Inflation in Bangladesh declined for the fifth consecutive month in January driven by a fall in food prices, in line with global trends, official figures showed yesterday. 

Bangladesh will have to collect an additional Tk 234,000 crore in the three years from the current fiscal year in order to meet the International Monetary Fund’s conditions tagged with its $4.7 billion loan approved last month.

The International Chamber of Commerce (ICC) Bangladesh organised a daylong workshop on “Combating Financial Crimes: Means, Ways & Redress” at a local hotel in Dhaka recently. 

Businesspeople involved with the spice market in Bangladesh have urged the government to reduce the import duty on spices in order to keep the market stable in the upcoming month of Ramadan.

Oimex Electrode Limited incurred a loss of Tk 11.07 crore in the last financial year of 2021-22.

Bangladesh’s stocks fell for a second consecutive day yesterday while turnover dropped by over 22 per cent.

Non-banking financial institution CVC Finance has recently appointed a new managing director and chief executive officer. 

Midland Bank yesterday launched a “Green PIN Service” with the help of IT Consultants, enabling customers to set and reset the PIN numbers of their debit, credit and prepaid cards through the bank’s website from now. 

United Power said its earnings fell 29 per cent year-on-year to Tk 280.57 crore in the October-December period of 2022-23 as it did not receive dividends from its subsidiaries.

Bangladesh became home to half of the top 100 green industrial units worldwide after KDS IDR Limited, a garment factory in Kalurghat, received platinum certification from the Leadership in Energy and Environmental Design (LEED) programme on February 1.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has formed a panel to oversee the election of its board of directors for the tenure of 2023-24.

Top business leaders yesterday urged the National Board of Revenue (NBR) to ensure a conducive business climate by bringing reforms to the revenue sector, including having separate administrations formulating tax policies and collecting revenue.

Belgian Queen Mathilde today praised the transition of Bangladesh’s garment industry towards sustainable and responsible manufacturing and the progress the south Asian country has achieved to ensure workers’ rights and welfare.

Bangladesh’s stocks fell for the second consecutive day today.

Bangladesh’s stocks fell in the first half today amid a decline in the prices of most of the shares.

Earnings from jute exports from Bangladesh slumped for the second consecutive year in July-January, raising concerns for the promising industry, one of the few sectors for which raw materials are locally available.     

The central bank has instructed banks to provide exporters’ retention quota (ERQ) account services to service exporters to help them carry out international transactions.

Infrastructure Development Company Limited (Idcol) signed two agreements with German development bank Kreditanstalt für Wiederaufbau (KfW) yesterday to avail a loan of €140.5 million. 

The Bangladesh Rubber Garden Owners Association yesterday presented an 11-point demand, which includes recognising rubber as an agricultural product, in a bid to help expand the local industry by removing existing hurdles.

Dhaka Bank and Newage Group recently signed an agreement on payroll services, financial products from profit bearing accounts, loans and credit cards.