Bangladesh’s energy regulator is facing questions over setting liquefied petroleum gas (LPG) prices without new public hearings, despite a 2020 High Court directive requiring hearings. M Shamsul Alam, energy adviser to Consumers Association of Bangladesh (CAB), said Bangladesh Energy Regulatory Commission (BERC) held hearings in 2021 but later stopped, including before its Oct. 4 price […]
Bangladesh Treasury bill yields fell below 8% across all three maturities Sunday for the first time since October 2023, as excess bank liquidity and weak private-sector credit demand lowered government borrowing costs. Bangladesh Bank data showed the 91-day yield at 7.65%, the 182-day yield at 7.75%, and the 364-day yield at 7.89%, according to The […]
Bangladesh’s securities regulator has fined three investors Tk 73.76 lakh (approximately $59,800) for manipulating Trust Islami Life Insurance shares, according to The Business Standard. Bangladesh Securities and Exchange Commission (BSEC) penalized Md Abu Taher Shikder, his wife, Umma Salma Nipa, and his brother-in-law, SM Shahed Shakil, in an Oct. 5 enforcement order. A Dhaka Stock […]
Japanese conglomerate Marubeni Corporation expressed interest in expanding investments in Bangladesh, including establishing a second Karnaphuli Fertilizer Company Limited (KAFCO), during talks with prime minister Tareq Rahman on Sunday.
Bangladesh Bank has proposed allocating Tk 60,000 crore (approximately $4.87 billion) annually from the national budget for five to eight years to repair banks damaged by alleged plunder, governor Md Mostaqur Rahman said Saturday. If approved, the plan would cost Tk 3 lakh crore (approximately $24.33 billion) over five years or Tk 4.8 lakh crore […]
A district investigation has attributed a fire at Pretty Group’s factory in Bangladesh’s Ashulia area to negligence, unsafe gas handling, and inadequate worker training, according to a report obtained by The Business Standard. Investigators said Pretty Composite Textiles Ltd lacked a mandatory Department of Explosives license for storing flammable materials, despite having renewed factory and […]
Bangladesh’s largest industrial zone remains largely vacant a decade after its launch, with infrastructure delays and unreliable utilities hindering investment, according to reporting by The Business Standard. Official figures show only 16 enterprises at the National Special Economic Zone (NSEZ) had begun commercial production as of Sept. 8, while 15 others were under construction. The […]
Bangladesh’s commercial banks traded more than $200 million among themselves Oct. 8, reaching a five-year high, according to central bank officials and bankers cited by The Business Standard. Trading included $155 million in immediate transactions and more than $50 million through currency swaps. Bangladesh Bank data showed transactions of $101 million Oct. 7 and $82 […]
Bangladesh signed a 15-year agreement Thursday with Dubai-based DP World to operate Chattogram port’s New Mooring Container Terminal, amid protests demanding cancellation of the deal.
Pathao says attackers obtained users’ names, email addresses, and phone numbers during an Oct. 4 cybersecurity incident that disrupted its ride-hailing and delivery services in Bangladesh. In an Oct. 7 statement, the company said it took critical systems offline after detecting the incident and restored services shortly afterward. Some users could still experience intermittent problems […]
