Shares on the Chittagong Stock Exchange (CSE) suffered steep losses today.

The Dhaka Stock Exchange (DSE) lost more than 1 per cent on the first trading day of the week today as most shares fell.

On July 12, the euro equaled the US dollar, a fall for the former since its journey began in 2002.  

Registration of new firms in Bangladesh declined 9 per cent year-on-year to 13,480 in the just-concluded fiscal year of 2021-22 owing largely to the persisting economic uncertainty at home and abroad, official figures showed. 

HungryNaki, Alibaba’s food delivery affiliate in Bangladesh, has scaled down operations by half and laid off a majority of its employees. 

Bangladesh Bank plans to sign a memorandum of understanding (MoU) with 10 commercial banks for taking various steps on a pilot basis, including periodically publishing their lists of defaulters, in a bid to reduce their default loans. 

Low-performing stocks have kept dominating over blue-chip and sound shares in an unpromising sign that the stock market in Bangladesh is driven more by speculation instead of the health and performance of companies. 

Brac Bank yesterday announced a partnership with TerraPay to enable non-resident Bangladeshis abroad to send funds to Bangladesh in real time. 

Although Bangladesh is one of the largest producers of mango, jackfruit and guava in the world, about 60 per cent of the country’s demand for fruit is met through imports at an annual cost of around $30 million, according to experts.

Bangladesh should quickly do some homework on how to tap its potential of earning billions from the global pharmaceuticals market as the country will lose its preferential trade benefits after graduating from a least developed country (LDC) in 2026, according to an economist.

The US weekly magazine Newsweek has highlighted the story of Bangladesh’s spectacular economic advancement and its achievement in eliminating poverty in its latest issue. 

The weeklong event will be organised by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in partnership with Bangladesh Apparel Exchange (BAE) to promote the local garment industry in global platforms.

Bangladesh should get prepared to utilise the immense potential of the billions of dollar worth global pharmaceutical industry as the nation will lose the preferential trade benefits after its graduation to a developing country, an economist said today.

Bangladesh Bank has recently taken some serious decisions, the speed and approach of which seem unusual.  

The planned trial berthing of a vessel at the newly built Patenga Container Terminal (PCT) in the Chattogram port could not be begun yesterday due to the non-completion of some works. 

The International Monetary Fund is expecting a formal request for a loan from Bangladesh soon to provide a buffer to the delicate foreign currency reserves amid global economic volatility even though the government remains in two minds about it.

Banks in Bangladesh are already in a tight liquidity situation since they have to buy US dollars at higher rates to settle import bills. 

Wall Street is bracing for the slowest global revenue growth in the history of the social media sector, as intensifying competition from TikTok and Apple in advertising threaten to compound economic woes in the second quarter.

Bangladesh needs to highlight the shining examples of foreign companies that have achieved success after setting up businesses here, said a delegation of American investment management firm T Rowe Price Group Inc yesterday. 

State Minister for Planning Shamsul Alam yesterday proposed creating a new authority – either a ministry or a division under a ministry – to help dedicatedly tap the potential of blue economy.