Business

The overall inflation decreased by 1.17 percent in August compared to last July, according to a report published by the Bangladesh Bureau of Statistics (BBS) on Sunday. According to BBS, the overall inflation was 11.66 percent in July, which declined to 10.49 percent in August. Besides, food inflation declined to 11.36 percent in August, from 14.10 percent in July. However, ...

Macroeconomic adjustments undertaken in recent months and robust economic fundamentals will pave the way for growth to rebound Bangladesh’s economy over the coming year, observed Frederic Neumann, Chief Asia Economist and Co-Head of Global Research Asia of the Hongkong and Shanghai Banking Corporation (HSBC) Limited. “Bangladesh is already well on its way to recovery. Macroeconomic adjustments undertaken in recent months, ...

The average UK house price came close to reaching a record high last month as falling mortgage rates helped to boost confidence among buyers, according to Halifax. The UK’s largest mortgage lender said the average price hit £293,399 in September, just short of the record £293,507 reached in June 2022. Prices have now risen for three months in a row, ...

Bangladesh received inward remittance of US $ 425 million in five days of October, showing an uptrend of $100 million remittance flow year-on-year. According to Bangladesh Bank’s latest update, the expatriates sent $325 million remittance during the same period (October 1-5) in 2023, reports UNB. The expatriates sent inward remittance of $ 6967 million ($6.69 billion) so far in the ...

Trading on the country’s two bourses-Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Sunday witnessed fall as the investors were on a selling spree, especially on major sectors, apparently due to a confidence crisis. The prime index of the Dhaka Stock Exchange (DSE) is decreased by 83.80 points, settling at 5,378.78. The blue-chip index, DS30, which comprises 30 ...

EXIM Bank holds ‘Quarterly Business Development Conference 2024’ at it’s head office in the capital on Saturday (October 05). Chairman of the Bank Md. Nazrul Islam Swapan was present as Chief Guest while Managing Director and CEO Mohammad Feroz Hossain presided over the conference. Members of the Board of Directors of the Bank Md. Nurul Amin Faruk, Independent Director SM ...

Big taxes will be imposed on imports of electric vehicles from China to the EU after the majority of member states backed the plans, reports BBC. The move to introduce tariffs aims to protect the European car industry from being undermined by what EU politicians believe are unfair Chinese-state subsidies on its own cars. Tariffs on electric cars made in ...

Tormuja Khatun’s house in Luton is being consumed by black mould, mushrooms and dry rot after the botched installation of external wall insulation. Her family say they have been warned it could cost more than £100,000 to repair, and describe the situation as a “nightmare”. Mrs Khatun’s case is far from unique. A growing number of MPs are worried about ...

OpenAI, the company behind ChatGPT, secured $6.6 billion in new funding, propelling its valuation to $157 billion and cementing its position as the world leader in artificial intelligence. The landmark investment, one of Silicon Valley’s largest, was announced by OpenAI on Wednesday. Founded in 2015 and led by Sam Altman, OpenAI plans to use the funds to advance its AI ...

The general point-to-point inflation rate eased further in September as it reached 9.92 per cent down from 10.49 per cent in August, 2024. Both food and non-food inflation also saw a falling trend in this tenure. According to the latest data of the Bangladesh Bureau of Statistics (BBS), the food inflation declined to 10.40 per cent in September down from ...