Banks to operate from 9am to 3pm daily

Banks across the country will remain open from 9am to 3pm daily to save electricity. The new timings will come into effect from Wednesday (24 August). Cabinet Secretary Khandker Anwarul Islam made the disclosure after a Cabinet meeting. He also announced that government and autonomous offices will operate from 8am to 3pm daily from Wednesday.

Source: https://www.tbsnews.net/economy/banking/banks-operate-9am-3pm-daily-481702

Chattogram now 64th busiest seaport in the world

The Chattogram seaport has become the 64th busiest port among the top 100 container ports across the world, according to Lloyd’s List. Lloyd’s List, one of the oldest shipping journals in the world, identified the ranking in terms of annual container handling in 2021, reports BSS. The latest edition of Lloyd’s List One Hundred Ports was published on August 18, 2022. In 2020, the port held the 67th place on the list. Earlier, Chattogram seaport was ranked 70th, 71st, 76th and 87th in the four previous editions of the journal. This year, the port advanced three notches in the latest edition. According to the report, Chattogram seaport handled a total of 32,14,548 TEUs (twenty-feet equivalent units) of containers in 2021, up from 28,39,977 TEUs in the previous year, posting 13.2 per cent annual growth in container handling.

Source: https://thefinancialexpress.com.bd/economy/bangladesh/chattogram-now-64th-busiest-seaport-in-the-world-1660917504

Stocks turnover hits 7-month high

Turnover on the Dhaka Stock Exchange surged by around 40 per cent to Tk 1,477 crore yesterday thanks to the increased participation of general investors, who were optimistic about a potential bull run. The DSEX, the benchmark index of the premier bourse in Bangladesh, rose 40 points, or 0.64 per cent, to hit 6,300. With this, the index has risen by a total of 151 points in the last five trading sessions.

Source: https://www.thedailystar.net/business/economy/stock/news/stocks-turnover-hits-7-month-high-3100906

Bangladesh may prefer to import Russian oil via third country

Bangladesh may prefer to import Russian oil via a third country to avert possible risks of the business. According to official sources at the Ministry of Power, Energy and Mineral Resources, neighboring India might be such a preferred third country with regard to importing Russian oil. “Currently, India has been importing Russian oil defying the US sanctions while Bangladesh has a long term contract with India to import refined oil from its refinery at Numaligarh in Assam state, ” said an official at the ministry preferring anonymity.  “If there is a bilateral arrangement between the two nations, such a business is very much possible,” he said, adding it could be a possible way to avert the risk in import of Russian oil at a cheaper rate.

Source: https://www.daily-sun.com/post/639366/Bangladesh-may-prefer-to-import-Russian-oil-via-third-country