The multinational paint maker may use the money to fund LCs

DBH got the approval from the central bank on April 11

Policies to boost biofuel production and use—crop subsidies, mandates, and other measures—came under intense scrutiny during the food price spikes of 2007/08, 2010/11, and 2012/13. As prices of maize, grains, oilseeds, and other feedstocks rose in those crises—more than doubling in some cases—critics pointed to their increasing use in biofuel production as a major factor behind high global food prices.

The Dhaka and Chattogram stock exchanges rose in the morning trade today.

Prime Minister Sheikh Hasina yesterday said there was a lot of potential in enhancing bilateral cooperation between Bangladesh and Sri Lanka in the areas of investment, agriculture, fisheries, pharmaceuticals, maritime connectivity and higher education. 

Narayanganj-based clothing traders have also been affected by the recent fire in Bangabazar and are passing days in uncertainty as wholesalers and retailers in the popular market in Dhaka owe a significant amount of money to their suppliers.  

Sales of motorcycles, particularly high-end ones, ahead of Eid-ul-Fitr were impressive over the last one decade but this year is quite different as demand is low due to an increase in inflationary pressure, economic crisis and an increase in prices of the two-wheelers.

The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out.

Monthly average household income and expenditure in Bangladesh doubled in the last six years and nearly tripled in 12 years, official figures showed yesterday. 

Investing in modern technologies and education is crucial to increasing productivity, sustainability and profitability for Bangladeshi’s farmers and achieving the goal of smart agriculture, speakers said yesterday.

Average daily per capita rice consumption in Bangladesh maintained its declining trend in 2022, as it fell by 10 per cent to 328.9 grammes from 367.2 grammes in 2016 thanks to increased income that enable people to consume more non-rice items, according to data of the Bangladesh Bureau of Statistics (BBS). 

Brac Bank Ltd clocked a Tk 601.63 crore profit in the last financial year of 2022, up 10.14 per cent year-on-year.

The City Bank Ltd made a profit of Tk 477.84 crore in the last financial year of 2022, down 13.10 per cent year-on-year.

But consumption of non-cereal, protein, vegetables continue rising

The commerce minister meets Iranian ambassador

The Bangladesh Small and Cottage Industries Corporation (BSCIC) is seeking applications from entrepreneurs to allot 1,003 plots lying vacant in various industrial estates across the country.

With only a day remaining before the celebration of Pahela Baishakh, the first day of Bangla year, sales of clothing and sweetmeat have not picked up and businesses say they are unlikely to meet their targets this year.

IDLC Finance Ltd, the largest non-bank financial institution in Bangladesh, is set to launch its Islamic financing window as it looks to tap business opportunities in a segment that is growing rapidly at home and abroad.

International air traffic to and from Bangladesh hit the highest at least in four years in 2022, riding on pent-up demand for travel by migrant workers, non-resident Bangladeshis and the upper-middle-class segment.

There is no alternative to a central bank digital currency (CBDC) as it will be very prominent in the global financial system in the coming decades, said Atiur Rahman, former governor of Bangladesh Bank, yesterday.