Soybean oil imports, both in crude and seed forms, declined marginally in Bangladesh in the current fiscal year as businesses are cautious in buying the raw materials at higher volumes despite surging prices of edible oil locally amid concerns that higher prices would drive down consumption.

Padma Bank yesterday witnessed the appointment of a managing director and chief executive officer for a three-year term.

Banks are having conversations with potential buyers on how to get rid of their exposure to Russian corporate loans, but sanctions fears and pricing uncertainty are limiting trading activity and the ability of buyers to act, several banking sources said.

Russia’s military offensive in Ukraine and the subsequent sanctions imposed on Moscow have affected the commodity prices in Bangladesh to some extent, said Agriculture Minister Muhammad Abdur Razzaque.

The Association of Mobile Telecom Operators of Bangladesh (Amtob) urged the government to withdraw the turnover tax on non-profitable operators and slash corporate tax in the upcoming national budget.

AB Bank recently reappointed Tarique Afzal as its president and managing director for a second term with effect from July 8.

The Dhaka Chamber of Commerce & Industry (DCCI) yesterday urged the revenue administration to cut the corporate tax for listed and non-listed companies by 2.5 percentage points in the next fiscal year (FY) of 2022-23.

The Central Digital Commerce Cell (CDCC) yesterday refunded 30 affected customers of Dalal Plus, Ajker Deal and Anander Bazar for the companies’ failure to deliver purchased goods on time.

The Bangladesh Jewellers Association (BAJUS) is going to host a three-day “Jewellery Expo-2022” from March 17 for the first time.

The hard-rock mined by Maddhapara Granite Mining Company Limited (MGMCL) in Parbatipur upazila of Dinajpur is getting costlier for end-users as dealers are charging higher rates than that of the state-run company.

The price of aluminium products in the domestic markets has increased abnormally in the last couple of weeks due to the rising cost of raw materials at the international level, according to industry insiders.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has signed a memorandum of understanding with the Dubai International Chamber to enhance trade and investment between UAE and Bangladesh.

Stocks in Bangladesh continued to rise for the second consecutive day, as Bangladesh Securities and Exchange Commission has lowered the circuit breaker limit to 2 per cent to curb the free fall of the stocks amid the war between Russia and Ukraine.

Stocks in Bangladesh continued to rise in the first hours of trading today thanks to the regulator's decision of not allowing any stock to fall more than 2 per cent in a day.

US President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up US energy prices.

Since the Covid-19 pandemic crippled many businesses and impacted livelihoods of thousands, many were forced to resort to alternative means of income including exploring alternative channels.

The runaway fuel oil and gas price in the international markets has already hit Bangladesh’s foreign exchange reserves and intensified pressures on the exchange rate amid the escalation of imports at higher prices.

The domestic stock market showed signs of recovery yesterday after news broke that the Bangladesh Securities and Exchange Commission (BSEC) would take steps to curb the recent falling trend.

In the South Asian region, borders are still the main culprit for the low level of integration. Freedom of movement of trade and transportation is limited in South Asia and the Bay of Bengal regions.

The Bangladesh Securities and Exchange Commission (BSEC) has lowered the circuit breaker limit to 2 per cent from 10 per cent in order to curb the free-fall of stocks amid the war between Russia and Ukraine.