Butterfly Group Founder, Chairman MA Mannan no more

Butterfly Group Founder and Chairman MA Mannan breathed his last at 4am on June 9. He was 78 years old.
10 June 2021, 07:31 AM

Trading at SME board kicks off

A long demanded stock trading board for small and medium enterprises kicked off today at Chattogram stock exchange.
10 June 2021, 05:28 AM

India retail inflation likely rebounded to 5.30pc in May

India’s retail inflation likely rose last month after a three-month low in April, lifted by higher food and energy prices, but stayed within the Reserve Bank of India’s target range for the sixth consecutive month, a Reuters poll found.
9 June 2021, 18:00 PM

High-flying insurance stocks may put market in trouble

The stock price of almost all general insurance companies has more than doubled over the past year riding on speculation, putting the whole market at risk.
9 June 2021, 18:00 PM

Malaysia’s Top Glove profit soars on pandemic demand

Top Glove Corp Bhd, the subject of a US import ban over concerns about forced labour, is waiting for customs authorities there to verify remedial action it has taken on workers’ recruitment fees, the Malaysian firm said on Wednesday.
9 June 2021, 18:00 PM

India’s private equity investments hit record

Private equity investments in India rose 38 per cent to hit a record high of $62.2 billion in 2020 despite uncertainty caused by the coronavirus crisis, a private equity report showed on Wednesday.
9 June 2021, 18:00 PM

Pandemic seen driving southeastern Europe warehouse boom

Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets.
9 June 2021, 18:00 PM

US Senate passes sweeping bill to address China tech threat

The US Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology.
9 June 2021, 18:00 PM

EU, US to end trade tariffs

The leaders of the European Union and the United States are set to commit at a summit in Brussels next week to ending their transatlantic trade disputes, and to call for a new study into the origins of Covid-19, according to a draft communique.
9 June 2021, 18:00 PM

Big countries’ tax deal to reveal rift in Europe

A global deal on corporate tax looks set to bring to a climax a deep-seated European Union battle, pitting large members Germany, France and Italy against Ireland, Luxembourg and the Netherlands.
9 June 2021, 18:00 PM

Chapainawabganj mango sales picking up

Mangoes have been available at various markets across Chapainawabganj for some time now but sales have only just started to pick up in the face of nationwide restrictions on public movement aimed at curbing the recent resurgence of Covid-19.
9 June 2021, 18:00 PM

$25b export to China possible by 2030

Bangladesh’s exports to China, the world’s second biggest economy, will grow to $25 billion if local suppliers can grab an additional 1 per cent share of the Chinese market by 2030, according to a study released yesterday.
9 June 2021, 18:00 PM

Dhaka Bank arranges $40m in foreign financing

Dhaka Bank has mobilised foreign funds amounting to $40 million at a cheap interest rate for Chandpur Power Generations.
9 June 2021, 18:00 PM

Digital database key to safety net for poor

Building a digital database of the poor is crucial for bringing the new and urban poor under social safety net programmes as the pandemic pushed many people, especially those in urban areas, into poverty, an economics professor told a webinar yesterday.
9 June 2021, 18:00 PM

Kamal rejects new poor data of think tanks

Finance Minister AHM Mustafa Kamal yesterday refused to accept data on the new poor released earlier through surveys conducted by private research organisations to measure the effects of the Covid-19 pandemic-induced income losses.
9 June 2021, 18:00 PM

More low-cost loans for women borrowers

Female borrowers would get at least 25 per cent of the stimulus fund dedicated to the farmers, underprivileged women, professionals, and micro-enterprises, said the central bank yesterday.
9 June 2021, 18:00 PM

Tk 20,000cr fresh stimulus needed for small businesses

A fresh stimulus package of at least Tk 20,000 crore is needed specifically for the survival and revival of cottage and micro enterprises (CMEs) as those are most vulnerable to the Covid-19 fallout, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
9 June 2021, 18:00 PM

Steel prices unlikely to cool off despite source tax cut

The cut in source tax in the proposed budget may not bring down the price of steel, meaning the cost of infrastructure and construction projects is unlikely to decline, manufacturers say.
9 June 2021, 18:00 PM

After soybean, mustard oil to become dearer

The 5 per cent regulatory duty imposed on the import of rapeseed may cause the price of mustard oil to shoot up and go beyond the purchasing power of consumers, millers said.
9 June 2021, 18:00 PM

Visa launching programmes to support fintechs, startups in Bangladesh

Digital payments platform Visa is set to launch a new programme for startups and fintechs in Bangladesh
9 June 2021, 17:00 PM