By re-launching the initiative, the government seeks to increase the flow of money into the economy, although such measures failed to yield any fruitful benefit in the past.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), shed 58.7 points, or 1.09 percent, to close at about 5,312 points, its lowest in 39 months.
Despite their willingness to brave the unprecedented temperatures, many day-labourers are still not finding jobs as most employers have put their projects on hold since they are not getting the optimal output from day labourers.
Bangladesh’s stock market has been going through a bear run for the last two months despite petering out of election-linked uncertainty, signaling that the worries about the macroeconomic challenges are far from over.
Sales continue to surge for lifestyle products, home appliances, electronics, and groceries in anticipation of Eid-ul-Fitr, the biggest religious festival and the pinnacle of business activity in Bangladesh.
Bancassurance will open a new horizon for the insurance industry in Bangladesh as the collaborative arrangement will help insurers expand their coverage at low cost, according to industry people.
Tenants in Dhaka city face house rent hikes in the middle of an inflation fuelled economy
People living in rural Bangladesh have witnessed more erosion in their purchasing power and well-being than the urbanites as the former are paying more for both food and non-food items
Businesses are taking advantage of the increased connectivity offered by Padma Bridge but potential investors of four industrial parks under the Bangladesh Small and Cottage Industries Corporation (BSCIC) are missing out as the projects are yet to be complete.
Mohammad Shabuj Sheikh has cut back on food expenditure, Shibly Ahmed has eliminated all non-essential purchases for his children, and a junior banker has let go of her domestic help.
The recent hike in diesel price increased truck fares by 22-25 percent, leading to rice, vegetables and some essentials to become dearer in the capital.
Eid-ul-Azha is knocking at the doors as Muslims are all set to celebrate the holy festival on July 10.
Bangladesh keeps losing out on tapping its vastly unutilised cattle rawhides as the central effluent treatment plant (CETP) at the Savar Tannery Industrial Estate is not fully ready yet.
The entrepreneurs of local small-and-medium enterprises (SMEs), especially those who are women, are facing different problems and challenges in keeping their businesses alive in the post-Covid situation.
The government has declared an incentive package of Tk 1,000 crore for the tourism industry to help it revive from the brunt of the protracted Covid-induced pandemic and the current uncertainty.
Automobile service providers are passing busy days as people are approaching them to repair their vehicles before travelling back homes or to other destinations to celebrate Eid-ul-Fitr with their loved ones.
Sales centring Pahela Baishakh have picked up as people from all walks of life, buoyed by the improvement in the coronavirus situation, are set to welcome the Bangla New Year in colour and festivity today.
For the last two months, 35-year old security guard Saiful Islam could not send any money to his parents living in a village in Rangpur, one of the poverty-stricken divisions in Bangladesh.