Stocks returned to the red yesterday on rising the day beforeamidst a lot of pressure from sales coupled with a lower participation of stock investors. 

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today urged the government to go for rationing of electricity to ensure its stable supply to the industrial units to help them continue production.

The price of the vehicle was shown as 200,000 US dollar or Tk 1.87 crore in the import document and as an exporter the company had the opportunity to get a duty benefit of Tk 24 crore under the 170 Customs Procedure Code.

Dhaka Stock Exchange (DSE) has started giving money back to the investors, who were cheated by three brokerage firms -- Tamha Securities, Crest Securities, and Banco Securities.

The prime index and turnover both fell at the Dhaka bourse today.

The Chittagong Stock Exchange (CSE) fell today.

Shares on the Dhaka Stock Exchange (DSE) inched up at the opening of the market this morning.

Car imports surged in the just concluded fiscal year thanks to reduced import tariff and release of pent-up demand among the country’s middle-class amid the economy’s gradual recovery from Covid-19.

Tangail sari weavers and traders are disappointed ahead of Eid-ul-Azha this year as the people’s decreasing purchasing power coupled with the ongoing flood situation in different parts of the country has led to poor sales, according to market players.

The government yesterday hiked the price of cured cowhides in Dhaka by 8 per cent to Tk 47-52 per square foot (sqft) ahead of Eid-ul-Azha, when millions of cattle are sacrificed by the country’s Muslim community as a part of their religious duties.

In an effort to keep the foreign exchange reserves stable, the Bangladesh Bank yesterday asked banks to take up to 100 per cent of import payments in advances from businesses while opening letters of credit (LCs) for luxury and non-essential items. 

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday set a $100-billion apparel shipment target by 2030, which is more than double the country fetched in the just-concluded financial year.

Automaker Maruti Suzuki India Ltd will phase out vehicles that run completely on petrol in seven to 10 years, the Economic Times newspaper reported on Monday, citing a senior executive.

Bangladesh Export Processing Zones Authority (Bepza) has paid arrears of Tk 18.11 crore of workers of A-One (BD), a factory of Dhaka Export Processing Zone (DEPZ) which has shut down.   

ADN Telecom yesterday said it is going to acquire 60 per cent of SOS Developments Ltd at an investment of Tk 2 crore.  

Sri Lanka is bankrupt and the acute pain of its unprecedented economic crisis will linger until at least the end of next year, Prime Minister Ranil Wickremesinghe told parliament Tuesday.

Gas consumption will contract slightly this year due to high prices and Russian cuts to Europe, with only slow growth over coming years as consumers switch to alternatives, the IEA said Tuesday.

Egypt’s Suez Canal Authority announced Monday an all-time revenue record, earning $7 billion during the last fiscal year following a series of toll hikes for vessels transiting the vital waterway.

The Bangladesh Bank today asked banks to take up to 100 per cent of import payments in advances from businesses while opening letters of credit (LCs) for luxury and non-essential items, in an effort to keep the foreign exchange reserves stable.

Turnover at the Dhaka Stock Exchange (DSE) soared today while the benchmark index also returned to black after falling for two consecutive days.