Farmers face moderate to severe food insecurity: BBS

One in every four households, or 26.13 percent, that rely on agriculture for their income face food insecurity

Palestinian unemployment rate seen spiking to over 50% amid Gaza conflict, ILO says

If the conflict continues until end-March then the unemployment rate will soar to 57 percent, ILO said.

Robi shares fall after floor price removal, market plunges 

Shares of Robi Axiata Ltd declined 10 percent in the morning session after the regulator lifted the floor price restrictions on the stock

Drug sales grow at slowest pace in five years

Experts and industry people blame higher inflationary pressure confronting a larger section of the population, especially low-income households, since May 2022, for the slower growth since their purchasing power has eroded significantly.

Bank of Japan scraps negative interest rate

In its first increase in 17 years, the Bank of Japan said it was lifting its short-term policy rate from -0.1 percent to between zero and 0.1 percent.

Bangladesh’s exports to keep boosting economic growth: BMI

Bangladesh’s exports will continue to contribute to its economic growth in the short term although high inflation, a weaker taka, and restrictions on imports will weigh down consumption and private investment, according to a new report

US trade body urges govt to end detention of RMG workers

Before the minimum wage was raised to Tk 12,500 in December, thousands of workers took to the streets to press home their demand for a minimum salary between Tk 23,000 and Tk 25,000.

Exim-Padma Bank merger to take at least 18 months

The planned merger of Shariah-based Exim Bank and struggling Padma Bank is likely to take between 18 months to two-and-a-half years to complete, according to central bank officials.

Key stock index drops to 35-month low

The prime index of Dhaka Stock Exchange (DSE) fell for a seventh consecutive trading day yesterday to close at a 35-month low amidst sparse participation of investors

Economy

Economy

Competitive prices propelling plastic exports

Plastic product exports from Bangladesh grew 17 percent year-on-year to $162 million in the first eight months of the current fiscal year as the country ensured supply at competitive prices and even discovered new markets despite the global economic downturn.

5h ago

Bancassurance: a win-win solution for Bangladesh

With a gross domestic product growth rate of nearly 5.8 percent in 2023, Bangladesh is one of the fastest-growing economies in the world. Driving Bangladesh’s prospects is our extremely active domestic consumer market, which accounts for nearly 70 percent of GDP and is rapidly expanding on the back of a growing middle and affluent class. Fuelling this growth is a digital economy that is also expanding rapidly.

8h ago

Pragoti to assemble and sell Kia sedan by this year

It signs deal with representative of Kia Corporation

16h ago

Banks can't impose any fine on supervision charges: BB

New guideline on supervision charge issued

18h ago

‘Govt agencies extorting restaurants in the name of raids’

The Bangladesh Restaurant Owners' Association (BROA) claims

19h ago

India to source onion from domestic market to export to Bangladesh

India’s National Cooperative Export Ltd will purchase 1,650 tonnes at Rs 29 a kg

21h ago

Exim Bank, Padma sign MoU for merger

The MoU will open the process of merger

1d ago

Red tape delays construction of second economic zone in Rangpur

Planned industrial development remains elusive in Rangpur as construction of a second economic zone in the northern district of Bangladesh has been barred by red tape for 16 years now. Besides, the existing industrial enclave of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in the region has fallen into disrepair, forcing entrepreneurs to search elsewhere to set up shops.

1d ago
Global Economy

Global Economy

Analysis / A year on from Credit Suisse's rescue, banks remain vulnerable

The Swiss government-sponsored rescue of Credit Suisse and US bank salvages in March 2023 doused the immediate fires kindled by a run at little-known US regional lender Silicon Valley Bank

1d ago

US probing Adani Group and founder over potential bribery

Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project

2d ago

Bangladesh lags behind peer nations in ICT development

International Telecommunication Union (ITU) releases ICT Development Index 2023

2d ago

Analysis / Cars are moving into the fast lane for Tata

Cars used to be a top headache for the chair of the Indian salt-to-hotels conglomerate but the latest plan to separate the company's commercial vehicles and its passenger vehicles into two listed entities signals confidence in an important turnaround

2d ago

Crisis-hit Sri Lankan economy rebounds as tourists return

Number of tourists visiting jumped to 210,000 in December, it was 91,900 a year earlier

3d ago

Nissan, Honda explore partnership in electric vehicles

Analysts said the move was aimed at catching up with Chinese competitors who have stolen a march in EVs while Japanese firms have lost ground by focusing more on hybrid vehicles

3d ago

Bangladesh's RMG exports via Delhi airport upset Indian apparel makers

Garments from Bangladesh have been a key driver behind the surge in export cargo trans-shipment at the Delhi International Airport Limited (DIAL) in the last one year but the development has upset Indian apparel suppliers..On February 7 last year, India allowed DIAL to serve as a cargo tra

4d ago

Renata gets nod to raise Tk 350 crore

Shares of the listed drug maker dropped 1.17 percent yesterday from that on the day before to Tk 877

4d ago
Organisation News

Organisation News

Pepperoni Ltd, TAP ink deal on payment collection

Pepperoni Ltd, a concern of Fair Group, and TAP, a concern of Trust Bank, recently signed an agreement on payment collection. 

1d ago

AAMCMF leaders meet state minister for commerce

The leaders of the Association of Asset Management Companies and Mutual Funds (AAMCMF), led by its president Hasan Imam, had a meeting with State Minister for Commerce Ahasanul Islam Titu at his office in Dhaka last week.

2d ago

Peyala café opens new branch in Singapore

Peyala, a favourite cafe in the capital, has opened its first overseas branch in Singapore

2d ago

Howlader Maria & Co opens office in Banani

Howlader Maria & Co (HmAC), a chartered accountancy firm in Bangladesh, has opened their office in Banani, Dhaka.

4d ago

Labaid reaches milestone of 12,000 heart surgeries

Labaid Cardiac Hospital recently touched the milestone of 12,000 successful heart surgeries.

4d ago

B2 opens fifth outlet in Mymensingh

B2, a fashion house in Bangladesh, recently opened its fifth outlet, located in Mymensingh.

4d ago

Bangladesh, Netherlands amend taxation deal

Bangladesh yesterday amended an agreement with the Netherlands on avoidance of double taxation and revenue evasion, according to a press release issued by the finance ministry.

6d ago

Saco Watch Company launches ‘Bell and Ross’ in Bangladesh

The Saco Watch Company recently launched a showroom at Jamuna Future Park in Dhaka, which will feature watches offered by French brand ‘Bell and Ross’.

6d ago
Business Multimedia

Business Multimedia

Potato price shoots up

The price of potatoes has begun an upward climb in the market

92 thousand crores or more siphoned out in 15 years?

Based on the compilation of media reports on bank scams between 2008 and 2023, CPD said as much as 92 thousand crores of taka have been siphoned out of the banking sector in the last fifteen years

Is Bangladesh going towards a deep economic crisis?

How can Bangladesh avoid the economic crisis to deepen further?

Who will benefit from WTO's duty benefit extension?

What are WTO’s duty-free benefits?

How can Bangladesh resolve economic, political problems?

Why is Bangladesh facing economic problems? Why did the country fail to follow the IMF's loan conditions? What are the remedies?

NCC Bank, ekpay strike deal on cash management solutions

NCC Bank has signed a cash management solutions agreement with “ekpay”, the leading payment processor in Bangladesh.

17h ago

Alliance Finance donates to icddr,b hospital endowment fund

Alliance Finance has made a donation to the International Centre for Diarrheal Disease Research, Bangladesh (iccdr,b) Hospital Endowment Fund (HEF) as part of its corporate social responsibility.

17h ago

StanChart, Apollo Multispeciality Hospitals ink deal on healthcare services

Standard Chartered Bangladesh recently signed a memorandum of understanding (MoU) with Apollo Multispeciality Hospitals, Kolkata.

17h ago

Bank Asia, Bangladesh Bank sign deal on credit guarantee facility

Bank Asia Limited recently signed a participation agreement with Bangladesh Bank under its refinance scheme for a credit guarantee facility to support women entrepreneurs in small enterprises and entrepreneurs in the agro-processing industry.

17h ago

Market closes in red

Shares at Dhaka Stock Exchange (DSE) continued to fall today.

20h ago

Rise of cash recycling machines

This standalone infographic shows the basic difference between CDMs and CRMs and illustrates how the number of CRMs is rising in both rural and urban areas of Bangladesh.

22h ago

Rural deposits fall for first time in five years as inflation bites

Banks in Bangladesh witnessed a sharp decline in deposits in rural areas in the last quarter of 2023, the first fall in five years, data from the central bank showed.

1d ago

Forex market liquidity rising for US dollar inflow

Liquidity in the foreign exchange market is increasing due to a rise in the inflow of US dollars, riding on growing remittance, export earnings and currency swap deals.

1d ago

Teletalk hamstrung by weak power backup

A significant portion of Teletalk's mobile network towers lacks adequate battery backup systems, exacerbating customer frustrations with its unreliable service and contributing to a steady decline in its subscriber base.

1d ago

Fabric sales still slow ahead of Eid

Textile makers in Bangladesh are witnessing slow sales ahead of Eid-ul-Fitr due to factors including a drop in demand for women's salwar-kameez amidst a high living cost and a lack of interest among the affluent class to donate clothes as Zakat to avoid hassle.

1d ago
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