Onion farmers in Pabna, the biggest producing district in Bangladesh, are not happy with the current market price for their crop while yields have also been unsatisfactory due to poor weather conditions.

Many banks in Bangladesh struggled to ensure expected profit in the last couple of years owing to the business slowdown, but The City Bank Ltd managed remarkable returns on the back of corporate governance and diversified products. 

The Bangladesh Bank yesterday said the ongoing global uncertainties may have an adverse impact on the country’s growth momentum and the inflationary situation. 

The sale of yarn for making the fabrics for domestic market has fallen in the peak season of Eid-ul-Fitr and Pahela Baishakh because of high prices of some basic commodities and for the high cost of living for consumers.

United Finance Limited registered a 36 per cent year-on-year fall in profit to Tk 14.2 crore in 2022.

Midland Bank Ltd closed slightly higher on its first trading day at the Dhaka Stock Exchange (DSE) yesterday.

Salvo Chemical Industry Limited reported a nearly 54 per cent year-on-year decline in profit to Tk 2.41 crore in the second quarter of the current financial year.

There is no shortage of products in the markets but problems remain in the supply of goods, said Industries Minister Nurul Majid Mahmud Humayun yesterday. 

Tractor sales are in a slump as demand from farmers and brick kiln operators has waned amid higher fuel prices and vehicle costs due to the depreciation of taka against the US dollar, according to two leading dealerships.

Western Union, bKash and NCC Bank have launched an “Agent Assisted Model (PIN base Remittance)” service. 

The budget for the next fiscal year should target containing risks stemming from global turbulence and the absence of discipline in macroeconomic management, good governance and reforms, said the Centre for Policy Dialogue (CPD) yesterday.

ABM Mokammel Hoque Chowdhury has been reappointed as the managing director of Union Bank Limited.

Belal Ahmed was elected as chairman of Social Islami Bank Limited yesterday.

Shahab Uddin Khan, chairman of Zeeshan Group, has been elected as president of the Korea-Bangladesh Chamber of Commerce and Industry (KBCCI) for a two-year term.

First Security Islami Bank Limited (FSIBL) has signed an agreement with Addie Soft Limited over payment solutions.

American non-caffeinated soft-drink brand 7UP yesterday unveiled a Ramadan campaign featuring brand ambassador Shakib Al Hasan, marking the auspicious month of fasting for muslims.

Gold prices slipped on Monday as a rebound in equities dented the metal’s safe-haven appeal, while investors evaluated steps taken by authorities to calm fears of a crisis in the global banking system.

Industries Minister Nurul Majid Mahmud Humayun says

The indices of the Dhaka Stock Exchange (DSE) returned to the red today, snapping gains in the last trading session.

The prime index of the Dhaka Stock Exchange (DSE) was almost flat in the morning trade today.