Economy

Bangladesh’s banking sector launches BSIC

Thirty-nine of Bangladesh’s commercial banks have collectively launched the country’s first institutionally governed venture capital platform, marking the most significant attempt to date to mobilise domestic financial capital behind a

Inflation to remain high amid pricey energy: BB

Bangladesh faces renewed inflationary pressures as global energy prices surge following the ongoing Middle East conflict, according to a report published by the Bangladesh Bank on Thursday. ‘Inflationary pressures in

Soybean oil price up by Tk4 per litre

The price of soybean oil has been hiked by Tk4 per litre, effective from Wednesday. Commerce Minister Khandaker Abdul Muktadir announced the hike at a press conference held at the

Energy crisis pushes production costs up by 20pc: BKMEA

Industry leaders of the country’s readymade garment sector said that the production costs in this sector have increased by at least 20 per cent, along with a fall in export

Spiking commodity prices strain consumers

Prices of chicken, eggs, sugar and vegetables remained high on Friday, alongside a persistent shortage of edible oils, leaving consumers under continued pressure. Traders said that during the Russia-Ukraine war

Opposition lawmaker terms LPG price hike ‘excessive’

National Citizen Party lawmaker from the Rangpur-4 constituency, Akhter Hossen, urged the government to revise fuel prices to be tolerable for consumers. Addressing the 18th sitting of the 13th Jatiya

IBBL clients demand asset recovery, S Alam arrest

Islami Bank customers at a human chain in front of the bank’s head office on Sunday demanded arrest of loan defaulter S Alam, recovery of his laundered money and cancellation

New law to allow ex-owners reclaim 5 crisis-hit banks

The government has passed the Bank Resolution Act that creates a scope for previous owners of five crisis-hit banks, including the controversial S Alam Group, to get back their ownership