News

In a bid to gear up digital transactions, banks and financial institutions have been asked to replace their proprietary QR codes within June with a uniform one developed earlier by the Bangladesh Bank. The central bank gave the directive yesterday as most banks and financial institutions are reluctant to embrace …

Potato acreage has declined to a seven-year low this season as many farmers switched to other crops, particularly mustard, as the production cost of the oilseed is lower than the tuber while its prices are more attractive. The total area for cultivating potato, one of the most highly consumed vegetables …

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), lost 3 points, or 0.05 per cent, to 6,292 at 11:35 am. Turnover stood at Tk 239 crore. Of the securities, 53 advanced, 110 declined and 125 remained unchanged. The Caspi, all-share price index of the Chittagong Stock Exchange, …

Thefts of apparel products on highways are becoming a serious problem for exporters, said Faruque Hassan, president of the BGMEA. During a press conference in the capital on Tuesday, he also sought increased highway security to avoid theft. He advocated severe penalties for people involved in the theft of export-bound …

The general point-to-point inflation rate in January eased further as it fell to 8.57 percentage points down from 8.71 percentage points last December mainly because of the downtrend in food and non-food inflation. The general point-to-point inflation rate in November last was 8.85 percentage points, according to the monthly consumer …

Tourism recovery in Asia and Pacific region has picked up speed and might rebound to the pre-pandemic level by 2024, according to a report released by the Asian Development Bank (ADB) on Tuesday. The Asian Economic Integration Report 2023 said international tourist arrivals in the Asia-Pacific region rose by 399 …

The government’s successful negotiation of a $4.7 billion, approved at the Executive Council of the International Monetary Fund (IMF), will raise confidence in the macroeconomy amid a volatile foreign exchange market, analysts said. They said that the IMF loan program can help bring stability to the macroeconomic situation in two …

Finance Minister AHM Mustafa Kamal has said the National Board of Revenue (NBR) has earned Taka 40,000 crore more in 2021-22 fiscal year compare to the previous fiscal. “The NBR has earned over Taka 40,000 crore more in 2021-22 fiscal year compare to 2020-21 fiscal”, said the finance minister replying …

Prices of chickpeas keep on rising in the Chattogram wholesale market, increasing the prices of the widely consumed item in the retail market far ahead of Ramadan. The wholesalers at Khatunganj, Chaktai and Asadganj in the port city are selling chickpeas at high prices. Within the last one week, the …

Bangladesh’s external debts soared by $31 billion in the past three years, reaching nearly $94 billion at the end of December 2022, indicating a growing reliance of the country on foreign loans for its development initiatives. According to Bangladesh Bank data, the country’s foreign debts were $62.99 billion at the …