Welcome to Business Outlook
The development agency of France will provide €330 million for the implementation of development projects in Bangladesh. Bangladesh and France have signed three agreements in this regard. Of the €330 million, Agency France Development (AFD), a development bank and cooperation agency, will provide €200 million for budget support due to …
Read More »Dhaka bourse’s index crosses 7,000 points after eight working days
The Dhaka bourse’s index rose to over 7,000 points today after a break of eight working days. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), increased 42.94 points, or 0.61 per cent, to 7,025 until 1:06 pm. So far, 205 stocks advanced, 119 fell and 48 remained …
Read More »Country’s first hydrogen fuel plant nears completion
Bangladesh’s first hydrogen fuel production plant, a project initiated by the Bangladesh Council of Scientific and Industrial Research (BCSIR), is all set to begin operations by June next year. The plant will produce hydrogen by converting household waste and water into highly combustible fuel through a process known as biomass …
Read More »Jacked up diesel price in Bangladesh cheaper than most neighbours’
Only Pakistan and Sri Lanka sold diesel at prices lower than that of Bangladesh as of Tuesday, but diesel is more expensive in India, Bhutan, Maldives, and Nepal Despite the recent hike in the price of diesel in Bangladesh, the country still offers the fuel at a cost lower than …
Read More »Sadhan for ensuring safe food for healthy nation
Food Minister Sadhan Chandra Majumder said on Tuesday safe food would play a very significant role in building a healthy, strong and talented nation. “The incumbent government is making efforts to build safe food production, processing, preservation; marketing and consumption habits . . . public awareness can make this effort …
Read More »BACI expresses concern over rising prices
The Bangladesh Association of Construction Industry (BACI) has expressed concern that the recent rise in prices of construction materials could halt all government construction projects, may hamper annual development programs, and could adversely affect the country’s socio-economic development and left a large group of workers jobless. The speakers made these …
Read More »Stocks recover after two-day fall
Stocks rebounded yesterday as many investors kept putting their money into shares that lost much of their value after a two-day consistent plunge. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 68 points, or 1 per cent, to 6,868. Investors are now making purchases as they …
Read More »Potato prices soar on depleting stocks
In line with the spiralling cost of other daily essentials, the retail price of potato rose sharply by 39 per cent. Each kilogramme (kg) was selling for Tk 22 to Tk 28 in Dhaka markets yesterday whereas it was Tk 16 to Tk 20 a month ago, according to the …
Read More »ADB launches program to strengthen community resilience in Asia, Pacific
The Asian Development Bank (ADB) joined today at COP26 with the government of the United Kingdom and the Nordic Development Fund (NDF) to launch the Community Resilience Partnership Program (CRPP). The programme aims to strengthen climate resilience for local communities, including for women and girls, by scaling up climate adaptation …
Read More »IFAD continues supporting smallholder farmers in Covid recovery
As part of continued efforts to combat the disruptive impact of the COVID-19 pandemic on the lives of smallholder farmers, the International Fund for Agricultural Development (IFAD) and the Ministry of Agriculture (MoA) have started distributing homestead vegetable gardening (HVG) inputsand processing equipment among 50,000 smallholder farmers from seven coastal …
Read More »