Stocks in the Dhaka bourse dropped yesterday after a four consecutive days’ rise as profit-taking tendencies prevailed among investors.

The High Court yesterday questioned the Bangladesh Bank’s decision on fixing Tk 28,000 as the minimum monthly salary for private banks’ entry level officials.

The Association of Bankers, Bangladesh (ABB) thinks that the latest pay fixed by the central bank for entry-level officials will also bring intangible benefits for banks.

Firms in Bangladesh feel that the economic recovery will be weaker than they had perceived earlier due to the adverse impacts of Omicron and the fuel price hike that raised the cost of doing business, according to a survey.

Stocks in Dhaka dropped today after rising for four consecutive days because of the profit-taking tendency of the investors.

Firms in Bangladesh have recovered about 60 per cent of their business compared to the pre-pandemic levels, found a survey.

The Dhaka Chamber of Commerce & Industry (DCCI) yesterday urged the government to cut the corporate tax rate by 2.5 percentage points in the next fiscal year to align it with the regional average rate.

Cotton production in Bangladesh has been low as farmers prefer other cash crops to the white fibre, completely missing out on at least a $3 billion domestic market.

Bank Asia virtually held a daylong “Annual Business Meet 2022” at Bank Asia Tower in Kawran Bazar, Dhaka on Saturday.

Brac Bank has employed 80 graduate candidates under its recruitment initiative “Young Leaders’ Programme” (YLP) as a part of its business expansion plans to recruit 2,000 more people from public and private universities in 2022.

Pubali Bank has been presented a “Top Ten Remittance Award 2022” by the Centre for NRB, a non-profit research organisation for non-resident Bangladeshis, for its contribution in collecting remittance.

Stocks listed on the Dhaka Stock Exchange (DSE) yesterday stretched their gaining streak to four days straight as general investors continue to engage in a buying spree.

Profits of listed biscuit makers plunged year-on-year in the last October-December period owing to a rise in raw material prices.

Ensuring accessible, affordable and reliable financial services for all is one of the prerequisites of inclusive growth. The need for a comprehensive and focused public document for this purpose, outlining the vision, concrete targets and clearly defined implementation plan, had long been agreed upon by most financial policymakers worldwide.

Around 20,000 farmers in Lalmonirhat and Kurigram who cultivated cauliflower and cabbage have been left pleasantly surprised by unexpected profits this year following significant losses in 2021, when nationwide lockdowns were imposed to curb the spread of Covid-19.

Bangladesh Securities and Exchange Commission (BSEC) has ordered NRB Bank to take departmental action against its chief financial officer Kamrul Hasan and all of its investment bankers for their involvement in illegal share trading.

A new container shipping service directly connecting the Chattogram port to one in Italy will reduce costs by almost 40 per cent, opening a new horizon for Bangladesh’s foreign trade, said BGMEA President Faruque Hassan yesterday.

Every industry, instead of just the garment sector, should be allowed to import fire safety equipment at reduced rates to safeguard workers’ rights and broaden Bangladesh’s image abroad, said entrepreneurs at a meeting yesterday.

Adnan Fibre Ltd, a Bangladeshi company, is going to establish a backward linkage industry in Ishwardi Export Processing Zone (IEPZ).

Stocks in Dhaka continued to rise for the fourth consecutive day today amid the buying spree among the general investors.