Consumption of soybean oil in Bangladesh has declined as a section of consumers have switched to the relatively cheaper mustard and palm oils, according to a report by the US Department of Agriculture (USDA) last week.

A provision in the Income Tax Act 2023 created the discrimination

The move is likely to be fine-tuned to when the first major ones are launched

The ITFC, part of Saudi Arabia's Islamic Development Bank, said the financing was aimed at developing Bangladesh's energy infrastructure

Previously only Shariah-based banks were allowed to avail the IBLF against Bangladesh Government Investment Sukuk (BGIS) bonds as securities.

The dependency ratio of the people who are over 65-plus years rose to 9.4 percent in 2023 from 8.6 percent in 2022.

Although the foreign sale pressure was not huge, the buying interest from institutional investors was insignificant either. As a result, the indices dropped.

A total of 12 NBFIs in Bangladesh are running without an MD or CEO and a majority of them have had their top post vacant for more than three months in a clear breach of laws.

According to industry people, the dollar crisis in the country is gradually easing and the global supply chain is getting smoother, positively impacting the pharmaceuticals sector.

The percentage of individuals aged over 15 who own a mobile phone was lower in 2023 than in 2020 as the decline in ownership during the Covid-19 pandemic persisted due to grim economic conditions.

Some customers of Teletalk will be able to use Banglalink’s network from today as part of a ‘pre-commercial launch’ of national roaming services, bringing relief to subscribers of the state-run operator whose network is hamstrung by weak power backup.

Bangladesh Bank has issued a detailed guideline today, including default loan recovery targets, alongside criteria over the appointment, reappointment and responsibilities of managing directors and chief executive officers (CEOs) of non-bank financial institutions (NBFIs).

The DSEX lost 66.73 points to close at 5,834

Summit Power Ltd (SPL) recorded a profit of Tk 87.56 crore, up 8 percent year-on-year, in the October-December quarter of the fiscal year

Here, the steady growth of Bangladesh’s economy -- around 6 percent annually -- for the last two decades, and subsequent increases in overall buying capacity, played a big role. Another factor is the increasing domestic assembly of these items by local companies.

The NBR, however, missed the overall collection target by 45 percent during the eight-month period.

The new act will replace the Bangladesh Telecommunication Act, 2001.

Experts tell Bangladesh Institute of Development Studies seminar

The benchmark index of the Dhaka Stock Exchange (DSE) fell yesterday, snapping a two-day winning streak, as some traders booked profits. 

Gazipur-based APS Knit Composite Ltd scored 71 out of 110