Business

About 2,357 tons of onions were imported through Hili land port in Dinajpur district in a day. Onion is being sold wholesale at Tk 27 to Tk 28 per kg. According to Hili land port sources, the amount of onion import has increased slightly. On Sunday from morning to afternoon, 78 Indian trucks imported 2,357 tons of onion through the ...

Bangladesh’s trade with India in Rupees will start on July 11 alongside the usual transaction method in US dollars as both the countries have completed necessary preparations in this regard. But, under the fresh arrangement, such amount of Indian currency can be utilized to meet the import cost which will be equal to the export income in Rupees, reports BSS. ...

Bangladesh Bank (BB) is moving forward cautiously with optimism to reduce the stress on the economy, which was created by the US dollar crisis and higher inflation. The central bank underscored such observations in a quarterly report on the economy. It said the economy remained under stress from external effects, including rising commodity prices and supply disruptions due to the ...

The International Monetary Fund (IMF) team on Thursday expressed their interest to work on developing government bonds in the secondary market. They expressed the interest while meeting with officials of the Bangladesh Bank (BB) at its headquarters in the city. BB Governor Abdur Rouf Talukder presided over the meeting. After the meeting, BB spokesperson Mezbaul Haque said the IMF and ...

German industrial orders rose significantly in May, official data showed Tuesday, despite concerns that Europe’s largest economy was set for a period of subdued growth. New orders, closely watched as a foretaste of future industrial activity, rose by 6.4 percent in May, federal statistics agency Destatis said. The indicator climbed for the second month in a row, after Destatis revised ...

Bangladesh Bank (BB) has introduced a ‘market-based’ US dollar exchange rate, setting a cap on the maximum rate for H1 of the new fiscal year 2023-24. The central bank is selling dollars to commercial banks at Tk 108.85 per dollar, increasing Tk 2.85 from the previous rate. Through the regulator selling dollars at a market-based rate, the price of dollars ...

Asian markets struggled for direction on Tuesday as investors weighed signs of a slowing US economy against hopes the Federal Reserve’s interest rate hiking cycle could be nearing its end. Data showing a sharp drop in the central bank’s preferred gauge of inflation for May fuelled a rally across equities in New York last week and Asia on Monday. The ...

The Bangladesh Energy Regulatory Commission (BERC) has decided to reduce the price of liquefied petroleum gas (LPG) again. Now, a retail consumer will get each 12kg cylinder at Tk 999 which was Tk 1, 074 (including vat). The price has been reduced by Tk 75.24. Md Nurul Amin, newly appointed chairman of BERC, at a press briefing on Monday at ...

Price of fertilizer has increased by 105% in Bangladesh while sugar’s price by 60%, petrol’s price by 47%, and sanitary pads by 23%, according to a new study conducted by the international humanitarian organization ActionAid. The cost of living in Bangladesh has gone up across multiple parameters, hitting the marginalized communities the hardest, the report said. “Communities are facing multiple ...

Green chilli price shot up to Tk 600 a kg on Friday. The price of green chilli witnessed a hike almost every day in the last seven days. This may be due to a rise in demand on the occasion of Eid-ul-Azha. Visiting several kitchen markets in Dhaka on Friday, this correspondent found that a kilogram of green chili was ...