Chattogram Custom House has approved the handover of 71 luxury cars to the highest bidders at an auction for a total of just Tk 12.53 crore even though the vehicles have a combined market value of Tk 114 crore.

Stocks in Bangladesh dropped yesterday while the trading time was cut short by around two hours due to a technical glitch.

The stock market regulator has formed an investigation committee to find the reasons behind the technical glitch that kept trading at the Dhaka Stock Exchange (DSE) halted for around three hours yesterday.

Non-bank financial institutions have requested the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to convince Bangladesh Bank for relaxing some rules related to interest rate cap and loan repayment given their weak financial health.

The Department of Agricultural Extension (DAE) has advised farmers to harvest Aman paddy instantly if the maturity of the grain is 80 per cent in order to avoid damage by cyclone Sitrang.

First Security Islami Bank Ltd will ensure cutting-edge technology in cloud-based banking to extend better and safer customer services along with going the extra mile for wider financial inclusion on the occasion of its 25th anniversary in 2024.

The Payra Port Authority (PPA) is set to begin the much-hyped capital dredging project in Rabnabad channel at a cost of Tk 4,950 crore to facilitate entry of large ships.

The sudden rise in the price of sugar, a key ingredient for popular items such as biscuits, juices, sweets and candies, has pushed up the cost of production, putting manufacturers in a tight spot. 

Growth of monthly wages of workers has consistently remained below the inflation rate, or spiral in the prices of goods and services, worsening conditions of their families. 

Over half of the life insurance companies in Bangladesh exceeded their allowable management expense in 2021, putting a negative impact on life funds and eroding their capacity to settle claims.

Partex Petro Ltd, an oil refinery, has started production and marketing of aviation fuel, becoming the first company in Bangladesh to manufacture the finished product for the growing air transport market. 

Shyampur Sugar Mills Ltd reported a loss of Tk 26.52 crore in the last financial year.  

One Bank and Bangladesh Land Port Authority signed an agreement recently to set up a banking booth at Bhomra Land Port in Satkhira.  

United Commercial Bank Ltd’s profit declined 21 per cent year-on-year to Tk 67.49 crore in the July-September quarter this year.  

Telecom operators yesterday urged the government to ensure uninterrupted power in several areas in the southern coastal region in order to keep telecommunication services unaffected amid tropical cyclone Sitrang. 

Jalalabad Gas Transmission and Distribution System Ltd (JGTDSL), Sylhet raked in Tk 259.22 crore in profit before tax in fiscal year 2021-2022.

GSP Finance Company (Bangladesh) Limited’s profit plunged 70 per cent year-on-year to Tk 1.66 crore in the April-June quarter of 2022. 

IPDC Finance Limited reported a 17 per cent lower profit at Tk 18.18 crore in the July-September quarter of 2022.   

The stock market regulator has formed an investigation committee to find the reasons behind the technical glitch that kept trading at the Dhaka Stock Exchange (DSE) halted for around three hours today.

Trading at the Dhaka Stock Exchange remained halted for around three hours today thanks to a technical glitch and at the end of the day the index fell by 0.57 per cent.