Current News

Bangladesh’s wheat import fell to its lowest in six years as many consumers switched to rice irked by surging prices of the grain. Public and private importers brought in 40 lakh tonnes in fiscal year 2021-22, down 25 per cent year-on-year as businesses drastically cut imports, according to food ministry …

Local airlines will have to face a severe blow losing their competitiveness globally due to an unprecedented hike in the price of jet fuel in the domestic market in one go. Padma Oil Company, a subsidiary of Bangladesh Petroleum Corporation (BPC), recently increased the price of jet fuel by Tk …

Big and green apparel factories are content bagging a constant stream of work orders but small, medium and subcontracting units are suffering amidst volatility in the global garment supply chain stemming from the Russia-Ukraine war. However, the inflow of work orders based on which local garment factories would make deliveries …

Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues. The decision by the world’s biggest palm oil exporter could further …

The government has given go-ahead to 47 companies to import 73,000 tonnes of rice as part of its ongoing effort to contain food prices in the local market. The firms have been asked to bring 60,000 tonnes of non-basmati boiled rice and 13,000 tonnes of non-boiled atap by August 25, …

Dhaka, July 12: Bangladesh and Argentina want to strengthen the relations on all fronts including a robust trade relation with opening of an Embassy of Argentina in Dhaka soon. Bangladesh and Argentina on Tuesday signed a Memorandum of Understanding (MoU) on Foreign Office Consultation (FOC) at State guesthouse Padma. The …

The sale of rawhide at the retail level has dropped significantly as the tanners procured the items directly from the households, the rawhide traders have said. The retail sale of the rawhide has been declining over the last few years as the owners of tanneries have been buying rawhides directly …

Abdur Rouf Talukder, new governor of Bangladesh Bank, today said containing inflation would be his top priority. Talukder, who joined the central bank as its 12th governor today morning, also stressed the need for bringing back stability in the foreign exchange market by stabilising the exchange rate between the taka …

Foreign exchange reserves in Bangladesh have slipped below $40 billion after the Bangladesh Bank cleared the import payments to the Asian Clearing Union (ACU). The country settled import payments worth $1.99 billion with the ACU last week, plummeting the reserves to $39.80 billion today for the first time in nearly …

Stock market index dropped today in the first session after the Eid vacation while turnover of the main bourse also plunged. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell 11 points, or 0.18 per cent, to 6,355 at the end of the day. Turnover of the …