Stocks in Bangladesh yesterday maintained their downward trend amid a volatile session, where risk-averse investors opted for profits on sector-specific issues that observed recent rallies, according to experts.

Paramount Insurance Company Ltd posted a 38 per cent year-on-year decline in profit to Tk 7.60 crore in 2022.

Uttara Bank Limited clocked a Tk 270.37 crore profit in 2022, up 21.74 per cent from a year earlier.

The taka has weakened further against the US dollar as the Bangladesh Bank has started selling the American greenback to banks at Tk 103.

Prime Minister Sheikh Hasina yesterday asked the authorities concerned to incorporate women’s unpaid household works into Bangladesh’s gross domestic product (GDP). 

The government is going to buy another shipment of liquefied natural gas (LNG) from the international spot market, the sixth since February. 

Banks in Bangladesh are increasingly installing cash recycling machines (CRMs) throughout the country so that clients can withdraw or deposit their funds from the same spot.

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Although watermelon yields have been good this year, a section of farmers in Barishal and Khulna are facing heavy losses due to heavy hailstorms and poor market price amid the final stage of harvesting.

Sales of ceramics items have dropped by up to 20 per cent in Bangladesh as consumers cut back on their non-essential expenditures and the real estate sector faces a slowdown amid economic uncertainty and higher inflationary pressures, industry people said.

Although the government has from time-to-time laid emphasis on the timely completion of projects, the agriculture ministry will seek a third extension for one on fruit production, taking the completion time to 10 years from an initial five years.

Shrimp exports are gradually recovering from a downturn earlier this year mainly due to increased demand and prices for freshwater prawn and partly for brackish water shrimp locally known as black tiger, two exporters said.

A 31-member team of the Bangladesh Association of Software and Information Services (BASIS) has recently taken part in Indiasoft 2023, a major IT event in New Delhi where globally renowned 85 information technology companies showcase their services.

REDX, the logistics wing of the country’s e-commerce platform ShopUp, introduced a new freelance work model for delivery riders.

The Bangladesh Securities and Exchange Commission (BSEC) is going to take legal action against the board of directors of United Airways for their alleged involvement in irregularities.

Low-performing companies, known as B category stocks, dominated the gainers’ chart on the Dhaka Stock Exchange (DSE) yesterday riding on the rumours that big investors are buying them in large volume.

The government is turning the one crore family cards, which are used by low-income groups to buy essentials at subsidised rates, into smart cards to fix loopholes, Commerce Minister Tipu Munshi said yesterday.

As a United Nations member state, Bangladesh has pledged to accomplish the Sustainable Development Goals (SDGs) by 2030. The SDGs urge all countries to take action towards ending poverty, preserving the planet, and promoting universal peace and prosperity.