Transactions through internet banking in Bangladesh more than doubled in the last fiscal year as a huge number of people, especially the young generation, are using the platform to carry out financial activities. 

The government yesterday approved revisions to three projects involving Tk 3,707 crore, pushing up the collective completion cost by some Tk 1,053 crore. 

The number of beneficiary owner’s (BO) accounts, which are needed to trade stocks, has fallen over the past seven months due to the thin profits earned from initial public offerings (IPO) and a continuous bear run in the market, analysts say.

Cement makers are passing tough times amidst a decline in demand from public construction in tune with the government’s austerity measures and sluggish private initiatives on building homes and other facilities for inflation.

A move by the National Board of Revenue asking for sharing the user identification and password of companies’ accounting software has created concerns among businesses, which said such a measure would give negative signals about the business climate in Bangladesh and discourage investors. 

The Bangladesh Bank yesterday ordered banks to credit foreign currencies to the retention quota accounts of suppliers after the settlement of the back-to-back letters of credit (BBLCs).  

Bangladesh International Hotel Association (BIHA) appointed Md Shakawath Hossain, as co-chairman of its standing committee for planning and development.

Most companies on the Dhaka Stock Exchange (DSE) posted gains yesterday thanks to the higher participation of general investors, helping the key index add more than 50 points. 

Jotun Bangladesh Limited (JBL), a subsidiary of Norway-based paint and coatings manufacturer Jotun Group, has opened its maiden plant inside the Meghna Industrial Economic Zone (MIEZ) with an investment of $7.6 million.

A majority of banks yesterday did not abide by Bangladesh Bank’s instruction to maintain a spread of Tk 1 when buying and selling the US dollar.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged Prime Minister Sheikh Hasina to readjust fuel prices by withdrawing taxes on petroleum products.

The stock index rose for the second consecutive day today while the turnover also jumped thanks to the increased participation of the investors.

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

Most shares on the Dhaka Stock Exchange (DSE) opened higher for the second consecutive trading day today.

The Salmashi village in Savar is popularly known as “Mehndi Gram” as most farmers in the area cultivate henna trees on a commercial basis to provide for their families.

East India Company colonised Bengal in 1757 when India’s contribution to the world’s GDP was about 27 per cent and Bengal (Suba-E-Bengal) was one of the wealthiest places on Earth.

Utility bill payments through mobile financial service (MFS)  providers crossed the Tk 2,000-crore mark in June, underscoring the  growing preference among users to make payments from the comfort of  their homes.

As the Russia-Ukraine war broke out, Bangladesh witnessed a huge deficit in the balance of payments which was the main cause for a recent dollar crisis in the country where speculation fuelled the dearth, says AKM Ismail Haq, president of the Money Changers’ Association of Bangladesh. 

The price of chicken eggs has risen substantially over the past week, piling even more pressure on general consumers who are already facing tough times due to the growing cost of living in Bangladesh.

Petroleum imports continue to be the major source of revenue for Custom House, Chattogram thanks to higher tariffs.