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The stock market maintained an upward trend in the first two hours of trading today. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 4 points, or 0.05 per cent, to 7,060 till 12.10 pm. At the DSE, 191 stocks advanced, 124 dropped and 47 remained unchanged. …
Read More »Humayun for iodized salt to build talented generation
Industries Minister Nurul Majid Mahmud Humayun on Monday said iodized salt is very important in building a healthy and talented generation. “The ‘Iodized Salt Act, 2021’ has been enacted with the necessary amendments to abolish the existing ‘Prevention of Iodine Deficiency Diseases Act, 1979’. The act has been enacted for …
Read More »UAE for establishing joint business council with Dhaka
The bilateral relations between the two countries are below its potential and need to be explored properly United Arab Emirates (UAE) laid emphasis on strengthening economic and commercial relations with Bangladesh as bilateral relations between the two countries are below its potential. Assistant Minister for Economic and Trade Affairs of …
Read More »Stocks cross 7,000 points level after 11 days
The Dhaka Stock Exchange crossed 7,000 points level again after 11 working days within two hours of the start of the day’s trading. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 74 points, or 1.07 per cent, to 7,016. Turnover, an important indicator of the stock …
Read More »Rice price remains high despite huge imports, stocks
Rice price in Bangladesh has remained at an elevated level despite higher imports in recent months on the back of lower customs duty and reduced price in the international market as well as a record stock in government warehouses. The retail price of coarse rice, consumed by a majority of …
Read More »Fuel price hike adds to fish traders’ woes
Fuel price hike has augmented sufferings of Chattogram’s fish farmers and fishmongers, already hit hard financially by the Covid-19 pandemic. Wholesalers at Chattogram’s Fishery Ghat told the FE that the rise in diesel price has caused extreme damage to their trade as cost of running fishing trawlers, different modes of …
Read More »Pathao introduces Bangladesh to ‘Pay Later’ feature
Bangladeshi consumers can now get a taste of the global ‘Buy Now, Pay Later’ (BNPL) phenomenon thanks to the digital services platform Pathao, which is rolling out the feature today on a test basis. Globally, BNPL has exploded in popularity over the past year thanks to the pandemic-driven boom in …
Read More »Italy keen to invest in Bangladesh’s leather industry
Italy has expressed interest to invest in Bangladesh’s leather industry. Italian ambassador to Bangladesh Enrico Nunziata expressed the interest today during a meeting with Bangladesh Small and Cottage Industries Corporation (BSIC) chairman Mushtaq Hasan at BSIC building in the capital, said a press release. After the meeting, the BSIC chairman …
Read More »BPDB’s extra purchase order of petroleum puts BPC in trouble
A purchase order by the Bangladesh Power Development Board (BPDB) to import extra quantities of diesel and furnace oil has put the Bangladesh Petroleum Corporation (BPC) in big trouble. According to official sources, the BPDB placed an extra order to BPC to import 105,800 metric tons of diesels and 101,000 …
Read More »Stocks open higher riding on bank shares
Stocks opened higher on Monday, after the previous day’s sharp decline, as bargain hunters were showing their buying interest on selective bank shares. Some large-cap stocks such as BRAC Bank, Beximco, Orion Pharma, IFIC Bank and NRBC Bank led the index rise this morning. Following the previous day’s sharp fall, …
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