Overall poverty in Bangladesh is increasing as the vulnerable non-poor have slipped below the upper poverty line due to the impacts of the coronavirus pandemic, according to a study.

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

Nine foreign and domestic firms are going to invest $55 million in Bangladesh’s hi-tech parks to set up manufacturing units for a number of products, including semiconductors, digital devices, and medical equipment.

The Bangladesh Bank yesterday fined two more banks and warned four others for investing in the stock market breaching rules.

Bangladesh’s ICT sector is flourishing on the back of artificial intelligence (AI), internet of things (IoT) and big data warehousing, said Farhana A Rahman, senior vice-president of the Bangladesh Association of Software and Information Services (BASIS).

The government might allow Padma Bank to merge with a state bank as the beleaguered lender is desperately trying to avoid a complete collapse. 

The sixth population census of the country is set to see further delays as the Bangladesh Bureau of Statistics (BBS) has failed to conduct it as per schedule, although three years have passed since drawing up a master plan.

Dhamaka Shopping came to the market with a singular plan: take hold of as much cash as possible from unsuspecting customers by offering them dizzying discounts for deferred delivery and run for safety as soon as a certain amount had accrued.

The  e-Commerce Association of Bangladesh (e-Cab) has temporarily suspended  the membership of four e-commerce platforms: Evaly, Dhamaka Shopping,  Sirajganj Shop, and Glitters RST World.

The Dhaka stocks edged up marginally yesterday enabling the key index to cross 7,300 points for the first time.

Farmers in Nilphamari district are cultivating a fast-growing variety of potato in order to maximise their profits before the year ends.

A total of 46,100 factories across the country are set to undergo safety inspections as the government looks to ensure adequate infrastructural and fire safety measures at all industrial units.

The board of the Chattogram Stock Exchange (CSE) has sent the bourse’s managing director Mamun-Ur-Rashid on forced leave for a month and sought approval from the regulator to remove him for misuse of power.

Non-resident Bangladeshis (NRBs) can invest easily in the capital market as the government allows free inflow and outflow of funds of diaspora community, said a top official of Bangladesh Securities and Exchange Commission (BSEC) today.

The board of directors of the Chattogram Stock Exchange (CSE) has sent the bourse’s managing director, Mamun-Ur-Rashid, on forced leave for a month and sought approval from the stock market regulator to suspend the official for misuse of power.

The Dhaka stocks edged up and crossed 7,300 points for the first time.

The government will buy 100,000 tonnes of wheat from Russia under the state-to-state contract, according to a decision taken by the cabinet committee on government purchase today.

The e-Commerce Association of Bangladesh (e-Cab) has temporarily suspended the membership of four e-commerce platforms: Evaly, Dhamaka Shopping, Sirajganj Shop and Glitter's RST World.

Overall inflation rose 18 basis points to 5.54 per cent in August owing to the rise in demand and the abnormal hike in transport cost following the reopening of the economy from the coronavirus-induced lockdowns, official figures showed.

Experts yesterday underscored the need for greater allocation in the national budget for gender specific projects.