The economic damage from supply disruptions triggered by the confluence of events around the Russian invasion of Ukraine would be severe in some countries and industries and less so in others depending on the depth and breadth of economic ties,

Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers.

In a worrying trend, a group of farmers in northern districts are selling wheat spikes as cattle feed in order to make a higher profit since they don’t get fair prices for the final produce.

The far-reaching implications of an ongoing rally in oil prices amid Russia’s invasion of Ukraine have already descended on Bangladesh as the state-owned Bangladesh Petroleum Corporation (BPC) is losing Tk 19 crore per day.

Earnings from merchandise shipments continued to soar in February, registering growth of 34.54 per cent year-on-year to reach $4.29 billion on the back of increased garment exports.

State-run telecom operator Teletalk has failed to ensure the standard call success rate and call drop rate in Dhaka division, excluding two city corporations in the capital.

A section of unscrupulous traders are cutting edible oil bottles to sell them in loose form in order to get higher prices ahead of the Ramadan, Commerce Minister Tipu Munshi said today.

Bangladesh needs to reduce its dependence on customs duty for revenue as lowering the cost of doing business would help local products and services become more competitive on a global scale, according to the Institute of Chartered Accountants of Bangladesh (ICAB).

Non-performing loans (NPLs) in the country’s banking sector increased 16.38 per cent year-on-year to Tk 103,274 crore in 2021 despite a relaxed loan classification policy taken by the Bangladesh Bank.

Listed and leading pharmaceutical company Renata Ltd has decided to purchase 560 decimals of land along with a carton factory at Rajendrapur in Gazipur to expand its factory.

Share prices dropped in Dhaka Stock Exchange (DSE) today after experiencing a rebound in the previous two days.

Rosatom, the contractor of the Rooppur Nuclear Power Plant, dismissed the notion of potential delays in the construction of the project amid Russia’s war on Ukraine even though some Russian banks might be excluded from the SWIFT messaging system.

The textile market in Bangladesh is growing at a faster clip as annual sales have nearly doubled to $9 billion in a span of five years riding on the production of diversified fabrics and the growing consumption of middle-income people.

The Bangladesh Investment Development Authority (Bida) will recommend formulating adequate policy measures for non-performing loan (NPL) resolution and NPL market creation to the government as it would lead to more foreign direct investment.

Tariff  rationalisation is extremely important for Bangladesh to boost exports,  improve trade competitiveness and maintain steady economic growth,  speakers said yesterday.

The private sector is well-known for its efficiency but is also negatively viewed for its greed and an inherent nature that lacks focus on welfare. The public sector is considered to work for the benefit of the people but is often cited as being inefficient and wasteful.

Tube well manufacturers in Bogura are going through hard times as the costs of raw materials have almost doubled in the last couple of years.

The government is expected to trim the development budget by 7.88 per cent to Tk 207,550 crore for the current fiscal year because of the sluggish pace of implementation by public agencies.

Australia will continue its duty and quota free treatment for Bangladeshi exports even after the country graduates from least developed country (LDC) status in 2026.

Remittances declined 16 per cent year-on-year to $1.49 billion in February, the lowest in the past 22 months, creating a further risk of widening the trade imbalance in the face of surging import bills.