Sukanta Halder

Insurers shall not assist company directors, shareholders, their families or other related individuals in obtaining loans from financial institutions by using company assets as collateral, according to a draft amendment to Insurance Act 2010.

As such, at least a dozen e-ticketing platforms have emerged aiming to capitalise on people’s preference for convenience when availing transport facilities, according to market players.

Sonali Life Insurance Company’s former chairman Mostafa Golam Quddus and his six family member directors have embezzled at least Tk 187.84 crore from the company, an audit has found.

As middle and low-income segments of society struggle against the backdrop of a severe cost-of-living crisis, the surge in aggregate demand ahead of Eid-ul-Fitr poses a further hurdle for many striving to celebrate the festival.

As the darkness of night made way for the first light of day, a rhythmic hum echoed through the tranquil dawn in Jamalpur like a heartbeat.

They face setbacks for Ramadan and fallout from Bailey Road fire

The government has framed rules for tour operators and guides in order to give the key cogs of the tourism industry a formal shape and tap the sector’s potential in Bangladesh.

Traders opened LCs worth $247.26 million in July-January of the current fiscal year of 2023-24, up 25.81 percent year-on-year, central bank data showed.

The rising price level in Bangladesh has left the middle and low-income segments in a severe cost of living crunch, with inflation hovering above 9 percent since March last year.

The number of shoppers has been increasing since Friday, said brands and retailers. But with about 18 days left until Eid, consumers are yet to start buying clothing items in large quantities, they said.

The four are: Sunflower Life Insurance, Progressive Life Insurance Company, Sunlife Insurance Company and Homeland Life Insurance Company

Consumers were not spared even during the fasting month of Ramadan, a time to show self-restraint, even though there have been a lot of promises and drives on the part of the government. Therefore, while devotees perform their religious duty, the escalated prices of essentials have continued to give them hard times.

Textile makers in Bangladesh are witnessing slow sales ahead of Eid-ul-Fitr due to factors including a drop in demand for women's salwar-kameez amidst a high living cost and a lack of interest among the affluent class to donate clothes as Zakat to avoid hassle.

Some think that the existing supply order (SO) system is one of the reasons for the spike in the prices of essential goods such as sugar and edible oil simply because prices increase each time the document changes hands.

The narrow streets of Old Dhaka’s Moulvibazar hum with activity: commodity trading. On mobile phones, wholesalers fervently follow prices on trading floors in Chicago and London to bet on the local prices of sugar and edible oil. In and around tea stalls in this gloomy corner of Dhaka, even idle chats are centred around the price movement on the London Commodity Exchange, the Chicago Board of Trade, and the Bursa Malaysia.

Endowment is the most popular life insurance plan in Bangladesh as it offers a life cover and fixed returns

Traders have urged the government to put an end to extortion during the transportation and sales of essential goods for the greater interest of consumers during Ramadan.

More than 26 lakh insurance policies have lapsed in Bangladesh in the last 14 years owing to a raft of factors including the worsening of financial health of clients, a lack of awareness among them, and agents’ tendency not to explain product features properly while selling them.

Sugar prices have gone up at both the wholesale and retail levels amid hoarding by traders on speculation of reduced supply after the fire incident at S Alam Refinery, one of the largest raw sugar importers and refiners in Bangladesh.

The Mughal Empire restaurant in Mohammadpur of Dhaka wore a quiet look at 7:30pm Monday, normally a peak time. With only four people at one corner eating biryani, it is a stark contrast to the usual gathering of 25-30 people.