Govt detects anomalies in TCB card distribution

There was corruption in the distribution of family cards for subsidised commodity sales by the state-owned Trading Corporation of Bangladesh (TCB), according to Commerce Adviser Sk Bashir Uddin..The TCB provides 1 crore families with subsidised food items. Of the beneficiaries, some 57 lak
10 December 2024, 15:51 PM

Germany to provide €9.5m for biodiversity, climate dev projects

Germany will provide €9.5 million to Bangladesh through two major technical cooperation agreements aimed at enhancing biodiversity conservation and promoting climate-smart urban development..The agreements will fund initiatives focused on strengthening local governance, biodiversity conser
10 December 2024, 15:29 PM

Chinese firm Bangladesh Prothoma Power to invest $12.24 million inside Bepza EZ

The company will establish a battery plate manufacturing industry
10 December 2024, 14:41 PM

Bangladesh has 1.22cr economic enterprises

There are 1.22 crore economic enterprises across the country, according to the Bangladesh Bureau of Statistics (BBS)..Among them, 76 lakh are business establishments and 46 lakh are economic units, the national statistics agency found during the primary mapping ‍and listing work for the co
9 December 2024, 18:48 PM

DSE’s turnover continues to tumble

Stock trading in Bangladesh has slowed in recent months as most investors are not placing fresh bets considering the market’s bleak outlook amid ongoing economic uncertainties. As such, daily turnover of the Dhaka Stock Exchange (DSE) plunged by 5.02 percent to Tk 279 crore yesterday, mark
9 December 2024, 18:43 PM

DSE turnover hits four-month low

Turnover at Dhaka Stock Exchange (DSE) hit a three-month low yesterday as skittish investors cautiously traded select shares amidst ongoing political and economic uncertainties. .The turnover, which is the total value of the shares traded on the market, amounted to Tk 293 crore. .Th
8 December 2024, 18:48 PM

Fall in real prices of rice benefits consumers, hurts farmers

Real prices of rice have fallen in the decade from 2010 to 2020, benefiting consumers but generating lower real incomes for producers, according to a paper presented at an event in Dhaka yesterday..However, real prices of the staple food climbed in the years following the turn of the decad
8 December 2024, 18:06 PM

One in five non-poor houses at risk of becoming poor: WB

Despite the significant progress in reducing poverty in Bangladesh, about one in five of the non-poor households remain at high risk of falling below the poverty line, according to a study by the World Bank..The study was presented during a session on “Poverty in Bangladesh based on HIES 2
7 December 2024, 18:32 PM

Our inflation quagmire

Inflation refuses to budge. Part of the reason may be honest disclosure of what the data is saying.
5 December 2024, 20:24 PM

BSC issues tender to dispose of two old oil tankers

The Bangladesh Shipping Corporation (BSC) has finally taken steps for the disposal of two of its oldest oil tankers, which, according to experts, had become unfit by 2015.
5 December 2024, 20:20 PM

LC margin bar withdrawn for crisis-hit six banks

They are: IBBL, FSIBL, SIBL, Union, Global Islami, Bangladesh Commerce
5 December 2024, 19:38 PM

MGI’s concern, ADB sign $20 million loan deal for flour milling plant

The plant will produce 660,000 tonnes of wheat with 37% less electricity than regular
5 December 2024, 11:18 AM

Jetties empty at Ctg port as import falls

Many of the Chattogram port’s 12 container jetties have been lying vacant for the last couple of weeks due to a fall in the number of ships amid a decrease in imports..The port currently has 18 jetties. Of these, 12 jetties are dedicated for accommodating container vessels and the remainin
4 December 2024, 18:00 PM

BSEC summons Confidence Cement for dividend payment failure

The cement maker has to appear before the stockmarket regular on Dec 8
4 December 2024, 15:04 PM

Dutch-Bangla Bank’s services to remain suspended temporarily

Core banking will be unavailable from Jan 1-5 next year and agent banking from Dec 30 to Jan 5
4 December 2024, 14:10 PM

PDB can save $1.2 billion a year by fixing core problems: IEEFA

The global energy think-tank suggested shifting half of Bangladesh’s existing industrial demand to the grid
4 December 2024, 05:01 AM

Stocks rise for a second day

The stock markets in Bangladesh rose for a second consecutive trading day yesterday as investors poured fresh funds for select shares to quickly gain short-term profits amidst price movements..Shares of companies like Square Pharmaceuticals, Grameenphone, Robi Axiata, Saif Powertec, Renata
3 December 2024, 18:09 PM

$6 billion foreign loan commitments may come by June: finance adviser

The commitments will come from multiple sources, including World Bank, IMF, ADB, Opec
3 December 2024, 14:48 PM

Roadmap is there to implement ILO conventions: commerce adviser

EU Ambassador Michael Miller calls on the adviser
3 December 2024, 13:39 PM

Chevron to invest in new gas exploration in Bangladesh

The energy giant thanks the interim government for starting to clear overdue payments
3 December 2024, 12:15 PM