UK sees record jump in employee numbers in May

The number of employees on British company payrolls surged by a record amount in May as Covid restrictions eased and pubs and restaurants resumed indoor service, though it still remains more than half a million below its pre-pandemic peak.
15 June 2021, 18:00 PM

Britain and Australia announce free trade deal

Britain and Australia announced a trade deal on Tuesday that will eliminate tariffs and red tape, hailed by British Prime Minister Boris Johnson as “a new dawn” in the two countries’ relations.
15 June 2021, 18:00 PM

Emergence of central bank digital currency and Digital Bangladesh

Four years ago, there was a lot of buzz around cryptocurrencies, primarily due to the enormous success of bitcoin. The peak value of bitcoin was staggeringly high at that time—several times the per capita economic output of Bangladesh.
15 June 2021, 18:00 PM

Govt scraps plan to phase out reconditioned cars

The government has withdrawn its plans to phase out reconditioned car imports over the next five years considering the growing demand for private transport, according to the draft Automobile Industry Development Policy 2021.
15 June 2021, 18:00 PM

Stocks return to the black

The stock market bounced back yesterday as investors came out from the profit booking tendency that prevailed for the last two days.
15 June 2021, 18:00 PM

DSE sues Banco Securities

The Dhaka Stock Exchange (DSE) has filed a case against Banco Securities on discovering a shortfall of Tk 60 crore in its consolidated customers’ account.
15 June 2021, 18:00 PM

IDLC Finance gets new chief executive

IDLC Finance has recently witnessed the appointment of a new chief executive officer (CEO) and managing director (MD).
15 June 2021, 18:00 PM

Recruiting agencies face higher AIT: Tax burden may be pushed onto migrant workers

Recruiting agencies will have to pay higher advance income tax (AIT) on service charges or fees they earn from migrant workers going abroad, according to tax measures proposed by the National Board of Revenue (NBR) for the next fiscal year of 2021-22.
15 June 2021, 18:00 PM

An aged society ahead

Bangladesh is hurtling to become an aged society, a worrying sign as it will pose challenges to its development aspiration since there will be more elderlies and the days of cheap workers will be over.
15 June 2021, 18:00 PM

BGMEA urges Switzerland for extension of duty-free access

The garment makers' platform today urged Switzerland to extend duty-free access to Bangladeshi apparels for 10 years under the Everything but Arms scheme to ensure smooth transition of Bangladesh to a developing country
15 June 2021, 16:21 PM

Stocks bounce back

The country's stock market bounced back today, as investors came out from the profit booking tendency of the last two days.
15 June 2021, 11:20 AM

Bitcoin rises 9.8pc to $39,035

Bitcoin surged 9.8% to $39,035.47 on Sunday, adding $3,492.71 to its previous close.
14 June 2021, 18:00 PM

Mercantile Bank brings MBL Rainbow app

Mercantile Bank has recently launched digital banking app “MBL Rainbow”, saying it would ensure faster, safer and convenient banking activities doing away with the need for physical presence.
14 June 2021, 18:00 PM

Average age of US vehicles hits record 12.1 years in 2020

The average age of US cars and light trucks rose to a record 12.1 years in 2020, as Americans drove fewer miles and scrapped more vehicles during the Covid-19 pandemic, according to IHS Markit.
14 June 2021, 18:00 PM

India’s May inflation accelerates to 12.94pc

India’s wholesale price inflation accelerated to 12.94 per cent year-on-year in May, versus 10.49 per cent year-on-year in April, mainly due to a spike in energy prices, government data showed on Monday. Fuel prices accelerated by 37.61 per cent year-on-year in May, the data showed.
14 June 2021, 18:00 PM

Oil prices rise as demand improves, supplies tighten

Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate.
14 June 2021, 18:00 PM

Virus outbreaks at Thai factories threaten export sector, recovery

A series of Covid-19 outbreaks in Thai factories is raising concerns that the export sector could be hit hard, threatening to further undermine an economy as it struggles to recover from the pandemic’s crippling blow to the crucial tourism industry.
14 June 2021, 18:00 PM

Bill placed in parliament to upgrade bankers’ law

The Bankers’ Book Evidence Bill 2021, defining digitally recorded documents as evidence, was placed in parliament yesterday.
14 June 2021, 18:00 PM

Profit booking prevails in market

A tendency to book profits prevailed among investors in the stock market yesterday, all the while the insurance sector had started soaring again.
14 June 2021, 18:00 PM

Proposed budget may raise inequality

Finance minister MHM Mustafa Kamal on June 3 placed his second consecutive national budget at the parliament for fiscal 2021-22, targeting 7.2 per cent annual GDP growth while revising last year’s current growth target to 6.1 per cent from the initial 8.2 per cent estimated amid the ongoing Covid-19 pandemic.
14 June 2021, 18:00 PM