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The Cabinet Committee on Government Purchase (CCGP) today approved separate proposals for procuring some 1.60 crore litres of soybean oil and 60,000 metric tons of fertilizer to meet the growing demand in the country. The approval came from the 7th meeting of the CCGP in this year held virtually with …

The Bangladesh Bank has now made the two-part diploma of the Institute of Bankers, Bangladesh (IBB) mandatory for the promotion of senior officers or above officials for the non-banking financial institutions (NBFIs) after the banks. In a circular published today, the Department of Financial Institutions and Markets (DFIM) of the …

The government has planned to bring reforms to savings tools so that the commoners get a relief amid high inflationary pressure on the economy, officials related to the development sector said. The Internal Resources Division (IRD) under the Ministry of Finance formed a committee for drafting an integrated policy for …

The rising cost of living has forced lower- and lower-middle-income people to make difficult choices regarding food consumption and health and education expenses. The exorbitant prices of daily essentials and regular hikes in the prices of services made the fixed-income group distressed as their income remained stagnant. Economists and market …

Farmers in the greater Rangpur region are so far pleased with their mustard yields amid the ongoing harvesting period while prices for the major oilseed are higher compared to what they were last season. According to growers in the region, they are getting up to six maunds of mustard from …

The International Finance Corporation will invest $1 billion annually over the next five years under the Bangladesh Investment Climate Fund (BICF) programme. “We are committed to supporting Bangladesh’s continued sustainable development and hope to be able to invest $1 billion each year over the next five years,” said Martin Holtmann, …

Information technology exports from Bangladesh shot up 36 per cent in the first half of the current financial year, beating expectations of industry players as the local IT industry showed resilience against the global economic turmoil. IT companies brought home $282.77 million in the July-December period of 2022-23, up from …

The 15th edition of the International Plastic Fair kicked off in Dhaka yesterday with a call to ensure industry compliance so that Bangladesh can sustain its share in the global export market. The international market for plastic goods, including the European Union (EU), is rapidly implementing environmental policies through the …

The government has eased the rule of compulsory fumigation test for import of American cotton, particularly from the United States, clearing the ways for smooth import of the raw material of textile mills, the backward linkage industry for country’s main export earning garments. The importers would be able to bring …

Banks will provide a special benefit of Tk0.50 for each US dollar to repatriate the export income of December and January by February 28. A meeting of managing directors (MDs) of state-owned and private banks has decided that the special benefit of an additional Tk0.50 against each dollar of export …