Securing liquidity support from the banking system is important for the survival of the garment industry as exporters have been facing a cash crunch for more than a year after Covid-19 caused shipments to crash, said Faruque Hassan, the panel leader of Sammilita Parishad.

Economist Binayak Sen yesterday became the director general at the Bangladesh Institute of Development Studies (BIDS).

South Korea’s Hyundai Motor Co said on Tuesday it plans to temporarily suspend production at its Ulsan No.1 plant in South Korea due to chip and component supply issues from April 7-14. “We are closely monitoring the situation to take prompt and necessary measures and optimize production in line with the supply conditions,” Hyundai said in a statement.

The banking watchdog has ordered lenders to immediately introduce alternate-day duty rosters for their workforce in order to cope with the second wave of the coronavirus pandemic.

Remittance increased 50 per cent year-on-year to $1.91 billion in March, the highest growth since last July.

There will be no risk with food in the country, even in the coronavirus pandemic, if Boro paddy can be brought home successfully all over the country, Agriculture Minister Md Abdur Razzak said today.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday teamed up with the Sustainable and Renewable Energy Development Authority (Sreda) to ensure sustainable energy use in the apparel sector.

The banking watchdog has ordered banks to immediately introduce alternate duty roster for its workforce in order to tackle the second wave of the coronavirus pandemic.

Garment makers in nine countries including Bangladesh -- spanning Asia, the Middle East and North Africa -- have banded together to demand better contract terms from global clothing retailers, according to a draft document seen by Reuters.

The cabinet committee on purchase yesterday approved purchase of another 50,000 tonnes of rice from an Indian supplier.

Around 300 women in Modonerpara village of Gaibandha’s sadar upazila have been using water hyacinths from a nearby water-body to craft flower vases for the past month.

The Bangladesh Securities and Exchange Commission (BSEC) has dissolved the board of directors of Fareast Finance due to the non-bank financial institution’s (NBFI) failure to make profits, pay dividends or take any effective steps to address the issues.

The stock market nosedived to a four-month low yesterday amid fears of a second wave of the coronavirus pandemic.

Startup Bangladesh, the flagship venture capital fund of the ICT ministry, announced the first series of investments of Tk 15 crore, or $1.75 million, for seven startups yesterday.

Bangladesh Bank yesterday showcased a rare regulatory forbearance, waiving a Tk 89 crore fine which had been slapped on Padma Bank.

Britain’s economy staged a stronger-than-expected bounceback in the second half of 2020, official data showed Wednesday, indicating a nascent recovery from the damaging coronavirus crisis.

Rokia Afzal Rahman has recently been elected chairman of the board of directors of Midas Financing Ltd, one of the leading non-bank financial institutions in Bangladesh.

IDLC Finance yesterday approved 15 per cent cash and 5 per cent stock dividends for 2020 at its 36th annual general meeting held virtually in compliance with directives of the Bangladesh Securities and Exchange Commission.

Bangladesh Bank yesterday extended the deadline to disburse the Tk 5,000 crore stimulus package for entrepreneurs in the farm sector by another three months following lacklustre lending.

Global payment technology company Mastercard has launched “The Grand Escape” campaign marking Pohela Boishakh and Ramadan.