Hunt for OMS food grows desperate
In the bustling area of Mirpur-10 in the capital, over 300 people gathered early Monday morning, hoping to buy subsidised essentialsthat serve as a lifeline for low-income families.
3d ago
277 firms allowed to import 14.81 lakh tonnes of rice
The interim government of Bangladesh has allowed 277 private entities to import 14.81 lakh tonnes of rice as it looks to contain domestic prices of the staple grain by increasing stocks..Of the total, 10.65 lakh tonnes will be boiled rice while the rest will be sunned rice, according to do
3d ago
SMEs bear the full brunt of financial hardship
Small and medium enterprises (SMEs) in Bangladesh are struggling due to political uncertainty, high inflation and rising interest rates on bank loans, according to entrepreneurs.
6d ago
Food prices stubbornly high despite govt measures
When prices of widely consumed staples like potatoes, edible oil, sugar or onions spike and remain inflated for extended periods, it understandably hits the poor and low-income people where it hurts the most: in their wallet.
1w ago
Competitive prices lift tea exports to seven-year high
Bangladesh’s tea exports have hit the highest mark in the last seven years as competitive pricing provided an edge over major exporters like India and Sri Lanka.
2w ago
Life insurers mired in irregularities
One-fourth of the life insurance firms in the country are plagued with financial irregularities and mismanagement that have put the entire industry in danger.
2w ago
Potato prices jump as supplies shrink
Consumers in Bangladesh have been paying more for potatoes over the past week, with supplies of the tuber harvested in the previous season running low as the new season approaches..Additionally, the high profiteering tendency among a section of people in the supply chain is dealing a furth
2w ago
AL govt put finance adviser, BB governor in legal trouble
The immediate past Awami League government’s failure to settle an international arbitration claim has left Bangladesh in a legal tangle in the US, leading to a surprise judicial order against two top officials of the interim government during their official visit to Washington last week.
3w ago
September 6, 2024
Foreign banks lead the way in female representation
Nine foreign commercial banks in Bangladesh boast 27.73 percent female representation in their workforce, the highest in the sector, according to a report.
September 3, 2024
Egg prices rise for supply shortage
The price of eggs, which is one of the most basic sources of protein for many fixed and low-income people in Bangladesh, has increased in local markets over the past week due to a supply shortage..Consumers are already facing a difficult time making ends meet for an increase in the prices
September 1, 2024
Entrepreneurs show interest to insure factories against attacks
Businesspeople in Bangladesh are becoming interested in sabotage and terrorism insurance following incidents of arson, looting and vandalism at several industrial establishments across the country, according to various insurers.
August 28, 2024
Workers bear the brunt of politically motivated attacks on businesses
Vandalism and arson attacks on factories since earlier this month have created deep concerns among entrepreneurs and plunged thousands of employees who work in these firms into uncertainty.
August 26, 2024
Rice prices rising despite ample harvests
Rice prices are rising in spite of an ample amount being produced in the just concluded fiscal year, causing hardship for low and fixed-income people who are already struggling to make ends meet amid persistently high inflation.
August 25, 2024
E-commerce refunds worth Tk 127cr stuck in payment gateways
At least Tk 127 crore owed by e-commerce companies to customers as refunds has been stuck in payment gateways since 2021, according to the commerce ministry documents.
August 22, 2024
Gold price hits new heights. Here’s why
Jewellers in Bangladesh have hiked the price of gold ornaments to a historic high in line with rising pure gold prices and growth in the global market, according to industry people.
August 20, 2024
Outbound tourism to India slows to a crawl
Political unrest in Bangladesh since the start of July has been severely affecting India’s inbound tourism industry, according to local outbound tour operators.
August 19, 2024
NRB Islamic Life Insurance: a cautionary tale
NRB Islamic Life Insurance has been mired in irregularities within just three years of its inception. The insurer has spent far more than the permissible limits for management expenses and showed extravagance in car purchases since being formed in 2021.
August 16, 2024
Extortion, a cause of high prices, sets alarm bells ringing
Just a day after a mass uprising toppled Sheikh Hasina’s government on August 5, a group of people, introducing themselves as activists of a major political party, visited an outlet of a leading footwear maker in Rangpur and demanded Tk 5 lakh in return for allowing the showroom to operate.
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