Betel nut farming has changed the luck of many farmers in Nilphamari district as the crop is more profitable than many others thanks to its nature of giving high yield with little care and handsome market price.

Budgetary allocation for Rangpur division’s eight districts for fiscal 2021-22 should be adequate to expedite development of the country’s extreme north, primarily known for crop production, said businesspeople, economists and members of the civil society.

Better negotiation skills, export diversification, improved competitiveness and institutional capacity building are keys to attaining success once Bangladesh makes the United Nations status graduation to a developing country, speakers told a webinar yesterday.

The stock market index is hovering around 6,000 points now, raising questions among investors over whether it would remain stable here or take a plunge like before.

The one-person company (OPC) law is off to a disappointing start as no single entrepreneur has come forward to incorporate firms under the provision although six months have passed since its passage.

The government may make it mandatory for businesses to use formal channels such as banks and mobile financial services for transactions involving more than Tk 50,000 from the next fiscal year.

Fifty-two per cent of electricity consumers in Bangladesh apply for the connection through middlemen instead of going to the distribution offices directly, according to a new survey.

Some 52 per cent of consumers apply for electricity connection through middlemen without going directly to the electricity office, according to a new survey.

Many poor people did not get the relief meant for them during the coronavirus pandemic because of the corruption perpetrated by a section of local elected representatives, alleged leaders of community-based organisations yesterday.

The sales of air conditioners have tripled year-on-year in April and May as people rushed to retailers to get rid of the scorching summer.

The government is planning to offer a 10-year tax exemption for agricultural machinery manufacturing in order to encourage investment and support farmers’ growing appetite for machines to increase productivity and cut labour-shortage induced higher production costs.

President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031, the New York Times reported on Thursday, a day before the White House is expected to unveil its budget proposal.

French oil and gas group Total and US energy company Chevron have suspended some payments from a gas joint venture that would have reached Myanmar’s junta, earning praise from pro-democracy activists for taking an important first step.

US President Joe Biden’s administration defended on Wednesday a proposed ConocoPhillips oil development in Alaska, backing the drilling project which was approved under the administration of former President Donald Trump.

Stocks of MI Cement Factory rose 3.41 per cent to Tk 69.80 yesterday after news broke that its profits have almost tripled over the past year.

Stocks of British American Tobacco Bangladesh (BATB) dropped although it announced higher profits in the first quarter (January-March) of 2021.

The government should exploit the opportunities in northeastern districts by taking adequate measures when formulating the national budget for fiscal 2021-22 as it would help reduce regional disparity, according to various experts.

Beximco at last is going to return money of general investors who invested in its two debentures in 1995.

Nazmul Ahsan, 36, works at a bank in Dhaka as the head of the treasury. He took up health insurance at the age of 29 as a part of his financial planning.

Profitability of banks in Bangladesh will remain under pressure as a result of continued high requirement of provisioning and a weak outlook for a rebound in credit growth due to extended economic weakness, said Fitch Solutions in a report released recently.