Bangladesh's foreign exchange reserve fell by almost $1.47 billion in a span of eight days

While a number of blue chip stocks are trading at less than Tk 60 at the Dhaka Stock Exchange (DSE), shares of a company recently found to be non-existent were trading at Tk 195.6 yesterday.

A uniform exchange rate has remained a far cry in Bangladesh despite banks moving to embrace a single rate of the US dollar amid a deepening shortage of the American greenback.

The scale of the immediate but devastating effects of the Covid-19 pandemic on Bangladesh’s economy emerged for the first time after the Bangladesh Bureau of Statistics (BBS) published the quarterly data of the GDP to meet IMF’s conditions.

Refiners in Bangladesh yesterday cut the price of soybean oil by Tk 5 and palm oil by Tk 4 a litre after edible oil prices declined in the international market.

Dhaka Stock Exchange (DSE) signed a memorandum of understanding (MoU) with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday targeting to get green garment manufacturing companies listed.

A supportive economic policy, diversification of export products, innovation in products and domestic resource mobilisation are needed for further economic growth in Bangladesh, said Adnan Khan, chief economist of the UK’s Foreign, Commonwealth & Development Office. 

Standard Chartered Bangladesh joined the “Regional Climate Summit 2023” as a sustainable investment partner of the programme.

The Commonwealth Trade and Investment Forum concluded yesterday with the promise of enhancing cross-border investment to flourish economies in the bloc.

The simplification of customs clearance processes is needed for the improvement of the logistics sector in Bangladesh, analysts told a seminar yesterday. 

Apparel shipment worth $26.78 billion from Bangladesh might be affected due to extreme weather conditions like heat and floods by 2030, according to a study of Cornell University in the US.

A teacher was once pranked by two students. They tricked him into thinking that he was experiencing a 5G-enabled VR application that turned out to be a nightmare. They hacked into his smartphone and VR headset to create a customised frightful VR environment and recorded his reactions as he suffered in the VR world.

In order to increase the capacity of gas and fuel import, processing, and storage, an "Oil and Gas Terminal" is expected to be constructed in the Bay Terminal area under Chattogram Port Authority

Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday.

Prime Minister Sheikh Hasina has invited investors from the Commonwealth countries to come to Bangladesh in a bigger way.

Beximco Pharmaceuticals Ltd has been prohibited from supplying its timolol and latanoprost-branded eye drops used in glaucoma treatment in the European Union and the European Economic Area (EEA) owing to design concerns at its ophthalmic manufacturing unit, according to a news report.

Bangladesh might be the second-largest apparel supplier in the world, but its current installed capacity will not be adequate to meet demand if orders surge significantly as buyers shift away from countries such as China and Vietnam.

Bangladesh’s average nominal tariffs are higher than in low-income, middle-income and high-income countries, as well as most of its comparators, said an economist yesterday.

The state-run Trading Corporation of Bangladesh (TCB) yesterday began selling four essential commodities at a rate lower than the market prices.

As the uncertainties brought about by the Covid-19 pandemic are gradually dissipating, companies worldwide are reviewing and revising their strategic priorities. Business leaders are increasingly changing their stance from managing crises to seizing new opportunities.