Business

The Commerce Ministry on Sunday approved the import of another five crores of eggs on five conditions. Five companies were asked to import the eggs from India to the country, public relation officer of the ministry Md Hayder Ali confirmed the news to media today. To keep the prices of eggs stable in the market, the government has approved to ...

Speakers at a seminar have underscored the need for a strong ecosystem in Small and Medium Enterprises (SMEs) in a bid to boost the export capacity. They also put emphasis on ensuring technological and financial support, marketing facilities, research and innovation, product diversification and cluster-based infrastructure for the overall development of the sector. They made the remarks at a seminar ...

Bangladesh Bank (BB) on Thursday increased its lending interest rate on a 50-point basis to tame the growing trend of inflation. The Banking Regulations and Policy Department (BRPD) of the central bank issued a circular in this regard on Thursday, reports UNB. The central bank has increased the lending rate of banks by 50 basis points to 10.70 percent from ...

City Bank has once again been named the ‘Leading Partner Bank in Bangladesh’ at the Trade and Supply Chain Finance Program (TSCFP) Awards 2023 organized by Asian Development Bank (ADB). The award came in recognition of City Bank being the most active partner bank measured by the number of trade finance transactions recorded in Bangladesh in collaboration with ADB in ...

The government has approved separate proposals for procuring some 1.10 lakh metric tons of fertilizer, 30,000 metric tons of phosphoric acid and 1.30 crore liters of soybean oil to meet the growing demand of the country. The approvals came from the 33rd meeting of the Cabinet Committee on Government Purchase (CCGP) in this year held on Wednesday virtually with Finance ...

Bangladesh Bank (BB) would have to maintain the net foreign exchange reserves of US$24.46 billion by June this year to qualify for receiving US$4.7 billion of loan from the International Monetary Fund (IMF). It was one of the conditions set by the IMF for receiving loans from the global lending agency. However, on Wednesday, Bangladesh Bank at a meeting told ...

Asian markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer. Despite falling sharply over the last 12 months, US inflation remains stubbornly above the Federal Reserve’s long-term target of two percent, leading most Fed officials to predict last month that ...

Bangladesh made a strong economic recovery from the COVID-19 pandemic and progressed in reducing poverty, says the World Bank in its twice-a-year update. The latest Bangladesh Development Update titled ‘New Frontiers in Poverty Reduction’ released by the World Bank on Tuesday at its premises in the capital. The World Bank said reforms to address inflation, through monetary and fiscal policies, as ...

Bangladesh Energy Regulatory Commission (BERC) has hiked the price of 12 kg LPG (liquefied petroleum gas) cylinder by Tk 79 to Tk 1,363. The new rate will come into effect from 6pm on Monday (October 2). The BERC announced the new prices of 12kg LPG cylinders today in Karwan Bazar’s TCB Bhaban. The price of ‘auto gas’ has also been ...

A total of 12 industrial units in six categories will get ‘Bangabandhu Sheikh Mujib Industrial Award-2022’ for their outstanding contribution in the industrial sector. President Mohammed Shahabuddin will hand over the golden crest, money and certificates to the representatives of the organisations at a function at the Osmani Memorial Auditorium in the city on Tuesday, says a press release. Agriculture ...