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US payment card firms Visa Inc and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine. Visa said on Monday it was taking prompt action to ensure compliance with applicable sanctions, adding that it will donate $2 million …

Traders raised the price of edible oil again taking the price of one litre packaged soya bean oil to Tk 180 in different city markets on Monday, despite the government’s assurance that the price of the commodity would not rise until Eid-ul-Fitr in May. The commerce ministry and edible oil …

Bangladesh will lose one of the most promising apparel export destinations if various Russian lenders are excluded from the SWIFT messaging system in response to the country’s invasion of Ukraine, entrepreneurs warned. Western nations announced on Saturday a harsh set of sanctions to punish Russia for its invasion of Ukraine, …

Russia’s ruble plunged nearly 30 per cent against the dollar Monday after world powers imposed fresh, harsher sanctions on Moscow over its invasion of Ukraine. The ruble was indicated to be down 27 per cent at 114.33 per dollar in offshore trading, according to Bloomberg News. The United States and …

The implementation of the government’s plan to bring about large-scale industrialisation is in the slow lane as only two state-run economic zones are currently ready for setting up factories although Bangladesh set out nearly seven years ago to establish them. In 2015, the government set an ambitious target of setting …

Bangladesh’s progress in terms of achieving the sustainable development goals (SDGs) has been quite exceptional and the country is now seen as a role model for sustainable development, particularly in terms of locally-led adaptation. While Bangladesh’s achievements have been great, there are still some challenges on the road to achieving …

Bangladesh’s stocks bounced back yesterday enabling investors to recoup some of their losses incurred in the previous two days. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), soared 63 points, or 0.94 per cent, to 6,739 yesterday. The CASPI, the key index at the Chittagong Stock Exchange …

The claim settlement rate of life and non-life insurance companies in Bangladesh still lags behind the world standard as well as that of neighbouring countries such as India and this is the main reason for low public confidence in the sector. From 2009 to 2019, clients submitted claims worth Tk …

Oil prices soared past $100 for the first time in more than seven years on Thursday after Russian President Vladimir Putin announced a “military operation” in Ukraine, apparently realising fears he would invade. Brent surged to $100.04 a barrel after the announcement, as concerns grew about a full-scale conflict in …

A total of 1,000 acres of land in Araihazar upazila of Narayanganj has been prepared for a special economic zone (SEZ) dedicated to Japanese investors, according to Finance Minister AHM Mustafa Kamal. The Bangladesh Economic Zones Authority (Beza) and Bangladesh SEZ Ltd will now sign an agreement to set up …