Weavers in a bind as Covid continues rampage

Rahmat Ali, a leading producer and trader of handmade garment items in Sirajganj’s Shahzadpur upazila, made around 2,000 pieces of clothing for Eid-ul-Fitr, the largest sales season of the year.
26 April 2021, 18:00 PM

Banks must give Tk 116 crore in CSR to pandemic-hit people

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.
26 April 2021, 18:00 PM

Unilever Consumer Care’s profit drops despite higher sales

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.
26 April 2021, 18:00 PM

Stocks fall on profit booking

The stock market witnessed a profit booking session yesterday, breaking a graining streak of eight consecutive days.
26 April 2021, 18:00 PM

FBCCI polls unlikely as directors elected uncontested

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.
26 April 2021, 18:00 PM

FBCCI’s plan for a bank is an absurd idea: experts

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.
26 April 2021, 18:00 PM

Edible oil prices rise again

Edible oil prices have risen for a third time in two months, making it even more difficult for low-income groups to afford the essential cooking ingredient amidst the ongoing coronavirus pandemic.
26 April 2021, 18:00 PM

EU weighs making transport, building sectors pay for CO2 emissions

Diplomats from European Union countries will this week discuss making the transport and buildings sectors pay for their CO2 emissions, according to an internal document seen by Reuters.
26 April 2021, 18:00 PM

Handset sales down 40pc since January

Sales of mobile handsets have dropped more than 40 per cent in April compared to the January level after consumers tightened their belt as they see no immediate end to the coronavirus pandemic.
26 April 2021, 18:00 PM

US auto dealers are winners as chip shortage lifts vehicle profits

Mike Bowsher shakes his head in wonder when he hears yet another customer at one of his Buick-GMC dealerships near Atlanta has agreed to pay full sticker price of more than $71,000 for a top-of-the-line GMC Yukon XL Denali SUV that is still being assembled at a General Motors factory.
26 April 2021, 18:00 PM

Frustrated Canada presses White House to keep Great Lakes oil pipeline open

Canada is pushing on several diplomatic fronts against the US state of Michigan’s efforts to close a cross-border oil pipeline, the second such dispute since Joe Biden became US president in January, complicating the governments’ efforts to work together to lower carbon emissions.
26 April 2021, 18:00 PM

Asian shares at 6-week highs, eyes on Fed, US GDP

Asian stocks climbed to six-week highs on Monday amid signs the world economic recovery was still well on track, though rising Covid-19 cases in the region weighed on sentiment, pushing oil prices lower.
26 April 2021, 18:00 PM

Stocks fall on profit booking

The stockmarket fell today breaking an eight-day gaining streak, as investors went for booking profits.
26 April 2021, 07:41 AM

New bloodletting hits Spanish banking sector

In Spain where bank tellers were once legion, the sector is again reeling from thousands more job cuts as a 10-year trend gathers pace due to the ongoing pandemic.
25 April 2021, 18:00 PM

Saudi Arabia sees over $200b in savings from energy reforms plan

Saudi Arabia could save over $200b over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut costs to fund investments.
25 April 2021, 18:00 PM

Computer chip shortage may leave auto sector idling

What was initially downplayed as a brief hiccup in the supply of semiconductors looks more and more like a shortage that may last throughout the year in what would be a big blow to automakers.
25 April 2021, 18:00 PM

Garment workers vulnerable for poor living conditions: survey

Garment worker are still in a vulnerable position as they can hardly follow health protocols to protect themselves from the coronavirus, according a paper presented at a webinar yesterday.
25 April 2021, 18:00 PM

Losses piling up for Kuakata hoteliers

At least 20 of the 30 staffers employed by Khan Palace, a residential hotel in Kuakata beach town of Patuakhali district, have been put on administrative leave due to the ongoing coronavirus pandemic.
25 April 2021, 18:00 PM

Garment makers want more stimulus

Garment factory owners are demanding more stimulus funds from the government to pay three months’ salaries alongside festival allowances to workers.
25 April 2021, 18:00 PM

Higher earnings raise IPDC’s stock price

Stocks of IPDC Finance rose 2.08 per cent to Tk 24.50 yesterday thanks to the higher earnings declaration by the company in the first quarter of the current year.
25 April 2021, 18:00 PM