Inflation falls to 8.85pc in November

Inflation declined to 8.85 per cent in November from 8.91 per cent in the previous month as food prices eased. That means the Consumer Price Index fell for the third straight month. Food inflation fell to 8.14 per cent in November from 8.50 per cent in October, while non-food inflation rose to 9.98 per cent in November from 9.58 per cent in the previous month, according to data released by the Bangladesh Bureau of Statistics on Monday, reports bdnews24.com. “When the general inflation rate of the country hit double figures, I said it would fall,” Planning Minister MA Mannan said at a media conference in Dhaka. “We are hopeful that this trend of falling inflation will continue into December.”

Source: https://thefinancialexpress.com.bd/economy/inflation-falls-to-885pc-in-november-1670235628

Ananta Real Estate avails Dhaka Bank payroll services

Dhaka Bank and Ananta Real Estate signed an agreement in Dhaka recently over payroll services and other products such as interest or profit bearing accounts, loans and credit cards on preferential terms for the latter’s employees. Mustafa Husain, senior executive vice-president of Dhaka Bank, and Sanjeeva Ileperuma, chief financial officer of Ananta Group, signed the deal. Emranul Huq, managing director of the bank, and Sharif Zahir, managing director of Ananta Group, exchanged the documents at the realtor’s corporate head office recently, said a press release. HM Mostafizur Rahaman, executive vice-president of the bank, Tahsin Mahbub, director of the real estate company, and Asif Zahir, deputy managing director of Ananta Group, were also present.

Source: https://www.thedailystar.net/business/economy/news/ananta-real-estate-avails-dhaka-bank-payroll-services-3188366

Introduction of commodity exchange to eliminate under, over-invoicing: BSEC Chairman

Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam has said the scope for under-invoicing and over-invoicing can be eliminated by introducing the commodity exchange in the country. “Work is going on to introduce commodity exchange in the country. If commodity exchange is introduced, then it will be possible to see both the international market and the scenario in the local market while staying inside the country,” he said. The BSEC Chairman said this while addressing as the chief guest in a discussion titled “Problems and Challenges of Capital Market in Bangladesh” organised by the Economic Reporters Forum (ERF), at its auditorium in the capital’s Paltan area on Monday, according to UNB. The BSEC Chairman mentioned that if the commodity exchange is launched in the country, then anyone can know the price of rice in Ghana while staying in Bangladesh as well as which countries want to take Bangladeshi RMG items at what price. “With commodity exchange, we’ll be able to see the international market and the local market while staying at home for which there will be no scope for under-invoicing and over-invoicing,” he noted.

Source: https://thefinancialexpress.com.bd/stock/introduction-of-commodity-exchange-to-eliminate-under-over-invoicing-bsec-chairman-1670242643