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

Small fishers contribute 90% of marine capture

The small-scale or artisanal fishers contribute nearly 90 per cent of all marine capture in Bangladesh, according to the United Nation’s Food and Agriculture Organisation (FAO).
11 December 2022

Deadline extended for rice purchase agreements

The food ministry has extended the deadline to sign contract with rice millers regarding the purchase of the grain by a week to December 15 this year, said a notification.
11 December 2022

BB relaxes LC requirements for Ramadan commodities

The central bank has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for essential commodities as it looks to keep their prices at a tolerable level during Ramadan and ensure smooth supply.
11 December 2022

Envoy Textiles gets $11.2 million ADB loan for yarn spinning unit

The Asian Development Bank (ADB) has entered into a €10.8 million ($11.2 million) loan agreement with Envoy Textiles to fund a second yarn spinning unit at Envoy’s manufacturing plant in Mymensingh’s Bhaluka.
11 December 2022

‘Hydrogen-based power generation to help reduce carbon emission’

Bangladesh has started hydrogen-based power generation, which will play an important role in reducing carbon emissions, Bangladesh Power Development Board Chairman Mahbubur Rahman said today.
11 December 2022

Rice prices still high despite higher yield

Aman paddy harvesting season has begun, but the general mass is struggling to buy rice as the price of the staple food is still high in the local market.
11 December 2022

Banks asked to levy minimum LC margin on importers

The central bank has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for a number of essential commodities in order to keep their prices at a tolerable level during Ramadan and ensure smooth supply.
11 December 2022

Stocks rebound amid higher trading

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

PM seeks robust Japanese investment in Bangladesh

Prime Minister Sheikh Hasina today urged the Japanese businessmen to make larger investment in Bangladesh.
11 December 2022

Stocks return to black 

Shares on the Dhaka Stock Exchange (DSE) returned to the black today.
11 December 2022

Communication during crisis

Our professor for reputation and crisis management at Kellogg School of Management told us: “Nothing seems to work during a crisis. People are either confused or panicked all along.”
11 December 2022

Falling exports hit jute growers

Jute prices in Bangladesh are currently lower than what they were at the same time last year due to declining exports of twine and yarn made from the natural fibre, according to growers and traders.
11 December 2022

Non-leather footwear exports can reach $1b by 2025

Exports and domestic sales of Bangladesh’s synthetic and athletic footwear sector have been witnessing some of the highest growths among those of other sectors, according to a market assessment of Bangladesh Investment Development Authority (Bida).
11 December 2022

Wage growth below inflation for 10th month

For the 10th consecutive month, monthly wage growth of workers has remained below inflation, a trend that indicates a worsening poverty situation as many people are being compelled to cut consumption amid falling real income.
11 December 2022

ICB could lose Tk 438cr for unusual investment decisions

Unusual investment decisions made by the state-run Investment Corporation of Bangladesh (ICB) could inflict a loss of Tk 438 crore on taxpayers as the funds have either turned into default loans or remained largely unrealised, according to an audit report.
11 December 2022

NBR awards 9 highest VAT-paying firms

The National Board of Revenue (NBR) yesterday awarded nine firms for paying the highest amounts of value-added tax (VAT) in fiscal year 2020-21.
10 December 2022

Curse of high inflation: The worst is yet to come

Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials like food, heating, transport and accommodation. And though a peak could be in sight, the effects may yet get worse.
10 December 2022

Projector sales double amid FIFA World Cup

Shajedul Islam Sajal, who lives in the WASA staff quarter near Pallabi Extension in Dhaka’s Mirpur, had pooled his money with other youths in the area to buy a projector for Tk 15,000 before the FIFA World Cup began on November 20 this year.
10 December 2022

Bangladesh’s cotton import to drop: USDA

Bangladesh’s cotton import may drop to 8 million bales in marketing year 2022-23 which began in August, said the US Department of Agriculture (USDA) at the end of last week. 
10 December 2022