Betel nut, also called the areca nut, has become a great source of additional income for farmers in Bangladesh as the fruit native to South Asia and parts of east Africa is widely consumed in the country.

Businesses across the country had mixed bag of reactions when asked about their sales prior to the just-concluded Eid-ul-Fitr on April 22, with many blaming an inflation-induced rise in the cost of living and a heatwave taking a toll on shoppers. 

An ongoing conflict in Sudan will not have any major impact on Bangladesh’s import of cotton from the country as it accounts for a very small part of the import and there are some alternative African sources for local importers, spinners and millers.

The central bank has kept injecting a hefty volume of US dollars into the market to help banks clear import bills, eroding the Bangladesh’s foreign exchange reserves. 

DCCI President Sameer Sattar says

Summit Corporation Ltd yesterday signed a memorandum of understanding with Japan’s Jera Asia Pte Ltd to collaborate to supply liquefied natural gas and other fuels and develop on-shore and off-shore regasification and storage infrastructure for Bangladesh.

Mutual Trust Bank Limited has won a “Best Commercial Bank in Bangladesh 2023” award of International Business Magazine for its performance and innovative solutions. 

Turnover of the Dhaka Stock Exchange (DSE) yesterday rose by more than 26 per cent from the previous session to reach near Tk 1,000 crore thanks to increased investor participation amid a rising trend in the benchmark index.

LankaBangla Finance has recently issued non-convertible, zero-coupon bonds worth about Tk 300 crore to attract a diverse group of investors, including individuals, corporates, banks, insurance companies, mutual funds, and pension and gratuity funds.

Standard Insurance Limited posted a 2.6 per cent year-on-year increase in profit to Tk 10.17 crore in 2022.    

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Japan Chamber of Commerce and Industry (JCCI) yesterday signed a memorandum of understanding (MoU) at The Westin Tokyo, Japan to strengthen bilateral trade and economic relations. 

In a boost to the local ICT sector, the Bangladesh Association of Software and Information Services (BASIS) has signed a memorandum of understanding with Japan Information Technology Services Industry Association (JISA) to increase collaboration.

Social Islami Bank Limited made a Tk 206.83 crore profit in 2022, up more than 18 per cent a year earlier, despite alleged loan irregularities and abrupt resignations by the board chairman and a top official.

South Bangla Agriculture & Commerce (SBAC) Bank Limited clocked a 9 per cent year-on-year increase in profit to Tk 59.34 crore in the financial year that ended on December 31.

During my university days, I was asked by my father to take charge of a horticulture project on a large piece of hilly land in our village in Cumilla.

The Transparency International Bangladesh (TIB) has urged the government to publish the draft Bank Companies (Amendment) Act for the interest of the people.

The MoU was signed at the Trade and Investment Summit in Japan

TIB urges government

The two countries will cooperate with each other to develop contacts between the businesses

The turnover increased 26% from the previous day