The government has decided to develop an institutionalised monitoring mechanism for the country's edible oil market in a move to ensure stable supply and prevent market manipulation, sources said. The decision was taken at a review meeting held at the Ministry of Commerce on June 21, with Commerce

The government has moved to tighten oversight of the edible oil market by enforcing mandatory cost audits on refiners and importers. This is aimed at establishing "logical" consumer prices and curbing alleged market manipulation, sources say. Under the move issued by the commerce ministry, seven

Local refiners have sought withdrawal of the existing government intervention in fixing edible oil prices and allow the sector to operate under a market-based pricing mechanism. According to them, the existing administrative price controls disrupt supply security and discourage investment in the c

The government has initiated a project to establish a 'Strategic Reserve' of essential commodities through building a modern warehouse network across the country, aiming to strengthen market stability and emergency supply reliance, sources said. To this effect, the state-owned Trading Corporation

The European Union (EU) is moving ahead with plans to roll out its Global Green Bond Initiative (GGBI) in Bangladesh, a move expected to mobilise up to 20 billion euro in private capital and significantly strengthen the country's access to sustainable development finance, officials said. In a rece

The Prime Minister's Office (PMO) has launched a comprehensive review of the implementation progress of the government's priority and flagship projects during its first 100 days in office, aiming to assess achievements and identify challenges in delivering key election pledges. The PMO has asked g

The government is moving ahead with plans to transform Ekpay, the country's integrated digital payment platform, into a standalone state-owned public limited company named Ekpay PLC as part of efforts to strengthen Bangladesh's digital payment ecosystem, officials said. The Information and Communi

Bangladesh is set to undergo a United States-driven assessment of its readiness to implement prohibitive forced labour-related trade-compliance measures under the purview of a much-vaunted reciprocal trade deal. Washington has moved to evaluate the feasibility of a potential import-prohibition fra