Interest rate in inter-bank trade highest in decade
The interest rate on overnight borrowing and lending in the inter-bank call money market hit 8.07 percent by the end of last week, the highest in more than a decade, reflecting a tight liquidity crunch in the banking sector.
18 November 2023, 23:00 PM
1.19cr people faced acute food insecurity in May-Sep: FAO
About 1.19 crore people in Bangladesh experienced high levels of acute food insecurity from May to September this year despite record cereal harvests in 2022 and 2023, said the Food and Agriculture Organisation (FAO) in a report on Friday.
12 November 2023, 01:00 AM
Cotton, yarn imports plunge
Bangladesh’s cotton and yarn imports nosedived in the first nine months of 2023 as falling demand in the global and local markets, erratic gas supply and the US dollar crisis weighed on textile milers.
6 November 2023, 00:53 AM
Export plunges to a 26-month low
Exports earnings fell to $3.76 billion in October, the lowest in 26 months, as shipment of apparel items became the last major victim to the falling global demand as consumers tighten belts amid higher inflation.
3 November 2023, 03:54 AM
Blockade could dent supply chain, economy
The economy, which is already reeling under the pressure owing to persisting volatility in the foreign exchange market and higher inflation, is set to face another major setback as the nationwide blockade could disrupt the smooth operation of the entire supply chain.
31 October 2023, 01:56 AM
Candy, noodles top export items alongside biscuits
Candy, which did not attract the attention of exporters even a decade ago, has become one of the top five items in Bangladesh’s processed food export basket, highlighting the much-needed value-addition brought on by manufacturers.
25 October 2023, 01:00 AM
Shipowners benefitting little from taka depreciation
The devaluation of taka has increased competitiveness of Bangladesh’s oceangoing ships
23 October 2023, 15:31 PM
Rice production hits record high
Rice production in Bangladesh grew for the sixth consecutive year in fiscal year (FY) 2022-23 as farmers expanded cultivation areas of high-yielding varieties (HYV) and hybrid rice in place of local varieties.
16 October 2023, 01:00 AM
Wheat import surges
Wheat imports grew four times in the first quarter of this fiscal year as businesses showed an interest in tapping into reduced international prices of the second most-consumed grain in Bangladesh.
12 October 2023, 02:58 AM
No good news in investment as well
With major indicators showing stress in the economy, there is no good news in the investment flow too as investors now prefer to stay away from taking new projects or expanding their existing capacity.
10 October 2023, 01:00 AM
‘Illicit financial flows must stop’
Mostafa Kamal, chairman and managing director of Meghna Group of Industries, says in an interview
7 October 2023, 14:13 PM
BB raises policy rate at sharpest pace in a decade
Amid criticisms over the delay in squeezing money supply, the Bangladesh Bank yesterday made borrowing costlier as it raised the policy rate by 75 basis points to 7.25 percent to step up its fight against inflation..This is the sharpest pace of rate increase in at least a decade, said a ce
5 October 2023, 00:38 AM
Provident funds to pay 27.5% tax
Companies and organisations will be required to file tax returns on the income generated by employee welfare funds from the current fiscal year and pay a 27.5 percent tax on the earnings.
20 September 2023, 00:00 AM
Powder milk imports dip to 8-year low as consumers tighten belts
Bangladesh’s imports of milk and cream plummeted to 118,000 tonnes in the last fiscal year of 2022-23, the lowest in eight years, after a section of consumers cut consumption of milk-based foods and beverages in a bid to manage costs amid heightened levels of inflation.
11 September 2023, 00:00 AM
Will Bangladesh be affected by India's possible sugar export ban?
Sugar prices have risen globally over the last couple of months
28 August 2023, 15:55 PM
Bangladesh’s rice acreage, production to drop
Land use for rice cultivation in Bangladesh is likely to decline in marketing year (MY) 2023-24, which began on May, forecasted the US Department of Agriculture at the end of last week.
26 August 2023, 18:00 PM
Tariff commission wants zero import duty on onion
The commission writes a letter to the NBR
21 August 2023, 15:35 PM
Summer onion cultivation expands slowly
Bangladesh is registering a slow spike in the cultivation of onions during summer with the government patronising the expansion to reduce high import dependence during the lean season from October to November.
19 August 2023, 18:00 PM
A fifth of banks jump on digital bandwagon to power growth
Nearly a fifth of conventional banks in Bangladesh are preparing to establish digital banks to expand their reach to every nook and cranny of the country, win and retain tech-savvy customers without physical presence.
11 August 2023, 00:00 AM
NRB Bank plans to introduce neo-banking services
NRB Bank is planning and working to onboard digital banking facilities as well as introduce neo-banking services for its customers, according to the top official of the private bank.
5 August 2023, 18:00 PM