The sharp rise in the rate of inflation witnessed in recent months is worrisome for at least two reasons: it is bad for investment decisions and economic growth, as well as for low-income people, especially those with fixed incomes.

The Insurance Development and Regulatory Authority (IDRA), the sole regulatory body for insurance companies in Bangladesh, has identified nine issues that are impeding growth in the country’s non-life insurance sector.

Agroshift, a Bangladeshi agri-tech that enables businesses to source directly from farmers, has announced it has raised $1.8 million in funding, making it the largest-ever pre-seed round for any startup in the country.  

Cyclone Sitrang has affected 33,000 hectares of transplanted Aman paddy crop and washed away fish and shrimps mainly in the southern coastal districts, officials said yesterday.  

Bangladeshi company Pacific Attires Ltd will invest Tk 31.75 million to set up a high-end garments manufacturing industry in Chattogram Export Processing Zone (CEPZ).

The stock market regulator yesterday formed an investigation committee to find whether any market manipulation is responsible for the recent unusual share price hike of Gemini Sea Food.

A three-day trade show will begin in the capital from tomorrow to showcase American products and services in Bangladesh and give a boost to bilateral trade. 

MJL Bangladesh Ltd reported a 15.53 per cent year-on-year decline in profit at Tk 201.45 crore in the financial year that ended on June 30. 

Quasem Industries Ltd made Tk 3.56 crore profit in the financial year that ended on June 30, down more than 61 per cent from a year earlier.   

The City Bank Ltd reported a 10.60 per cent year-on-year increase in profit at Tk 112.85 crore in the July-September quarter of 2022.  

Mobile financial service provider Nagad and North South University (NSU) signed a memorandum of understanding (MoU) yesterday to conduct leadership training programmes and research to contribute to women empowerment and gender equity. 

The bilateral trade between Bangladesh and Vietnam hit $739.89 million in fiscal year 2020-21 and it could be enhanced to $2 billion through mutual cooperation, exchange of business delegation and joint research.

Businesses in the Khatunganj, Chaktai and Asadganj areas of Chattogram have incurred huge losses as their warehouses and shops were flooded by rain and seawater during the high tidal surge caused by cyclone Sitrang on Monday.

The Dhaka stock index returned to the black yesterday after two days’ drop while turnover was less than Tk 650 crore amidst lower participation of investors. 

Uttara Bank Limited’s profit fell 26 per cent year-on-year to Tk 45.70 crore in the July-September quarter of 2022.  

The three-day US Trade Show will begin in the capital on October 27 to showcase American products and services in Bangladesh and give a boost to the bilateral trade.

Leading consumer goods processor City Group today announced that it will start selling Teer branded packaged sugar at Tk 95 a kilogramme from tomorrow in the capital.

The stock market regulator today formed an investigation committee to find whether any market manipulation is responsible for the recent unusual share price hike of Gemini Sea Food.

The bilateral trade between Bangladesh and Vietnam hit $739.89 million in fiscal year 2020-21 and it could be enhanced to $2 billion through mutual cooperation, exchange of business delegation and joint research.

Bangladeshi company Pacific Attires Ltd will invest Tk 31.75 million to set up a high-end garments manufacturing industry in Chattogram Export Processing Zone (CEPZ).