Banks in Bangladesh today refixed the rates at which they would buy US dollars from exporters and foreign exchange houses that mobilise remittances from migrant workers.

Local garment makers have urged the Italian clothing retailers and brands to source more apparel items from Bangladesh and invest more in the south Asian country.

Bangladesh should ratify the Hong Kong Convention, as the declaration will help the south Asian country become the leader in the ship recycling industry, Norwegian Ambassador Espen Rikter-Svendsen said today.

Anwarul Islam, director of the department of offsite supervision at Bangladesh Bank, was promoted to be the executive director of the central bank today.

The Dhaka Stock Exchange (DSE) fell today after remaining flat for a day at the end of a five-day losing streak yesterday.

Five state-run economic zones have received $22.17 billion investment proposals, which are expected to generate employment opportunities for around 8.16 lakh people.

The Chittagong Stock Exchange (CSE) inched up today.

The Dhaka Stock Exchange (DSE) fell in the morning session today.

The government aims to improve food security in Bangladesh by increasing the availability of poultry meat to 160 grams per person each day and eggs to 208 pieces per person each year but to achieve this goal, the production and retail cost of these items should be reduced.

Speakers at a workshop, styled “Local Level Stakeholders Consultation on Inclusive, Smooth and Sustainable LDC Graduation”, yesterday called for reaping the full potential of local agriculture, tourism and geographic location to enhance economic growth in Sylhet.

The Embassy of Denmark in Bangladesh has hosted a five-day exhibition, called ‘Going Green’, at Bay’s Edge Gallery in Dhaka to highlight green solutions that can support sustainable and inclusive economic growth.

The Bangladesh Small and Cottage Industries Corporation (BSCIC) industrial estate in Dinajpur is causing untold sufferings for people living and working in the area as the rice mills present are pouring copious amounts of ash and other pollutants into the environment.

Bangladesh needs to establish a platform like India’s Open Network for Digital Commerce (ONDC) to help small and medium enterprises sell products through online platforms without having to give in to the dominance of a few big players, said experts yesterday. 

The National Board of Revenue (NBR) has issued a clarification related to the deductions of withholding tax on interest earning deposits that companies keep in banks and other financial institutions.

Chattogram will become an even bigger industrial hub after the completion of ongoing projects including the Matarbari port, Chattogram-Cox’s Bazar highway and power plants, said ITO Naoki, Japanese ambassador to Bangladesh, yesterday.

The growth of broadband internet subscribers in Bangladesh has flattened in the last three months as both individual and corporate users have moved to cut their bills to deal with soaring inflation. 

A three-day Chattogram Motor Fest 2022 ended yesterday, with the highlights being PHP Automobiles unveiling a Proton sedan and ACI Motors displaying a 998cc superbike. 

Anwar Hossen, who holds an MBA, works for a private firm and draws a monthly salary of more than Tk 60,000. But he has not purchased any life insurance policy although private sector employees in Bangladesh are not entitled to any pension support and his four-member family will be in trouble if he faces any untimely death. 

Renata Limited, a listed pharmaceutical and animal healthcare product manufacturer in Bangladesh, has recommended slightly lower dividends for fiscal 2021-22 despite having registered marginally higher profits that year.

The Bangladesh Bank capped the interest rate on loans at 9 per cent and on deposits at 6 per cent for banks, and 11 per cent on loans and 7 per cent on deposits for non-bank financial institutions.