The Trading Corporation of Bangladesh will purchase 8,000 tonnes of lentils and 1.1 crore litres of soybean oil ahead of Ramadan, the month of fasting for Muslims scheduled to begin in late March. 

About 10,000 farmers across five districts, namely Lalmonirhat, Kurigram, Gaibandha, Nilphamari and Rangpur, are benefitting from the production, use and sale of vermicompost, which is a natural fertiliser produced by decomposing organic material using earthworms.

Delta Brac Housing Finance Corporation, a listed non-bank financial institution in Bangladesh, recently announced that it has decided to change its name by adding PLC as a suffix. 

Bangladesh plans to pay a maximum of 4 per cent in the interest rate and commissions against the loans to be guaranteed by the Multilateral Investment Guarantee Agency (MIGA), said officials of the commerce ministry yesterday.

A three-day “Bangladesh Business Summit-2023” is scheduled to begin on March 11 to share business environment improvements, investment successes and good practices and gain insights of global investors’ priorities for the development of policies.

At least 60 per cent of sub-branches will have to be in areas located outside city corporations and top-tier municipalities, according to a Bangladesh Bank notice yesterday.    

The eurozone economy will fare “a lot better” this year than initially feared, European Central Bank chief Christine Lagarde said Thursday, as hopes grow that countries can avoid a painful recession.

Despite widespread outrage over Moscow’s war in Ukraine, only a small number of Western companies have deserted Russia, according to a Swiss study.

In 2016, a group of hackers calling themselves “The Impact Team” hacked into Ashley Madison dating website and exposed the personal information of 37 million users.

“Made in Bangladesh” Hyundai motor vehicles will hit the streets next week as Fair Technology yesterday commenced production at the country’s first manufacturing facility for cars designed by the South Korean automobile brand.

Japan logged its largest ever annual trade deficit last year, with the soaring price of energy and raw materials compounded by the dramatic fall of the yen.

Standard Ceramic Industries Ltd suffered a loss of Tk 1.94 crore in the first quarter of the current financial year owing to higher cost of imported raw materials and the US dollar.

Stocks in Bangladesh yesterday resumed their gaining streak after stumbling the day before while turnover of the country’s premier bourse dropped by around 37 per cent.

The turnover of the Dhaka Stock Exchange (DSE) dropped around 37 per cent today, but the prime index rose after experiencing a fall a day ago.

Although Bangladesh Railway has expanded its efforts to provide rail transport in more areas of the country, its central locomotive workshop in Parbatipur upazila of Dinajpur is unable to operate at full force owing to a shortage of workers and funds.

Apparel shipments to the European Union (EU) grew 41.76 per cent year-on-year to hit $19.40 billion in the January-October period of 2022, according to data from Eurostat, the statistics department of the EU.

Bangladesh’s balance of payments (BoP) deficit would widen massively in the current fiscal year than the central bank had earlier projected owing to escalated imports, lower remittances and export receipts, and higher accumulation of debts.

The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets. 

The Bangladesh Bank is yet to take any visible measure in line with a commerce ministry directive aimed at asking banks to earmark a portion of their foreign currency holdings to open letters of credit to import essentials ahead of Ramadan. 

Bank Asia has signed an agreement with Tech One Global (Pvt) for e-archiving of account opening forms through a document management system, enabling faster customer service delivery and safe document storage.