Current News

The Bangladesh Bank has once again renewed the interim licence of Nagad for another six months as the Bangladesh Post Office (BPO) is yet to form a subsidiary to run the mobile financial service. This is the fifth extension after the state-run agency secured provisional approval from the central bank …

The World Bank has extended a $250 million financing to Bangladesh in budgetary support after the country has moved to bring in fiscal and financial reforms to strengthen policies to sustain growth and enhance resilience to future shocks. On Friday, the Washington-based lender approved the loan, the first of a …

Turning a blind eye to price rises of some essential commodities already overwhelming consumers, traders on the eve of Ramadan yesterday assured that the basic foodstuffs would not get costlier during this month of fasting. Chicken, pulses, dates and a number of spices are the latest items to undergo price …

Bangladesh’s consumers have increased consumption of palm and mustard oil as many of them have switched from soybean oil due to its rising prices, according to a recent report by the US Department of Agriculture (USDA). As a result of the shift, soybean oil imports and consumption are expected to …

Small and marginal potato farmers in Thakurgaon and Panchagarh districts have been left in a quandary as cold storage owners in the region are saying their spaces have been completely filled. As such, local potato growers are worried about how they will save some of the tubers for sale during …

Bangladesh Bank (BB) has asked banks to follow four new guidelines for offshore banking. The Statistic Department (SD) of BB issued the notification in this regard on Monday and sent it to the top executives of all the scheduled banks. [Offshore investment is the keeping of money in a jurisdiction …

Bangladesh’s economy has witnessed a 6.17 per cent inflation in February this year, the highest in 17 months. According to Bangladesh Bureau of Statistic (BBS) data, in February 2022, the economy faced 6.22 per cent inflation on food items that was 5.6 per cent in January. This showed that the …

Energy experts and representatives of consumer rights platforms urge the government not to increase gas tariffs in the country as they believe the proposed tariffs are irrational. They also say the authorities concerned should enhance their capacity, ensure transparency and reduce system losses, in order to compensate the additional expenses …

The government has developed a roadmap for the implementation of a substantive provision of the WTO Trade Facilitation Agreement to modernise border customs ports of the country by August 2023. The framework agreement is of cross-border paperless trade in Asia and the Pacific region with clear tasks, agency responsibilities and …

Stocks entered a second session of decline while market turnover remained low yesterday as people are shaky about making investments amid the rising cost of living and production in Bangladesh. Bangladesh Bank recently issued a directive asking lenders in the country to adjust the interest on deposits so that it …