Kohinoor Chemical Held Annual Conference

The government will procure soybean oil, lentils, LNG, and fertilisers to meet domestic demand. The Advisors Council Committee on Government Purchase, chaired by Finance Adviser Dr Salehuddin Ahmed, approved proposals for these procurements.

Ali Reza Iftekhar, managing director and CEO of Eastern Bank PLC, has been awarded the "C-Suite CEO of the Year 2024" in the Financial Institutions category at the Bangladesh C-Suite Awards 2024.

The National Board of Revenue (NBR) has removed all import taxes on sunflower and canola oils and reduced the VAT on their imports to 5 percent, aiming to boost supply and control rising edible oil prices. Effective until March 31 next year, this move is expected to reduce import costs by Tk 40-50 per litre.

Despite rising inflation, public food distribution in Bangladesh fell by 6% year-on-year in the first half of the current fiscal year. Public agencies distributed 13.78 lakh tonnes of rice and wheat until December 5, down from 14.63 lakh tonnes the previous year.

Eastern Bank PLC (EBL), in partnership with Mastercard, has relaunched its popular Mastercard Aqua Prepaid Card at its Gulshan head office. The redesigned ergonomic vertical card includes enhanced features like the Mastercard Flight Delay Pass, offering added benefits for travelers.

Consumer financing in Bangladesh has slowed due to rising interest rates and economic uncertainty. People are cautious about taking loans, with banks also adopting a conservative approach to lending amid political instability.