Banks asked to give 25% of Tk 3,000cr stimulus fund among women

Bangladesh Bank today asked banks to disburse among women at least 25 per cent of the Tk 3,000 crore stimulus fund, which is dedicated to farmers, underprivileged women, professionals and micro enterprises.
9 June 2021, 13:06 PM

Turnover at DSE hits new high in a decade

Turnover at the Dhaka Stock Exchange (DSE) hit a decade-high today thanks mainly to the higher participation of buoyant investors.
9 June 2021, 12:21 PM

GDP growth would be higher than govt's estimate, not only World Bank's projection: Kamal

Finance Minister AHM Mustafa Kamal today said the GDP growth of the country would be higher than the government's estimate, not only the World Bank's projection.
9 June 2021, 10:44 AM

Elon Musk, Jeff Bezos, other US billionaires paid little or no income tax: report

Several of the richest Americans have paid zero income tax in some years, according to an investigative report published on Tuesday (June 8) that comes as Washington weighs new proposals to address tax avoidance by the wealthiest individuals and companies.
9 June 2021, 09:50 AM

Kamal rejects new poor data by private research organisations

Finance Minister AHM Mustafa Kamal today rejected to accept the data on new poor that came out earlier through surveys done by private research organisations to measure the effect of Covid-induced income loss.
9 June 2021, 09:21 AM

Bangladesh, Oman keen to expand economic partnership

Bangladesh and Oman have discussed formation of a Joint Business Council as the two countries see "huge potential" for expanding economic partnership.
9 June 2021, 09:14 AM

Australia says WTO should punish Chinese economic coercion

The World Trade Organization should penalize “bad behavior when it occurs,” Australia’s prime minister said Wednesday ahead of a Group of Seven leaders’ meeting in Britain where he hopes to garner support in a trade dispute with China.
9 June 2021, 07:34 AM

US must work with allies to secure electric vehicle metals: White House

The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday.
8 June 2021, 18:00 PM

Pran widening global footprint

For around two decades, Swapan Debnath has operated a convenience store called Narayan Varieties in the Keprampara area of Agartala, the capital of the northeastern Indian state of Tripura.
8 June 2021, 18:00 PM

Non-food inflation at 11-month peak

Consumers had to spend more to buy products and services other than food in May compared to April owing to the increasing prices of non-food items.
8 June 2021, 18:00 PM

Exporters may lose $18.7b a year if carbon goals not met

Local suppliers are at risk of losing $18.7 billion worth of exports a year if they can’t reduce carbon emissions in line with the plans of their major clients, according to a study by Standard Chartered.
8 June 2021, 18:00 PM

Telcos seek corporate tax cuts

Telecom operators yesterday placed a slew of demands before the government, including slashing corporate tax from 40 per cent and 45 per cent to 25 per cent and 32.5 per cent for listed and non-listed entities respectively.
8 June 2021, 18:00 PM

Businesses demand reforms in tax system

Business leaders in Chattogram have stressed the need for reforms in the tax system, such as policies that do not require frequent changes, as well as waiving advance tax in order to boost both domestic and foreign investment in Bangladesh.
8 June 2021, 18:00 PM

Bangladesh Bank buys record $7.7 billion to keep taka stable

The central bank purchased $7.68 billion from the banking system in the first 11 months of the current fiscal year, the highest on record, to contain any abnormal appreciation of the local currency.
8 June 2021, 18:00 PM

549 BSCIC plots left unused

A total of 549 plots in various industrial estates of the Bangladesh Small and Cottage Industries Corporation (BSCIC) are lying unused as the owners did not set up plants within the deadline.
8 June 2021, 18:00 PM

Japan upgrades Q1 GDP growth on smaller hit to domestic demand

Japan’s economy shrank less than initially reported in the first quarter on smaller cuts to plant and equipment spending, but the coronavirus pandemic still dealt a huge blow to overall demand.
8 June 2021, 18:00 PM

Standard Chartered ‘Best International Bank’

Standard Chartered Bank Bangladesh said to have been recently recognised as “Best International Bank” at FinanceAsia Awards 2021. This is the 11th time the bank has been recognised since 2009 while the fifth major international award in the first quarter of 2021, says a press release.
8 June 2021, 18:00 PM

Maddhapara Granite posts record sales

Maddhapara Granite Mining Company earned Tk 256 crore by selling at least 11.12 lakh tonnes of rock in the ongoing fiscal year, the highest sale in three years.
8 June 2021, 18:00 PM

Stocks bounce back led by insurance

The stock market managed to stay in the positive yesterday thanks to stocks of insurers and banks.
8 June 2021, 18:00 PM

Bank of England launches climate stress test for banks and insurers

The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine capital requirements.
8 June 2021, 18:00 PM