SME Foundation to hand Tk 100cr to small businesses

The SME Foundation will disburse Tk 100 crore as a government incentive to small and medium entrepreneurs in the current fiscal year to help them recover from the damages caused by the pandemic.
27 March 2021, 18:00 PM

Stock investors on edge over Covid surge

Stock investors are in a state of panic due to the sharp increase in Covid-19 infections across the country, leading to a downward trend in the market for the past two weeks.
27 March 2021, 18:00 PM

So many potatoes, yet nowhere to store

Increased potato production has become a cause for concern for farmers, particularly in the northern region of Bangladesh, as growers are finding it hard to manage space at cold storages to preserve the tuber.
27 March 2021, 18:00 PM

1,320MW Payra plant awaits inauguration

A coal-fired Payra power plant of 1,320 megawatts (MW) in Dhankhali area under ​​Kalapara upazila of Patuakhali district is awaiting inauguration.
27 March 2021, 18:00 PM

Stocks gain on upbeat economic data

Stock markets rose Friday after German, UK and US economic data provided a brighter outlook for major economies worldwide.
27 March 2021, 18:00 PM

Uncertainty may curb rising card spending

Spending through credit cards maintained an upward trend in Bangladesh in January, but bankers say the rising coronavirus infections and deepening uncertainty may discourage credit-based purchases.
27 March 2021, 18:00 PM

US spending and income declined in February as stimulus faded

US spending dropped more than expected and income plunged in February, Commerce Department data released on Friday said, an outcome economists blamed on the tapering-off of government stimulus checks and bad winter weather that kept shoppers at home.
27 March 2021, 18:00 PM

RMG orders slump

International buyers are following a ‘go-slow’ policy in placing orders with apparel suppliers in Bangladesh because of fresh lockdowns and stricter restrictions in key markets amid a rise in coronavirus infections and piling up of unsold goods amid depressed sales.
27 March 2021, 18:00 PM

Bank Asia celebrates golden jubilee of independence

Bank Asia celebrated the golden jubilee of Bangladesh’s independence through hoisting of the national flag at its Paltan corporate office in Dhaka, rendition of the national anthem and observance of one minute’s silence for Liberation War martyrs.
27 March 2021, 18:00 PM

Export dev fund being raised to $5.5b

Bangladesh Bank has decided to increase the size of its export development fund (EDF) as it reaches out to businesses tackling slowdowns from a recent resurgence in daily Covid-19 cases, the highest since last July.
27 March 2021, 18:00 PM

Pandemic pushes French govt debt to highest since 1949

French public debt soared last year to its highest levels since shortly after World War II due to the coronavirus pandemic and ensuing economic
27 March 2021, 18:00 PM

City Bank wins AsiaMoney award

City Bank has been awarded a “Best Digital Bank in Bangladesh 2021” by global financial publication AsiaMoney for “outstanding contributions in digital banking in Bangladesh”.
27 March 2021, 18:00 PM

BB ‘to announce’ new cyber security guidelines

Bangladesh Bank will soon announce new cyber security guidelines for the banking sector, said the central bank’s head of IT recently.
27 March 2021, 18:00 PM

Local aviation operators’ platform gets new committee

A newly elected executive committee of the Aviation Operators Association of Bangladesh has recently taken over charge for 2021-2023.
27 March 2021, 18:00 PM

Volkswagen recalls Audi A3s in US over air bag concerns

Volkswagen has issued a recall for more than 150,000 Audi vehicles in the United States on concerns that their passenger air bags might not activate, according to a filing to the National Highway Traffic Safety Administration (NHTSA).
27 March 2021, 18:00 PM

Suez Canal steps up efforts to free stuck vessel, US watches energy market impact

Dredging and tugging aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes.
27 March 2021, 18:00 PM

UK, EU agree post-Brexit financial services regulation

Three months after Britain exited the EU, London on Friday reached a cooperation agreement on financial services with Brussels but despite this first step rivalries between the two sides remain.
27 March 2021, 18:00 PM

WB's $250m loan for faster recovery of Bangladesh from pandemic

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.
27 March 2021, 09:33 AM

Stocks drop despite higher dividends given by four firms

Higher year-on-year dividend declarations from four listed companies could do little to prevent the country’s stock market from making a drop yesterday.
25 March 2021, 18:00 PM

NBR works to cut country’s import dependence, says its chairman

The National Board of Revenue (NBR) wants to prioritise local industries when making considerations for the next national budget in order to strengthen the country’s economy.
25 March 2021, 18:00 PM