India lifts ban on onion export amid polls in Maharashtra
India yesterday removed the ban on onion exports subject to a minimum export price of $550 per tonne, a decision that can help boost the income of a large section of farmers and comes amidst Lok Sabha polls in key producing regions, including the state of Maharashtra.
1d ago
AC technicians facing backlog of installation, repair orders
Ferdous Hasan, who lives in the Motijheel area of Dhaka, recently purchased an air conditioner (AC) in a bid to find some respite from the ongoing heatwave sweeping across Bangladesh. However, he has been left frustrated by a prolonged delay in installation.
3d ago
Potato price surges during peak season
Potatoes are at least 50 percent costlier than a year ago owing to lower production, tight supply, and the profiteering tendency among a section of people in the supply chain, dealing a blow to the consumers already reeling under higher inflation.
1w ago
Poultry farmers in a bind as chickens succumb to heatwave
Sumon Howlader, president of the Bangladesh Poultry Association (BPA), claimed that marginal farmers have suffered losses totalling around Tk 200 crore in the past 10 days due to the effects of the heatwave.
1w ago
Is commodity market competitive? Experts have different views
Syndication has become a buzzword among consumers in Bangladesh, particularly in relation to the abnormal price hike of essential commodities over the past several years.
1w ago
Administrator appointed for Sonali Life Insurance
Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson
2w ago
Fair showcases commercial viability of exotic livestock
Ending last Friday, the fair showcased over 3,000 animals and birds, many of which were also on sale
2w ago
Padma Islami served show cause notice over Tk 211cr unsettled claims
The Insurance Development and Regulatory Authority (IDRA) has given Padma Islami Life Insurance five working days to explain why they should not be penalised for failing to settle claims amounting to Tk 211.82 crore last year.
2w ago
March 18, 2024
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.
March 16, 2024
Does SO system impact prices of essentials?
Some think that the existing supply order (SO) system is one of the reasons for the spike in the prices of essential goods such as sugar and edible oil simply because prices increase each time the document changes hands.
March 16, 2024
Secrets of an informal commodity exchange
The narrow streets of Old Dhaka’s Moulvibazar hum with activity: commodity trading. On mobile phones, wholesalers fervently follow prices on trading floors in Chicago and London to bet on the local prices of sugar and edible oil. In and around tea stalls in this gloomy corner of Dhaka, even idle chats are centred around the price movement on the London Commodity Exchange, the Chicago Board of Trade, and the Bursa Malaysia.
March 14, 2024
The life insurance products that are most popular in Bangladesh
Endowment is the most popular life insurance plan in Bangladesh as it offers a life cover and fixed returns
March 12, 2024
End extortion to curb Ramadan price hikes
Traders have urged the government to put an end to extortion during the transportation and sales of essential goods for the greater interest of consumers during Ramadan.
March 10, 2024
26 lakh insurance policies discontinued in 14 years
More than 26 lakh insurance policies have lapsed in Bangladesh in the last 14 years owing to a raft of factors including the worsening of financial health of clients, a lack of awareness among them, and agents’ tendency not to explain product features properly while selling them.
March 7, 2024
Sugar prices edge up as traders tighten supply
Sugar prices have gone up at both the wholesale and retail levels amid hoarding by traders on speculation of reduced supply after the fire incident at S Alam Refinery, one of the largest raw sugar importers and refiners in Bangladesh.
March 6, 2024
Bailey Road fire ruins appetite for dining out
The Mughal Empire restaurant in Mohammadpur of Dhaka wore a quiet look at 7:30pm Monday, normally a peak time. With only four people at one corner eating biryani, it is a stark contrast to the usual gathering of 25-30 people.
March 3, 2024
Insurance claim settlement rises in 2023
The claim settlement rate in the insurance sector of Bangladesh has risen by more than four percentage points within the span of a single year although the ratio has remained far below the global average.
March 1, 2024
Insurance premium growth slows
Insurance premium growth decelerated in 2023 as people’s purchasing power eroded amid higher inflationary pressure, despite the sector’s immense potential in a country that has one of the lowest penetration rates in the world.
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