National budget for FY22 to be placed tomorrow

Marginalised people will get priority in the proposed national budget for the 2021-22 fiscal year, which will be placed by Finance Minister AHM Mustafa Kamal before the parliament tomorrow.
2 June 2021, 14:09 PM

Budget should be made for people of all walks of life: experts say at NTV event

The government should keep in mind the demands of people of all walks of life while preparing the national budget for 2021-22 fiscal year, analysts said at a discussion organised by NTV, a news channel.
2 June 2021, 13:36 PM

Summit Meghnaghat-II welcomes GE’s first HA gas turbine in Bangladesh

In line with Summit’s commitment to continue transforming the power sector in Bangladesh by adopting advanced technology solutions, the company has successfully brought GE 9HA.01 heavy-duty gas turbine at its upcoming Summit Meghnaghat II power plant located in Meghnaghat, near Dhaka.
2 June 2021, 12:44 PM

Bangladesh to observe first National Tea Day on June 4

Bangladesh will observe National Tea Day on June 4 for the first time in the 50 years history of the country.
2 June 2021, 12:13 PM

From Nigeria to Brazil ‘halo’ crops reap pandemic profits

In a flowing cream hijab, Karima M. Imam walks through her fields in scrubland in northern Nigeria as workers harvest a gnarled brown root that has turned gold since COVID struck: ginger.
2 June 2021, 12:01 PM

Stocks rise for second consecutive day

The Dhaka bourse continued rising for the second consecutive day today, as investors hope the national budget for 2021-22 fiscal year to be announced tomorrow will give a boost to the market.
2 June 2021, 11:40 AM

UK gets green light to start talks on joining pacific trade deal

Member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Wednesday agreed to allow Britain to start the process of joining the pact, Japan’s economy minister said.
2 June 2021, 11:00 AM

Ecnec approves 9 projects of Tk 5,239.62cr

The expenditure of Bangladesh Economic Zones Development Project (1st phase) has increased to Tk 904.75 crore after being revised for the third time.
1 June 2021, 18:05 PM

BB eases farm loan rescheduling

The central bank yesterday instructed banks to reschedule defaulted loans in the farm sector without any down payment as part of its efforts to protect farmers from the ongoing economic hardship deriving from the coronavirus pandemic.
1 June 2021, 18:00 PM

Clinics outside major cities to get tax break

The government will likely offer a 10-year full tax exemption in order to encourage private investors to establish hospitals outside of four districts, including Dhaka and Chattogram.
1 June 2021, 18:00 PM

Remittance hits 10-month high

Remittance inflows hit a record high of $2.17 billion in May, which was the highest since August this fiscal year, thanks to the hard-earned money sent by migrant workers amid the second wave of the Covid-19 pandemic.
1 June 2021, 18:00 PM

Tk 54.8 lakh crore black money generated in 10yrs

Around Tk 88.6 lakh crore of untaxed or black money has been generated in the past 48 years since Bangladesh gained independence, said Bangladesh Economic Association (BEA) yesterday.
1 June 2021, 18:00 PM

Standard Chartered Saadiq wins Digital Banker award

Standard Chartered Saadiq Bangladesh has won a “Best Islamic Bank for Digital CX (customer experience) - Bangladesh Award (DCX 2021)” from Digital Banker.
1 June 2021, 18:00 PM

Nine banks incur net losses in Q1

Nine banks faced net losses in the first quarter of this year as the majority of them have been in the red for years due to wide-ranging financial scams.
1 June 2021, 18:00 PM

New look Supercrete Cement bag unveiled

LafargeHolcim Bangladesh yesterday unveiled a new Supercrete Cement bag to be available everywhere by June 10.
1 June 2021, 18:00 PM

Budget execution rate falls

The government’s national budget implementation rate fell significantly in the last one decade mainly due to a lack of efficiency, accountability and capacity and a rise in corruption.
1 June 2021, 18:00 PM

Focus more on agriculture

The government should give importance to the agriculture sector, social safety net programmes, and job creation in the upcoming national budget in order to ensure food security and reduce the Covid-induced economic shock on the country’s new poor, according to experts.
1 June 2021, 18:00 PM

Tesla’s vehicle price increases due to supply chain pressure, Musk says

The price of Tesla vehicles is increasing due to supply chain pressures across the auto industry, particularly for raw materials, Elon Musk said on Monday in response to a tweet
1 June 2021, 18:00 PM

Opec, Russia seen gaining more power with Shell Dutch ruling

Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia.
1 June 2021, 18:00 PM

Daimler to pay Nokia patent fees, ending German legal spat

Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies.
1 June 2021, 18:00 PM