China  “firmly” opposes a new trade initiative between Taiwan and the United States, the Commerce Ministry said on Thursday, a plan the government in Taipei says is a recognition of the key position the island plays in global supply chains.

Stocks and turnover rose at Dhaka Stock Exchange (DSE) yesterday as general investors’ confidence grew with a recent decision of the stock market regulator to prevent stocks from dropping by over 2 per cent in a day. 

Tea export from Bangladesh has not increased keeping pace with the use and production of tea in the country, Commerce Minister Tipu Munshi said today.

Participating banks will be able to disburse loans of Tk 500 to Tk 50,000 to individual customers with up to 9 per cent interest under the scheme.

“The highest amount of rice was produced in the previous season. The country should get benefit of it now,” said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

Singer Bangladesh has signed an agreement with Bangladesh Special Economic Zone (BSEZ) in Narayanganj’s Rupganj to take 35 acres of land on lease to establish new manufacturing complex.

The prime index of the Dhaka bourse along with its turnover rose today riding on the increased confidence of the general investors thanks to the stock market regulator’s recent move to stop the free fall of share prices.

Shares on the Dhaka Stock Exchange (DSE) rose today building on the gains in the last few trading sessions.

Paddy farmers in the Chalan Beel region of Rajshahi, Pabna, Sirajganj and Natore are concerned about whether they can achieve their expected yields this year as early floods have badly damaged their crops in the vast wetland.

In the last two years, many expected that the budget would be framed keeping three perspectives in mind: economic aspect concerning people’s lives and livelihoods; ethical aspect regarding legalising black money at a substantially reduced rate of tax, without any question and penalty; and the need for thinking out of the box of a conventional annual budget.

Powdered milk prices have increased by Tk 50 to Tk 80 per kilogramme (kg) as rising transportation charges and the growing value of US dollars pushed up costs in the international market.

Exporters of all sectors will likely get corporate tax rates equal to that of garment exporters from the next fiscal year, said officials of the finance ministry, which plans to encourage the diversification of Bangladesh’s export basket by affording this benefit.

In spite of the injection of $130 million into the market by Bangladesh Bank, volatility persisted in the foreign exchange market yesterday.

Remittance flows to Bangladesh declined 13.15 per cent year-on-year in May as higher rates of US dollars in the informal markets are prompting many migrant workers to shun formal channels, creating additional pressure on the country’s already heated foreign exchange market.

Bank chairmen along with the heads of executive, audit and risk management committees who hold directorships of associated subsidiaries or foundations will be able to continue to serve in the latter role till June next year, said Bangladesh Bank yesterday. 

Stocks continued to rise yesterday for the fourth consecutive trading day. 

IFIC Bank has received regulatory approval to raise Tk 500 crore through the issuance of unsecured, non-convertible bonds. 

The government has formulated a “Charcoal Policy, 2022” to establish an eco-friendly, sustainable and export-oriented charcoal industry of international standard. 

Bhutan wants Bangladesh to make 2017’s transit route deal functional soon so that the landlocked country can use Mongla and Banglabandha ports to carry goods from and to Bangladesh through India.

Fitch Solutions Group Ltd, an affiliate of Fitch Ratings, has cut Bangladesh’s growth forecast to 6.5 per cent for the next fiscal year owing to the multiple challenges facing the economy for the Russia-Ukraine war and higher commodity prices.