Farmers have planted hybrid rice on the highest amount of land in the current Boro season, the source of the biggest crop output, to profit from higher production and prices of the staple grain in the market. 

The inflow of work orders from international clothing retailers and brands to Bangladesh has slowed because of the persistently higher cost of living in the western world and a pile-up of apparel stocks at stores.

US-based agriculture development organisation Venture37 signed a memorandum of understanding with City Bank Capital yesterday to collaborate in the development of a robust and efficient cold chain infrastructure in Bangladesh.  

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested the US authorities for duty-free access to the US market for garment products made from the American cotton.

Electronics brand Vision of Pran-RFL Group yesterday launched a “Lakhopoti offer”, offering 1 lakh prizes worth up to Tk 1 lakh on the purchase of its blenders until April 30 marking Eid-ul-Fitr. 

Alibaba Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on Tuesday, adding that each of the units will explore fundraising or initial public offerings.

All indexes of the Dhaka and Chattogram stock exchanges fell for the second consecutive day yesterday amidst shaky participation from investors.

The prices of rice, wheat and maize fell globally in the two weeks to March 23 compared to two weeks ago, showed the World Bank Food Security Update.     

Banks’ subsidiaries including brokerage firms, merchant banks and asset management companies are going to fall under the purview of Bangladesh Bank as per the final draft of a bank company (amendment) act, 2023.

Pioneer Insurance Company Ltd posted a 12 per cent year-on-year decline in profit to Tk 51.57 crore in the financial year that ended on December 31.   

The Bangladesh Bank yesterday withdrew the ceiling on the loans going to the trading sector from its Tk 25,000 crore refinance scheme. 

Dhaka division’s 4.19 crore people in 13 districts have stored in banks a total of Tk 9.79 lakh crore, around 85 per cent of which, or Tk 8.32 lakh crore, belong to the people living inside Dhaka district alone.

Turnover fell to Tk 272 crore from Tk 317 crore a day earlier, a decrease of 14 per cent. 

Stocks on Dhaka and Chattogram bourses fell in the morning trade today.

Onion farmers in Pabna, the biggest producing district in Bangladesh, are not happy with the current market price for their crop while yields have also been unsatisfactory due to poor weather conditions.

Many banks in Bangladesh struggled to ensure expected profit in the last couple of years owing to the business slowdown, but The City Bank Ltd managed remarkable returns on the back of corporate governance and diversified products. 

The Bangladesh Bank yesterday said the ongoing global uncertainties may have an adverse impact on the country’s growth momentum and the inflationary situation. 

The sale of yarn for making the fabrics for domestic market has fallen in the peak season of Eid-ul-Fitr and Pahela Baishakh because of high prices of some basic commodities and for the high cost of living for consumers.

Western Union, bKash and NCC Bank have launched an “Agent Assisted Model (PIN base Remittance)” service. 

The budget for the next fiscal year should target containing risks stemming from global turbulence and the absence of discipline in macroeconomic management, good governance and reforms, said the Centre for Policy Dialogue (CPD) yesterday.