Bangladesh Bank Governor Abdur Rouf Talukder yesterday said they are trying to help strengthen the country’s securities market as it should be a major source of long-term funding for entrepreneurs and thereby assist in reducing non-performing loans in the banking sector.

Both Dhaka and Chittagong stock exchanges closed lower yesterday snapping their three-day gaining streak as the clouds over the economy darkened further after a fall in exports and remittance receipts in September. 

KDS Accessories Limited’s profit rose nearly 6 per cent year-on-year to Tk 16.58 crore in the year that ended on June 30, 2022. 

The number of green garment factories in Bangladesh has reached 173 as two more units received the Leadership in Energy and Environmental Design (LEED) certification from the US Green Building Council (USGBC) yesterday.

Planning Minister MA Mannan yesterday claimed that inflation in Bangladesh has come down notably although the Bangladesh Bureau of Statistics (BBS) was yet to publish the consumer price index for August and September. 

Robi Axiata, the second largest mobile phone operator in Bangladesh, has appointed Rajeev Sethi as its new chief executive officer. 

Nagad has launched a campaign, under which the mobile financial service provider offered up to Tk 1,000 cashback for mobile recharge.

With a view to connecting Bangladesh’s women entrepreneurs to the global market, the maiden International Women Entrepreneurship Conference 2022 is going to be held in the country next month. 

The government has extended the deadline for exporting hilsa to India to October 5 following pleas from traders, according to a circular from the commerce ministry yesterday.  

Ace Autos, an authorised distributor of Haval sport utility vehicles (SUV) in Bangladesh, has signed a memorandum of understanding (MoU) with Standard Chartered Bank to provide auto loans at only 7.99 per cent interest per annum and 0.5 per cent processing fee in the purchase of Haval SUVs.

Proper use of government-approved vehicle tracking systems (VTSs) can help in management of private, commercial and mass transport and control drivers’ movement, which will eventually play a big role in reducing road accidents, an expert said today.

Both Dhaka and Chittagong stock exchanges closed lower today snapping their three-day gaining streak as the clouds over the economy darkened further after a fall in exports and remittance receipts in September.

Women´s contributions to climate action are severely limited by systems that downplay women´s roles, capacity, and potential. Greater access to sustainable and gender-equitable green finance will help women be frontrunners in global efforts to address climate change.

Billions of consumers around the world are seeing higher oil prices seep into the cost of living and wages. Filling the gas tank soon starts to cost more when crude prices climb, as does airfare, but higher energy costs also boost prices for all the products on store shelves. Workers seek higher wages to compensate for a loss in their purchasing power.

The Dhaka Stock Exchange (DSE) edged down today snapping three days’ gaining streak.

Rather than going for mere expansion, Chattogram-based denim exporter Denim Expert Limited wants to attain perfection in its product and innovation as well as achieve environmental sustainability in order to turn the facility into a model factory. 

The National Board of Revenue (NBR) is likely to extend a value added tax reduction on edible oil imports and refining for three months to retain current prices for consumers battered by rising costs of essential commodities. 

The economy of Bangladesh has continued to suffer from foreign exchange-related stress as both exports and remittances declined in September whereas import payments were almost unchanged. 

Export earnings dropped 6.25 per cent year-on-year to $3.9 billion in September, the first fall in 14 months, as the cost-of-living crisis in the western countries took its toll on Bangladesh’s main foreign currency earning sector.  

Whether it is semi-controlled or self-censored media, corridor discussions or even Transparency International Bangladesh reports, we have been hearing about corruption in the public enterprises and inaction by the subsequent governments for the last many years.