With people in many parts of Europe facing heatwave, longer than usual dry summers and runaway inflation, denim makers in Bangladesh are feeling the pinch. 

Nagad, a mobile financial service provider of the Bangladesh Postal Department, launched a new 11 Nagad-Sheba points at different districts across the country.

Refrigerator brand Konka recently won the “2022 Peace of Mind Award” at the fifth Yunfeng Conference organised by the Interface News of Shanghai Newspaper Group.

After raising interest rates for the first time in over a decade at their last meeting, European Central Bank policymakers are poised to deliver another bumper hike on Thursday in a show of determination to tame soaring inflation.

Stocks continued to drop for a second consecutive trading day yesterday as general investors rushed to rake in profits by selling shares. 

Businesses have to wait 11 days and six hours to have their cargo released after their arrival at seaports, according to the Time Release Study (TRS) 2022 of the National Board of Revenue. 

Bangladesh Bank yesterday asked banks to reduce use of electricity and energy consumption as part of the austerity measures taken by the government to contain the volatility in the foreign exchange market. 

Bangladesh’s foreign exchange reserves recently dipped below $39 billion due to high import payments.

The Bangladesh Financial Intelligence Unit (BFIU) today asked banks to provide detailed information of accounts and transactions of Tabith M Awal along with three of his family members.

Bangladesh Bank today asked banks to reduce use of electricity and energy as part of the austerity measures taken by the government to contain the volatility in the foreign exchange market.

Stocks in Bangladesh continued to fall today for the second consecutive day when the turnover eroded by around 40 per cent.

Most shares on the Chittagong Stock Exchange (CSE) fell today.

Most shares on the Dhaka Stock Exchange (DSE) opened lower today.

The reopening of mills owned by the Bangladesh Textile Mills Corporation (BTMC) under a public-private partnership (PPP) programme is still shrouded in mystery as the private sector’s response remains poor eight years after the prime minister issued a directive in this regard.

Bangladesh recorded robust export earnings riding on the main export earner knitwear and woven garments in the first two months of the current fiscal year.  

Bangladesh’s trade deficit widened by 46.4 per cent year-on-year to $1.98 billion in July, but it was far below than the monthly average recorded in the last fiscal year, an encouraging sign for the economy.  

The central bank yesterday relaxed the rules on credit rescheduling and restructuring for the borrowers who have defaulted on the repayments of loans with non-bank financial institutions (NBFIs). 

Shamim Ahmed has been re-elected as president of the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) for a one-year term (2022-23).

The Regional Agricultural Research Centre of the Bangladesh Agricultural Research Institute (Bari) in Jashore arranged a field day on Bari-invented hybrid summer tomato at Balrampur village of Bagharpara upazila on Saturday.

A former bureaucrat joined Bangladesh Investment Development Authority (Bida) as its new executive chairman yesterday for a three-year term.