Local airlines will have to face a severe blow losing their competitiveness globally due to an unprecedented hike in the price of jet fuel in the domestic market in one go. 

Big and green apparel factories are content bagging a constant stream of work orders but small, medium and subcontracting units are suffering amidst volatility in the global garment supply chain stemming from the Russia-Ukraine war.

IHG Hotels & Resorts, a British multinational hospitality company that runs its worldwide business in the name of InterContinental Hotels Group PSL, has signed an agreement with Doreen Hotels & Resorts in a bid to open Crowne Plaza Dhaka Gulshan in Bangladesh by the end of 2022.

Eastern Bank Ltd (EBL) was yet again named Bangladesh’s Best Bank by Euromoney, a UK-based monthly magazine focused on business and finance, in its Awards for Excellence 2022 for its timely intra-banking model.

The government has given go-ahead to 47 companies to import 73,000 tonnes of rice as part of its ongoing effort to contain food prices in the local market.

The smartphone production in the country dropped around 50 per cent month-on-month in May due to rising dollar prices and soaring inflation that led people to tighten their belts.

The government has given go-ahead to 47 companies to import 73,000 tonnes of rice as part of its ongoing effort to contain food prices in the local market.

The World Bank has approved a $500 million credit to help Bangladesh improve disaster preparedness against inland flooding in 14 flood-prone districts benefiting over 1.25 million people.

Zinc-enriched paddy cultivation is expanding day by day across five districts of the Rangpur division thanks to increased demand for the crop given its immunity-boosting properties. 

Exports of jute and jute goods from Bangladesh declined in the last fiscal year due to the unprecedented surge in shipping costs and the higher price of raw fibres.

The central bank yesterday beefed up its efforts to increase the supply of US dollars as the foreign exchange market of Bangladesh is facing acute shortages of American greenback amid the yawning gap between imports and exports.   

Shares of small capital-based companies surged abnormally on the Dhaka Stock Exchange (DSE) in the past month whereas the benchmark index of the premier bourse of Bangladesh, as well as blue-chip securities, has been in a bearish mood. 

Bangladesh Commerce Bank recently appointed Md Abdul Kader as its deputy managing director.

Turnover of the domestic stock market plunged to under Tk 600 crore for the first time in about two months as investors are shaky about pouring in their funds amid the recent economic uncertainty, according to analysts.

When it comes to the Big 4, the corporate trust instincts set in for good reasons but is it time to question if such blind reliance is the best practice always?

Shanta First Income Unit Fund has announced a 10 per cent, or Tk 1 per unit, dividend for the fiscal year that ended on June 30, 2022.

The Bangladesh Bank has allowed, for the first time, the domestic banks to borrow from their offshore banking operations, to settle the import payments of capital machinery, industrial raw materials and imports made by the government.

Bangladesh Bank has asked banks to encash 50 per cent of the balance held in exporters’ retention quota (ERQ) accounts immediately and revised downwards the limit.

Stocks at Chattogram bourse dropped for the third consecutive day today while turnover of the market also fell.

Turnover of the Dhaka Stock Exchange (DSE) plunged under the Tk 600-crore mark today after around two months as investors are feeling shaky to pour fund amid tensions over several challenges in economic indicators of the country.