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The Bangladesh Investment Development Authority (Bida) has joined hands with US-based venture capital firm Anchorless Bangladesh to attract and facilitate targeted global investments and jointly promote investment opportunities in Bangladesh and abroad. A memorandum of understanding (MoU) was signed in this regard at a programme at Bida’s head office in …

Stocks today extended the winning streak for the fifth straight sessions thanks to the higher participation of investors. DSEX, the prime index of the Dhaka stock exchange, went up by 24.38 points or 0.38 per cent to finish at 6,457. Two other indices also edged higher. The DS30 index, comprising …

Apparel workers are far from earning a living wage still, said experts on Wednesday. “Workers are not earning a minimum wage while inflation has driven up prices of everything from food, goods and services,” said Centre for Policy Dialogue (CPD). They also called for a new wage board commission at …

Major producers in Bangladesh colluded with each other to send the price of eggs to an unprecedented level in the middle of August, hurting the pockets of consumers already struggling to make ends meet, according to a probe report. Usually, wholesalers sell eggs at a profit of 15-20 paisa per …

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 15 percent in the first month (July) of the current fiscal year (FY23) fetching Taka 17,520.45 crore. The revenue collection by the revenue board in July last year was Taka 15,344.25 crore. According to NBR, …

Farmers are happy as they are getting satisfactory yield and market price of jute everywhere in the region during the current season. Rafiqul Islam, 45, a resident of Devipur village under Durgapur upazila in the district, has harvested around 12 mounds of jute fibre from two bigha of land. In …

The price of US dollar has turned volatile again in the open market with increasing demand for imports despite the recent policy measures taken by Bangladesh Bank. The exchange rate of the US dollar in the kerb market was Tk 110.5 on Wednesday against the official rate of Tk 95.00 …

The cost of Padma Bridge is set to increase yet more at the fag-end of the project tenure due to unprecedented devaluation of local currency against US dollar and price escalation of construction materials over the contract price, project sources said. They said the estimated fund for managing the contingencies …

Bangladesh is in discussion with Russia to procure crude and refined oils, the Russian envoy in Dhaka said Wednesday, as alternative trading arrangement is envisaged as a last resort amid a global crisis. “A number of initiatives regarding the supplies of Russian crude and refined oil are being discussed, both …

Bangladesh’s forex dealers’ body will fix market-driven exchange rate daily for overseas exchange houses, as the central bank is in a drive to enforce discipline in dollar dealings. Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) seeks active support of the central bank to maintain a uniform rate for the exchange houses. …