Bangladesh’s consumers have increased consumption of palm and mustard oil as many of them have switched from soybean oil due to its rising prices, according to a recent report by the US Department of Agriculture (USDA).

Turning a blind eye to price rises of some essential commodities already overwhelming consumers, traders on the eve of Ramadan yesterday assured that the basic foodstuffs would not get costlier during this month of fasting.

The government should keep in consideration the Russia-Ukraine war, global economic recovery from the pandemic’s severe fallout and the latest collapse of the Sri Lankan economy when preparing the budget for fiscal year 2022-23, said experts and businesspeople yesterday.

The Bangladesh Bank has once again renewed the interim licence of Nagad for another six months as the Bangladesh Post Office (BPO) is yet to form a subsidiary to run the mobile financial service.

The World Bank has extended a $250 million financing to Bangladesh in budgetary support after the country has moved to bring in fiscal and financial reforms to strengthen policies to sustain growth and enhance resilience to future shocks.

To ensure proper nutrition for the people during the holy month of Ramadan, the Ministry of Fisheries and Livestock will begin sale of milk, eggs and meats at fair prices through mobile shops in the city from tomorrow.

Bangladesh may face internal and external shocks if in the upcoming budget it does not consider issues related to the Russia-Ukraine war, recovery of economies from Covid-19 pandemic and the latest collapse of the Lankan economy, experts said today.

Commerce Minister Tipu Munshi has urged the traders not to increase commodity prices in the month of Ramadan.

Bangladesh Economic Zones Authority (Beza) and Adani Ports & SEZ Limited of India have signed term sheet agreement for the development of an Indian special economic zone at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN).

The current Managing Director (MD) of Evaly Mahbub Kabir Milon said it is not possible to refund money of customers of the non-functional digital commerce company without examining information of clients from the server.

Mobile financial service provider bKash signed agreements with five garment factories at its Dhaka head office recently to disburse salaries and allowances of their employees.

Brac Bank posted a 15 per cent higher profit year-on-year to Tk 465 crore in 2021 as its business momentum gained pace, mainly in the second half.

United Commercial Bank (UCB) has decided to form two subsidiaries in Hong Kong and Malaysia to run trade finance and money service business, albeit all subject to the approval of the regulatory authorities.

Bangladesh and South Korea have agreed taking their comprehensive partnership to the next level in commemoration of the 50th anniversary of diplomatic relations.

The progress made in providing unemployment insurance has been extremely limited as almost all targets were missed since the National Social Security Strategy (NSSS) was adopted in 2015 to protect unemployed workers.

Turnover on the Dhaka Stock Exchange (DSE) went past Tk 1,100 crore for the first time in nearly one and a half months yesterday as the regulator moved to revive the market.

Farmers in Barishal division have bet on watermelon cultivation to help overcome the economic challenges brought on by Covid-19, such as losses incurred in growing other crops, as they are getting good prices this season.

When talking about business, a boss advises to focus on KYC (Know Your Customer) and when talking about career, I suggest to focus on KYB (Know Your Boss).

The Asian Development Bank (ADB) has approved a $143 million loan package to support the government of Bangladesh’s efforts to accelerate growth by improving efficiency, predictability, and security of cross-border trade.

The British American Tobacco Bangladesh Company (BATBC) yesterday decided to invest another Tk 574 crore in its Savar operations to cater to upcoming export opportunities and create contingency capacity.