Current News

The government has set an inflation target of 5.5 per cent for the next fiscal year although the prices of basic commodities are sitting at elevated levels for higher commodities prices globally amid lingering supply chain disruptions and the Russia-Ukraine war. And economists say the goal for FY2022-23 might not …

Keeping consistency with the market, banks will determine the US dollar price. The instruction was given to banks of the country, on behalf of Bangladesh Bank, on Thursday (June 2). In this regard, Executive Director and spokesperson of Bangladesh Bank Sirajul Islam said the banks may fix dollar price keeping …

The purchasing capacity of lower and middle-class people of the country have gone beyond their income as prices of most essential commodities have increased further. The hike in prices of daily products, including rice, atta, flour, potato, garlic, sugar, chicken, mutton and egg, has made livelihood costlier. Consumers are facing …

The Matarbari deep-sea port will be connected by a train link with the port city and Dhaka as a new railway track will be set up leading to the Chattogram-Gumdum-Cox’s Bazar dual gauge double line. Sources said a 26-kilometre railway track will be set up under the Chattogram-Cox’s Bazar dual …

The ten most-traded stocks accounted for 28 per cent of the weekly market turnover on the Dhaka Stock Exchange (DSE) this week. Beximco topped the turnover chart as it generated a turnover of Tk 2.59 billion, which was 6.61 per cent of the week’s total turnover, according to the DSE …

World food prices fell slightly for the second consecutive month in May but wheat prices rose again as Russia’s war in Ukraine rages on and India banned exports of the commodity, a UN agency said Friday. Russia’s invasion of Ukraine sent food prices to a record high in March as …

Foreign assistance disbursement jumped 58 per cent in the current fiscal year’s July-April period thanks to spending for vaccination, one-time budget support and implementation of mega projects, including that of the Russia-funded Rooppur nuclear power plant. Development partners disbursed $7.71 billion, up from $4.86 billion in the previous fiscal year, …

The harvesting of Haribhanga, a variety of mango native to north-western districts such as Rangpur, will begin in the once Monga-stricken region on June 20, according to officials of the local administration. Monga is a Bengali term referring to a yearly cyclical phenomenon of poverty and hunger that took place …

Export earnings, the largest source of foreign currencies for Bangladesh, slowed in May reflecting the fall in demand in western economies reeling from the crisis caused by higher inflation, the Russian–Ukraine war and supply chain bottlenecks. The country earned $3.83 billion in merchandise exports last month, up 23.24 per cent …

Bangladesh’s trade deficit shot up 53 per cent year-on-year to $27.5 billion in the July-April period of the current fiscal year as the surge in imports continued against lower export receipts, exceeding last year’s total shortfall. Bangladesh paid $68.67 billion in import bills in the 10 months ending in April, …