China moved to tighten scrutiny over its credit rating business on Sunday, issuing draft rules aimed at bolstering an industry long blamed for inflating ratings in the country’s $4.4 trillion corporate bond market.

An upsurge in new coronavirus cases is forcing governments across Europe into new, damaging lockdowns that threaten to delay a much hoped-for return to growth, economists say.

Trade of stocks dropped to an eight-month low yesterday amidst a fast increase in Covid-19 infections.

Poultry industry operators, including breeders and feed millers, yesterday urged the government for a 10-year tax break to facilitate their recovery from Covid-induced losses.

Some 6 per cent local garment factories have adopted new business models or innovative plans to incorporate sustainability in a post-pandemic recovery, a new study said yesterday.

The central bank yesterday instructed banks to keep the margin on the opening of letters of credits to import essential commodities at the lowest level to meet the increased demand of the products during Ramadan.

The construction of a bridge on Payra river in the Lebukhali area of ​​the Patuakhali-Dhaka highway is set to be complete by July this year.

Private sector credit growth went up moderately in February to keep up with the recovering trend of the economy, but bankers say the rising coronavirus infections and deepening uncertainty have dipped the growth in March.

The World Bank has more than doubled its gross domestic product (GDP) growth prediction for Bangladesh for the current fiscal year as the economy shows signs of recovery.

Businesses yesterday had little been affected by Hefajat-e-Islam’s countrywide hartal as almost all export, import, retail and wholesale trade and banking activities continued at the normal pace.

Juned Ahmed, an official of a private bank, bought a 1,525 square-feet used flat in the Sector 10 of the capital’s Uttara at Tk 83 lakh. Had he wanted to purchase a new one, he would have to shell out at least Tk 1.20 crore, an amount that would have been tough for him to manage.

Shamim Ahmed, managing director at Sun Flower Melamine Industries, has been elected president of the Bangladesh Plastic Goods Manufacturers & Exporters Association for 2021-2022.

Abdul Baki, additional secretary (World Bank Wing) to Economic Relations Division, has recently been appointed to an additional role of managing director of Infrastructure Investment Facilitation Company (IIFC) with effect from March 24.

Omera Petroleum has recently used 2,310 Omera LPG cylinders to spell out “Ponchash a Bangladesh” in Bangla on its Mongla premises marking the 50th Independence Day of Bangladesh.

The central bank today instructed banks to keep the margin on the opening of letters of credits to import essential commodities at the lowest level to meet the growing demand of the products during Ramadan.

The central bank today instructed banks to keep the margin on the opening of letters of credits to import essential commodities at the lowest level to meet the growing demand of the products during Ramadan.

The Ministry of Expatriates’ Welfare and Overseas Employment and the International Labour Organization (ILO) have signed a Memorandum of Understanding (MOU) on March 27 to roll out three online-based reporting platforms to help upskill and protect migrant workers.

Stocks bounced back today despite an ongoing dawn-to-dusk hartal called by Hefazat-e-Islam.

The World Bank approved $250 million on March 26 to help Bangladesh effectively respond to the Covid-19 pandemic for a faster recovery and stronger resilience to future crises.

Off late shipping costs have gone through the roof, making life miserable for the businesses. The freight rate for a 40-foot container to European base ports from Chattogram has reached to $5,000 level.