Uttara Bank recently witnessed the appointment of a new vice chairman of its Board of Directors.

Interglobe Aviation Ltd, which runs India’s biggest airline IndiGo, reported its fifth straight quarterly loss on Saturday, as the Covid-19 pandemic kept air travel well below normal levels.

British consumer goods maker Reckitt Benckiser Group Plc said on Saturday it was selling its infant formula and child nutrition (IFCN) business in China to investment firm Primavera Capital Group for an enterprise value of $2.2 billion.

President Joe Biden and Republicans entered the weekend sharply at odds over how to craft an infrastructure deal that could satisfy their camps, imperiling the odds of a bipartisan deal.

The proposed budget’s tax exemptions and corporate tax reduction are welcome moves for job creation but regulatory environment improvements and ease of doing business are also important to attract investment in manufacturing, said a webinar’s discussants.

June 3 marked a remarkable date for Bangladesh as the finance minister presented the country’s 50th budget in parliament on the occasion of the 50th year of independence. As expected, the Tk 603,681 crore budget is the largest that has ever been proposed.

Bureaucrats, despite being well trained and educated, are not smart enough to implement the budget in a timely manner, for which this perennial difficulty may persist, Planning Minister MA Mannan said yesterday.

Bangladesh Bank has instructed banks to keep their doors open for customers from 10:00am to 3:00pm until June 16.

The Real Estate and Housing Association of Bangladesh (REHAB) has demanded the provision of a long-term low interest fund in the proposed national budget for fiscal 2021-22 so that the country’s people can purchase their own homes on instalments equivalent to rent.

The Real Estate and Housing Association of Bangladesh (REHAB) today demanded the formation of a long-term fund with a low-interest rate in the proposed budget so that the people can afford their own dwelling place at the equivalent of house rent.

Only 2 per cent of garment workers had received the Covid-19 vaccine in Bangladesh until April this year, according to a study.

Bangladesh Bank has instructed banks to keep their doors open from 10am to 3pm for customers until June 16.

Turnover at the Dhaka Stock Exchange (DSE) hit a decade high today, which was the first trading day after the announcement of the national budget for 2021-22 fiscal year.

Textile millers today demanded withdrawal of value added tax (VAT) and import duty on all kinds of manmade fibre for the potential growth of the non-cotton fashion industry to meet the global demand.

The incentives in the next budget are not sufficiently linked to employment generation particularly for the left-behind groups as well as the “new poor” due to the pandemic, Debapriya Bhattacharya, convenor of Citizen’s Platform for SDGs, Bangladesh said today.

Pubali Bank recently witnessed the unanimous reelection of the chairman of its Board of Directors.

US Federal Reserve chief Jerome Powell said Friday it was not the central bank’s role to set climate policy, a stance rejected by European counterpart Christine Lagarde who warned that “the planet is burning”.

The United States added 559,000 jobs last month as hard-hit sectors rehired workers laid off during the worst days of the pandemic, but analysts warned the virus was continuing to complicate the economy despite massive government stimulus.

Hotels, restaurants and other businesses are boosting pay as they try to rebuild their staffs and meet increasing demand from Americans ready to venture out as pandemic-related restrictions are lifted and more people are vaccinated.

Bangladesh Association of Software and Information Services (BASIS) has welcomed the new national budget, but it expressed its worries as the fiscal plan did not include the proposals placed by the association.