Dhaka stocks closed marginally lower yesterday, ending a three-day rally amid profit booking by investors from textile and banking shares.

The former signatories of the Accord Bangladesh have joined together to continue their legally binding commitments to workplace safety in Bangladesh and expand the programme to other countries.

Bangladesh Jute Mills Corporation (BJMC) has received around 55 proposals from home and abroad till date seeking to invest in 25 state-run jute mills shuttered in July 2020 for modernisation, said BJMC Chairman Md Abdur Rouf yesterday.

The number of refuelling stations for liquefied petroleum gas (LPG) or autogas and its consumption are growing fast with the big LPG players ramping up their operations as the government looks to cut dependency on other fossil fuels.

Padma Bridge, Payra Port and Dhaka Metro Rail-6 are among the fast-track projects nearing completion, whereas several others are witnessing a slower than expected implementation rate, according to a progress report.  

The Bangladesh Bank (BB) yesterday said that the highest monthly transaction limit of Tk 2 lakh from person to person through mobile financial services (MFS) would remain unchanged.

Real estate firm Concord has recently achieved a AA+ credit rating from the Credit Rating Agency of Bangladesh.  

Effective supply chain and commercialisation of agriculture products is a must for availing a safe food value chain as the marketing of perishable items is a big challenge in the country now, stakeholders said at a webinar yesterday.

Bangladesh Railway, which operates and maintains all railways in the country, registered remarkable earnings in the last couple of years as the comparatively cheaper and hassle-free mode of transport is gaining popularity among local importers.

The garment makers have demanded 10 per cent incentive on export on garment items made from non-cotton fibre to encourage investment in manmade fibre (MMF).

Prime Minister’s ICT Affairs Advisers Sajeeb Wazed Joy yesterday said that the next step of digital Bangladesh is developing a cashless society to ensure transparency, accountability and mobility in financial transactions.

The government today warned that stern action would be taken against the profiteers and price manipulators of basic commodities, as the market has ample supply of the daily necessities.

The Taliban have appointed an acting head of Afghanistan’s central bank to help ease growing economic turmoil, more than a week after the Islamist movement seized the capital Kabul, a statement said on Monday.

The broader index of the Dhaka Stock Exchange touched a new high of 6,900 points yesterday on the back of elevated trading activity as investors’ positive sentiment outweighs worries stemming from the ongoing economic slowdown. 

When Alexander Graham Bell invented the telephone in 1876, little he did know his invention would be a tool to transform life, society and economy hundred years later.

The government has approved a nearly Tk 210 crore project to establish 64,000 biogas plants to generate renewable energy in rural areas.

Local garment makers yesterday sought Spanish investment in non-cotton textile items as the demand for apparel items manufactured from man-made fibre (MMF) is on the rise.

Implementation of the Annual Development Programme (ADP) in July was 17.22 per cent lower compared to the corresponding month of last fiscal year due to the economic impact of a recent countrywide lockdown.

An overall decline in the country’s foreign trade last year for the pandemic brought the Chattogram port down nine places in the latest ranking of Lloyd’s List “One Hundred Container Ports 2021” analysing annual container transport of 2020.

The already low incomes of skilled and unskilled workers have been squeezed further for last month’s countrywide lockdown, making it more difficult for them to stay afloat amid the Covid-19 fallout.