How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday.

Bangladesh Bank has asked non-banking financial institutions (NBFIs) to form their own cybersecurity management teams in order to monitor and thwart digital threats.

Bitcoin tumbled almost 10 per cent on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China’s expanding crackdown on bitcoin mining in thin liquidity for the losses.

The continuous support of the mobile financial service (MFS) industry to the government and individuals to face the challenges of Covid-19 in the last 16 months has been recognised by the top policy-makers.

Car factories, including those of Renault-Nissan, Hyundai and Ford, can operate with full workforces in India’s automaking hub from Monday, even though 75 per cent of workers at the global carmakers’ plants have not been vaccinated against Covid-19.

An apparent lack of coordination and disconnect with state initiatives is causing brush makers of a small village in Tangail to lose out to the Covid-19 fallouts and competition from China.

The Dow was set for its best day in more than three months on Monday as investors piled back into financials and energy shares that are set to benefit from a broader economic recovery.

Private sector borrowers will have to keep at least 5 per cent in cash collateral against foreign loans with the associated guarantee-providing banks.

American Airlines on Sunday said it would cancel around 1 per cent of its flights in July to serve a surprise uptick in travel demand at a time when the airline struggles with unprecedented weather and a labor shortage at some of its hubs.

Dhaka stocks rose to a three-and-a-half-year high yesterday as institutional investors received a boost following the complete withdrawal of the floor price for all companies by the regulator.

GPH Ispat begins commercial production in its Tk 2,390 crore plant to produce MS billet and rod today, which fuelled the company’s share price to instantly see a 2.47 per cent rise in the stock market.

Malaysian telecoms firm Axiata Group Bhd (AXIA.KL) and Norway’s Telenor ASA (TEL.OL) will merge their mobile operations in Malaysia in a $15 billion deal, forming a new market leader in the competitive Southeast Asian nation.

Amazon (AMZN.O) and Apple (AAPL.O) are the world’s most valuable brands but Chinese brands are rising up the leaders list and are more valuable than Europe’s top brands, according to a global ranking by Kantar’s BrandZ.

Dhaka stocks hit nearly a three-and-a-half-year high today as institutional investors got their confidence back after the removal of the floor price from all companies by the stock market watchdog.

The dollar held on to the previous week’s gains on Monday after the Fed’s surprise hawkish tilt, while bitcoin tumbled as China stepped up its crackdown on mining of the cryptocurrency.

Foreign direct investment (FDI) in Bangladesh has declined by about 11 per cent to $2.6 billion in 2020.

The opportunity to whiten black money is a big barrier to curbing corruption in the country, said Mustafizur Rahman, a distinguished fellow of the Centre for Policy Dialogue yesterday.

The country’s stock market rose yesterday thanks to a boost in confidence among institutional investors, despite the removal of floor prices of all listed companies.

Increasing public spending and widening social protection measures with a proper registry of people could prove effective in reviving the economy during the pandemic, as occurred in some countries, according to two noted economists.

Volkswagen’s luxury sports car unit Porsche AG is setting up a joint venture with Customcells to produce high-performance batteries that will significantly reduce charging times, the company said on Sunday.