Stocks in Bangladesh rose for the second consecutive session today.

Peanut farmers in the greater Rangpur region have been left disappointed this year as prices for their produce are far below the expected level of Tk 7,000 to Tk 7,500 per maund (37 kilogrammes).

Rice imports by the private sector in Bangladesh remain low despite five months having passed since the government started allowing local businesses to import the staple grain in a bid to rein in its spiralling prices in the domestic market.

The central bank is set to return to its semiannual monetary policy stance after three years as per a suggestion of the International Monetary Fund (IMF) but local economists say the move would not bring about any change amid the lending rate cap and multiple exchange rates. 

Bangladesh and Japan have primarily agreed on signing a free trade agreement (FTA) to increase trade and investment, said Commerce Minister Tipu Munshi yesterday. 

Latest study forecasts social commerce to directly influence 25 percent or US$42 billion of annual e-commerce sales in Southeast Asia by the end of 2022, the majority of which happened on social media platforms such as TikTok, Facebook and Instagram.

Leading mobile financial service provider bKash has been honoured by the National Board of Revenue (NBR) as the highest value-added tax (VAT) payer in the services sector at the national level for fiscal year 2020-21.

Standard Chartered Bangladesh was recently named as the “Best Bank in Bangladesh” by The Banker magazine’s Bank of the Year Awards 2022.

All indexes of the Dhaka Stock Exchange (DSE) ended in positive territory yesterday on the back of an increase in trading activity by investors.

The small-scale or artisanal fishers contribute nearly 90 per cent of all marine capture in Bangladesh, according to the United Nation’s Food and Agriculture Organisation (FAO).

The food ministry has extended the deadline to sign contract with rice millers regarding the purchase of the grain by a week to December 15 this year, said a notification.

The central bank has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for essential commodities as it looks to keep their prices at a tolerable level during Ramadan and ensure smooth supply.

Asian Development Bank (ADB) has provided a €10.8 million ($11.2 million) loan to Envoy Textiles to construct a second yarn spinning unit in Jamirdia of Mymensingh. 

The Asian Development Bank (ADB) has entered into a €10.8 million ($11.2 million) loan agreement with Envoy Textiles to fund a second yarn spinning unit at Envoy’s manufacturing plant in Mymensingh’s Bhaluka.

Bangladesh has started hydrogen-based power generation, which will play an important role in reducing carbon emissions, Bangladesh Power Development Board Chairman Mahbubur Rahman said today.

Aman paddy harvesting season has begun, but the general mass is struggling to buy rice as the price of the staple food is still high in the local market.

The central bank has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for a number of essential commodities in order to keep their prices at a tolerable level during Ramadan and ensure smooth supply.

All indexes of the Dhaka Stock Exchange (DSE) ended in positive territory today on the back of an increase in trading activity by investors.

Prime Minister Sheikh Hasina today urged the Japanese businessmen to make larger investment in Bangladesh.

Shares on the Dhaka Stock Exchange (DSE) returned to the black today.