The government will set up a modern and high-frequency telecommunication network at five economic zones and tourism parks in Sylhet, Jamalpur and Cox’s Bazar, with an aim to accelerate the country’s economic development.

United Commercial Bank (UCB) has decided to form two funds totalling Tk 700 crore to cater to a growing demand for finance among promising local startups and e-commerce companies.

The national budget for fiscal 2021-22 should focus on enhancing healthcare, social security, education, and employment in the country while also protecting its industrial units from the Covid-19 fallout, analysts say at a webinar yesterday.

In a rare move, the central bank has taken a raft of measures to put National Bank Ltd back on track in the wake of massive irregularities at the first-generation private lender.

The pandemic is showing no signs of abating but still 41.8 per cent of Japanese companies in Bangladesh during 2020 wanted to expand business in the next two years, according to a survey by Japan External Trade Organization (Jetro).

European shares inched lower on Tuesday as an early boost from commodity, bank and travel stocks was offset by losses in highly valued technology companies and automakers.

The US trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation’s economic activity rebounds faster than its global rivals.

The dollar drifted higher in the Asia session on Tuesday, pausing a monthlong decline as investors weigh whether a roaring US economic recovery may force interest rates higher and are looking to upcoming economic data and policy speeches for clues.

Prime Minister Sheikh Hasina today directed the state-owned organisations, including banks, Biman Bangladesh Airlines, and Bangladesh Telecommunications Company Ltd (BTCL), to be self-reliant.

Natore district administration has set May 10 and 20 for starting lychee and mango harvest respectively.

Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world’s largest private charitable foundations, filed for divorce on Monday after 27 years of marriage but pledged to continue their philanthropic work together.

A leading Indian industry body urged authorities to take the “strongest national steps” and to curtail economic activity to save lives on Sunday as the country battles surging coronavirus cases that have overwhelmed the healthcare system.

The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan’s biggest recipient of official development assistance in 2020.

The Bangladesh Securities and Exchange Commission (BSEC) will appoint a special auditor for Fareast Finance and Investments to investigate the company’s financial situation.

Stocks closed lower yesterday as a profit-booking tendency continues to prevail among investors following a three-day gaining streak.

The country’s foreign exchange reserves yesterday hit a new record of $45.1 billion thanks to an upward trend of remittance and lower import payments.

Within a span of six hours last week, US President Joe Biden and Federal Reserve Chair Jerome Powell embarked on a potentially historic course, pairing massive government spending and ultra-easy monetary policy in an effort not just to rescue the economy from a recession but to reset its trajectory.

Consumers will now be able to buy a litre of edible oil at Tk 141 per litre as refiners and manufacturers have reduced the price by around 2 per cent from Tk 144.

Electric vehicle maker Tesla, facing scrutiny in China over safety and customer service complaints, is boosting its engagement with mainland regulators and beefing up its government relations team, industry sources said.

The country’s ceramic manufacturers have demanded low-cost funds on easy terms for payment of their workers’ salaries, allowances and Eid bonuses.