The International Monetary Fund (IMF) team did not raise the issue of lifting floor prices during its meeting with the Bangladesh Securities and Exchange Commission (BSEC) yesterday, said Mohammad Rezaul Karim, spokesperson of the regulator. In July, the stock market regulator set the floor price for each stock to halt …
Read More »Poor infrastructure failing Tangail BSCIC estate
The Bangladesh Small and Cottage Industries Corporation’s (BSCIC) industrial estate in Tangail has long been gripped by a myriad of troubles, including poor roads and drainage system, according to industry operators. Besides, the industrial area is not getting a smooth electricity supply while an unapproved kitchen market that occupies two …
Read More »Govt to shell out Tk 1,914cr to set up 5 jetties
The government is going to undertake a major project to set up five jetties and necessary infrastructure in the economic zones in the country’s south-eastern part to ensure the comfortable and safe movement of people and landing facilities and boost tourism. The shipping ministry has taken up the project, which …
Read More »Legacy issues, not just external factors, behind economic woes: analysts
Not only the external factors such as the Russia-Ukraine war, the energy crisis and supply bottlenecks but also the unaddressed legacy issues that are responsible for the current ills of Bangladesh’s economy, said economists yesterday. They listed a surge in inflation, the fluctuation in the exchange rate, depleting reserves, fewer …
Read More »British International Investment signs $50M climate loan to Pubali Bank
British International Investment (“BII”), the UK’s development finance institution and impact investor, announces a $50 million loan to Pubali Bank Limited (“Pubali”), a leading universal bank in Bangladesh. The loan facility will help to increase climate-related lending and boost climate mitigation projects across Bangladesh, reads a press release. Bangladesh has …
Read More »Consumers continue to suffer from price hikes
Consumers were still unable to get relief from rising prices in the capital’s kitchen markets, forcing them to be extremely thrifty when purchasing essential commodities. Volatility in the sugar market has not stopped yet, while prices of chicken and eggs also increased in the past week. Adding to that, prices …
Read More »Forex reserves to dip further this week
Low remittance and export earnings figures in September and October will prove to be costly, as another routine import payment to the Asian Clearing Union (ACU) is slated for this week, which will cause the country’s forex reserves to go down further. Data analysis shows that after that payment, the …
Read More »6th leadership summit held to strengthen the transformative humane leadership
Bangladesh Brand Forum organized its flagship initiative, Leadership Summit, for the sixth time on November 5, 2022. Powered by United Group and in association with Team Group, The Daily Star and Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), the gala night was held at Hotel Le Méridien Dhaka on …
Read More »FBCCI against hiking lending interest rate
President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Md Jashim Uddin today said that domestic industries would fall in difficulties if the current lending rate is increased. He said this while speaking at ‘ERF’s Dialogue’ as the chief guest, organized by the Economic Reporters’ Forum (ERF), …
Read More »Govt working to stop manipulators: Munshi
A section of unscrupulous traders has been trying to make the basic commodity market unstable by creating a syndicate after the international prices of essentials went up, Commerce Minister Tipu Munshi said yesterday. The commerce ministry and other government agencies are working to put an end to the market manipulation, …
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