News

The prices of potato and onion increased on the kitchen markets in the capital Dhaka on Friday while the prices of broiler chicken and some of the vegetables decreased over the week. However, the prices of many other essential commodities, including rice, atta, edible oil, sugar and beef, remained high …

Fashion retailer H&M reported a surprise operating profit for the December to February period as cost-cutting measures started to bear fruit despite consumers curbing spending, but said a cold spell was holding back sales in March. While H&M showed signs of bringing its costs under control, it still struggled to …

Prime Minister Sheikh Hasina yesterday emphasised on enhancing economic cooperation between Bangladesh and Vietnam for the mutual benefit of the two countries. She made the observation while outgoing Ambassador of Vietnam Pham Viet Chien called on her at Gono Bhaban, Ihsanul Karim, the PM’s press secretary, told reporters. During the …

Asian Development Bank (ADB) is working to provide around $2 billion in budgetary support to Bangladesh this fiscal year in a co-funding initiative it plans to lead, a move that would to some extent relieve the existing pressure on the foreign exchange reserve. “We are working on it. I am …

Commerce Minister Tipu Munshi has said the prices of many essential commodities have already come down and the trend may continue to further ease the situation. “Although the prices of some products marked increase during the current holy month of Ramadan, the same have come down now,” the minister said …

The National Board of Revenue (NBR) has made electronic payment mandatory for all types of taxes in order to ensure real-time receipt and improve government’s overall cash flow. Officials at the tax administration said until now taxpayers have to pay up to Tk 500,000 through automated challan (A-Challan) or e-payment. …

Bangladesh Bank has asked banks and non-bank financial institutions to raise their loan disbursement ratio for cottage, micro, small and medium enterprises (CMSMEs) to 25% of their outstanding loans by 2024. From next year, of all the loans provided to this sector, 50% must be distributed among cottage, micro and …

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants to amend the Bangladesh EPZ Labour Act to allow for trade unions and other worker rights, which is also favored by US and European Union (EU) officials. The garment industry’s governing organization believes that all sectors should have equal rights and …

Gold and silver prices rose in intraday trading on Friday on the back of an easing bank crisis and the interest rate hike by the European Central Bank (ECB). Gold prices reached as high as Rs 58,277 per 10 grams in intraday trade. The gold futures contract for April 2023 …

The Average daily transaction of mobile financial service (MFS) has crossed Tk3200 core and its volume shows a growing trend, said the latest report of Bangladesh Bank (BB). Analysing the data of 13 MFS in the country the BB report said that MFS gets popular in Bangladesh due to convenient …