Business

The dip in the overall rate of inflation in the year to November should be the start of a few months of falls. October’s four-decade high now looks to have been the peak. But inflation will remain very high for months to come. Even talk of a moderation in the rate of price rises seems out of kilter with everyday ...

The government has fixed a target to increase the money supply to 16.5 per cent from the existing 15.6 per cent in the next two fiscals, reports UNB. As per a government document, in the 2022-23 fiscal the rate of money supply is at 15.6 per cent. For the next 2023-24 fiscal the government has projected to increase the rate ...

British Minister for Indo-Pacific Anne-Marie Trevelyan has said the UK looks forward to continuing to strengthen their bilateral ties with Bangladesh through trade, investment, and people-to-people links. The British Minister said this during a bilateral meeting with Private Industry and Investment Adviser to Prime Minister Salman F Rahman in London on Monday, reports UNB. Praising Prime Minister Sheikh Hasina’s generous ...

The Parliamentary Standing Committee asked Agriculture Ministry to find out reason behind excess price of rice despite bumper production. Presided over by Matia Chowdhury, the committee made the query at a meeting held at Parliament Complex on Monday. In line with Prime Minister Sheikh Hasina’s guidelines, the ministry has recommended to bring all uncultivated lands under cultivation channel and increase ...

Mobile financial services (MFS) Nagad provider has teamed up with e-commerce platform Daraz to offer cashback of 16 percent instant cashback on bill payment through the online marketplace’s app. On the occasion of the Daraz 12.12 Sale Campaign, Customers can get cashback of up to Tk300 – maximum Tk100 for each transaction – on bill payments through Nagad using Daraz ...

Stellantis, the automaker behind Fiat, Jeep and Dodge has announced to lay off 1,200 workers and shut a key Jeep Cherokee plant in the US in February, as it focuses on investing more in electric vehicles (EVs). Stellantis said that the plant, which produces the Jeep Cherokee SUV, will cease production as of February 28, reports CNBC. “Our industry has ...

Islamic banks have repaid Tk 5.9 billion on Thursday to Bangladesh Bank after the central bank injected Tk 52.47 billion to the Shariah-based entities in three days under liquidity facility. In the first two days, five lenders – Islami Bank, Union Bank, Social Islami Bank, First Security Islami Bank and Global Islami Bank – borrowed Tk 52.47 billion under liquidity ...

Bangladesh Bank on Wednesday disbursed Tk 4,000 crore as liquidity support to five Islami banks to meet ongoing liquidity crisis, sources in the central bank said. Five Islami banks had earlier applied to the Bangladesh Bank, seeking liquidity support. They are Islami Bank Bangladesh Ltd, Union Bank Ltd, Social Islami Bank Ltd, First Security Islami Bank Ltd and Global Islami ...

President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Md. Jashim Uddin has said the private sector is working with the government of Bangladesh to implement environment-friendly industrialization. He made this remark during a roundtable discussion on “Financial and Professional Services – the role of standards and regulations on the road to net zero” at the Commonwealth ...

The EU must address “distortions” created by a $430bn (£349bn) US plan to incentivise climate-friendly technologies, the bloc’s chief says. Some EU members have criticised the US Inflation Reduction Act (IRA), raising fears of a trade war. There are concerns that tax breaks may lure away EU businesses and disadvantage European companies. European Commission President Ursula von der Leyen said ...