The stock market index continued to bleed for a sixth straight day while suffering a big blow yesterday when the key index lost more than 1 per cent for the second consecutive day amid deepening uncertainties over the country’s macroeconomic indicators. 

Industrial unit owners of different sectors have demanded that the government provide them immunity from blackouts or load shedding 

The Directorate of National Consumer Rights Protection (DNCRP) will start monitoring the market from tomorrow to ensure that no trader can sale edible oil at prices higher than the newly reduced rates, which come into effect on July 18.  

The leaders of Bangladesh Textile Mills Association (BTMA) today urged the central bank to extend the time of Usance Paid At Sight (UPAS) LC or deferred LC payment to 360 days from the existing 180 days as the dollar crisis deepens.

Bangladesh Bank today unveiled a Tk 25,000 crore refinance scheme for cottage, micro, small and medium enterprises (CMSMEs).

Only 33 out of the 5,867 complaints filed against controversial e-commerce platform E-orange as of June this year have so far been settled.

The Bangladesh Bank today extended the new borrowing limit for the textile millers and garment makers from the Export Development Fund (EDF) until December 31 this year.

A total of 10,747 complaints have so far been filed against Evaly and only 4,495 were settled as of June this year, according to the DNCRP.

The CASPI, the broader index of the bourse in the port city, closed at 18,066, down 214 points or 1.17 per cent. It gave up 242 points, or 1.3 per cent, on Monday.

The DSEX, the benchmark index of the premier bourse in Bangladesh, lost 63.71 points or 1.02 per cent to close at 6,153, the lowest since May 22 this year.

At 1.30 pm, DSEX, the benchmark index of the Dhaka Stock Exchange, lost 82.57 points or 1.32 per cent to 6,134.31, lowest since June 30 last year.

Like in any other developing country, all public interest projects in Bangladesh are supposed to be well thought out with their ultimate impacts reviewed. However, courtesy of the media, even the state investigation agencies, we mostly don’t get to hear good things about projects being well-researched, the ultimate impact on the target market or group well-thought out, finance being well-managed or done with sincerity of purpose. 

Although tea production has expanded in Bangladesh over the past decade, outbound shipments of the once major export earner have dropped at the same time in the face of growing domestic demand, according to market players.

Garment exporters are demanding the European Union (EU) remove the 7.4 per cent threshold on apparel imports from any given country in the proposed Generalised System of Preferences (GSP) to ensure smooth continuation of exports to the world’s largest trade bloc.

Over a year has passed since government agencies cracked down on several e-commerce platforms for not providing refunds or delivering products of thousands of customers after luring them with hefty discounts. 

Chattogram Customs Bond Commissionerate has suspended the general bond licence of Z&Z Intimates which has recently been accused by customs intelligence of getting an imported Rolls-Royce worth Tk 27 crore released bypassing assessments.  

Bangladesh Bank yesterday substantially relaxed the policy for rescheduling defaulted loans, allowing defaulters to repay term loans over a maximum period of eight years whereas it was previously two years.

The jitters surrounding the state of the economy are reverberating on the stock market, with the key index dropping for the fifth day in a row.

Bangladesh lost up to 1.1 per cent of its gross domestic product (GDP) between 2016 and 2020 because of natural disasters such as floods, cyclones and salinity, and much of these losses could be reduced by providing insurance to the underserved population and protecting vulnerable communities.

The Bangladesh Bank today relaxed the policy for loan rescheduling of defaulted loans grossly, as the defaulters will now get a maximum of eight years to repay term loans instead of the previous two years.