gradually reach a uniform exchange rate for the greenback by September this year. As such, bankers at a meeting decided to purchase dollars from
Read MoreGovt eyes 5 unicorn startups in two years, 50 by 2041 Prime Minister Sheikh Hasina has said the government is working to support at least five startup companies to achieve billion-dollar value by 2025. Startups reaching a billion-dollar value are called unicorns and each of the unicorns should create one
Read MoreRemittances stagnate despite record manpower export in FY23 Bangladesh has achieved a remarkable milestone in its manpower export during the immediate past fiscal 2022-23, sending a record 11.37 lakh workers abroad. The number surpasses the target by more than 40% and represents a substantial 15% increase compared to the previous
Read MoreBanks’ forex balances on the rise Gross foreign exchange balances held by commercial banks in Bangladesh rose to a 19-month high of $5.53 billion in June, owing to lower imports and higher export and remittance earnings. The previous high of $5.58 billion was registered in November last year. June’s holdings
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