Asia markets fall again as virus fears hit confidence

Asian markets extended their losses yesterday with virus and vaccine fears returning to haunt investors as Europe faces fresh infection spikes and lockdowns that could knock the economic recovery off course.
24 March 2021, 18:00 PM

Intel to spend $20b on new US chip plants

US chip titan Intel said Tuesday it will invest $20 billion in building two new plants in Arizona as part of a plan to ramp up production in the United States and Europe.
24 March 2021, 18:00 PM

Banks provided $4t to oil since climate deal: NGOs

The world’s leading banks have provided the fossil fuel industry with $3.8 trillion in financing in the five years following the signing of the Paris climate accord, a group of non-governmental organisations said on Tuesday.
24 March 2021, 18:00 PM

One-fifth of largest companies adopt net-zero emissions target

One in five of the world’s 2,000 largest publicly listed companies have now committed to a “net-zero” emissions target to help tackle climate change, researchers said on Tuesday.
24 March 2021, 18:00 PM

Govt to import 50,000 tonnes of rice from India

The government yesterday approved the import of 50,000 tonnes of rice from India in order to increase the country’s food stock and control spiralling prices.
24 March 2021, 18:00 PM

Grass that changed luck of thousands of farmers

Twenty years ago, Abdul Gafur Sheikh was a poor day-labourer and debt-ridden and found it difficult to feed a family of six.
24 March 2021, 18:00 PM

Govt moves to speed up ADB-funded projects

The government and Asian Development Bank (ADB) have agreed on short and medium-term roadmaps for 2021-2022 to further accelerate the implementation of ADB-assisted projects.
24 March 2021, 18:00 PM

Call drop rate still within limit: BTRC survey

Despite repeated complaints of call drops from users, the telecom regulator today said the percentage of call drop in the country is still within the limit.
24 March 2021, 16:51 PM

Pandemic delays Bangladesh becoming fifth Asian Tiger: Mustafa Kamal

Bangladesh would have emerged as the fifth Asian Tiger in the next five years if it had not suffered economic losses due to the coronavirus, Finance Minister AHM Mustafa Kamal said today.
24 March 2021, 14:41 PM

ADB to accelerate project implementation for faster socio-economic recovery

The Government of Bangladesh and Asian Development Bank (ADB) at a tripartite portfolio review meeting (TPRM) today assessed the 2020 performance and agreed on short- and medium-term roadmaps for 2021-2022 to further accelerate implementation of ADB-assisted projects.
24 March 2021, 13:53 PM

Decision on whitening black money in next budget session: Finance minister

The next budget to be presented at the parliament will make it clear whether the scope for whitening the black money will be there in the next fiscal year or not, Finance Minister AHM Mustafa Kamal said today.
24 March 2021, 13:20 PM

Plan to establish branches of Probashi Kallyan Bank in each upazila: Expatriates’ welfare minister

Expatriates’ Welfare Minister Imran Ahmad today said they have set a target to establish branches of Probashi Kallyan Bank in each upazila of the country.
24 March 2021, 13:13 PM

CPTU wins WB award

The Central Procurement Technical Unit (CPTU) has won the World Bank’s Directors Award for Most Innovative, Collaborative and Impactful Governance Global Practice Operations for its “Digitising Implementation Monitoring and Public Procurement Project (DIMAPPP)”.
24 March 2021, 12:48 PM

Govt to buy another 50,000 tonnes of rice from India

The government will buy another 50,000 tonnes of rice from India.
24 March 2021, 11:41 AM

PTA with Bhutan: PM for constructing infrastructure to reap highest benefits

Prime Minister Sheikh Hasina today put emphasis on constructing necessary infrastructures to reap the highest benefits from the Preferential Trade Agreement (PTA) signed between Bangladesh and Bhutan.
24 March 2021, 09:19 AM

NRB Bank gets new DMD

NRB Bank has recently appointed a new deputy managing director (DMD). The appointee, Md Shakir Amin Chowdhury, was previously Dhaka Bank’s DMD, says a press release.
23 March 2021, 18:00 PM

World’s largest coal miner Coal India bets on solar, eyes further mine closures

Coal India Ltd, the world’s largest coal miner, could venture into solar wafer manufacturing and wants to “aggressively” participate in the country’s solar energy auctions, its chairman told Reuters on Tuesday.
23 March 2021, 18:00 PM

UK unemployment dips to 5pc

Britain’s unemployment rate dipped to 5.0 per cent in the three months to the end of January, remaining close to five-year highs on the fallout from the coronavirus pandemic, official data showed Tuesday.
23 March 2021, 18:00 PM

Powell sees ‘strengthening’ US recovery but desperation continues

The US recovery from the Covid-19 pandemic “looks to be strengthening,” Federal Reserve Chair Jerome Powell said on Monday, but vowed the central bank would continue its efforts to aid racial minorities and other groups hurt most by the downturn.
23 March 2021, 18:00 PM

Microsoft in talks to acquire Discord for more than $10b

Microsoft Corp is in talks to buy messaging platform Discord Inc for more than $10 billion, Bloomberg News reported, citing people familiar with the matter.
23 March 2021, 18:00 PM