The Dhaka stocks returned to gains today although shares of many companies experienced a fall in their prices.

Nagad yesterday said it unblocked all but eight accounts, including that of the chief executive officer of digital commerce company Shirajganj Shop, which were alleged to have been involved in a “scam”.

A branch of Union Bank Ltd has adjusted the shortage of funds in its vault through cheque, finds a Bangladesh Bank inspection.

Appetite for purchases through online platforms declined in July from a month ago, as people became cautious in placing orders when a series of scams centring e-commerce companies started coming to the light.

Chinese toymaker Meigo (Bangladesh) Ltd is going to invest $6.55 million to establish a factory in Dhaka Export Processing Zone. The company will annually produce 9 lakh die-cast, plastic, plush and collectible toys.

Evaly is unlikely to be able to return the amount it took from customers in advance payment for goods, said Commerce Minister Tipu Munshi yesterday -- in a crushing blow to the rogue e-commerce platform’s hundreds of thousands of aggrieved buyers.

The High Court yesterday issued an injunction order restraining controversial e-commerce platform Evaly, which allegedly has liabilities of more than Tk 1,000 crore, from selling and transferring its assets until further order.

US Bank announced an $8 billion deal on Tuesday to buy the US retail activities of Japan’s Mitsubishi UFJ Financial Group (MUFG).

The Hongkong and Shanghai Banking Corporation Limited (HSBC) and British Council virtually launched a new programme recently to provide English and IT lessons to 2,400 out-of-school girls in Bangladesh. 

Asian investors trod carefully on Wednesday but nerves appeared to be settled by news that troubled Chinese property giant Evergrande had agreed a plan to repay interest on one of its key bonds, for now avoiding a default that many fear could hammer the domestic and global economy.

The commerce ministry will have to take the primary responsibility to support the customers who were conned by some rogue e-commerce firms, said Finance Minister AHM Mustafa Kamal yesterday.

The Dhaka stock index dropped yesterday just after touching its highest-ever levels in the preceding two days.

Around 10,000 families in Moheshpur upazila of Khulna’s Jhenaidah district are seeing better days as the local imitation or “city gold” jewellery industry has bounced back from a prolonged period of economic uncertainty due to the ongoing Covid-19 pandemic.

Operations at the country’s premier Chattogram sea port have resumed after around 35 hours with a countrywide work abstention enforced by a section of logistics service providers being called off yesterday afternoon.

The stock market regulator’s initiatives such as roadshows in various countries to bring in investments appear to have produced no significant positive outcome as foreign investors reduced their stakes in the listed companies to book profits.

Two foreign companies yesterday got the government nod to set up a 50-megawatt solar power plant in Khulna’s Terokhada upazila.

The Asian Development Bank has trimmed its economic growth projection for Bangladesh to 6.8 per cent for 2021-22, a reflection of the impacts of the containment measures reinstated at the start of the fiscal year to bring down coronavirus infection rates.

The government has issued a policy which comes with tax and export incentives to encourage entrepreneurs to establish automobile plants here in Bangladesh.

Coca-Cola Bangladesh has recently announced Ta Duy Tung as its new managing director, who will work closely with the company’s bottling partners, customers and other external stakeholders in the country.

The government has no plan to shut down any e-commerce company now due to irregularities by some 10 to 12 companies, Commerce Minister Tipu Munshi said today.