Business as usual for health ministry

The health ministry’s development spending was stuck at a disappointing level even after 11 months of the outgoing fiscal year for its failure to accelerate expenditures when the public needed the most.
17 June 2021, 18:00 PM

BSEC removes floor price from all listed companies

The Bangladesh Securities and Exchange Commission (BSEC) today lifted the floor price from all listed companies as it moved to halt its efforts to intervene in share price mechanism.
17 June 2021, 14:36 PM

IFAD Autos gets 30-acre land inside Bangabandhu Shilpa Nagar

IFAD Autos has recently been allotted 30 acres of land by Bangladesh Economic Zones Authority (Beza) to set up an industrial complex.
17 June 2021, 14:14 PM

Shatranji gets GI recognition

After Jamdani, Shatranji, a traditional fabric of Rangpur, has now been recognised as a Geographical Indication (GI) product of Bangladesh.
17 June 2021, 12:23 PM

Britain and United States reach truce in Airbus/Boeing trade dispute

Britain and United States agreed on Thursday to resolve a long-running trade dispute over Airbus (AIR.PA) and Boeing (BA.N) and turn their attention to tackling Chinese subsidies, echoing a five-year tariff truce announced by Washington and Brussels.
17 June 2021, 11:58 AM

C&F agents' strike ends at Ctg custom house

The clearing and forwarding (C&F) agents of Chittagong Custom House withdrew their strike at 5pm, which they started at 9am today morning to press home their six-point demands.
17 June 2021, 11:11 AM

CTG C&F agents go on strike, protesting license suspension of fellow

Members of Clearing and Forwarding Agents Association of Custom House in Chattogram went on strike today, protesting license suspension of a fellow agent.
17 June 2021, 09:59 AM

Excelerate energy to supply 34 lakh MMBU LNG at Tk 314 crore

US-based Excelerate Energy LP is going to supply 34 lakh MMBTU (million British thermal units) LNG to state-run Petrobangla at Tk 314 crore, according to a decision of the Cabinet committee on purchase today.
16 June 2021, 18:05 PM

Britain urges EU to expedite financial services talks

Britain’s finance ministry called on the European Union to open talks on financial services, after the London Stock Exchange on Tuesday urged the bloc to avoid protectionism.
16 June 2021, 18:00 PM

UK inflation hits highest level since before pandemic

British inflation has soared to the highest level since before the coronavirus pandemic, with clothing, fuel and oil prices rebounding as the economy reopens, official data showed Wednesday.
16 June 2021, 18:00 PM

EU offers to help diversify exports

The European Union (EU) has offered to help Bangladesh diversify its export basket, promote decent work, and upskill workers amid the ongoing global economic downturn caused by Covid-19.
16 June 2021, 18:00 PM

Make a 2-year survival plan for businesses

The government should prepare a two years’ survival plan for businesses, outlining different recovery guidelines, to safeguard the country’s trade and economy amidst the pandemic, said businesses yesterday.
16 June 2021, 18:00 PM

Banking hour 10am to 3.30pm until Jul 15

Bangladesh Bank has instructed banks to keep their doors open from 10:00am to 3.30pm for customers until July 15.
16 June 2021, 18:00 PM

BSRM profit soars 197pc in Jul-Mar

Profit of BSRM Ltd soared 197 per cent year-on-year to Tk 273 crore in the first nine months of the 2020-21 fiscal year powered by higher sales, lower finance and operating costs.
16 June 2021, 18:00 PM

Cotton waste recycling can save $500m a year: study

Bangladesh can save $500 million a year by recycling the cotton waste as garment factories and textile millers produce a huge volume of leftovers of the key raw material, according to a study.
16 June 2021, 18:00 PM

Banks’ provision shortfall widens

The provision base of the banks in Bangladesh deteriorated heavily in the first quarter of 2021 because of the surging bad loans, highlighting the worsening health of the banking industry.
16 June 2021, 18:00 PM

Second wave derails recovery: MCCI

The second wave of coronavirus infections and subsequent lockdowns have derailed Bangladesh’s economic recovery from the coronavirus pandemic, said the Metropolitan Chamber of Commerce and Industry (MCCI) yesterday.
16 June 2021, 18:00 PM

Financial, industrial stocks lift European shares to near record high

Gains in financial and industrial stocks lifted European shares on Wednesday, though the main equity index held off record highs on nervousness that the US Federal Reserve could flag later in the day when it plans to start unwinding its stimulus.
16 June 2021, 18:00 PM

Nestle opens Tk 150cr infant formula plant

Nestle Bangladesh yesterday started processing, filling and packaging the company’s infant formula at its Tk 150 crore factory in Sreepur, Gazipur.
16 June 2021, 18:00 PM

Shocked by Covid deaths, young Indians rush for life insurance

Like many other twenty-somethings in India, Beverly Coutinho kept postponing buying a life insurance policy, until a surge in Covid-19 cases and deaths made her confront her own mortality.
16 June 2021, 18:00 PM