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The prime index of the Dhaka Stock Exchange (DSEX) slumped below 6,500-mark on Monday after seven weeks as jitter investors went on a heavy sell-off to avoid further erosion of their portfolios. The market witnessed a steep fall from the beginning of the session as investors, particularly the retail ones, …

Gold prices jumped about 1 per cent to a more than one-month high on Monday as concerns over the economic fallout from the Russia-Ukraine war and surging inflation drove investors to the safe-haven asset. Spot gold was trading at $1,993.28 per ounce as of 0947 GMT, its highest level since …

Bangladesh Submarine Cable Company will increase its planned investment to connect to a third submarine cable by 25 per cent to avail double the bandwidth. With Tk 870 crore, the company will now get 13,200 Gbps from the South East Asia–Middle East–Western Europe 6 (SEA-ME-WE 6) consortium. Currently the state-run …

The Bangladesh Securities and Exchange Commission (BSEC) has ordered nine stock brokerage companies to suspend 15 traders for placing share sell orders at zero price. “Placing sell orders at zero price is a breach of securities rules,” said Mohammad Rezaul Karim, spokesperson of the stock market regulator. Suppose a stock …

Bangladesh has made a strong economic recovery from the COVID-19 pandemic, but growth faces new headwinds as global commodity prices increase amid the uncertainty created by the war in Ukraine, says a new World Bank report. The report titled “Bangladesh Development Update – Recovery and Resilience Amid Global Uncertainty,” was …

S&P Global Ratings said Wednesday it could take months for Sri Lanka to restructure its foreign debt, a day after the country announced it would default on the $51 billion it has borrowed. It said it would likely assign Sri Lanka a “selective default” foreign currency rating after getting confirmation …

The Bangladesh Bank yesterday said that the New York County Supreme Court has not given any judgement in a case filed against the three prime accused in connection with the 2016 reserves heist. The three accused are Rizal Commercial Banking Corporation (RCBC), Lorenzo V Tan, who was president of RCBC …

Boro rice fields in low lying areas of numerous districts in the country’s northwest have been damaged by a sudden rush of water in the region, raising worries of losses due to reduced yields. The char areas of Sirajganj, Bogura, Gaibandha, Lalmonirhat, and parts of Nilphamari and Kurigram have all …

The Bangladesh Bureau of Statistics (BBS) is set to digitally conduct its sixth population and housing census for the first time from June 15 to June 21. The BBS made this announcement during a press briefing at National Economic Council yesterday. “Around 3.7 lakh enumerators will collect the data countrywide. …

The price of jet fuel shot up again last week, the 13th hike in 17 months, which will force domestic carriers to raise airfares, risking losing travellers and intense competition with foreign airlines. The move from the Bangladesh Petroleum Corporation (BPC) comes at a time when the airline industry is …