Credit Suisse in firing line after Archegos losses

Pressure was mounting on Credit Suisse on Tuesday over losses linked to the downfall of Archegos Capital, with analysts warning its dividend and share buyback plans may need to go on hold and investors advised to vote against management pay.
30 March 2021, 18:00 PM

Dollar breaks 110 yen for first time since March 2020

The dollar broke through the 110 yen barrier Tuesday for the first time in a year as optimism about the global economic outlook and rising US bond yields see investors turn away from the safe haven Japanese unit.
30 March 2021, 18:00 PM

Real-economy stirrings show US leaves Europe in the dust

Real-time data on everything from sit-down restaurant meals to job hirings shows American business and consumers leaping to take advantage of a fast vaccine rollout even as their European counterparts languish in extended lockdowns.
30 March 2021, 18:00 PM

US not yet ready to lift tariffs on China

President Joe Biden’s new trade negotiator has said the United States is not yet ready to lift tariffs on Chinese imports, but could be open to talks with Beijing.US Trade Representative Katherine Tai, whose appointment was confirmed earlier this month, told The Wall Street Journal she understood the levies were hitting some American companies and consumers, but they can also protect businesses.
30 March 2021, 18:00 PM

Vietnam Q1 growth picks up as virus is contained

Vietnam’s economy continued to expand in the first three months of the year, officials said Monday, thanks to the government’s success in containing the worst of the coronavirus.
30 March 2021, 18:00 PM

Benefits of ‘drastic’ climate action outweigh costs: economists

The cost of global warming will far outweigh the cost of rapidly cutting greenhouse gas emissions, more than 700 economists from around the world said Tuesday in an unprecedented call to climate action.
30 March 2021, 18:00 PM

Traffic in Suez Canal resumes after stranded ship refloated

Shipping was on the move again late on Monday in Egypt’s Suez Canal after tugs refloated a giant container ship which had been blocking the channel for almost a week, causing a huge build-up of vessels around the waterway.
30 March 2021, 18:00 PM

Dilemma of VAT registration of non-resident entities and their VAT agents

The government has introduced Value Added Tax and Supplementary Duty Act, 2012 and Value Added Tax and Supplementary Duty Rules, 2016, which came into effect on July 1 in 2019.
30 March 2021, 18:00 PM

Seed production brings solvency to farmers

Many farmers in Rangpur’s Lalmonirhat Sadar and Aditamari upazila have turned to vegetable seed cultivation after being left unsatisfied by the prevailing prices of food grains.
30 March 2021, 18:00 PM

LR Global allowed to manage two mutual funds again

The Bangladesh Securities and Exchange Commission (BSEC) has recently granted LR Global Bangladesh the right to regain management of DBH First Mutual Fund and Green Delta Mutual Fund.
30 March 2021, 18:00 PM

Humaira becomes first female MD of a commercial bank

Humaira Azam has become the first female managing director of a commercial bank in Bangladesh after Trust Bank appointed her to the top job.
30 March 2021, 18:00 PM

Sammilita Parishad pledges to revive exports

Reviving apparel exports, brightening the image of the industry and improving owner-worker relations are the key electoral promises the Sammilita Parishad has made for the biennial election of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
30 March 2021, 18:00 PM

Forum panel vows to brighten sector’s image

The Forum panel vying in the upcoming elections of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday said it would work to brighten the image of the apparel industry as it unveiled the manifesto.
30 March 2021, 18:00 PM

Xiaomi announces smart EV business, to invest $10b over ten years

Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a filing.
30 March 2021, 18:00 PM

Energypac exporting transformers to India’s Adani

Energypac Engineering has begun exporting transformers to Adani Electricity Mumbai, in a testament to the company’s capacity to produce high-quality products.
30 March 2021, 18:00 PM

PayPal launches crypto checkout service

PayPal Holdings Inc will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce.
30 March 2021, 18:00 PM

Move to ease container crunch

Chattogram Custom House has started disposing of 298 containers filled with perishable goods that were left abandoned by importers at the country’s premier seaport for years.
30 March 2021, 18:00 PM

Humaira Azam, first female managing director of commercial bank

Trust Bank Ltd has appointed Humaira Azam as its first female managing director.
30 March 2021, 10:49 AM

Facebook, messenger up and running again since 7:25pm

The traffic on social media platform Facebook and its messaging app became active again at 7:25pm today, said Ahmed Junayed, secretary general of International Internet Gateway Association of Bangladesh (IIGAB).
29 March 2021, 16:15 PM

US accuses China of ‘state-led’ social media campaign against companies over Xinjiang

The United States on Friday condemned what it called a “state-led” social media campaign in China against US and other international companies for deciding not to use cotton from China’s Xinjiang region over forced labor concerns.
28 March 2021, 18:00 PM