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The government should restore discipline in the banking sector as some banks made abnormal profits by selling US dollars cashing in on the exchange rate volatility, FBCCI President Md Jashim Uddin said today. “Some banks even have made Tk 200 crore to Tk 300 crore within a short span of …

Consumers are in trouble as wheat prices have rapidly gone up in the country, with insiders saying that is more than rice prices. Rice is the staple food grain of the majority in Bangladesh. However, because flatbread is less expensive than rice, it is popular among rural and the low-income …

With data released by the Bangladesh Bureau of Statistics (BBS) saying that inflation hit a 10-year high in August, we are worried by the continuing inflationary trend, which seems poised to hit a boiling point. Overall, inflation surged to 9.52% in August, then dropping to a still-high 9.10% in September. …

Bangladesh is maintaining its growth in exporting denim apparel to the US as the top supplier, despite slowdown in the US due to falling consumer demand caused by global economic challenges. According to the Commerce Department’s Office of Textiles and Apparel (Otexa) data, in first eight months (January-August) of 2022, …

In the first nine months of the current year, Grameenphone, the largest telecom provider in the nation, recorded total revenues of Tk11,286.75 crore. According to the operator’s financial reports, it registered a growth of 5.7% from the same period last year. The growth comes despite losing 2.9 million subscribers in …

Following the strict rules and regulations, a new and modern training centre was established to train operating personnel for Rooppur Nuclear Power Plant (RNPP) at Ishwardi, Pabna. “Bangladeshi personnel will be trained in specialized classrooms and other facilities with state-of-the-art equipment,” Director General of Rosatom State Corporation Alexey Likhachev said. …

Bangladesh’s foreign currency reserves have dropped below $36 billion, 28 months after crossing the mark, despite the government’s austerity measures to save dollars, bdnews24.com reports. According to the Bangladesh Bank, the reserves stood at $32.48 billion in December 2019 and it began rising afterwards. The reserves reached $48 billion, a …

Resource constraints, including shortage of capital, required policy support and failure to attract desired foreign direct investment (FDI) in the country’s potential sectors, are the major obstacles in diversifying export baskets over the years, experts and economists said on Thursday. Moreover, absence of integrated trade and sector strategies and follow-on …

Experts and business leaders on Thursday said that absence of integrated strategy, low competitiveness of new products and lack of bilateral and regional negotiations in securing access to exports and foreign direct investments were the major constraints for Bangladesh to diversify its exports. The government should extend long-term sector based …

The prices of rice, sugar, onions and edible oil increased on the kitchen markets in Dhaka city over the week ending Friday. Although the government raised the price of sugar twice in last one month and set the price of unpackaged item at Tk 90 a kilogram as per demand …