Govt plans ambitious aid use target

The government plans to set an ambitious target of using foreign aid worth Tk 88,024 crore for development projects in the next fiscal year as external assistance has piled up.
29 April 2021, 18:00 PM

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

Samsung profit jumps by nearly half

South Korean tech giant Samsung Electronics posted a 46.3 per cent rise in first-quarter net profits on Thursday, largely driven by robust sales of its smartphones and home appliances due to continued stay-at-home demand.
29 April 2021, 18:00 PM

Biden launches audacious middle class spending package

President Joe Biden will unveil a nearly $2t spending plan to boost the middle class Wednesday as the highlight of a sunny, yet audacious speech to Congress, signaling the Democrat’s bid to reshape America.
29 April 2021, 18:00 PM

Date sales moderate this Ramadan

Seasonal date traders in Dhaka have moderate sales of the most popular iftar item ahead of and during Ramadan as many city-dwellers left the capital because of the reinstatement of the strict coronavirus restrictions.
29 April 2021, 18:00 PM

Pay garment workers’ salaries, festival allowances by May 10, says state minister for labour

The garment factory owners should complete the payment of salaries and festival allowances of their workers by May 10, State Minister for Labour and Employment Begum Monnujan Sufian said today.
29 April 2021, 12:24 PM

Uber to recruit 20,000 UK drivers on post-lockdown demand

Uber plans to recruit 20,000 more drivers in the United Kingdom to help fill swelling demand for rides as the country’s coronavirus lockdown restrictions ease.
29 April 2021, 11:40 AM

Ensure long-term cash assistance for low-income people, CPD says in budget proposals

Ensuring long-term cash assistance for low-income people should be seen as a strategic objective of the National Board of Revenue (NBR) during the preparation of the next national budget, said the Centre for Policy Dialogue (CPD).
29 April 2021, 10:49 AM

Garment workers suffered 35pc pay cut during lockdown: study finds

Bangladeshi workers in the readymade garments sector suffered a 35 per cent pay cut during the lockdown for the ongoing pandemic last year, according to a new study.
29 April 2021, 09:32 AM

12kg LPG cylinder price reduced to Tk 906

Bangladesh Energy Regulatory Commission today reduced the retail prices of liquefied petroleum gas (LPG) of private companies by around 7 per cent.
29 April 2021, 09:28 AM

Stocks again on gaining streak

The stock market continued to rise for the last two consecutive trading days thanks to higher investor participation.
29 April 2021, 08:29 AM

Euro zone bond yields rise ahead of Fed meeting

Euro area bond yields tracked Treasury yields higher on Wednesday, ahead of the close of the US Federal Reserve’s policy meeting later in the session.
28 April 2021, 18:00 PM

Govt floats tender to lease out 25 jute mills

The government has floated an international tender to lease out 25 state-run jute mills for a period of five to 20 years even though industrialists seem uninterested on the short-term deals.
28 April 2021, 18:00 PM

Samsung heirs to pay billions, donate Monet, Picasso works for tax bill

The heirs to South Korea’s Samsung group announced their plans to pay more than $10b in death duties Wednesday -- one of the world’s biggest-ever inheritance tax settlements -- including donating Picasso and Monet artworks.
28 April 2021, 18:00 PM

ADB cuts growth projection for second wave

The Asian Development Bank (ADB) has downsized its projection about the Bangladesh’s GDP growth in the current fiscal year of 2020-21, considering the second wave of Covid pandemic and fresh lockdown that restricted economic activities.
28 April 2021, 18:00 PM

SBAC Bank gets new CEO

The South Bangla Agriculture and Commerce Bank recently witnessed the appointment of a managing director and CEO.
28 April 2021, 18:00 PM