Bangladesh’s stock market took a dive yesterday thanks to a profit booking tendency among investors alongside an ongoing stand-off between Bangladesh Bank and the Bangladesh Securities and Exchange Commission (BSEC) regarding two issues.

With help from Bangladesh Tea Board, 82 farmers in Lalmonirhat district of Rangpur division are farming tea on 121 acres of plain land with great success.

Thirty banks and financial institutions of the country were honoured by Large Taxpayers Unit (LTU) of the National Board of Revenue (NBR) yesterday for being last fiscal year’s top taxpayers.

Around 84 per cent of garment workers are concerned about the current situation of Covid-19 in Bangladesh, according to a survey by the South Asian Network on Economic Modeling (Sanem) released yesterday.

Bangladesh Bank yesterday unveiled a fresh Tk 3,000 crore refinance scheme to provide low-cost loans to farmers with a view to supporting farm production amid the coronavirus pandemic.

The central bank and the stock market regulator will jointly take decision on the use of undistributed cash dividend and contribution to the capital market stabilisation fund for banks and non-banks, finance Minister AHM Mustafa Kamal said today.

Beximco Pharmaceuticals today made final agreement to acquire 54.6 per cent stakes in Sanofi Bangladesh for over Tk 400 crore.

Around 84 per cent of the garment workers are concerned about the current state of Covid-19 in Bangladesh, according to a survey revealed today.

Bangladesh's stocks plunged today, triggered by the profit booking by investors in the well performing and large-cap companies.

The government’s e-commerce expert committee today recommended the commerce ministry to handover the issue of Evaly to the home ministry to investigate into the anomalies in the company and take punitive actions.

Manwar Hossain has been elected as the new chairman of Anwar Group of Industries.

Businesses will now get six months time to bring in imported goods after payments are made, up from four months allowed earlier.

Bangladesh Securities and Exchange Commission has decided to carry out a special audit into Safko Spinning Mills as some irregularities have been unearthed.

South  Korean company JD Creation Ltd will invest $4.15 million in Mongla  Export Processing Zone to establish an industrial unit to manufacture  camping items, garments, tents and garment accessories.

 A slide in Hong Kong-based technology and internet heavyweights following Beijing’s latest regulatory crackdown pushed an index of emerging markets shares on Monday to their lowest this month, while Russia’s Rusal jumped on debt repayment.

Stock prices of the Investment Corporation of Bangladesh (ICB), Walton Hi-tech Industries Limited, and Berger Paints Bangladesh Limited shed the most in the market yesterday after news broke that all three were asked to offload at least 10 per cent of their shares.

Sri Lanka’s Capital Alliance (CAL) has recently made a foray into Bangladesh’s brokerage business. CAL is Sri Lanka’s leading investment bank, offering integrated investment and capital market solutions, and this becomes its first overseas foray.

The price of raw jute has fallen by about Tk 500 per maund (37 kilogrammes) at local markets in Faridpur district, thereby depriving farmers and traders of higher profits, local sources said.

Listed banks and non-bank financial institutions cannot comply with the stock market regulator’s orders on the capital market stabilisation fund and cash dividend payment as they are inconsistent with the Bank Company Act.

Tech-based transportation platform Jatri has raised $1.2 million, or nearly Tk 10.03 crore, in its latest round of fund-raising to expand its operations across the country.