The enquiry committee found that Islam illegally transferred Tk 45.07 crore from mutual funds

The change came into effect yesterday.

The partnership will focus on increasing investment opportunities in cold chain networks, warehousing systems, energy-efficient investment for cold storage and temperature-controlled logistic services.

Stocks on Dhaka and Chattogram bourses rose slightly in the morning trade today.

The average monthly food expense for a four-member household in Dhaka has increased by up to 51 per cent over the past four years due to persisting high inflation, according to a study by the Centre for Policy Dialogue (CPD).

Supported by remittance, the families of Bangladeshi migrant workers are playing a crucial role in developing the country’s rural economy by not only purchasing goods, but also investing in different small-scale income generating opportunities, according to experts.

Farmers have planted hybrid rice on the highest amount of land in the current Boro season, the source of the biggest crop output, to profit from higher production and prices of the staple grain in the market. 

The inflow of work orders from international clothing retailers and brands to Bangladesh has slowed because of the persistently higher cost of living in the western world and a pile-up of apparel stocks at stores.

Banks’ subsidiaries including brokerage firms, merchant banks and asset management companies are going to fall under the purview of Bangladesh Bank as per the final draft of a bank company (amendment) act, 2023.

Pioneer Insurance Company Ltd posted a 12 per cent year-on-year decline in profit to Tk 51.57 crore in the financial year that ended on December 31.   

The Bangladesh Bank yesterday withdrew the ceiling on the loans going to the trading sector from its Tk 25,000 crore refinance scheme. 

US-based agriculture development organisation Venture37 signed a memorandum of understanding with City Bank Capital yesterday to collaborate in the development of a robust and efficient cold chain infrastructure in Bangladesh.  

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested the US authorities for duty-free access to the US market for garment products made from the American cotton.

Electronics brand Vision of Pran-RFL Group yesterday launched a “Lakhopoti offer”, offering 1 lakh prizes worth up to Tk 1 lakh on the purchase of its blenders until April 30 marking Eid-ul-Fitr. 

Alibaba Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on Tuesday, adding that each of the units will explore fundraising or initial public offerings.

All indexes of the Dhaka and Chattogram stock exchanges fell for the second consecutive day yesterday amidst shaky participation from investors.

The prices of rice, wheat and maize fell globally in the two weeks to March 23 compared to two weeks ago, showed the World Bank Food Security Update.     

Dhaka division’s 4.19 crore people in 13 districts have stored in banks a total of Tk 9.79 lakh crore, around 85 per cent of which, or Tk 8.32 lakh crore, belong to the people living inside Dhaka district alone.

Turnover fell to Tk 272 crore from Tk 317 crore a day earlier, a decrease of 14 per cent. 

Stocks on Dhaka and Chattogram bourses fell in the morning trade today.