Stocks slump, turnover hits 11-month low

Bangladesh’s stocks fell yesterday amidst thin participation of both retail and institutional investors with the turnover at Dhaka Stock Exchange (DSE) touching the lowest in 11 months.
20 March 2022

Tea prices rise in Dhaka’s roadside stalls

Mohammad Dulal, a tea seller at Teacher-Student Centre (TSC) of the University of Dhaka, used to sell tea made of condensed milk for Tk 6 per cup a month ago. At present, he has increased the price to Tk 10.
20 March 2022

Potato farmers lose Tk 2,500cr a year: FAO

Potato farmers in Bangladesh lose at least Tk 2,500 crore every year due to unsold surplus production and post-harvest losses.
20 March 2022

Fund transfer to be instant for NBFIs, forex transactions

Lenders and clients in Bangladesh are set to get the opportunity to settle transactions instantly as the central bank has moved to expand the facility of real-time gross settlement (RTGS) to non-bank financial institutions and the foreign exchange operations of banks.
20 March 2022

CPD, economists against fuel price hike in FY22

The government should not raise fuel prices in the current fiscal year despite their record spike in global markets to give some respite to the people buckling under pressures for rising costs for essentials, said the Centre for Policy Dialogue (CPD) and economists yesterday.
20 March 2022

Bangladesh ratifies ILO convention on minimum working age

Bangladesh has ratified the much-talked about International Labour Organisation (ILO) Convention 138 to fix the minimum working age for any person at 14 years.
20 March 2022

No VAT cut for beauty parlours: NBR

The value added tax (VAT) on beauty parlour services will not be reduced in the upcoming national budget, announced National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem yesterday.
20 March 2022

Ensure regular fund allocations for SMEs: experts

Regular fund allocations for small and medium enterprises (SME) are required to provide capital for business development of the SME sector.
20 March 2022

Keep climate change issue in project plans: Mannan

The climate change issue will have to be incorporated in the detailed project plan (DPP) of all development projects to properly implement the national adaptation plan (NAP), according to the planning minister.
20 March 2022

Bangladesh ratifies ILO’s convention on minimum working age

Bangladesh has ratified the much-talked about International Labour Organisation (ILO) Convention 138 to fix the minimum working age for any person at 14 years.
20 March 2022

Govt cuts edible oil price by Tk 8 a litre

The government today reduced the retail price of bottled soybean edible oil to Tk 160 a litre, a cut by Tk 8 from the current rate of Tk 168 a litre.
20 March 2022

No cut in VAT on beauty parlour services: NBR chairman

The value-added tax (VAT) on beauty parlour services would not be reduced in the upcoming national budget, Abu Hena Md Rahmatul Munim, chairman of the National Board of Revenue (NBR), said today.
20 March 2022

Local prices of rice, oil, beef, egg, onion now higher than global markets: CPD

The prices of rice, edible oil, beef, sugar, egg and onion have risen more in Bangladesh than that of the international markets, affecting the poor people who are already suffering from erosion of purchasing capacity for pandemic caused income losses, said the Centre for Policy Dialogue (CPD) today.
20 March 2022

Bangladesh among top 10 Indian wheat importers

Bangladesh was among the top 10 importing countries of Indian wheat in the 2020-21 fiscal year, according to the Indian commerce ministry.
19 March 2022

Investors weigh whether stocks have more bounce

Wall Street stormed back this week after absorbing a long-awaited rate hike from the Federal Reserve, leaving investors to determine whether stocks are set for a sustained rebound or more turbulence.
19 March 2022

Kuakata abuzz with tourists once again

Kuakata, a town in Kalapara upazila of Patuakhali, has become a hotbed for tourism once again as visitors are flocking to the popular seaside destination for much-needed rest and relaxation amid the receding coronavirus crisis.
19 March 2022

‘Happytalism’ to drive sustainable business growth

Happiness is a fundamental human goal. The General Assembly of the United Nations had recognised the relevance of happiness and well-being as universal goals back in 2012 and called for a more inclusive, equitable and balanced approach to economic growth that promotes the happiness and well-being of all human beings.
19 March 2022

Dwarf coconut trees offer shortcut to success

Kazi Abu Saad Chowdhury, a resident of Ghoraghat upazila in Dinajpur, has found an answer to his financial woes in the form of Vietnamese dwarf coconut trees.
19 March 2022

Hopes of rapid recovery dashed by war headwinds

Just as the economy was sailing smoothly to make a turnaround from the coronavirus pandemic, the Russia-Ukraine war has suddenly emerged as a major obstacle standing in the way of faster and full revival. And this, among other things, is likely to increase poverty and eat into growth, warned the International Monetary Fund (IMF), policymakers and experts.
19 March 2022

Good number of apparel factories seek RSC membership

A good number of old and new garment factories are now seeking membership of RMG Sustainability Council (RSC) as the audit standard of this tripartite platform is very high.
19 March 2022