News

Food processors in Bangladesh have either cut the size of packs or increased prices to absorb the surging cost of raw materials, handing a blow to end customers already struggling amid higher inflation. As a result, consumers are either getting less for the products whose prices have not been revised …

The jute industry in Rangpur is facing collapse as four small mills in the region have shut down while others may follow suit at any time after being compelled to shrink production due to multiple issues. The exorbitant price of raw jute amid unabated exports of the natural fibre to …

Potato farmers have come together to inaugurate this year’s exports in a sign of the country’s continued success in selling potatoes abroad. Four potato producer cooperatives joined the inauguration in Pairabandh, Mithapukur – the third annual inauguration in a row. Md Sayedul Islam, Secretary of the Ministry of Agriculture, and …

Stocks opened on a downward trend on Monday as the cautious investors were seen selling shares amid ongoing year-end earnings and dividends declarations. Following the previous week’s modest rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 16.44 points or 0.24 per cent to stand …

Banks’ overnight borrowing through interbank call money market grew by 65 per cent or Tk 1,19,698 crore in the first two months (January-February) of 2022 compared with that in the same period of 2021 as banks observed higher credit demand following a gradual economic activities restoration. According to Bangladesh Bank …

Lenders and clients in Bangladesh are set to get the opportunity to settle transactions instantly as the central bank has moved to expand the facility of real-time gross settlement (RTGS) to non-bank financial institutions and the foreign exchange operations of banks. The move will also help widen money circulation as …

The government should not raise fuel prices in the current fiscal year despite their record spike in global markets to give some respite to the people buckling under pressures for rising costs for essentials, said the Centre for Policy Dialogue (CPD) and economists yesterday. They argued that since there is …

Trading Corporation of Bangladesh (TCB) has started selling essential items through family cards at subsidy rate here along with other parts of the division since this morning. Commissioner of Rajshahi Division GSM Zafarullah accompanied by Deputy Commissioner (DC) Abdul Jalil and others concerned opened the selling activities at Mahisbathan Colony …

Speakers at a webinar on Saturday said that if gas prices are raised again for the household consumers in the current situation, it will come as a big blow to the masses amid the price hike of essentials. “Really, the people are in a grim situation… the queues for TCB …

International Trade Union Confederation (ITUC) has found fresh evidence of violation of workers’ rights in three major industrial sectors of Bangladesh. The three sectors are: readymade garment (RMG), ship-breaking and leather sectors where it also found unfair labour practices, anti-union discrimination, unsafe workplaces, violence against workers and non-payment of wages …