Business

Six financially weak banks, grappling with liquidity crises, have reportedly received a total of Tk 1,640 crore in loans by three stronger banks. Sources at the Bangladesh Bank said that this step is aimed at alleviating the liquidity constraints faced by the country’s weaker banks and restoring some stability to their operations. According to the sources, the support came from ...

Bangladesh Railway (BR) authorities have decided to operate special trains on the Dhaka-Cox’s Bazar route for five days from October 23 in response to meet passengers demand. A notification from the chief operating superintendent (eastern zone), of Bangladesh Railway, Chattogram announced that the special trains will depart from Dhaka at 11PM and will reach Cox’s Bazar by 7AM the following ...

Bangladesh’s garment industry suffered an estimated production loss of around $400 million due to the recent workers’ unrest in September and October in Savar, Ashulia, and Gazipur. Besides, some work orders were diverted to competing countries due to concerns over the law and order situation, said Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Khandokar Rafiqul Islam at a press ...

Speakers at a function here have urged the businessmen not to raise the prices of all essentials without logical reasons. Due to natural disasters like floods, there has been a slight increase in the prices of some essential commodities. However, prices have increased abnormally recently, which has caused discomfort to consumers, they said, BSS reports. There is no alternative to ...

Chinese company JIDALAI Co. Ltd. is going to invest US$5.85 million to set up a pullers of zipper manufacturing industry in Adamjee Export Processing Zone (AEPZ). The Chinese company will produce annually 70 million pieces of pullers of zipper where 189 Bangladeshi nationals will get employment opportunity, says a press release Mentionable, JIDALAI Co. is a strategic business partner of ...

UK inflation fell unexpectedly to 1.7% in the year to September, the lowest rate in three-and-a-half years. It means the annual rate prices are rising at is now below the Bank of England’s 2% target, paving the way for further interest rate cuts. Lower airfares and petrol prices were the main drivers behind the surprise slowdown, official figures showed. Separately, ...

Leaders of the edible oil traders today sought waiver of import duty on soybean and palm oils along with all value-added tax (VAT) imposed at the production and business stages to stabilise the edible oil prices in the market. The Bangladesh Vegetable Oil Refiners Association made the proposal during a meeting at the Ministry of Commerce, chaired by Adviser for ...

The World Bank (WB) has observed that bold and timely reforms will help Bangladesh create quality jobs and achieve inclusive growth. Bangladesh’s post-COVID recovery continues to be impacted by high inflation, balance of payments deficit, financial sector vulnerabilities, and increasingly limited job opportunities for its youth, especially women and educated youth, said the multilateral lender in its October issue of ...

The Dhaka Stock Exchange (DSE), Bangladesh’s primary capital market, saw a continued downturn in trading for the second consecutive day on Tuesday. During the first one and a half hours of trading, the majority of companies experienced price declines. Out of 386 companies traded in the early session, shares of 201 companies fell, 93 companies showed gains, and 88 remained ...

The government has decided to start selling of potato, eggs, onion, pointed gourds under Open Market Sale (OMS) in the capital from Tuesday. “For the first time we are going to start selling of perishable items such as potato, egg, onion, pointed gourds at different points in the city to give relief to the fixed income group people,” secretary of ...