Stocks extend gains as political tension eases

All indexes of the Dhaka and Chittagong stock exchanges (DSE) rose yesterday as investors showed fresh interest in making investments after political tension eased to some extent.    
12 December 2022

Go ahead and import rice

Each time the government rolls out a plan to import rice, the public reacts with resistance. Understandably, for many Indonesians, rice is considered more than just a staple food, but also a sort of political commodity.
12 December 2022

Rein in rumours about EDF

Textile millers yesterday urged all concerned to avoid disseminating any wrong information about the Export Development Fund (EDF) of Bangladesh Bank as the soft loans it provides have helped the sector grow a lot.
12 December 2022

Feasibility study initiated for trade deal with Japan

Bangladesh and Japan yesterday initiated a joint feasibility study on exploring the possibility of signing either a free trade agreement (FTA) or an economic partnership agreement (EPA) before the country becomes a developing nation in 2026.  
12 December 2022

FBCCI wants easy LCs, even at expense of reserve dollars

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged the central bank to facilitate opening of letters of credit (LCs) by businesses to import essentials and other items ahead of Ramadan, even if it requires releasing foreign currency from the country’s reserves. 
12 December 2022

BB decides to appoint observers at the two Islamic banks

Bangladesh Bank has decided to appoint observers at the Islami Bank Bangladesh Ltd (IBBL) and First Security Islami Bank (FSIBL), said a top official of the central bank.
12 December 2022

Stocks extend gains as political tension eases

All indexes of the Dhaka and Chittagong stock exchanges (DSE) rose today as investors showed fresh interest in making investments after political tension eased to some extent.
12 December 2022

Global Heavy Chemicals’ losses widen

Global Heavy Chemicals Limited’s losses more than doubled to Tk 3.31 crore in the first quarter of the current financial year compared to a year earlier.
12 December 2022

BSTI certification made mandatory for 10 new products

Bangladesh Standards and Testing Institution (BSTI) has included 10 new products in the list which now need mandatory certification from the national standards body.
12 December 2022

Indonesia’s ban on sex outside marriage poses no risk to tourists: Bali governor

Visitors to Bali will not be put at risk by Indonesia's newly ratified criminal code, the island's governor said, dismissing concerns that revised laws which include articles criminalising sex outside marriage may scare away tourists from its shores..Indonesia's parliament last week passed
12 December 2022

Stocks begin another day with rise

Stocks in Bangladesh rose for the second consecutive session today.
12 December 2022

Farmers frustrated by poor price of peanuts

Peanut farmers in the greater Rangpur region have been left disappointed this year as prices for their produce are far below the expected level of Tk 7,000 to Tk 7,500 per maund (37 kilogrammes).
12 December 2022

Rice import by private sector remains low

Rice imports by the private sector in Bangladesh remain low despite five months having passed since the government started allowing local businesses to import the staple grain in a bid to rein in its spiralling prices in the domestic market.
12 December 2022

BB to return to biannual monetary policy

The central bank is set to return to its semiannual monetary policy stance after three years as per a suggestion of the International Monetary Fund (IMF) but local economists say the move would not bring about any change amid the lending rate cap and multiple exchange rates. 
12 December 2022

Bangladesh, Japan agree to sign FTA

Bangladesh and Japan have primarily agreed on signing a free trade agreement (FTA) to increase trade and investment, said Commerce Minister Tipu Munshi yesterday. 
12 December 2022

Envoy gets $11m ADB loan

Asian Development Bank (ADB) has provided a €10.8 million ($11.2 million) loan to Envoy Textiles to construct a second yarn spinning unit in Jamirdia of Mymensingh. 
11 December 2022

Social commerce may contribute $42b by this year: study

Latest study forecasts social commerce to directly influence 25 percent or US$42 billion of annual e-commerce sales in Southeast Asia by the end of 2022, the majority of which happened on social media platforms such as TikTok, Facebook and Instagram.
11 December 2022

bKash highest VAT payer in services sector

Leading mobile financial service provider bKash has been honoured by the National Board of Revenue (NBR) as the highest value-added tax (VAT) payer in the services sector at the national level for fiscal year 2020-21.
11 December 2022

StanChart The Banker’s ‘Best Bank in Bangladesh’

Standard Chartered Bangladesh was recently named as the “Best Bank in Bangladesh” by The Banker magazine’s Bank of the Year Awards 2022.
11 December 2022

Stocks rebound amid higher trading

All indexes of the Dhaka Stock Exchange (DSE) ended in positive territory yesterday on the back of an increase in trading activity by investors.
11 December 2022