Amid ongoing food and fuel crises worldwide, general subsidies are making a big comeback as a way of delivering social protection to the population. In fact, according to a World Bank tracker, the number of social protection measures introduced in response to rising inflation almost tripled globally between April and September 2022. More than a third of these were subsidies, including for fuel, food, fertilizers, and fees (such as for electricity, water and heating services).

The war in Ukraine and aftershocks from the Covid-19 pandemic present Emerging Market and Developing Economies (EMDEs) with an extremely challenging external environment shaped by higher food, fertilizer, and energy prices, rising inflation and interest rates, and stagflation risks in advanced economies.

Several people from two upazilas of Jhenaidah are earning well from fish farming but rather than selling traditional breeds for food, they provide aquarium fish to locals looking to spruce up their homes.

The Bangladesh Trade and Tariff Commission (BTTC) is conducting further studies on possible outcomes of the country joining the world’s largest China-led trade deal, Regional Comprehensive Economic Partnership (RCEP), Senior Commerce Secretary Tapan Kanti Ghosh said yesterday.

Trading of government securities is going to start on the stock exchanges from Monday in a bid to make general investors accustomed to dealing with these treasury bonds and bills. 

Loans written off by banks in Bangladesh declined in the first half of 2022 despite the upward trend of default loans. 

eGeneration Limited posted a 2.14 per cent increase in profit in the financial year that ended on June 30. 

The Dhaka Stock Exchange (DSE) ended the week on a high note, having recovered 56.6 points in its benchmark index, while subsidiaries of Orion Group topped the gainers’ list and secured the highest turnover all throughout.

Beximco Ltd has raised 32.5 million euros from Dutch financial institution ING Bank in order to expand its knit fabric facility, said a press release yesterday.

Smart Technologies (BD), Sony’s distributor in Bangladesh, launched a new Bravia K series of OLED and Google TV in the country. 

Bangladesh has a lot of potential to attract foreign funds to industries which abide by good environmental, social and corporate governance, according to analysts yesterday. 

The Bangladesh Securities and Exchange Commission (BSEC) has rejected Baraka Power Limited’s application aimed at issuing a Tk 150 crore fully redeemable non-convertible zero-coupon bond. 

Jinqiu Global Textile Bangladesh Ltd, a China-Bangladesh joint venture company, is going to invest $15.63 million to set up garments accessories manufacturing industry in Ishwardi Export Processing Zone (IEPZ).

As a CEO, I had once asked the chief procurement officer and the chief technology officer to deliver 50 per cent savings on radio network items for the implementation of an ambitious growth plan. They looked at each other in disbelief and told me that they had already squeezed the vendors so much in the last few years that it would simply be impossible.  

The Department of Agricultural Marketing (DAM) under the agriculture ministry in early August had announced that marketing of miniket rice in the country’s markets has to be stopped.  

Following a raid last year, the Rapid Action Battalion (Rab) did not lock up Evaly’s headquarters, which enabled looting and for which registers and documents could not be provided to an audit team, claimed Evaly co-founder Shamima Nasrin yesterday.

Beximco Ltd has raised 32.5 million euros from Dutch financial institution ING Bank in order to expand its knit fabric facility, said a press release today.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today urged the government to provide industrial units with adequate gas for uninterrupted production.

The garment makers today said they would manufacture half of the apparel products by using recyclable materials by 2030.

Trading of government securities will start on the stock exchanges from Monday in a bid to ease general investors’ participation in treasury bonds and bills.