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
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.
August 16, 2024
Power outage hits rural areas
The country, especially the rural areas, is experiencing frequent power cuts over the last couple of days due to insufficient electricity production from coal-based power plants, alongside the prolonged delay in increasing LNG regasification facilities.
August 16, 2024
Rice price rises
Prices of several daily essentials, including rice, soybean oil, and sugar, have surged in the capital’s kitchen markets, causing hardships for the city residents, particularly the lower and middle-income ones.
August 15, 2024
Repairs to metro rail will cost public funds in absence of insurance
Public funds will be used to pay for repairs to Dhaka Metro Rail stations in the capital’s Kazipara and Mirpur-10 areas as the popular mass rapid transit system is uninsured
August 14, 2024
Sonali Life staffers demand IDRA chief's resignation after directors faced fund embezzlement charges
Some 200 officials of Sonali Life Insurance Company, whose former chairman and family members were earlier found to have embezzled at least Tk 187.84 crore, staged a demonstration today bringing corruption allegations against the insurance regulator’s chairman and demanding his resignation
August 12, 2024
Businesses hit by drought of cash supply
Businesses in Bangladesh, especially those that mostly deal with cash transactions, yesterday said they are contending with a liquidity crunch as the country’s central bank has placed a limit on daily cash withdrawals from banks.
August 10, 2024
Shops see a drastic fall in sales
Businesses hope the situation may get better from next week
August 7, 2024
Shop owners on high alert for looting, vandalism
Fearing looting and vandalism amidst the political crisis that culminated in Prime Minister Sheikh Hasina’s resignation following 15 years at the helm of an iron-fisted regime, many shops and malls in the country were closed yesterday, causing huge losses for businesses.
August 6, 2024
Supply chain disruption hits commodity traders and farmers
The risk of violence amidst a political crisis that culminated in the resignation of Prime Minister Sheikh Hasina yesterday disrupted supply chains of essential food commodities, hitting consumers, traders and farmers.
August 5, 2024
Retailers fear immense losses for political crisis
The owners of retail outlets in Bangladesh fear they could incur massive losses due to the ongoing unrest stemming from a student movement seeking the resignation of the government.
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