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Business Monitor

BUSINESSMONITOR

Single Platform for All kinds Of Business & Economy News in Bangladesh
Business Monitor

BUSINESSMONITOR

Single Platform for All kinds Of Business & Economy News in Bangladesh

A new kind of inclusive insight for a new world of business

Track Your Competitor's Move

Business Monitor allows you to monitor your competitors' activities, strategies, and market positions.

Stay Ahead of Your Competitors

Gain a competitive advantage by tracking your competitors' activities, strategies, and market positions.

Actionable Insights

Identify potential risks and opportunities, adjust their strategy based on changing market conditions

Latest News and Updates

Get access to the latest economic updates and make informed decisions based on real-time insights.

Track Your Competitor's Move

Business Monitor allows you to monitor your competitors' activities, strategies, and market positions.

Stay Ahead of Your Competitors

Gain a competitive advantage by tracking your competitors' activities, strategies, and market positions.

Actionable Insights

identify potential risks and opportunities, adjust their strategy based on changing market conditions

Latest News and Updates

Get access to the latest economic updates and make informed decisions based on real-time insights.

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Industry Monitor

Get the latest news and insights and across 50+ industries of Bangladesh with Industry Monitor

Latest Industry News

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MTB Seeks Bangladesh Bank Approval for Land Acquisition
June 13, 2024
Industry : Bank

Mutual Trust Bank (MTB)  plans to acquire three bighas (60 khata) of land in Beraid, Dhaka, for constructing its own head office. The bank has applied to Bangladesh Bank for necessary approvals. Financially, MTB reported a consolidated earnings per share (EPS) of Tk 2.91 for the fiscal year 2023, marking a 20.75% increase from the previous year's revised figure of Tk 2.41. The bank's consolidated net asset value per share (NAVPS) stood at Tk 24.52 as of December 31, 2023, up from Tk 21.70 (revalued) in the prior year. MTB distributed a 10% cash dividend for the year, continuing its dividend payout tradition.

NRBC Bank's AGM Deferred by High Court Decision
June 13, 2024
Industry : Bank

The High Court has postponed NRBC Bank's annual general meeting following a writ petition alleging irregularities. The court also instructed the Bangladesh Securities Exchange Commission (BSEC) to explain why its senior officials should not oversee the AGM to ensure transparency.

India Proposes New Freight Train Trial to Bhutan Border via BD
June 13, 2024
Industry : Logistics

India has proposed a new trial run of a freight train up to the Bhutan border via Bangladesh, sending a revised draft memorandum of understanding (MoU) through its mission in Dhaka. This initiative aims to assess the feasibility of using Indian railways for transporting Bangladeshi goods to Bhutan.

Number of Tk1 Crore Bank Accounts Decreases by 1,018
June 13, 2024
Industry : Bank

The number of bank accounts with at least Tk1 crore dropped by 1,018 in the first quarter of 2024, driven by high inflation and the dollar crisis, which increased production costs and reduced business deposits. According to Bangladesh Bank, deposits in these accounts decreased by Tk1,316 crore to Tk740,150 crore by the end of March.

Company Monitor

Get actionable insights about your competitor from 500+ companies news & updates with Company Monitor

Latest Company News

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Global Islami Achieves 'AA-' Long-Term and 'ST-2' Short-Term Rating
June 13, 2024

Global Islami Bank holds a 'Double A Minus' rating for long-term and 'ST-2' for short-term surveillance, certified by Alpha Credit Rating Limited. This assessment is based on the audited financial report for the fiscal year 2023 and relevant qualitative data up to June 11 of the current year.

MTB Seeks Bangladesh Bank Approval for Land Acquisition
June 13, 2024

Mutual Trust Bank (MTB)  plans to acquire three bighas (60 khata) of land in Beraid, Dhaka, for constructing its own head office. The bank has applied to Bangladesh Bank for necessary approvals. Financially, MTB reported a consolidated earnings per share (EPS) of Tk 2.91 for the fiscal year 2023, marking a 20.75% increase from the previous year's revised figure of Tk 2.41. The bank's consolidated net asset value per share (NAVPS) stood at Tk 24.52 as of December 31, 2023, up from Tk 21.70 (revalued) in the prior year. MTB distributed a 10% cash dividend for the year, continuing its dividend payout tradition.

NRBC Bank's AGM Deferred by High Court Decision
June 13, 2024

The High Court has postponed NRBC Bank's annual general meeting following a writ petition alleging irregularities. The court also instructed the Bangladesh Securities Exchange Commission (BSEC) to explain why its senior officials should not oversee the AGM to ensure transparency.

Bangladesh Bank Allows Officials to Attend Foreign Business Meetings
June 13, 2024

The Bangladesh Bank has eased travel restrictions for bank officials, allowing them to attend crucial business meetings abroad with foreign banks, provided they secure permission from their bank authorities. This marks a slight relaxation of the 2022 policy aimed at reducing dollar spending, which had banned bank-funded foreign travel for training, seminars, workshops, and study tours, while permitting travel for medical treatment, hajj, and fully sponsored professional engagements by foreign agencies.

Company Monitor

Get actionable insights about your competitor from 500+ companies news & updates with Company Monitor

Economic Monitor

Stay informed about the latest news and updates on Bangladesh’s economy with our Economic Monitor

Latest Economy News

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SME Foundation to Lend Tk 450 Crore Loan
June 13, 2024
Economic Tag : SME

The SME Foundation will disburse Tk 450 crore in loans to small and medium enterprises (SMEs) under a government stimulus package and its own fund. Entrepreneurs can borrow between Tk 1 lakh and Tk 50 lakh at a 6% interest rate, repayable in 48 monthly installments over four years. An agreement with 23 banks and financial institutions was signed for this purpose on 11 June. The loans will be collateral-free,

Tax Return Filing Mandatory for Hotels, Restaurants, and Clinics
June 13, 2024
Economic Tag : Vat & Tax

The government plans to require hotels, restaurants, clinics, and diagnostic centers to provide proof of tax return submission (PSR) starting next fiscal year. This move is expected to bring nearly 500,000 additional establishments into the tax net. Owners must show PSR when applying for or renewing licenses, with fines up to Tk 50,000 for non-compliance. Finance Minister proposed this in the Finance Bill 2024 to

Listed Companies Seek Restoration of Tax Holiday for Private Economic Zones
June 13, 2024
Economic Tag : Vat & Tax

The Bangladesh Association of Publicly Listed Companies (BAPLC) has requested the National Board of Revenue (NBR) to reinstate the 10-year tax holiday for private economic zones and hi-tech parks, arguing that withdrawing this incentive could harm investor confidence. In a letter to the NBR, BAPLC also urged reconsideration of a budget proposal to tax individual investors on capital gains exceeding Tk50 lakh

CPD Criticizes Government's Black Money Legalization Scheme
June 13, 2024
Economic Tag : Govt.

The Centre for Policy Dialogue (CPD) criticized the government for promoting injustice and moral hazard by allowing black money holders to legalize undeclared assets with a 15 percent tax and no questions asked. The government's proposal permits the disclosure of undisclosed income or assets, including cash and bank deposits, with a 15 percent tax. Investment in immovable properties like flats and land would also

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Industry Monitor

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Company Monitor

599/BDT Yearly
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Economic Monitor

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Exclusive customer support

Premium Plan

999/BDT Yearly
All Features of Industry Monitor
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Add News To Favourite
Exclusive customer support

Trial

30 Days
Access To News
Tag Filter
Filter relevant News
Select Custom Timeline
Add News To Favorite
customer support

Industry Monitor

99/BDT Monthly
Access To 50+ Industry’s News
Intelligence Tag Filter
Filter relevant Industry News
Select Custom Timeline
Add News To Favorite
Exclusive customer support

Company Monitor

99/BDT Monthly
Access To 500+ Company’s News
Intelligence Tag Filter
Filter relevant Company News
Select Custom Timeline
Add News To Favorite
Exclusive customer support

Economic Monitor

99/BDT Monthly
Access To 50+ Industry’s News
Intelligence Tag Filter
Filter relevant Industry News
Select Custom Timeline
Add News To Favorite
Exclusive customer support

Premium Plan

199/BDT Monthly
All Features of Industry Monitor
All Features of Company Monitor
All Features of Economic Monitor
Select Custom Timeline
Add News To Favourite
Extensive Customer Support

Industry Monitor

599/BDT Yearly
Access To 50+ Industry’s News
Intelligence Tag Filter
Filter relevant Industry News
Select Custom Timeline
Add News To Favorite
Exclusive customer support

Economic Monitor

599/BDT Yearly
Access To 50+ Industry’s News
Intelligence Tag Filter
Filter relevant Industry News
Select Custom Timeline
Add News To Favorite
Exclusive customer support