Stock prices in the domestic market closed flat yesterday, the last trading session ahead of Eid-ul-Azha, as most investors were in a cautious stance, according to analysts.

United Commercial Bank formed a new board of directors through a meeting at its corporate office on Wednesday.  

Developed nations are having to take tough steps to control record levels of inflation, which is a concern for Bangladesh as it will dampen exports demand to these countries, according to the International Chamber of Commerce-Bangladesh (ICCB).

The government yesterday gave the nod to private sector investments of $1.3 billion in the country’s economic zones. 

Eid-ul-Azha is knocking at the doors as Muslims are all set to celebrate the holy festival on July 10.

Garment exports to Bangladesh’s single largest destination, the USA, rose by 51.57 per cent year-on-year to $9.01 billion in the just concluded fiscal year.

The developed nations are experiencing record inflation in decades and taking tough steps to control spending, which will dampen consumer demand -- a concern for Bangladesh that depends on exports to these countries, said the International Chamber of Commerce-Bangladesh (ICCB).

Stock market closed flat today on the last trading day before the start of the Eid-ul-Azha vacation thanks to higher participation of investors.

The government’s paddy procurement drive is far below its target for this year even though two months have gone by since the process began at the end of April.

Leather, leather goods and footwear exports from Bangladesh reached a 10-year-high in the just concluded fiscal year thanks to the arrival of orders that shifted away from competitors, according to industry players.

The telecom regulator has recently directed International Internet Gateway (IIG) service providers to disconnect bandwidth connections of 286 internet service providers (ISP) for not converting their licences in accordance with guidelines. 

The ongoing strain on Bangladesh’s foreign exchange market and the growing demand for cash ahead of Eid-ul-Azha sent the inter-bank call money rate to at least a six-year high yesterday. 

Shinest Apparels, a Dhaka-based garment factory, sent eight truckloads of export cargo to a private inland container depot (ICD) in Chattogram eight days ago for shipment through the country’s premier port.   

A deepening energy crisis is hitting industries in Bangladesh hard, forcing them to cut production by as much as 50 per cent as escalated import bills have forced the country to lower gas purchase from international sources.  

The customs detectives have seized a Rolls-Royce car worth Tk 27 crore, including import tariff, from a house in Dhaka on allegation of duty evasion and breaching customs rules.

Stocks returned to the red yesterday on rising the day beforeamidst a lot of pressure from sales coupled with a lower participation of stock investors. 

Dhaka Stock Exchange (DSE) has started returning money which stock investors were cheated out of by three brokerage firms -- Tamha Securities, Crest Securities and Banco Securities. 

Exporters of diversified jute products such as food-grade bags, clothes, yarns and twines will receive a 20 per cent export incentive, according to a Bangladesh Bank notice.  

The government has permitted 125 companies to import a total of 246,000 tonnes of rice in order to cool down the domestic market for the staple grain in Bangladesh.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today urged the government to go for rationing of electricity to ensure its stable supply to the industrial units to help them continue production.