Sensible credit card use offers perks

The consumption behaviour of Bangladesh’s growing middle class has made credit cards popular in recent years with a number of banks offering a wide range of discounts and cashback facilities on purchases.
22 April 2021, 18:00 PM

Tesla’s bad week in China was months in the making

Tesla Inc has had a terrible week in China, but sentiment against the US electric car company in its second-biggest market had been building as it struggled to keep pace with rapid growth.
22 April 2021, 18:00 PM

Farm loan interest cut to 8pc

Bangladesh Bank yesterday cut the interest rate on farm loans as part of its efforts to boost the agriculture sector amidst the ongoing economic slowdown caused by the coronavirus pandemic.
22 April 2021, 18:00 PM

J L Rover output at two UK plants hit by chips shortage

Output at two of Jaguar Land Rover’s (JLR) British car factories will be temporarily halted from Monday, due to Covid-19 supply chain disruption, including a lack of semi-conductors, the firm said on Thursday.
22 April 2021, 18:00 PM

There is no glass ceiling for women, sky is the limit

Women should strengthen their psychological state and be always prepared to face any challenge to find success in the banking sector.
22 April 2021, 18:00 PM

Facebook begins testing ads in Instagram Reels

Facebook Inc on Thursday said it will begin testing ads on its TikTok clone Instagram Reels in India, Brazil, Germany and Australia, as the social media giant aims to make money from its short-form video feature.
22 April 2021, 18:00 PM

Bus owners in a tight spot

Bus operators in Bangladesh are losing Tk 500 crore every day as they have been off the road because of the lockdown, which may turn many owners into loan defaulters as their income has fallen to zero.
22 April 2021, 18:00 PM

US weekly jobless claims decline further

Fewer Americans filed new claims for unemployment benefits last week, suggesting layoffs were subsiding and strengthening expectations for another month of blockbuster job growth in April as a re-opening economy unleashes pent-up demand.
22 April 2021, 18:00 PM

Samsung leader Jay Y Lee attends trial amid calls for pardon

Samsung Electronics Co Ltd Vice Chairman Jay Y. Lee on Thursday made his first public appearance since being jailed in January, as he attended court to face charges of fraud and stock manipulation amid calls for his release.
22 April 2021, 18:00 PM

China rebukes Australia for ‘Cold War mentality’ after Belt and Road accords cancelled

Australia said on Thursday that it cancelled two accords between Victoria state and China on the Belt and Road Initiative because they were out of line with the federal government’s foreign policy, which sees a “free and open Indo Pacific” as a key goal.
22 April 2021, 18:00 PM

Netherland seeks ‘accomodating business climate’ for more investment in Bangladesh

The Netherlands seeks an “accommodating business climate” for foreign investment and trade, as well as adherence to global labour and environmental standards, in order to attract more foreign investment and business to Bangladesh.
22 April 2021, 16:22 PM

Banks asked to provide conveyance to employees

Bangladesh Bank today asked banks to pay conveyance to their officials during strict restriction that began on April 14 to contain the spread of coronavirus.
22 April 2021, 15:04 PM

57% Rana Plaza survivors jobless, 92% received no govt support during pandemic: ActionAid survey

Around 57 per cent of the survivors of Rana Plaza—the deadliest industrial disaster in the history of Bangladesh that left over 1,100 dead in 2013—have remained unemployed during the pandemic, a study finds.
22 April 2021, 08:04 AM

Stocks continue gaining

The stockmarket continued its gaining streak today and insurance shares once again topped the gainers' list.
22 April 2021, 07:29 AM

Clash at Banshkhali Power Plant: Hawkers demand justice for victims

Bangladesh Hawkers’ Union today formed a human chain, demanding justice for the workers of an under-construction coal-fired power plant, who were killed during a clash with police in Banshkhali upazila of Chattogram on April 17.
22 April 2021, 07:05 AM

Steps to curb infections slow economic activities: ICC-B

The lockdowns to control the infection of Covid-19 have devastated economies, as the economic activities of people paused to a great extent, according to the International Chamber of Commerce - Bangladesh (ICC-B).
21 April 2021, 18:00 PM

GP net profit drops 16pc

Grameenphone, the country’s biggest mobile phone operator, saw its net profit drop 16 per cent year-on-year to Tk 890 crore in the January-March quarter of 2021, impacted by a reduction in inter-connection revenue and economic uncertainties from Covid-19.
21 April 2021, 18:00 PM

India says EU summit will be virtual due to Covid surge

A planned summit between European Union and Indian leaders in Portugal next month will now be virtual because of the sharp rise in coronavirus cases in India, New Delhi said Tuesday.
21 April 2021, 18:00 PM

Clothing brands still see Bangladesh as a major supplier

Despite the uncertainty caused by the coronavirus pandemic, international clothing brands are confident that Bangladesh will remain a major source of apparels in the coming months, according to a new study.
21 April 2021, 18:00 PM

OPPO offers 30pc discount on repairs

Consumer electronics company OPPO is offering a 30 per cent discount on smartphone maintenance and repairs and a 5 per cent discount on all IoT devices and accessories from April 22 to May 22.
21 April 2021, 18:00 PM