The SME Foundation will disburse Tk 300 crore from a second stimulus package for micro, small and medium enterprises (MSMEs) to help accelerate the country’s economic recovery from Covid-19.

The developed and developing countries should retain the same trade privileges for the least developed countries (LDCs) even after they graduate as the coronavirus pandemic has hit poor nations hard, officials said yesterday.

International Finance Corporation (IFC), a member of World Bank Group, is set to provide Brac Bank a $30 million loan to come to the aid of small and medium enterprises (SMEs) and larger companies hit hard by the impacts of the Covid-19.

Insurance stocks rose yesterday while the market witnessed a profit booking tendency for the second day in a row.

Tax collection increased in March thanks to improvement in receipts from import duty and value added tax (VAT), showed provisional data from the National Board of Revenue (NBR).

The Bangladesh Telecommunication Regulatory Commission (BTRC) has launched a drive to crack down on the telecom value-added service providers that stealthily activate service on the phones of customers without their consent.

Germany raised its growth forecast for 2021 on Tuesday, offering a glimpse of light at the end of the coronavirus pandemic tunnel as vaccinations finally begin to gather pace in Europe’s biggest economy.

Shortly after Britain left the European Union, finance minister Rishi Sunak pledged a series of measures he dubbed “Big Bang 2.0” to ensure the City of London remained one of the world’s top financial centres.

Bangladesh should focus on creating an effective business-friendly environment and improving the ease of doing business in the country, top businesses said in a virtual discussion yesterday.

Japan’s central bank on Tuesday raised its growth forecasts for the world’s third-largest economy, citing expected stronger demand, and left its ultra-loose monetary policy in place.

British oil giant BP said Tuesday that it rebounded into first-quarter net profit as oil prices recovered from a virus-driven slump.

European and Asian markets were mixed on Tuesday ahead of a big week of key events including the Federal Reserve’s latest policy meeting, Joe Biden’s State of the Union address and earnings from tech titans.

In order to promote all kinds of local products, Sabera Anwar, a fashion entrepreneur and owner of Panache Hub and Events, has opened up a group on Facebook named “GoDeshi-Made in Bangladesh”.

South Bangla Agriculture and Commerce (SBAC) Bank's Managing Director (MD) Tariqul Islam Chowdhury has stepped down from his position before completing his three-year tenure.

Prominent Industrialist and Chairman of the Phoenix Group, Deen Mohammad, passed away due to old age complications at a Dhaka hospital early today. He was 83.

Banks will have to allocate around Tk 116 crore to carry out corporate social responsibility (CSR) programmes in the form of providing essential goods and medical equipment to the underprivileged affected by the coronavirus pandemic.

Unilever Consumer Care’s sales rose 14 per cent year-on-year to Tk 114 crore in the first quarter of the current year but it could not prevent a 31.8 per cent drop in profits due to an increase in prices of raw materials and duty.

The stock market witnessed a profit booking session yesterday, breaking a graining streak of eight consecutive days.

The biennial election of the country’s apex trade body might not take place on May 5 as candidates have been elected uncontested after four hopefuls withdrew their candidature.

The country’s apex trade body plans to set up a commercial bank and an insurance company to serve better cottage, micro, small and medium enterprises (CMSMEs), which struggle to secure loans despite being the backbone of the economy.