The services automated teller machine (ATM) of banks faced a disruption in many areas due to the partial failure of the national grid.

Turkish businesses can consider the 100 economic zones and 28 high-tech parks of Bangladesh as their preferred investment destinations, Dhaka Chamber of Commerce and Industry President Rizwan Rahman said today.

Stocks in Bangladesh returned to the black today thanks to higher participation of investors after experiencing a one-day fall yesterday, which had broken a four-day gaining streak of the market.

Emerald Oil, one of the early entrants in the domestic rice bran oil market, has established a new branch in Japan last month as part of its plan to export its product to the island nation.

The Chittagong Stock Exchange (CSE) gained again today after yesterday’s loss.

The Dhaka Stock Exchange (DSE) returned to the black today after snapping a day’s falling streak.

Bangladesh is currently weathering a period of heightened external pressure and economic headwinds like it has done since the outbreak of the coronavirus pandemic and kept growing, said a top official of a multinational bank.  

The slowdown in demand and stronger US dollar worldwide has pushed down cotton prices in the international market, raising hopes of increased work orders from global brands and retailers among local garment makers.

One of the Rampal power plant’s two units was inaugurated last month but it still requires some machinery to practically start running. 

Bangladesh has started the groundwork to begin negotiations for signing a Comprehensive Economic Partnership Agreement (CEPA) with India, as has been agreed upon by top leaders of both countries last month. 

The interest rate cap on loans, the frequent changes to the exchange rate regime and a relaxed attitude to enforcing austerity measures are the major challenges facing Bangladesh in restoring stability in the economy. 

Ace Autos, an authorised distributor of Haval sport utility vehicles (SUV) in Bangladesh, has signed a memorandum of understanding (MoU) with Standard Chartered Bank to provide auto loans at only 7.99 per cent interest per annum and 0.5 per cent processing fee in the purchase of Haval SUVs.

Mosleh Uddin Ahmed joined Shahjalal Islami Bank Ltd as its managing director and chief executive officer yesterday.

Bangladesh Bank Governor Abdur Rouf Talukder yesterday said they are trying to help strengthen the country’s securities market as it should be a major source of long-term funding for entrepreneurs and thereby assist in reducing non-performing loans in the banking sector.

Both Dhaka and Chittagong stock exchanges closed lower yesterday snapping their three-day gaining streak as the clouds over the economy darkened further after a fall in exports and remittance receipts in September. 

KDS Accessories Limited’s profit rose nearly 6 per cent year-on-year to Tk 16.58 crore in the year that ended on June 30, 2022. 

The number of green garment factories in Bangladesh has reached 173 as two more units received the Leadership in Energy and Environmental Design (LEED) certification from the US Green Building Council (USGBC) yesterday.

Planning Minister MA Mannan yesterday claimed that inflation in Bangladesh has come down notably although the Bangladesh Bureau of Statistics (BBS) was yet to publish the consumer price index for August and September. 

Robi Axiata, the second largest mobile phone operator in Bangladesh, has appointed Rajeev Sethi as its new chief executive officer. 

Nagad has launched a campaign, under which the mobile financial service provider offered up to Tk 1,000 cashback for mobile recharge.