Dhaka and Chattogram stock exchanges climbed for another day yesterday as a number of recent developments gave a boost to investors’ confidence.  

People who hoarded US dollar illegally will face punitive measures, the Bangladesh Bank said yesterday.

Major producers in Bangladesh colluded with each other to send the price of eggs to an unprecedented level in the middle of August, hurting the pockets of consumers already struggling to make ends meet, according to a probe report.  

Al-Arafah Islami Bank has received approval to raise Tk 500 crore by issuing a non-convertible, floating and mudaraba subordinated bond.

Golam Kabir and Mohammed Jamil Iqbal have been re-elected as vice chairmen of NRB Bank Limited.

The National Board of Revenue (NBR) has announced the territories that would be covered by the newly formed Customs Bond Commissionerate (CBC) Dhaka (North). 

The Bangladesh Investment Development Authority (Bida) has joined hands with US-based venture capital firm Anchorless Bangladesh to attract and facilitate targeted global investments and jointly promote investment opportunities in Bangladesh and abroad.

Punitive actions will be taken against people who have hoarded US dollars illegally, the Bangladesh Bank said today.

Al-Arafah Islami Bank gets approval to raise a fund of Tk 500 crore through issuing non-convertible, floating rate, fourth mudaraba subordinated bond.

Shares on the Chittagong Stock Exchange (CSE) opened higher today.

Shares on the Dhaka Stock Exchange (DSE) continue to rise for the sixth successive trading day today.

Bangladesh Railway has leased out its spare optical fibre cables to five telecom and internet service providers for five years, a move which is expected to ensure faster internet speed for end users.  

Shares on the Dhaka and Chattogram stock exchanges continued their bull run yesterday on the back of a fuel price cut, albeit marginally.  

Owners of private inland container depots (ICDs) in Chattogram yesterday revised the charges for all five types of container handling services, a day after the latest government move to trim fuel prices.

The use of foreign aid for development projects in Bangladesh jumped 49 per cent year-on-year in July, providing some relief to the government amid the ongoing pressure on the country’s foreign exchange reserves.

Tea estate owners in Bangladesh yesterday said they suffered losses of up to Tk 20 crore per day during the recent 18-day protest by estate workers as significant amounts of tea were wasted for the work abstention. 

The government could have reduced fuel prices by more than Tk 5 per litre, said Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin yesterday. 

Investor Abu Sayeed was eagerly buying stocks of Orion Infusion sitting inside a brokerage house in Dhaka last Thursday. The share of the company had almost tripled in the past three months.

Low private investment, poor tax collection, inadequate investment in the education and health sectors, and improper distribution of social safety net are four fault lines currently weighing on Bangladesh’s economy, said a top economist yesterday.

Sonali Paper & Board Mills Ltd has begun the commercial operation of a new product line to produce aluminium foil paper boxes.