Business

Bangladesh’s overall inflation eased slightly to 8.26 per cent in August, down from 8.32 per cent in July, according to the latest data released by the Bangladesh Bureau of Statistics (BBS). The inflation rate declined by 0.06 percentage point month-on-month while it stood at 8.29 per cent in August last year. The decline was mainly driven by lower food inflation, ...

US companies are highly interested in operating in Bangladesh, US Ambassador Brent T Christensen told Commerce Minister Khandakar Abdul Muktadir during a meeting on Monday. To this end, the US envoy called for ensuring a liberal and open competitive opportunities for US businesses in Bangladesh. The bilateral meeting was held at the FBCCI office in the capital, according to press ...

Individual depositors of Sammilito Islami Bank will be able to withdraw the principal amount of their deposits from today (Monday), following a week-long delay in the planned disbursement. The bank began accepting applications on September 1, with the submission window closing on Sunday. Customers were required to apply at their respective branches or sub-branches. The applications were then forwarded to ...

Bangladesh has resolved 48 non-tariff barriers and 13 are under process of solution as the European Union (EU) complained about such barriers earlier in two way trade, Commerce Minister Khandakar Abdul Muktadir said on Sunday. The minister said this at a press conference held at the commerce ministry in Dhaka following a meeting with the officials of the EU delegation ...

India’s foreign exchange reserves (INFXR=ECI), opens new tab climbed to another record high of $740.80 billion in the week to 28 August, central bank data showed on Friday, boosted by heavy inflows from special schemes to attract dollar inflows into the country. India’s FX pile has risen for nine straight weeks, jumping by almost $75 billion during this period, with ...

The Bangladesh Energy Regulatory Commission (BERC) has set new prices for liquefied petroleum gas (LPG) for September. The retail price for a 12-kilogram (kg) LPG cylinder has been reduced to Tk 1,585 from Tk 1,598. The regulator announced the price adjustment on Wednesday (September 2). Under the revised structure, prices for other cylinder sizes have also been refixed: 5.5 kg ...

Bangladesh Bank purchased 50 million US dollars from commercial banks through an auction on Tuesday (September 1) following an increase in dollar supply and falling market prices. This marks the central bank’s first dollar purchase from commercial banks in nearly three and a half months. The central bank bought the greenbacks from four banks at a rate of Tk 122.75 ...

The Asian Development Bank (ADB) has approved a $175 million concessional loan to expand access to reliable and affordable electricity in Bangladesh’s Chattogram Hill Tracts, helping boost livelihoods, improve essential services, and support inclusive development in one of the country’s most remote regions. The Sustainable Energy Development and Community Empowerment in the Chattogram Hill Tracts Project will extend and modernize ...

In order to help the affected firms and restore normalcy in business activities, Bangladesh Bank has further eased its policy regarding the renewal and restructuring of large defaulted loans. According to the new policy, companies or groups holding defaulted loans above Tk 1,000 crore can apply for special facility of renewal considering their special relation with the bank. These can ...

The BNP government has set a target to raise the number of green-certified ship recycling yards in the country to at least 100 from 31, Industries and Commerce Minister Khandakar Abdul Muktadir said on Monday. He noted that currently several more shipbreaking yards are undergoing green certification. Muktadir made the remarks as chief guest at a workshop jointly organised by ...