Business

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur said the current account, a key component of the country’s balance of payments, is maintaining a virtual balance after four months of the new government led by Nobel Laureate Professor Dr Muhammad Yunus. “There was a deficiency in the balance of payments, our reserve was falling, and our currency was depreciating rapidly. ...

Pay growth has picked up for the first time in more than a year, the latest official figures show. Regular pay grew at a faster-than-expected annual pace of 5.2% between August and October, the Office for National Statistics (ONS) said, with wages continuing to grow faster than prices. Analysts say the latest figures mean the Bank of England will almost ...

Bangladesh Bank has announced a new age limit for entry-level positions in banks, aligning it with the government’s updated age limit for public sector jobs. In a notification issued by Mohammad Shahriar Siddiqui, Director of Bangladesh Bank’s Banking Regulation and Policy Department (BRPD), the central bank has set the maximum age for direct recruitment in government and private banks at ...

The Dhaka Stock Exchange (DSE), the country’s primary capital market, started the week on a positive note, with its benchmark index rising 30.88 points within the first hour of trading on Sunday. Trading data showed that 1.98 crore shares and units were exchanged in 20,417 transactions during this period, generating a turnover of Tk 58.3 crore, reports UNB. Out of ...

Following the withdrawal of customs duty, 3,320 metric tons of rice have been imported from India through Benapole land port in Jashore in 25 days. Rice imports resumed on November 17 after a two-year break, following the government’s decision to lift the customs duty. The last consignment, consisting of 105 metric tons, arrived, in the port at around 10PM on ...

The jewellers have cut gold prices by Tk 1,773 a bhori (11.664g) for the domestic market thanks to a drop in the rates of pure gold in the local market. The new prices will be effective from Monday (December 15). It will remain in effect until further notice, said Bangladesh Jewellers Association (Bajus) press release. The price of each bhori ...

The benchmark index of the stock markets plunged into losing territory last week as investors became anxious about the market’s momentum. The jittery investors continued to offload their shares amid repeated regulatory actions against stock manipulations. Market analysts attribute the recent decline in stock market activity to a combination of factors, including waning investor confidence and heightened uncertainty. This sentiment ...

The UK economy shrank for the second month in a row in October as concerns about the Budget continued to weigh on confidence. Official figures showed a 0.1% drop, despite expectations that the economy would return to growth after a fall in September. The Office for National Statistics (ONS) said that activity had stalled or declined with pubs, restaurants and ...

Oil supply is set to outpace global demand next year even as OPEC+ members extended cuts in efforts to prop up prices, the International Energy Agency said Thursday. Eight members of the alliance, including Saudi Arabia and Russia, agreed earlier this month to maintain supply cuts of 2.2 million barrels per day (bpd) for three more months through March. But ...

The interim government has signed a $100 million loan agreement with the Asian Development Bank (ADB) to support the Bangladesh Infrastructure Finance Fund Limited Project. The project will be implemented by Bangladesh Infrastructure Finance Fund Limited (BIFFL) by 2029 at the initiative of the government’s Finance Division, says a press release from the Economic Relations Division. It said ADB will ...