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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
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Get access to the latest economic updates and make informed decisions based on real-time insights.
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Mohammad Zahid Hossain has been appointed as the chairman of Bangladesh Krishi Bank. Previously, he served as a principal economist for the South Asia Department at the Asian Development Bank (ADB), where he managed Bangladesh Country Programming and economic analysis.
Bank Asia PLC is offering home finance through its Islamic Banking services at a record-low 10.50% profit rate, with no compounding profit or pre-maturity fees. Salaried applicants need employment documents, while business owners must provide trade and financial records. Additional documents, like agreements with developers or construction approvals, are required based on the purpose.
LafargeHolcim Bangladesh reported a 45% year-on-year profit drop for Q3 2024, with sales declining 2% to Tk 6.27 billion, due to macroeconomic challenges and high inflation impacting the construction sector. EPS fell from Tk 1.38 to Tk 0.76.
Bangladesh Bank will reduce repo auctions to one day per week starting November 1 to enhance monetary policy implementation. The change follows a previous cut from daily to twice weekly, linked to a $4.7 billion IMF loan condition.
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Mohammad Zahid Hossain has been appointed as the chairman of Bangladesh Krishi Bank. Previously, he served as a principal economist for the South Asia Department at the Asian Development Bank (ADB), where he managed Bangladesh Country Programming and economic analysis.
Bank Asia PLC is offering home finance through its Islamic Banking services at a record-low 10.50% profit rate, with no compounding profit or pre-maturity fees. Salaried applicants need employment documents, while business owners must provide trade and financial records. Additional documents, like agreements with developers or construction approvals, are required based on the purpose.
LafargeHolcim Bangladesh reported a 45% year-on-year profit drop for Q3 2024, with sales declining 2% to Tk 6.27 billion, due to macroeconomic challenges and high inflation impacting the construction sector. EPS fell from Tk 1.38 to Tk 0.76.
Bangladesh Bank will reduce repo auctions to one day per week starting November 1 to enhance monetary policy implementation. The change follows a previous cut from daily to twice weekly, linked to a $4.7 billion IMF loan condition.
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The Asian Development Bank (ADB) has pledged to increase its budgetary support to Bangladesh from $400 million to $600 million to address challenges related to the country’s upcoming graduation from Least Developed Country (LDC) status.
Expatriates sent nearly $1.53 billion in remittances to Bangladesh in the first 19 days of October FY 2024-25, averaging $80.70 million daily. This amount is slightly above the $1.47 billion remitted during the same period in September, with expectations that the inflow may maintain momentum throughout the month
Fitch Ratings has lowered Bangladesh's economic growth forecast to 4.5% for FY25 due to near-term policy uncertainty following a political transition in August. The agency previously projected 5.3% growth but now expects a recovery to 5.7% in FY26.
Bangladesh has proposed a joint feasibility study with Thailand on a Free Trade Agreement (FTA) to enhance bilateral trade, following discussions between Ambassador Faiyaz Murshid Kazi and Thai Prime Minister advisor Dr. Nalinee Taveesin. They also considered launching a direct coastal shipping system. The postponed 6th Joint Trade Committee (JTC) meeting will focus on FTA components and investment cooperation. Thailand has granted Bangladesh duty-free, quota-free access to its market until 2026, with bilateral trade currently around $910.05 million. Efforts are also being made to revive the Thai-Bangladesh Business Association.