Faruque Hassan, managing director of Giant Group, formally takes charge of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) as president as the platform’s board of directors has elected him as the panel leader today.

Exporters, importers and local enterprises today said they will face severe challenges in daily transactions during the seven-day closure starting from tomorrow when their factories will open but banks will be kept closed.

Clients are madly rushing to the nearby banks today in attempts to withdraw cash and complete banking transactions just a day before the beginning of a seven-day restrictions on movement from tomorrow

Bangladesh Railway will operate special parcel trains to help farmers transport produce during the weeklong strict restrictions starting tomorrow.

United Commercial Bank has launched Uclick, a customer onboarding app, in line with Bangladesh Bank’s Electronic Know Your Customer policy.

Shares in tech giant Alibaba climbed more than six percent Monday as the ecommerce titan reassured investors that a record $2.78 billion antitrust fine imposed by China would have little impact on its operations.

Pubali Bank has recently witnessed the appointment of a new managing director and CEO.

Senior White House officials will meet on Monday with top executives from nearly 20 major companies to discuss a global semiconductor shortage that has roiled the automotive industry and technology firms.

Remittances of $2.7 billion in March from Pakistani workers employed abroad exceeded $2 billion for the 10th consecutive month, and were up 43 per cent from a year earlier, the central bank said on Monday.

The Indian government has told fertiliser producers they cannot make immediate price increases, a junior minister said on Friday after some companies raised prices this week.

Chinese telecoms equipment maker Huawei Technologies will invest more in businesses that are less reliant on advanced process techniques, it said on Monday, citing US sanctions that have reduced its access to high-end semiconductors.

Federal Reserve chairman Jerome Powell said he was more worried about the risk of a large-scale cyberattack than another financial crisis like that of 2008. The risks of a 2008-like crisis with a need for government bailouts of banks were “very, very low,” the head of the US central bank said during an interview aired Sunday on CBS’s “60 minutes. “ “The world changes.

Boutique operators in eight northern districts are worried about their survival as they now fear counting huge losses for the second year in a row due to the ongoing pandemic.

Bangladesh Bank yesterday extended the deadline for disbursing a Tk 20,000 crore stimulus package for cottage, micro, small and medium enterprises (CMSME) by another three months to June.

Bangladesh Bank yesterday said banks would have to keep all their branches closed from the morning of April 14 to midnight of April 21 when strict restrictions on movement would be in place as part of its efforts to contain the coronavirus pandemic.

The country has an adequate supply of essential commodities and so, there is no chance of an unusual price hike when the demand for these products balloon during Ramadan, according to the Department of Agricultural Marketing (DAM).

US Treasury auctions offering $271 billion of new debt and a key inflation report this week could end a recent lull in the bond market, reigniting a rise in yields that worried investors in the first quarter.

The market for the equipment used in power generation, distribution and transmission is growing very fast in Bangladesh in keeping with expanding electricity production and consumption.

Chinese tech giant Huawei on Monday said it had reached an agreement with HSBC in Hong Kong to secure documents that its senior executive Meng Wanzhou hopes will help her fight extradition to the United States from Canada.

The ongoing pandemic has exacerbated Bangladesh’s financial stability risks because of high levels of non-performing loans, weak capital buffers, poor bank governance and risk management, the World Bank said in its latest report.