More R&D needed to boost sustainable production: experts

Sustainability has become a mainstream issue for businesses across the globe, so Bangladesh should also invest in researching and developing innovative technology to help local companies embrace it in their core strategies, according to analysts.
10 September 2024, 18:30 PM

Import fertilisers, petrochemicals from Egypt

Egypt wants Bangladesh to import petrochemicals and fertilisers from the Northeast African country, said Omar Mohie Eldin Ahmed Fahmy, ambassador of Egypt to Bangladesh.
10 September 2024, 14:30 PM

Chinese firm to invest $50m in Bepza EZ

China-based Home Joy Socks Bangladesh Company Limited signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) recently to set up a sock and garment manufacturing factory in Bepza Economic Zone with an investment of $50 million.
10 September 2024, 13:45 PM

Edible oil prices rise on global hike: traders

Loose and bottled soybean oil have become costlier in Bangladesh due to price hikes in the global market amid a supply shortage of the key cooking ingredient, according to traders.
9 September 2024, 18:00 PM

YiXin Bangladesh to invest $7.45m in Bepza EZ

YiXin Bangladesh, a Chinese company in Bangladesh, will set up a footwear accessories manufacturing factory in the Bepza Economic Zone with an investment of $7.45 million..The company has set a target to annually produce 10 million pairs of footwear materials. The investment will create em
8 September 2024, 11:36 AM

No limit on cash withdrawals from tomorrow

Bangladesh Bank (BB) has lifted a limit on cash withdrawals from banks in view of overall improvements in law and order.
7 September 2024, 15:21 PM

Bangladesh, Vietnam overtake India in low-cost manufacturing: WB

India’s share in global trade has not kept up with its fast-growing economy, as Vietnam and Bangladesh have surpassed the country as low-cost manufacturing and export hubs, according to a recent report of World Bank (WB)..Despite India’s rapid economic growth, the proportion of trade in go
7 September 2024, 14:50 PM

Market monitoring should protect consumers, producers alike

The interests of both consumers and producers of goods, including essential food commodities, need to be kept in mind during market monitoring, said Salehuddin Ahmed, finance and commerce adviser to the interim government, yesterday..While there will be regular market monitoring to prevent
7 September 2024, 14:25 PM

Key index rises 500 points in a month

The benchmark index of the Dhaka Stock Exchange (DSE), the premier bourse in Bangladesh, rose 500 points in the past month after a change in the political landscape brought on by the ouster of the Awami League government.
6 September 2024, 06:14 AM

Stocks tumble for the third day in a row

Stocks in Bangladesh yesterday maintained their losing streak for the third consecutive day as skittish investors made fresh bets on lucrative blue-chip and large-cap shares to pocket short-term gains amid price fluctuations..Shares of Square Pharmaceuticals, Southeast Bank, Khan Brothers
4 September 2024, 18:00 PM

BB in $450m shady trade with Islami bank to rebuild reserves

In the first week of July, the Bangladesh Bank and Islami Bank Bangladesh completed a US dollar-taka trade, a typical mutual currency deal, which was supposed to replenish the central bank’s dwindling forex reserves and provide the cash-strapped Shariah-based lender with some liquidity support.<
4 September 2024, 16:20 PM

Egg prices rise for supply shortage

The price of eggs, which is one of the most basic sources of protein for many fixed and low-income people in Bangladesh, has increased in local markets over the past week due to a supply shortage..Consumers are already facing a difficult time making ends meet for an increase in the prices
3 September 2024, 15:47 PM

Investit Asset Management launches first mutual fund

Investit Asset Management, a fund manager, has taken an initiative to launch its first open-ended mutual fund named Investit Growth Fund. The signing ceremony of the new mutual fund took place at its office in the capital yesterday..Key officials from both Investit Asset Management and San
2 September 2024, 18:45 PM

Stocks fall after a three-day gaining streak

Major indices of the stock market in Bangladesh fell yesterday, breaking a three-day gaining streak as skittish investors put fresh bets on lucrative shares to pocket short-term gains amidst price fluctuations..The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), dropped 25.66 poin
2 September 2024, 18:00 PM

Hike in airfreight puts vegetable and fruit exporters in trouble

Fresh vegetable and fruit exporters are apprehending a drop in sales of perishables following a hike in cargo freights, particularly by Biman Bangladesh Airlines, last month..Biman, the state carrier, hiked cargo fares in August anywhere from 56 percent to 150 percent depending on the rout
2 September 2024, 16:10 PM

Stocks maintain gaining streak for third straight day

Indexes of the stock market in Bangladesh maintained their gaining streak for a third consecutive day yesterday as investors made fresh bets on blue-chip and large-cap shares, gaining confidence from an increase in the circuit breaker’s lower limit..The circuit breaker in the share market
1 September 2024, 18:00 PM

Now First Security Islami Bank freed from S Alam Group

S Alam Group's control over First Security Islami Bank Ltd (FSIBL) ended today after the Bangladesh Bank reconstituted the board of the Shariah-based bank, which was heavily dominated by individuals linked to the Chattogram-based conglomerate..The central bank dissolved the previous 11-mem
1 September 2024, 15:19 PM

Stocks rise buoyed by circuit breaker reset

Stock markets' indexes in Bangladesh rose for a second consecutive day yesterday as investors made fresh bets on blue-chip and large-cap shares, gaining confidence from an increase in the circuit breaker’s lower limit..The stock market circuit breaker determines the extent to which the pri
29 August 2024, 18:00 PM

Nazrul Islam Mazumder removed from Exim Bank board

BB forms new five-member board for Exim, keeping three shareholder directors unchanged
29 August 2024, 13:32 PM

White paper to focus on mega projects, not all dev projects: Debapriya

The 12-member panel held its first meeting today, the next one on Sep 3
29 August 2024, 12:47 PM