Current News

A US-based multinational Huntsman Corporation is set to invest $20 million in an industrial unit at a private economic zone (EZ) in Bangladesh, people familiar with the development say. It will establish a dye and chemical manufacturing plant on five acres of land at Abdul Monem Economic Zone in Munshiganj. …

Stocks extended the rally for the fourth straight week that ended on Thursday as the investors continued to bet on major sector shares despite the rising Covid-19 cases. Week on week, DSEX, the prime index of Dhaka Stock Exchange (DSE), surged by 88.46 points or 1.26 per cent to settle …

The prices of soya bean oil and eggs went up on the kitchen markets in the capital, Dhaka, over the week ending Friday. Traders said that wholesalers raised the price of unpackaged soya bean oil while the price of eggs increased due to a supply shortage. The price of unpackaged …

Several hundred people from different parts of the country are gathering daily at an orchard abundant with ripe oranges in Thakurgaon’s Pirganj upazila as pictures of the location went viral on social media giant, Facebook. And since they are buying the produce directly from the trees, owners do not need …

Bangladesh Bank yesterday extended the relaxed loan repayment facility for shipbuilders in a bid to help the industry tackle adversities derived from the ongoing coronavirus pandemic. As per the central bank decision, shipbuilders will get another two-year moratorium to pay back bank loans. In April 2018, Bangladesh Bank relaxed the …

For the first time in history, Bangladesh Bank yesterday fixed minimum salaries for entry level bank officials in a bid to encourage talented youths to choose banking as a career and play a role in the nation’s economic advancement. The central bank said the entry level salary of assistant officers, …

Bangladesh Bank has issued fresh instructions to banks in a bid to avoid any volatility in the forex market. On Tuesday, it instructed commercial banks not to open letters of credit (LCs) for those without lawfully renewed Import Registration Certificates (IRCs). In another notice on Monday, the central bank asked …

The central bank has asked all banks and non-bank financial institutions (NBFIs) to utilize digital trading platforms in providing micro, small and medium enterprises (MSMEs) access to receivable financing. The Bangladesh Bank on Monday issued a circular in this regard conforming with the “Guidelines for Local Factoring/Receivable Financing through Digital …

Agri-Science Society is a volunteer organization working for developing apps to aid digitalization in the agriculture marketing and farming sector of Bangladesh. Sheikh Shoaibur Rahman, a student of Sher-e-Bangla Agricultural University, founded the Agri-Science Society in 2019 with a dream of modernizing traditional farming to enhance food production without destroying …

Stocks extended the rally for the fifth consecutive session on Wednesday as the buoyant investors continued to put bets on sector-specific issues. Following the previous day’s flat ending, the market opened on a positive note and the upward trend sustained until the end of the session. Finally, DSEX, the prime …