US oil giants return to profitability in Q1

After a string of losses, ExxonMobil and Chevron on Friday both reported a return to profitability in the first quarter, bolstered by a significant jump in oil prices.
2 May 2021, 18:00 PM

7UP now in Ramadan packaging

Carbonated soft drink brand 7UP® will be available in a new limited-edition green and golden packaging celebrating Ramadan.
2 May 2021, 18:00 PM

Stimulus boosts US consumer spending; inflation warming up

US consumer spending rebounded in March amid a surge in income as households received additional Covid-19 pandemic relief money from the government, building a strong foundation for a further acceleration in consumption in the second quarter.
2 May 2021, 18:00 PM

Warren Buffett says US economy’s unexpected strength benefits Berkshire

Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a US economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash.
2 May 2021, 18:00 PM

A Rouf Chowdhury reelected Bank Asia chairman

A Rouf Chowdhury has recently been reelected chairman of Bank Asia at the 453rd meeting of its Board of Directors.
2 May 2021, 18:00 PM

Profit-taking hits US stocks, recession hobbles Europe

US markets were hit by a bout of profit-taking on Friday, while in Europe data confirming the eurozone is back in recession dampened investor enthusiasm.
2 May 2021, 18:00 PM

Lockdown clears way for roadside paddy threshing

There are a total of 424 haor areas in Sylhet where boro paddy is cultivated. Due to a lack of free space in the region, local roads and highways are the first choice among farmers to dry and thresh their stock.
2 May 2021, 18:00 PM

Progress in business climate laudable, but further improvement needed

The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan’s biggest recipient of the Official Development Assistance in 2020. Since the Covid-19 pandemic started more than a year ago, there has been a lot of talks and anticipation about Japanese businesses moving base to Bangladesh.
2 May 2021, 18:00 PM

Nialco stock subscriptions May 16-20

Stock subscriptions for the country’s first-ever small and medium enterprise (SME) to enter the stock market would run between May 16 and 20.
2 May 2021, 18:00 PM

Stock turnover hits 3-month high

Investors are pouring money into stocks pinning hopes on the higher profit declarations by the listed companies for the latest quarter.
2 May 2021, 18:00 PM

e-CAB members can now remit abroad ad fees

The central bank today gave go-ahead to the members of the e-Commerce Association of Bangladesh (e-CAB) to remit abroad the fees for the advertisements broadcasted in different digital platforms.
2 May 2021, 13:58 PM

Exports rise six times to hit $3.13b

Export earnings rose six times year-on-year to hit $3.13 billion in April this year thanks to the rebound of apparel shipment with the reopening of the US and European economies.
2 May 2021, 12:30 PM

Remittance crosses record $20b in 10 months

Remittance increased 39 per cent year-on-year to $20 billion in the first 10 months of the current fiscal year.
2 May 2021, 12:24 PM

DSE turnover crosses Tk 1,400cr for first time in three months

Turnover at the Dhaka Stock Exchange (DSE) crossed Tk 1,400 crore today after a break of three months.
2 May 2021, 08:55 AM

Shujog.xyz, a new online platform for skills development, launched today

iSocial, a social enterprise aimed at women empowerment, launched an online platform called "Shujog.xyz" which will create opportunities for skills development, training and entrepreneurship for young men and women.
1 May 2021, 09:59 AM

Focus on health and social protection, not GDP growth

The upcoming budget should focus on health, social protection and job creation to shield the people from the impacts of the second wave of the coronavirus, instead of putting too much attention on economic growth, the Centre for Policy Dialogue (CPD) said yesterday.
29 April 2021, 18:00 PM

China and home cooks help Unilever top forecasts

Unilever beat quarterly sales forecasts on Thursday, helped by a pick-up in home cooking in coronavirus lockdowns and a strong economic recovery in China, and said it would buy back up to 3b euros ($3.6b) of shares from May.
29 April 2021, 18:00 PM

Mercantile Bank reappoints chairman

Mercantile Bank has recently witnessed the reappointment of its chairman.
29 April 2021, 18:00 PM

Airbus sticks with plan to raise jet output

Airbus on Thursday confirmed plans to raise production of its most-sold jets as airlines begin an uneven recovery from the pandemic, despite setbacks in Europe and a rapidly worsening wave of infections in India.
29 April 2021, 18:00 PM

German jobless rate holds steady in April

Germany’s unemployment rate stayed stable at six percent in April, the federal labour agency said Thursday, even as a third coronavirus wave forced new restrictions in Europe’s top economy.
29 April 2021, 18:00 PM