HC Orders 40% Space Transfer from Sheraton to Dhaka North

The Bangladesh Bank (BB) is introducing 90-day and 180-day BB Bills to reduce excess liquidity and curb inflation, alongside the existing 7-day, 14-day, and 30-day bills reintroduced in 2021. These longer-tenure bills aim to strengthen the tight monetary policy as inflation remains over 9% since March 2023, with annual average inflation hitting 10.05% in October.

The Dhaka Stock Exchange (DSE) adjusted the floor price for Beximco Limited shares to Tk110.10 on 27 November, following a 5% stock dividend for the fiscal year 2024. The company had set a record date of 25 November for this dividend, but due to a technical issue, the DSE initially displayed a 5% increase in Beximco’s share price on 26 November.

Jewellers in Bangladesh have announced another increase in gold prices, raising the cost by Tk 2,822 to Tk 142,265 per bhori (11.66 grams), effective from tomorrow. This hike follows a steady upward trend in gold prices, with the previous price of each bhori at Tk 139,443.

As winter approaches, Cox’s Bazar has witnessed a surge in visitors, rejuvenating the local tourism industry. After months of stagnation caused by student protests, political instability, and adverse weather, the longest unbroken beach in the world is bustling with holidaymakers. Industry insiders reported that local businesses, including jet ski riders, horse riders, and vendors, are seeing a significant boost in income, with daily earnings ranging from Tk 1,500 to Tk 20,000.

JCX Developments Limited and City Bank PLC have signed a Memorandum of Understanding (MoU) to provide home financing solutions for JCX customers. The agreement reflects a shared commitment to facilitating seamless property ownership.

Bangladesh Bank announced a 10% cash incentive for the export of agricultural and agro-processed products, specifically targeting juices and drinks made from locally sourced fruit pulp. The incentive, detailed in a notification from the Foreign Exchange and Policy Department, aims to boost the competitiveness of exporters in this sector and support the domestic agriculture industry.