Sukanta Halder

Sukanta Halder is a staff reporter of The Daily Star, covering insurance, commodity markets, private sector and consumers.

Potato cultivation expands as prices rise

Potato cultivation has increased across Bangladesh as farmers have been getting higher prices year-round amid elevated inflation in the country.

16h ago

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.

1w 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

1w 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.

1w 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

3w ago
May 23, 2024
May 23, 2024

Consumption stays low for two straight years as inflation bites

According to a provisional estimate of the Bangladesh Bureau of Statistics (BBS), consumption of goods and services grew 3.53 percent in 2023-24, up from 2.52 percent in the last fiscal year.

May 22, 2024
May 22, 2024

21 life insurers failing to comply with securities investment rule

Twenty-one life insurance companies in Bangladesh have failed to comply with the rule that makes it mandatory for them to invest 30 percent of their assets in government securities, the regulator has found.

May 22, 2024
May 22, 2024

Administrator appointed at Swadesh Islami Life

The Insurance Development and Regulatory Authority (IDRA) has appointed Sk Md Rezaul Islam, former additional secretary of the Ministry of Chittagong Hill Tracts Affairs, as administrator of Swadesh Islami Life Insurance Company with immediate effect.

May 21, 2024
May 21, 2024

Administrator appointed for Swadesh Islami Life Insurance

Sk Md Rezaul Islam, former additional secretary, will be the new administrator with immediate effect

May 19, 2024
May 19, 2024

Eastern Insurance fined Tk 5 lakh

The Insurance Development and Regulatory Authority (IDRA) has fined Eastern Insurance Company Tk 5 lakh for not having the minimum investment required in government securities as per the Insurance Act 2010.

May 15, 2024
May 15, 2024

Steel consumption to increase 25% by 2027: study

Steel consumption in Bangladesh is projected to rise by 25 percent to around 1.06 crore tonnes in 2027 from 85 lakh tonnes in 2024 thanks to growing infrastructure development projects and individual consumption, according to Bigmint.

May 11, 2024
May 11, 2024

Retailers, brands flock to Uttara

The consumer market in Uttara, a planned suburb in Dhaka city, has witnessed steady growth over the years, prompting many retailers and brands to expand their operations in the area.

May 11, 2024
May 11, 2024

Uttara: A city within a city

Before the 90s, Uttara offered little aside from open fields of green and waterlogged land.

May 8, 2024
May 8, 2024

No commission or service fee for claim settlement

Insurance companies in Bangladesh will no longer be able to charge policyholders for commissions or service fees while settling claims, according to the “Insurance Claims Management Guideline 2024”.

May 8, 2024
May 8, 2024

New entity wants to enter saturated insurance market

At present, there are 36 life and 46 non-life insurance companies in Bangladesh, which stands in stark contrast to just 24 life insurance companies in India, 10 in Pakistan, and 16 in Sri Lanka.