Indonesia, the world’s biggest supplier of edible oils, has decided to lift the ban on palm oil exports, a development that is expected to bring much-needed relief to the consumers in Bangladesh struggling to afford the cooking oil because of skyrocketing prices.

The rising cost of living is eroding the purchasing power of garment workers even though most of them work overtime in order to make ends meet, according to the findings of a study released yesterday.

Bank Asia has been awarded a “Certificate of Appreciation” by Bangladesh Bank for its significant disbursement of stimulus loan under the special refinancing scheme of Tk 5,000 crore in agriculture sector.

The minimum price for raw tea leaves grown in Panchagarh was fixed at Tk 18 per kilogramme (kg) on Wednesday following recent demonstrations by local farmers demanding a fair value for their produce.

A business meeting between Islami Bank Bangladesh and the JPMorgan Chase & Co was held at Pan Pacific Sonargaon Dhaka recently.

The domestic stock market yesterday stretched its losing streak to seven consecutive trading sessions amid low turnover, raising concerns among investors regarding the future of their portfolios.

Padma Bank recently celebrated its Padma Family Day-2022 through various programmes and lavish arrangements at a resort in Gazipur.

The second direct container shipping service from the country’s premier sea port in Chattogram to Europe is going to be introduced today.

Stocks in Bangladesh tumbled for the seventh straight day today, causing concerns among the general investors.

Online job postings have continued to be made in large numbers in the past eight months since September last year, sometimes even surpassing pre-pandemic levels, seeking manpower in garments, marketing, IT and logistics as fears over the virus subsided.

Yusuf Ali, a mango grower in Chapainawabganj, did not benefit much despite having an ample yield last year as the price of the popular fruit was unusually low due to the lockdown-induced disruption.

When his children ask Russel Shaikh why there is no meat and even fish in their meals, he has no answer. This is because he simply has no choice as soaring prices of essential commodities and the rising cost of living have hit hard the pockets of the low-income people like him.

Inflation shot up to 6.29 percent in April – highest in 18 months – amid persistently high food prices and non-food prices, said Bangladesh Bureau of Statistics (BBS) last evening (May 18, 2022).

Bank Asia Ltd has signed an agreement with Guardian Life Insurance Ltd for the group health insurance of Bank Asia Employees.

Brac Bank achieved a milestone of setting up its 750th agent banking outlet when they inaugurated the Pobnartek Agent Banking Outlet in Ashulia on May 16.

The Bangladesh Textiles Mills Association (BTMA) has urged the government to withdraw the recent proposal for increasing the price of gas.

Shares on the Dhaka Stock Exchange suffered another massive fall yesterday sending the key index to a 10-month low as investors are increasingly growing edgy about the economy’s worsening health. 

The National Board of Revenue (NBR) and Institute of Chartered Accountants of Bangladesh (ICAB) had teamed up on November 12, 2020, to curb the scope for submitting fake audited financial statements.

Bangladesh Bank yesterday further relaxed the rules for availing loans from its pre-shipment refinance scheme to the tune of Tk 5,000 crore in a bid to help exporters smoothly produce their goods.

Ensuring good governance and easing liquidity sourcing are necessary to bring back the good days for the non-bank financial institutions (NBFI), said experts yesterday.