News

Bangladesh hopes for GSP+ facility on the European Union (EU) market until 2029 as well as some more trade preferences. Commerce Minister Tipu Munshi came up with such optimistic outlook after a meeting with the EU head of delegation in Bangladesh, Charles Whiteley, at the secretariat on Wednesday, two days …

Stocks finished almost flat on Wednesday, with turnover crossing Tk 15 billion-mark on the Dhaka bourse, as investors were active on both sides of the trading fence. Following the previous day’s steep rise, the market opened on a positive note and the key index rose 37 points within the first …

Whether fuel pump prices fall in 2022 depends on two groups of producers who are struggling to increase oil output in the wake of the pandemic: OPEC and its allies and US shale firms. The global oil industry’s slow response to the surging demand in 2021 has contributed to soaring …

Enabling advantageous facilities for investors and making it easier to do business will help Bangladesh attract the foreign direct investment (FDI) expected in different sectors, according to the Foreign Investors’ Chamber of Commerce & Industry (FICCI). The government should focus on foreign investors’ success stories and get them involved as …

Bangladesh Bank has asked Sonali Bank to explain why the state lender should not face a penalty for its overexposure in the capital market. In a letter issued on November 15, the central bank ordered the lender to provide an explanation by today. The exposure stood at 26.6 per cent …

Technology upgradation in the apparel industry is crucial to remain competitive in the global market, said the apex trade body of Bangladesh’s garments manufacturers. “Use of modern technologies, tools and software are predominant when it comes to enhancing productivity and quality,” Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque …

Bangladesh sends over 50% of its exportable goods to the EU market while the USA is the single largest export destination of Bangladeshi goods The government will sit with stakeholders in the export sectors soon to review the export market and possible impact incoming due to the spread of coronavirus …

Edible oils are being traded at up to Tk 20 a litre above government-set prices of the commodities in the city markets. Traders were also charging higher than government-set prices for sugar. Retailers were blaming wholesalers while the wholesalers were holding refiners responsible for charging prices higher than commerce ministryapproved …

Most listed power generation companies saw their profits rise in the July-September period of the ongoing financial year as the economy is recovering from Covid-19, according to industry people. “The economy is rebounding after the coronavirus pandemic so power utilisation rose,” said Badrul H Khan, company secretary of United Power …

The stock market maintained an upward trend in the first two hours of trading today. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 4 points, or 0.05 per cent, to 7,060 till 12.10 pm. At the DSE, 191 stocks advanced, 124 dropped and 47 remained unchanged. …