Health division spends only 26pc of ADP outlay

Despite giving special focus on the health sector, the government could implement only 26 per cent of the sector’s Annual Development Programme in the first 10 months of the current fiscal year.
16 May 2021, 18:00 PM

Stock index crosses 5,800 after 4 months

The benchmark index of Dhaka Stock Exchange (DSE) went past 5,800 yesterday after around four months thanks to increased participation of investors.
16 May 2021, 18:00 PM

Banking stocks suffer despite higher dividends

Most banks are announcing higher dividends for 2020 than a year ago although they were plagued by the coronavirus pandemic for most of the year and had to do with a lower interest rate regime.
16 May 2021, 18:00 PM

Boro output to decline

The production of Boro rice may decline by 1.5 per cent year-on-year to 1.90 crore tonnes in the current harvesting season because of the recent heatwave and pests attacks, according to the US Department of Agriculture (USDA).
16 May 2021, 18:00 PM

Less than 3pc of US small businesses could face tax hikes under Biden plan

Less than 3 per cent of the roughly 30m small-business owners in the United States could face tax increases under President Joe Biden’s jobs and infrastructure plan, according to a new analysis by the White House on Friday.
16 May 2021, 18:00 PM

Merkel rejects bringing forward Germany’s exit from coal

German Chancellor Angela Merkel on Saturday rejected demands to bring forward an exit date for ending coal generation in Germany, currently set at 2038.
16 May 2021, 18:00 PM

US retail sales flat, inflation fears on the rise

The US economic recovery showed signs of hitting some turbulence as shoppers curbed their spending last month and manufacturing slowed due to supply bottlenecks.
16 May 2021, 18:00 PM

Flared natural gas latest prize in bitcoin miners’ energy quest

As the value of bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas.
16 May 2021, 18:00 PM

Taiwan urges no panic buying amid new Covid rules

Taiwan appealed to people to avoid panic buying of items such as instant noodles and toilet paper as new curbs on gatherings and movement took effect to rein in the spread of Covid-19 during a spike in domestic infections.
16 May 2021, 18:00 PM

US fuel crisis eases as pipeline returns to normal after hack

Widespread gasoline shortages along the US East Coast began to ease slightly on Saturday as the operator of the nation’s biggest fuel pipeline said it was back to delivering “millions of gallons per hour” following last week’s cyberattack.
16 May 2021, 18:00 PM

Job fears, price spikes mean heartburn for Biden

High unemployment. Rising prices. Gas lines.
16 May 2021, 18:00 PM

Health division spends only 26pc of ADP outlay

Despite giving special focus on the health sector, the government could implement only 26 per cent of the sector’s Annual Development Programme in the first 10 months of the current fiscal year.
16 May 2021, 16:02 PM

Dhaka bourse’s index crosses 5,800 points after four months

The benchmark index of the Dhaka Stock Exchange (DSE) crossed the 5,800 level today after a break of around four months thanks to the increased participation of investors.
16 May 2021, 12:39 PM

Import-export resumes through Benapole port after Eid holidays

Import and export between Bangladesh and India through Benapole land port resumed today after closure for three days on the occasion of Eid-ul-Fitr, the largest religious festival of Muslims.
16 May 2021, 12:27 PM

Banking hour 10am to 2pm until May 23

Bangladesh Bank today instructed the country’s lenders to continue their limited banking operation until May 23.
16 May 2021, 11:54 AM

Solar power plant in Manikganj starts commercial operation

A 35MW solar power plant in Manikganj has gone into commercial operation, supplying electricity to the national grid.
16 May 2021, 10:03 AM

Grameen America announces investment of $1.3b in loans for 80,000 disadvantaged black female entrepreneurs

Grameen America, the leading microfinance nonprofit organization providing business capital to low-income minority women in the United States, on May 13 announced plans to accelerate its commitment to racial equity through its new ‘Elevating Black Women Entrepreneurs’ initiative. The dedicated programme, which will offer loan capital, financial training, asset and credit building tools to black women entrepreneurs, aims to expand to $1.3 billion in loans to more than 80,000 Black women entrepreneurs by 2030.
16 May 2021, 08:12 AM

Banks barred from appointing former MDs as independent directors

Banks cannot appoint their former managing directors as independent directors at their respective board as per the provisions of the Banking Companies Act 1991, Bangladesh Bank (BB) said today.
12 May 2021, 14:17 PM

Over 97% factories paid salary to garment workers: BGMEA chief

Some 99 per cent of garment factories paid the festival allowance and 97.54 per cent of factories paid the salary to the garment workers as of May 11 ahead of Eid-ul-Fitr.
12 May 2021, 12:30 PM

Export-import to remain suspended through Benapole port till May 16

Export-import through Benapole land port will remain suspended from tomorrow due to Eid-ul-Fitr, the largest religious festival of Muslims.
12 May 2021, 10:23 AM