Twenty four international banks have agreed to accept letters of credit (LCs) from Bangladesh for the import of grains from Russia and Ukraine in US dollars, apparently ushering relief from the spiralling of local food prices, said Commerce Minister Tipu Munshi yesterday. 

Stocks in Bangladesh returned to black yesterday helping the bourses end the week on a high note, thanks to increasing investors’ participation buoyed by a fall in oil prices globally and some easing of volatility in the foreign exchange market.   

Countries such as Bangladesh and Pakistan are facing severe localised food insecurity as the world is witnessing the worst threats to global food security in decades, said the Asian Development Bank (ADB) recently.

Qatar said Wednesday it would invest $3 billion in Pakistan’s debt-ridden economy in the latest boost by a Gulf state for the ailing South Asian nation.

One lakh live Pangas catfish fry have been exported to India for the first time through Benapole Land Port in Jashore.

Three power generation companies will amalgamate with their parent company United Power  Generation & Distribution Co Ltd (UPGDCL).  

Open banking, which allows sharing data among banks, financial institutions and fintech with customers’ consent, can further enable financial inclusion and easier access to financing for small and medium enterprises (SMEs), experts said yesterday. 

Landless, small and marginal farmers as well as share-croppers in Bangladesh could be given loans up to Tk 2 lakh without any collateral under the central bank’s Tk 1,000 crore refinance scheme aimed at boosting wheat and maize production.    

A very interesting research was conducted in the US between two groups, one having won a million-dollar lottery and the other having lost a limb in accidents.

Global rating agency Standard and Poor’s today maintained its long-held BB- rating for Bangladesh despite the ongoing volatility in the country’s external sector.

Daraz intends to invest Tk 1,000 crore in Bangladesh in the next 3-4 years to ramp up its operation by building infrastructure and ecosystem, the Alibaba Group-backed e-commerce venture said today.

Twenty-four global banks have agreed to accept the letters of credit (LCs) from Bangladesh to import food items from Russia and Ukraine in US dollar -- a big sigh of relief as it will play a big role in cutting food prices in local market.

Open banking, which allows sharing data among banks, financial institutions and fintech with customers’ consent, can further enable financial inclusion and easier access to financing for small and medium enterprises (SMEs), experts said today.

Stocks in Bangladesh returned to black today after falling for a day, thanks to increasing investors’ participation.

Landless, small and marginal farmers as well as share-croppers in Bangladesh could be given loans up to Tk 2 lakh without any collateral under the central bank’s Tk 1,000 crore refinance scheme aimed at boosting wheat and maize production.

Shares on the Chittagong Stock Exchange (CSE) opened higher today.

Shares on the Dhaka Stock Exchange (DSE) returned to the black today after falling yesterday.

Farmers in Lalmonirhat are losing interest in tea cultivation as a lack of processing facilities in the area is preventing them from raising enough capital to sustain the business, according to growers and traders.

Hazaribagh has transformed itself into a leather products manufacturing hub from a tannery zone in a span of five years since rawhides processors were shifted to Savar, logging an annual trade of Tk 60 crore. 

Around 73 per cent of Bangladesh’s garment exports is still limited to nine countries for a lack of market diversification in spite of different public and private initiatives.