Use of multiple currencies instead of being overly dependent on the US dollar in international trade may ease the pressure on foreign exchange reserves and help overcome the current crisis, said the chief of a leading chamber yesterday.

Profits of most multinational companies listed in Bangladesh dropped in the first half of 2022 due to the depreciation of the local currency and higher consumer prices. 

Shares on the Dhaka Stock Exchange leapt yesterday largely owing to the re-introduction of floor prices that prevented securities from falling below last week’s average.  

Tanmi Haque has been appointed as the country head of retail banking at HSBC Bangladesh. 

Maintaining good governance in the domestic stock market is an impossible task for any individual and so, the whole environment should be one of cooperation, said Shibli Rubayat Ul Islam, chairman of Bangladesh Securities and Exchange Commission, yesterday.

A separate authority should be established to approve the structural design to ensure building safety, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

Prime Minister’s Private Industry and Investment Adviser Salman F Rahman has emphasized on diversification of exports and reducing imports to stabilize the currency's depreciating trend.

Shares on the Dhaka Stock Exchange leapt today largely owing to the re-introduction of floor prices that prevented securities from falling below last week’s average.

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

The Dhaka Stock Exchange (DSE) opened higher today, the first trading day of the week.

Unlike previous years, guava farmers in four unions of the Pirojpur and Jhalakathi upazilas are unconcerned about getting the expected prices for their produce as the time needed to make shipments has decreased substantially thanks to the opening of Padma Bridge.

Bangladesh observed a prohibitive current account deficit of $17.1 billion in the last fiscal year of 2021-22. It, however, averaged $0.32 billion annually over the 12-year period from 2009 to 2021.  

Abdul Hakim, a businessman from Kaliakair upazila of Gazipur district, had paid in advance for several products from Evercare Agro Food and Beverage Ltd in January but upon receiving the goods, he immediately informed the company that they were damaged.

The Chattogram Port Authority (CPA) is very confident about the port facilities being compliant with international regulations ahead of a scheduled annual visit by the US Coast Guard this week despite its ongoing struggle to handle a number of abandoned import containers with dangerous cargo.

About three crore people of Bangladesh, aged 18 or above, don’t own a mobile phone and 6.5 crore don’t use internet, according to the new population census, highlighting the non-affordability of connecting devices and elusive digital inclusion for many. 

The import of basic raw materials used to produce garment items in Bangladesh surged in the first six months of 2022 on the back of a rise in demand in the export markets, even contributing to the dollar crisis in the country. 

Think Big Solutions, a local fintech company, will launch today a digital platform on factoring to provide financing solutions to small and medium enterprises (SMEs).

Turkey’s tourism revenues nearly tripled in the second quarter while first-half foreign visitor numbers surged close to 2019 levels, data showed on Friday, recovering from a coronavirus-driven slump and bringing in badly-needed foreign currency.

The port’s effort to keep trading on even amid pandemic in the last fiscal year has helped log the export growth, said Abdul Jalil, deputy director for administration of the Benapole Port.

Bangladesh may bag lower rice output this season, which begins with Boro paddy in winter, as heavy rainfall and flash floods in June have damaged the Aush crops to be harvested next month, according to a recent forecast by the US Department of Agriculture (USDA).