Investments
Govt to import another 50,000 tonnes of rice from India
The interim government will import another 50,000 tonnes of rice from India to increase the country’s food stocks..Finance Adviser Salehuddin Ahmed approved a proposal in this regard at a meeting of a government advisory committee on purchase at Bangladesh Secretariat yesterday..The
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
Stocks rise marginally after 3-day fall
Major indexes of the stock markets in Bangladesh rose marginally yesterday, snapping a three-day losing streak, as investors cautiously traded shares amidst intense political and economic uncertainties..Recent news over the downgrading of the country’s sovereign rating by Moody’s and the b
Steelmakers call for speeding up infrastructure projects
Steelmakers in Bangladesh have placed a five-point demand to the interim government, which includes accelerating infrastructure development projects, to address ongoing challenges in the industry..“The government needs to intensify its development efforts to resolve the economic crisis tha
Remove barriers to pipe and tube-well industry
Young entrepreneurs in the pipe and tube-well industry of Bangladesh have urged the interim government to address bottlenecks that are hindering their investments and operations..They made this plea at a “views exchange for facilitating business among youths”, organised by the Bangladesh P
Salt farmers depressed by low prices
The cracked and barren fields around the Chowfaldandi village in Cox's Bazar suggest that the season for salt cultivation has arrived. However, disheartened by low market prices of the daily essential, very few farmers are preparing their land for that purpose..According to farmers, prices
Stocks fall after two-day rise
Major indices of the stock market in Bangladesh fell yesterday, snapping a two-day gaining streak as investors cautiously traded select shares to pocket short-term gains amid price fluctuations resulting from earnings disclosures by listed companies..The DSEX, which reflects the cumulative
Trump’s high tariffs on China may lower edible oil prices globally: importers
The Trump Administration’s imposition of high tariffs on goods made in China may help to reduce the price of soybean seeds and edible oil in Bangladesh, traders and importers said..China’s retaliatory tariffs may also discourage Chinese importers from buying US goods, they added. .If
Freeze accounts of NRBC Bank chairman
Banks have been asked to freeze all personal and private company accounts of three top former and current officials of NRBC Bank
Major portion of plastic waste not recycled
A major portion of plastic waste ends up in landfills and a substantial amount pollutes the marine environment every year instead of being recycled, according to experts..“About 293,825 tonnes of plastic waste are recycled per year,” said Ferdaus Ara Begum, chief executive officer of Busin
Renata’s profit falls 42% despite higher sales in Q1
Increased spending on raw material, manpower caused the fall
Up to Tk 50 fee imposed on online tax payments
The fee will be Tk 20 for payments of up to Tk 25,000 and Tk 50 for up to Tk 50,000
Deal with Japan can boost trade
The signing of an economic partnership agreement (EPA) between Bangladesh and Japan will increase bilateral trade and open a new door of opportunities for the South Asian country, Commerce Adviser Sk Bashir Uddin said yesterday.
State sugar mills aim to boost annual output by 45%
State sugar mills are set to start the crushing of sugarcane from the middle of this month, with a target of increasing production by 45 percent year-on-year in the current fiscal year of 2024-25..Nine state sugar mills under the Bangladesh Sugar and Food Industries Corporation (BSFIC) tar
Stocks fall on poor performance of large companies
Indexes of the stock market in Bangladesh declined yesterday on rising the day before, largely due to the poor performance of Islami Bank Bangladesh along with the large-cap and blue-chip shares amid sales pressures..Large-cap refers to shares which account for large amounts in market capi
Banglalink launches AI-powered lifestyle pack RYZE
Banglalink has launched a new digital lifestyle prepaid package, styled “RYZE”, aimed at empowering young users with a dynamic digital experience..Aligning with the government’s vision to support youth through upskilling opportunities, the new pack provides AI-powered productivity tools fo
Gold to be Tk 2,520 cheaper from tomorrow
Each bhori of 22-carat gold will be Tk Tk 136,188 from November 13
Chic Wings (BD) Lingerie to invest $18 million in Bepza Economic Zone
The Sino-Singapore firm will set up a garment manufacturing factory