Economy

Economy

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

2h ago

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

3h ago

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

3h ago

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

3h ago

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.

4h ago

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.

7h ago

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.

14h 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

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

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

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
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