Although Amar Ekushey Book Fair-2022 began on Tuesday after being deferred for half-a-month due to the surge of Covid-19 infections, readers have already started purchasing the books published targeting the annual event thanks to online platforms.

Amid soaring prices of food, products and services, inflation in Bangladesh fell to 5.86 per cent in January, the first decline in six months, official data showed yesterday.

A high-level government committee yesterday suggested 11 proposals for amending the procurement rules, including making it mandatory for foreign firms to form joint ventures with local bidders when it comes to fulfilling government procurement rules.

Seven non-bank financial institutions (NBFIs) are now finding it difficult to recover Tk 2,050 crore they had lent to their subsidiaries and associates in breach of rules.

Bank Asia won the first prize for “Best Presented Annual Report 2020 (Private Sector Banks)” in South Asia alongside a “SAARC Anniversary Award for Corporate Governance Disclosures 2020” awarded by the South Asian Federation of Accountants (SAFA).

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh has introduced the country’s first Social Loan Principles (SLP) based financing for Thengamara Mohila Sabuj Sangha (TMSS), one of the largest microfinance institutions in the country.

Speakers yesterday emphasised establishing infrastructure for charging station networks so that electric vehicles (EV) may replace their fossil fuel-powered counterparts by 2030.

When most asset management companies in Bangladesh try to extend the tenure of closed-end mutual funds to retain them, VIPB Asset Management Company has decided to convert its fund into open-ended.

The e-Commerce Association of Bangladesh (e-CAB) today wants the value-added tax on the rents of any company’s office, warehouse, fulfilment centre and sorting houses to be abolished, as the cost affects the pricing of products also.

The European Union (EU) will continue providing Bangladesh with its support and assistance to help the south Asian country achieve sustainable graduation from the least developed country (LDC) category.

Japanese investors should invest in various potential sectors in Bangladesh, especially in Chattogram, which has become a trade and investment growth engine of the country because of the implementation of mega infrastructure projects and capacity enhancement of the sea port, analysts said today.

Dhaka stocks returned to the positive territory today after falling for two days.

Businesses dependent on the import of raw materials are facing increasing shipping costs, which are fuelling their cost of production, and the burden is being passed onto consumers, resulting in a hike in prices.

The luxury hotel business in Bangladesh bounced back strongly in the first half of the current financial year as people have started to travel and host public events with the easing of coronavirus restrictions.

The key index of the Dhaka Stock Exchange (DSE) dropped for the second consecutive day yesterday as cautious investors booked profits.

General Motors, popularly known as GM, had been the largest seller of vehicles in the United States from 1931 to 2020. The Detroit-based automaker dethroned Ford back in 1931 to clinch the number one position.

Bangladesh Bank yesterday gave a remedy to the defaulters of non-bank financial institutions (NBFIs), saying the borrowers could get a waiver of 50 per cent on their interest amount if they repay loans within a year.

From now on, no charges or fees can be imposed on customers before the activation of credit cards, Bangladesh Bank said in a notice yesterday.

Harvested rainwater currently meets 15 per cent to 60 per cent of the demand for non-drinkable water at textile and garment factories, helping the industry further its green movement by reducing dependence on groundwater, according to a study released yesterday.

Bangladesh Bank today fixed the instruments which will be considered as stock market investment for non-bank financial institutions.