News

Bangladesh Bank on Thursday claimed that it would allow the market, meaning demand and supply, to fix the exchange rate of the US dollar against the local taka. Earlier in May, the central bank had taken the same decision but later backtracked from it to artificially keep the local currency …

Farmers in the district got bumper production of Aush paddy with a yield of 8,577 tonnes of rice from 3127.2 hectares of land this year. Department of Agriculture Extension (DAE) office sources said the farmers already completed harvesting of the crop on September 8. The office said the crop has …

Bangladeshi textile millers put forward seven points at a meeting with the International Cotton Association on Thursday, seeking changes in the cotton rulebook for ensuring equal treatment for both the cotton buyer and seller. The points included mandating written confirmation for a cotton contract, mediation before arbitration, mandating oral hearing …

The country’s overseas employments in the eight months of the current year witnessed a robust growth following demands of manpower from different job-destination countries. Bangladesh sent 783925 workers abroad in the January-August period of 2022, as against 275791 in the matching period of 2021, reflecting more than 184 per cent …

Indian businesses want to invest in energy, transport and agro-processing sectors in Bangladesh, Commerce Minister Tipu Munshi said yesterday. Besides, Adani Group has proposed to invest Tk 4,500 crore in Bangladesh, he said. The minister spoke from his residence in Rangpur while sharing the outcome of Prime Minister Sheikh Hasina’s …

State-run Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) started drilling a workover well in Biyanibazar gas field on Saturday to reinitiate gas production from the well after five years. “We have initiated drilling of Biyanibazar-1 well today (Saturday) in search of a new gas zone some 3,200 metres beneath …

A common scenario in the domestic stock market is low performing stocks becoming the top gainers no matter how the market indices react. For example, shares of certain companies that have been incurring losses for more than a decade and struggle to give their investors even a penny soared two-fold …

A saver will face a maximum of six months of imprisonment, Tk 100,000 in fine, or both, if he or she provide false information while buying savings certificates under the new Public Debt Act 2022, which replaced the British-era law. The government issued a gazette to this effect on Wednesday. …

The number of internet users in Bangladesh rose in July on the back of a spike in mobile data consumption as operators try to expand their network and improve the quality of 4G service. There were about 14 lakh new data subscribers in the month compared to June, taking the …

The sale of national saving certificates, which was declining since last year, almost hit rock bottom in July, the first month of the new fiscal year 2022-23. Insiders believe sales of the savings tool may decrease further in the next months, despite several steps taken by the government in recent …