Half of banks’ CSR spending went to disaster management
Of their total corporate social responsibility (CSR) expenditure, banks spent 45 percent on disaster management violating rules in the first half of 2024, with bankers saying it mainly went to various funds maintained by the Prime Minister’s Office before the political changeover on August 5.
21 October 2024
Restaurants face sluggish sales as diners tighten belt
When Sheuly Akhter and her friend entered a branch of Star Kabab in Dhanmondi on Thursday last week, marking their return to the establishment for the first time in nearly four months, they were surprised by the lack of customers.
20 October 2024
Egg supplies take a hit
The Tejgaon Egg Merchants’ Association, which delivers about 15 percent of the daily supply of 1 crore eggs in the capital, stopped sales from Sunday night claiming it was to avoid harassment by the government authorities.
14 October 2024
Puja brings little cheer to sweet shops
Sweets makers in Dhaka have found little reason to cheer during the ongoing Durga Puja festivities as chain stores reported that sales have not grown due to security concerns weighing on the minds of devotees.
12 October 2024
Of Hilsa and its hunters
On the corner of a crowded and noisy floor, a bespectacled man was calling out bids for a basket of Hilsa fish. He repeated the prices quoted by traders in a loud, rhythmic tone: “1,400-1,420-1,450…”
11 October 2024
Tk 353cr anomalies found at Sonali Life Insurance
The Bangladesh Financial Intelligence Unit (BFIU) has discovered anomalies worth Tk 353 crore at Sonali Life Insurance Company, accusing its former chairman Mostafa Golam Quddus and his family members of irregularities, fraud, and money laundering.
8 October 2024
Prices of essentials: Rains, supply dearth cause spike
The prices of rice, eggs, broiler chicken, soybean oil, palm oil, sugar and vegetables have increased significantly in Dhaka due to a supply shortage and incessant rain.
5 October 2024
Why are chicken and egg prices nowhere near govt rates?
Prices of eggs and broiler chicken, two major sources of protein, prevailing in Dhaka’s markets have long surpassed rates set by the interim government in September, putting pressure on consumers plagued with persistently high inflation.
3 October 2024
Fashion brands see higher customer footfall ahead of Durga Puja
Fashion brands and retailers are witnessing increased customer footfall ahead of Durga Puja, the biggest annual festival for Hindu community, despite rising prices and political uncertainty.
2 October 2024
434 units at BSCIC estates are either sick or closed
A total of 434 industrial units under the Bangladesh Small and Cottage Industries Corporation (BSCIC) are either suffering over financial issues or have already closed down due to various reasons..As such, some of these units are not operating at full capacity while others are not generati
28 September 2024
Tourism in turmoil
The tourism sector of Bangladesh has been hit hard by the 2024 national elections, unfavourable weather, recurring floods and anti-discrimination movement in the current year compared to last year, as people are unwilling to travel for fear of violence.
26 September 2024
Six in ten low-income households struggle to meet nutritional needs
Around 38 percent of low-income households in Bangladesh were food insecure in August as essential commodity prices only dropped slightly after the interim government took office on August 8, according to the World Food Programme (WFP).
26 September 2024
Political favouritism eroded confidence in insurance sector
More than two-thirds of the insurance companies registered in Bangladesh since 1990 were approved during the regimes of the Awami League government led by former prime minister Sheikh Hasina.
21 September 2024
Chicken, egg traders defy govt-fixed prices
Eggs and broiler chickens -- a key source of protein for the poor -- are not being sold anywhere in Dhaka at rates set by the government on Sunday this week.
17 September 2024
Plastic rules amid lax compliance with 14-yr old jute packaging law
Mandatory jute packaging for nearly two dozen of food stuff now falls almost flat thanks to slack implementation of the law.
15 September 2024
Onion turns Tk 5 cheaper here as India relaxes export rules
Prices of Indian onion are dropping in Bangladesh, as the neighbouring country on Friday withdrew the restriction of “minimum export price” at $550 per tonne and slashed export duty to 20 percent from 40 percent.
14 September 2024
Asia Insurance fined for embezzling Tk 2.27cr
The misappropriation by the non-life insurer involved TVS Auto Bangladesh Limited, which collected initial insurance policy papers for opening over two dozen letters of credit (LCs) in 2021 and 2022 to import goods.
12 September 2024
Edible oil prices rise on global hike: traders
Loose and bottled soybean oil have become costlier in Bangladesh due to price hikes in the global market amid a supply shortage of the key cooking ingredient, according to traders.
9 September 2024
Foreign banks lead the way in female representation
Nine foreign commercial banks in Bangladesh boast 27.73 percent female representation in their workforce, the highest in the sector, according to a report.
5 September 2024
Egg prices rise for supply shortage
The price of eggs, which is one of the most basic sources of protein for many fixed and low-income people in Bangladesh, has increased in local markets over the past week due to a supply shortage..Consumers are already facing a difficult time making ends meet for an increase in the prices
3 September 2024