Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), has urged the government and other related agencies to keep business leaders in the fold when working to protect consumer rights.

The consumers are going to be relieved from paying value-added tax to buy edible oil particularly soybean oil as the government has decided to eliminate 15 per cent of the indirect tax at imports of crude soybean oil to ease the pressure on their wallets, which is already stressed by high prices of various key essential commodities.

The National Board of Revenue (NBR) has finally waived the value-added tax (VAT) on edible oil at both production and trading stages as per the government decision.

The readymade garment sector cooperation between Korea and Bangladesh has been the symbol and model of successful bilateral ties for the past five decades, said South Korean Ambassador Lee Jang-keun.

Bangladesh Bank today asked non-bank financial institutions (NBFIs) to refrain from making extra spending to collect deposits from people and organisations.

Syed Nasim Manzur, managing director of Apex Footwear Ltd, has been elected as the new president of the Leathergoods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB).

The American Apparel and Footwear Association (AAFA) has agreed to work for the promotion of Bangladesh’s garment sector so that the south Asian country can reinstate the generalised system of preferences status to the US market.

The Federation of Bangladesh Chambers of Commerce and Industry is going to set up a trade centre in Dubai to boost trade and investment with the UAE.

Mobile financial services (MFS) have tremendously benefitted people during the pandemic, former Bangladesh Bank Governor Atiur Rahman said today.

The government has introduced a loan fund worth Tk 1,290 crore to help returning migrant workers, unemployed youths and rural entrepreneurs set up new businesses.

The Bangladesh Bank today asked banks to fulfil their lending target under the stimulus package dedicated to the cottage, micro, small and medium enterprises (CMSMEs) within the deadline this fiscal year.

Russia announced Thursday an export ban on more than 200 types of foreign-made products and equipment until the end of the year, part of Moscow's response to sanctions imposed over the Ukraine conflict.

Bangladesh Competition Commission has formed a three-member committee to find out edible oil price manipulation practices in the local market.

The government should increase supply of products in fair price through the Trading Corporation of Bangladesh to give a respite to the limited income people who are suffering from high cost of living, said economist Debapriya Bhattacharya.

Stocks rose for the third consecutive day today amid the buying spree among investors.

Prime Minister Sheikh Hasina today said food security is surely the most pressing issue for the people in Asia and the Pacific region. She was virtually addressing the inaugural session of the meeting of ministers in the 36th Regional Conference for Asia and the Pacific of the UN's Food and Agriculture Organization (FAO).

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has signed a memorandum of understanding with the Dubai International Chamber to enhance trade and investment between UAE and Bangladesh.

Stocks in Bangladesh continued to rise for the second consecutive day, as Bangladesh Securities and Exchange Commission has lowered the circuit breaker limit to 2 per cent to curb the free fall of the stocks amid the war between Russia and Ukraine.

Stocks in Bangladesh continued to rise in the first hours of trading today thanks to the regulator's decision of not allowing any stock to fall more than 2 per cent in a day.

US President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up US energy prices.