Bangladesh’s national currency may weaken further against the US dollar as the central bank has moved to restore stability in the foreign exchange market.

Earnings of Bangladesh Shipping Corporation (BSC) rose 183 per cent year-on-year in the January-March quarter of the current financial year on the back of a significant increase in fares in the shipping sector internationally.

South Korean company HKD Bangladesh is going to establish an industry in Bepza Economic Zone to manufacture a range of camping equipment, from tents and sleeping bags to nuts and steel wires.

The government should properly manage subsidies in the energy sector as taxpayer-backed spending is set to surge owning to higher commodity prices in the global market, according to the Metropolitan Chamber of Commerce and Industry (MCCI).

From export bans to price controls, governments in Asia are taking a much more targeted approach than their Western counterparts in curbing global inflationary pressure, a strategy that appears to be working at least for now.

Customs authorities are planning to auction off on June 23 a total of 108 cars, including ones of luxury brands BMW, Land Rover, Mitsubishi, Mercedes-Benz and Lexus, brought to the Chattogram port around a decade ago duty-free under a UN convention.

Shabnam Vegetable Oil Industries, a concern of the TK Group of Industries, is set to secure a government contract to sell 5,000 tonnes of lentils at Tk 107.50 per kilogramme.

Bangladesh Bank has formed a Tk 2,000 crore refinance scheme to ensure sustainable development of the shipping industry, increase export earnings and employment and gradually reduce dependence on imports.

Climate change is a reality and it is mainly caused by humans. Despite contributing less than 0.47 per cent to global greenhouse gas emissions, Bangladesh is one of the most climate-vulnerable countries with millions of people and livelihoods at risk.

Bangladesh is likely to buy the bulk of its muriate of potash (MOP) from Canada and other countries to meet its requirement for 7.5 lakh tonnes of the chemical fertiliser to produce rice and other crops for the next fiscal year, said officials of the agriculture ministry yesterday, dispelling concerns of a shortage due to the war in Ukraine.

Consumers are already bearing the brunt of the high prices of edible oil, wheat and rice for the Russia-Ukraine war and unfavourable weather conditions on the domestic front.

The stock market regulator in Bangladesh has stepped up its efforts to forestall the freefall of shares despite criticism from institutional investors and analysts as uncertainty is deepening owing to the raging Ukraine war, persistently higher inflation and fresh coronavirus flareups.

For the first time, the Bangladesh Bureau of Statistics (BBS) will include data on remittance, returning migrants, and foreign nationals in the next digital population and housing census-2022, which will take place from June 15 to 21.

Bangladesh’s trade with Nordic countries has bounced back after the Covid-19 pandemic and is now growing gradually, said Industries Minister Nurul Majid Mahmud Humayun.

On April 26, State Minister for Power, Energy and Mineral Resources Nasrul Hamid met with a Nepali delegation led by Pampha Bhusal, the energy, water resources and irrigation minister of the country.

The installation of a fuel pipeline from Chattogram to Dhaka is progressing at a brisk pace as about half of the work is already complete while the rest is expected to be complete by December, according to project officials.

Bangladesh Bank yesterday said that private banks would be able to waive the interest of borrowers whose funds have been transferred to the lenders’ income segment, relaxing its previous stance in order to facilitate influential defaulters.

Eskayef Pharmaceuticals, one of the country’s top pharmaceutical companies, has set up Bangladesh’s first manufacturing facility to produce insulin cartridges, a positive development for the millions of local diabetic patients.

Japanese agricultural machinery manufacturer Yanmar has expressed interest to set up a factory in Bangladesh to manufacture combine harvesters for reaping paddy.

Chapainawabganj and Rajshahi yesterday secured their names as producing regions of Fazli mango meaning that the northern districts will be able to use its Geographical Indication (GI) tag, which will enable growers to brand the popular mango variety better at home and abroad.