Bangladesh Ship Recycling Act, 2018 was enacted four and a half years ago but its implementation has stayed limited to just the formation of a board. 

The economy faces multidimensional challenges as the volatile global scenario threatens to create an adverse situation for the growth momentum of Bangladesh, the central bank warned yesterday. 

The government yesterday placed more orders to buy fertiliser in order to augment the stock for the vital agricultural input to ensure smooth cultivation of crops in the coming seasons, particularly the boro when Bangladesh’s main rice crop is produced.  

The board of directors of Walton Hi-Tech Industries PLC approved 250 per cent cash dividend for the general shareholders and 150 per cent cash dividend for sponsors and directors for financial year 2021-2022.

Garment exports to the US rose 54.43 per cent year-on-year in the January-July period to hit $5.71 billion as the demand for locally made garment items is growing among American consumers, according to data from the country’s Office of Textiles and Apparel (OTEXA).

One Bank Ltd recently signed a memorandum of understanding (MoU) with CCULB Resort and Convention Hall for customer privilege.

Brac Bank recently won five awards in five different categories in the South Asian Business Excellence Awards 2022 for its digital transformation, social and sustainable initiatives.

The Dhaka and Chittagong stock exchanges rose marginally yesterday, snapping a three-day declining trend. 

The Bangladesh Bank yesterday raised the ceiling of the rate at which local clients secure finances from external sources through local banks after the benchmark rate hikes by the United States central bank made it difficult for them to access finances.  

The injectables manufacturing facility of Eskayef Pharmaceuticals, one of the leading pharmaceutical companies of Bangladesh, has received approval of the United States Food and Drug Administration (US FDA). 

The Dhaka and Chittagong stock exchanges rose marginally yesterday, snapping a three-day declining trend.

The non-bank financial institutions have demanded withdrawal of the 7 per cent interest cap on deposit.

Eskayef Pharmaceuticals Limited, one of the leading pharmaceutical companies of Bangladesh, has been accredited with the prestigious US FDA approval for its injectable manufacturing facility.

Emerging from the Covid-19 pandemic, it’s clear how ill-prepared the world was for such a crisis. We can see how our inability to deal with decades-old existential threats – notably the degradation of ecosystems, climate change, and food insecurity – has exposed us to pandemics, disasters triggered by natural hazards, and now worsening hunger.

Staple food prices in sub-Saharan Africa surged by an average 23.9 per cent in 2020-22—the most since the 2008 global financial crisis. This is commensurate to an 8.5 per cent rise in the cost of a typical food consumption basket (beyond generalised price increases).

The Chittagong Stock Exchange (CSE) edged up in the morning session today, snapping the three-day losing streak.

The Dhaka Stock Exchange (DSE) rose slightly in the morning session today, overcoming the fall in the last three days.  

Local sale of saris, especially those made on handlooms by skilled artisans in Tangail renowned for their colours and designs, has apparently gone up marking the upcoming Durga Puja.

Farmers in Gopalganj that have been growing vegetables on floating seedbeds are enjoying profits as the crops cultivated in this manner are getting good prices in local markets.

Bangladesh’s private sector credit growth surged to 14.07 per cent in August, almost touching the central bank’s target for the entire fiscal year, an ominous sign for the economy since it may stoke inflationary pressures.