Stocks witnessed a sharp fall in the outgoing week after Eid holiday, as jittery investors fled risky assets, fearing that escalating Israel-Iran tensions will have a significant impact on the country's economy. Apart from the potential global crisis, the rising interest rates in the country promp
The first phase of the 135th Canton Fair, a leading global trade show, concluded on Friday with a huge presence of Bangladeshi businesses. A total of 29,209 enterprises, including 680 international firms, are taking part in the fair, which spans an area of 1.55 million square metres. Over 72,000 b
CHATTOGRAM, Apr 19: The Bangladeshi flag-carrier ship MV Abdullah which was hijacked by Somali pirates on March 12 this year and released after 32 days on April 14 is now heading towards the United Arab Emirates (UAE) and is scheduled to arrive at Al Hamriya sea- port in Dubai on Monday. Talking t
Bangladesh's food-grain imports from the international market dropped drastically during the July-February period in the current fiscal year from that in FY23. The import of food grains, primarily wheat and rice, fell by 35 per cent during the period in question of fiscal year 2023-24, according t
The prices of eggs, potatoes, onions and garlic increased last week after the Eid holiday, putting further strain on consumers. However, summer-vegetable prices showed a slight decline during the same period, offering some relief. Egg prices, which had been stable for around a month, jumped by Tk
Disillusioned saving depositors begin diverting their funds into higher-paying term deposits to make up for waning interest income amid higher inflation, sources say. The switch comes to such a pass that savings deposits in banks keep sinking for paltry returns as high inflation eats into interest
Government's revenue authority plans fiscal measures like raising tax rate on higher-income people to contain gaping income inequality in the country, sources said. The highest rate of taxes for taxpayers having an annual income above Tk 1.6 million might be revised upward in the budget for the
Israel’s apparent strike on Iran after days of prevarication was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier. Netanyahu’s war cabinet had initially approved
The short-lived relief on account of reduced price of bottled soybean oil at Tk 163 from the previous Tk 173 per litre enjoyed by the common consumers for the last two months is over. Vegetable oil refiners have decided to return to the pre-VAT-reduction price regime. Notably, the government, throu
Armenia has agreed to return to Azerbaijan four villages situated on their shared border, Azerbaijani Foreign Ministry spokesperson Aykhan Hajizada said on Friday. Hajizada posted on X that the four villages had been held by Armenia since the early 1990s and their return was a “long-awaited
When things go awry at policy level, the state can choose from two courses of action. First it can begin to take proactive measures in an effort to rectify past mistakes, regardless of how much pain it causes to the economy in the short-term so that the medium- to long-term is smoother sailing; or,
Students of the Bangladesh University of Engineering and Technology (BUET) are now at a critical point in maintaining their campus free from unwelcome student politics. They have already urged the government and the university authorities not to allow any political activities on the campus and dorm
