Current News

Use of launch services in Barishal declined by up to 50 per cent in the first seven days after Padma Bridge was inaugurated but the situation has since changed thanks to an onrush of Eid home-goers. Launch owners say there was an initial reduction in cabin bookings as people preferred …

Rawhide was not being bought and sold at prices fixed by the government, but the market situation was fairly good compared to last year. Traders said there is a demand for rawhide in the markets. There were no such incidents of dumping rawhides into rivers or anywhere in the country …

Garment exports to Bangladesh’s single largest destination, the USA, rose by 51.57 per cent year-on-year to $9.01 billion in the just concluded fiscal year. Germany remained the second largest export destination, as Bangladesh shipped garment items worth $7.16 billion to the central European nation, registering a 27.74 per cent year-on-year …

State Minister for Power, Energy and Mineral Resources Nasrul Hamid urged countrymen to be miser in using electricity and gas. He made the suggestion in the wake of power and energy crises across the globe due to war between Russia and Ukraine. However, he indicated that ongoing load shedding caused …

Cattle trading in the capital reported poorly on the first on Wednesday as traders sought high prices for sacrificial animals from prospective buyers. The FE visited makeshift markets at Kamalapur, Shajahanpur, Jatrabari and Shanirakhra areas and found traders taking care of cattleheads. Customers were seen looking and sizing up cattle, …

The demand for liquid cash has surged in the banking sector with the banks’ daily average borrowing from the call money market increasing by 48.42 per cent or Tk 3,043.4 crore in three days up to Tuesday before Eid-ul-Azha compared with that in the previous week. Eid-ul-Azha, one of the …

The government has taken steps to prevent rawhide smuggling in areas along the country’s border, industries secretary Zakia Sultana has said. ‘Already the government has fixed the prices of rawhides in Dhaka and outside the capital, and it has strengthened vigilance in areas along the border to prevent rawhide smuggling,’ …

Leather, leather goods and footwear exports from Bangladesh reached a 10-year-high in the just concluded fiscal year thanks to the arrival of orders that shifted away from competitors, according to industry players. Exports were at a record high of $1,245 million in fiscal 2021-22 as importing countries reduced their dependency …

Oil prices rose Wednesday after suffering a painful drop the previous day, though the euro remained wedged at a 20-year low and equities mostly fell in Asia as recession fears continue to flow through trading floors. Both main crude contracts were pummelled Tuesday as investors grow increasingly worried that leading …

The government’s paddy procurement drive is far below its target for this year even though two months have gone by since the process began at the end of April. The Directorate General of Food (DG of Food) could only procure one-fifth of its target to buy paddy grown in the …