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
Spiralling seed prices shock potato farmers
Dhiraj Roy, a farmer from Maljhar village in Biral upazila of Dinajpur, is reconsidering plans to cultivate early varieties of potatoes on his 50-decimal plot of land as the rising cost of seeds and agricultural inputs is straining his limited budget.."Each kilogramme (kg) of Çhalisa varie
Brokers urge DSE to act as primary regulator
Stockbrokers in Bangladesh have urged the Dhaka Stock Exchange (DSE) to regain its role as the primary authority in allowing initial public offerings (IPOs) and monitoring the country’s share market..This request came at a meeting between leaders of the DSE Brokers Association (DBA), the t
Stocks bounce back after five-day losing streak
The indexes of the Dhaka Stock Exchange (DSE) rose yesterday, snapping a five-day losing streak on the back of the good performance of shares in the blue-chip and large-cap sectors..Shares of Islami Bank Bangladesh, BRAC Bank, Heidelberg Materials Bangladesh PLC, Bangladesh Steel Re-rollin
Financial literacy a must to empower women entrepreneurs
Financial literacy is crucial for empowering women entrepreneurs, according to Farzana Khan, general manager of the SME Foundation.."We must go beyond offering financial products and ensure that women have the skills and knowledge to navigate these services effectively. This will complemen
Pran takes part in SIAL fair in Paris to boost exports
Pran, a leading food processor in Bangladesh, is participating in the SIAL Paris to boost its exports to Europe and North America..The five-day fair of food processors began at the Nord Villepinte Exhibition Centre in Paris on October 19..This year, about 7,500 exhibitors from 130 co
146 creative campaigns honoured with COMMWARD
The 13th Communication Summit, which brings together leading professionals from the creative communication industry, business leaders and brands to explore the future of creative marketing, was held the Le Méridien Dhaka in the capital yesterday..Organised by Bangladesh Brand Forum (BBF) i
Gold price crosses Tk 1.4 lakh per bhori
The price of gold in Bangladesh is set to break all previous records as it will cross Tk 1.4 lakh per bhori (11.66 grams) today, according to a statement by the Bangladesh Jewellers Association (Bajus)..Bajus said it asked its members to follow the new rate from Sunday due to the increased
Key stock index lowest in two and a half months
Stocks in Bangladesh sank to a two-and-a-half-month low yesterday as investors poured their funds only into selective shares to pocket short-term gains amid price fluctuations..The DSEX, the main index of the Dhaka Stock Exchange (DSE), fell by 1.09 percent from the day before to close at
DSE turnover lowest in two and a half months
The turnover of Dhaka Stock Exchange (DSE) yesterday amounted to a two and a half month low of Tk 296 crore as skittish investors dumped their holdings to avert price erosions in their portfolios. The turnover, which is the total value of all the shares traded on the day, was 6.83 percent