Agriculture insurance still elusive
Cyclone Sitrang is over and the weather is forecast to be sunny today. But for thousands of people in Bangladesh, including farmers, it is rather gloomy.
27 October 2022, 02:10 AM
Cyclone Sitrang damages Aman crops, fish farms
Cyclone Sitrang has affected 33,000 hectares of transplanted Aman paddy crop and washed away fish and shrimps mainly in the southern coastal districts, officials said yesterday.
26 October 2022, 02:10 AM
Wages growth consistently stays below inflation
Growth of monthly wages of workers has consistently remained below the inflation rate, or spiral in the prices of goods and services, worsening conditions of their families.
25 October 2022, 02:50 AM
Liquidity stress major concern for banks
The ongoing liquidity stress has become a major concern for Bangladesh’s banking sector as people hardly park funds with lenders due to higher consumer prices, which have turned the return on deposits negative, said a top banker.
24 October 2022, 02:40 AM
Inflation, war eating away food gains
Bangladesh made gains in food production and ensured the availability of rice in recent years. But surging inflation, erratic weather, and the Russia-Ukraine war affected the availability of cereals and reduced low-income people’s access to food this year.
16 October 2022, 02:00 AM
Shipbreaking slumps by half amid lower imports
Scrap vessel imports slumped by half in the first nine months of the year as Bangladesh Bank is discouraging lenders from opening letters of credit to curb the depletion of forex reserves amid the soaring cost of the US dollar.
12 October 2022, 04:00 AM
Wheat flour price soars to record high
Bangladeshi consumers are paying the highest ever prices to buy wheat flour as supply and private stocks of the grain slumped in the domestic market in the wake of a dip in imports since the beginning of the Russia-Ukraine war.
5 October 2022, 18:00 PM
Bangladesh–an oasis of growth
Bangladesh is currently weathering a period of heightened external pressure and economic headwinds like it has done since the outbreak of the coronavirus pandemic and kept growing, said a top official of a multinational bank.
4 October 2022, 03:20 AM
September brings no cheer for economy
The economy of Bangladesh has continued to suffer from foreign exchange-related stress as both exports and remittances declined in September whereas import payments were almost unchanged.
3 October 2022, 03:00 AM
Tax collection from interest earnings slows sharply
Although banks are registering increased deposits, tax collection from interest earnings of savers has slowed down significantly amid the fall of the interest rate.
2 October 2022, 02:50 AM
EPZs make history in export, investment, jobs
Bangladesh’s export processing zones (EPZs) passed a spectacular period last fiscal year.
21 September 2022, 02:30 AM
First marine fishing policy looks to spur mariculture
For the first time, the government has framed a separate policy for marine fishing in order to ensure sustainable fishing and conserve the resources through proper management, according to a notification from the fisheries and livestock ministry.
16 September 2022, 03:15 AM
Floating exchange rate takes effect, finally
Bangladesh has finally embraced a floating exchange rate as the central bank adjusted its interbank foreign exchange rate yesterday in line with market realities.
14 September 2022, 02:10 AM
Coal import fuels Payra port activities
Trade activities at Payra port, the country’s third largest seaport, are increasing gradually riding on coal imports for the nearby Payra 1320 MW Thermal Power Plant.
13 September 2022, 03:10 AM
Banks finally fix uniform rates for dollar
Banks yesterday fixed the buying and selling rates of the US dollar in order to contain the volatility in the foreign exchange market resulting from higher imports than export and remittances earnings.
11 September 2022, 05:00 AM
South Asia, Bangladesh talent factory
Unilever is operating in the South Asian markets of Sri Lanka, Pakistan, Bangladesh, India, and Nepal. And each of the markets, including Bangladesh, has talents who are very attractive.
11 September 2022, 03:10 AM
India’s export duty hike: Domestic rice market unlikely to be affected
India’s imposition of 20 percent duty on rice export is unlikely to affect prices of the staple in Bangladesh, according to local traders.
9 September 2022, 18:00 PM
Demise of an erudite soul
Former adviser to caretaker government Akbar Ali Khan breathed his last yesterday, leaving behind the gift of his wisdom on issues ranging from economics to literature.
8 September 2022, 18:00 PM
Local firms gain ground in making lights
Bangladesh’s entrepreneurs have made a lot of advancements in building their capacity to make lighting products and accessories for residential and industrial use.
7 September 2022, 02:15 AM
Toyota recalls cars to replace faulty airbags
Toyota Bangladesh has recalled some models of cars for replacing the inflator for the passenger airbags free of charge, according to a notice issued yesterday.
6 September 2022, 18:00 PM