Inflation in Bangladesh rocketed to a 17-month high in March driven by higher food costs as global uncertainties stemming from the Russia-Ukraine war and supply chain disruptions show no sign of abating, official figures showed yesterday.

Banks have been asked not to impose over 1 per cent interest on the exporters after disbursing fund from their own pocket and before being reimbursed from Bangladesh Bank’s export development fund (EDF).

The Bangladesh Securities and Exchange Commission (BSEC) today served show cause notices to 15 stockbrokers for placing aggressive orders for selling shares.

The Bangladesh Bank today relaxed the rescheduling policy for short-term farm loans as it assumed that many farmers would be in dire straits in the coming days in the wake of increasing global prices of agricultural equipment.

The telecom operators have slowed down internet speed in the capital New Market area as per government instruction to stop further spread of clashes between students and traders.

Stocks in Dhaka bourse returned to the black today after experiencing massive falls for two consecutive days.

Two state-owned jute mills that were leased to the private sector recently began production, creating many employment opportunities in the process, according to Golam Dastagir Gazi, the minister of textiles and jute.

Commerzbank and German bank AKA Ausfuhrkredit-Gesellschaft mbH have extended a term loan of €28.63 million to local dredging solutions provider Western Engineering through City Bank under the coverage of export credit agency Atradius Dutch State Business.

Gold prices jumped about 1 per cent to a more than one-month high on Monday as concerns over the economic fallout from the Russia-Ukraine war and surging inflation drove investors to the safe-haven asset.

The Bangladesh Securities and Exchange Commission (BSEC) has ordered nine stock brokerage companies to suspend 15 traders for placing share sell orders at zero price.

Around 102 factories in greater Rangpur, including 28 at the Uttara EPZ in Nilphamari, will likely get gas connections by December 2023 as the “Construction of Bogura-Rangpur-Saidpur Gas Transmission Pipeline Project” should be complete by then.

Five local brick manufacturers received a total of Tk 2.87 crore yesterday for reducing carbon emissions through the use of fuel efficient technology.

Dhaka stocks underwent a massive erosion yesterday, with a dearth of buyers and panicked investors pressing for sales pulling the index below 6,500 points again after one and a half months.

Sales on digital platforms have picked up in Bangladesh as people in droves are purchasing products online as part of their preparations to celebrate Eid-ul-Fitr.

Bangladesh Submarine Cable Company will increase its planned investment to connect to a third submarine cable by 25 per cent to avail double the bandwidth.

The Bangladesh Bank yesterday imposed an interest rate cap on deposits and loans at non-bank financial institutions aligning with the ceiling now prevailing at banks although rates are rising globally to tame runaway inflation.   

Bangladesh’s use of foreign loans rose 57 per cent year-on-year to $6.8 billion in first nine months to March in the current fiscal year.

The Bangladesh Bank today imposed interest rate cap on non-bank financial institutions (NBFIs), asking them to mobilise deposit by offering a maximum of 7 per cent interest and give out loans at 11 per cent.

Around 54 per cent of the garment workers in Bangladesh were paid through mobile financial services in February and the rest through cash, a research finds.

The trading at the Dhaka Stock Exchange (DSE) slid today as there was a dearth of buyers and the selling pressure dragged down the index under the 6,500 points level.