Curbing graft would make economy stronger

The country could have progressed more if its economy is made vibrant by controlling corruption in an honest, efficient and effective manner, Finance Minister AHM Mustafa Kamal yesterday said.
21 March 2021, 18:00 PM

Booming orders bolster e-commerce logistics

Logistics companies that cater to online businesses in Bangladesh have prospered during the coronavirus pandemic, as an increasing number of people moved to digital platforms to make purchases.
21 March 2021, 18:00 PM

IMF sees signs of stronger global recovery, but significant risks remain

The No. 2 official at the International Monetary Fund on Saturday pointed to emerging signs of a stronger global economic recovery, but warned that significant risks remained, including the emergence of mutations of the coronavirus.
21 March 2021, 04:23 AM

Italy approves 32b euro package for virus-hit economy

Italy’s government approved Friday a 32-billion-euro ($38-billion-dollar) economic relief package for coronavirus-stricken businesses and workers.
20 March 2021, 18:00 PM

Canadian border agent covertly gathered evidence on Huawei for FBI, defence argues

The Canadian border agent who questioned Huawei Chief Financial Officer Meng Wanzhou before her arrest at Vancouver airport in 2018 went beyond the scope of his jurisdiction, in an effort to gather evidence for the FBI, Meng’s legal team said on Friday.
20 March 2021, 18:00 PM

Fed to let bank-leverage exemption expire this month, will review rule

Big US banks will have to resume holding an extra layer of loss-absorbing capital against US Treasuries and central bank deposits from next month after the Federal Reserve said on Friday it would not extend a temporary pandemic regulatory break due to expire this month.
20 March 2021, 18:00 PM

US Justice Department probing Visa over debit practices

The Justice Department is looking at Visa Inc’s debit practices, the company said on Friday, after reports the United States was investigating whether the credit card company uses anticompetitive practices in the debit-card market.
20 March 2021, 18:00 PM

PepsiCo Foundation, Brac team up for safe water scheme in Cox’s Bazar

The PepsiCo Foundation has launched a pilot programme with Brac to increase safe water access in the Cox’s Bazar district by supporting local water entrepreneurs in establishing water treatment plants to sustainably provide affordable, clean water to community members.
20 March 2021, 18:00 PM

Standard Bank AMD made ‘IFN Roadshow Bangladesh-2021’ member

Standard Bank’s Additional Managing Director Md Touhidul Alam Khan has been nominated as member of the advisory board of international “IFN Roadshow Bangladesh-2021” to be held on April 5.
20 March 2021, 18:00 PM

G7 backs ‘sizeable’ IMF aid for Covid-hit poor nations

G7 finance ministers have agreed to support “sizeable” IMF aid for the poorest nations hit by the Covid pandemic, Britain said Friday, vowing that no country would be left behind.
20 March 2021, 18:00 PM

Musk says Tesla would be shut down if its cars spied in China, elsewhere

Tesla Inc chief executive Elon Musk said on Saturday his company would be shut down if its cars were used to spy, his first comments on news that China’s military has banned Teslas from its facilities.
20 March 2021, 18:00 PM

Qatar extends minimum wage to all as World Cup looms

A minimum wage of $275 a month came into force for all workers in Qatar Saturday, official media reported, as the Gulf state overhauls its labour laws amid international scrutiny in the runup to the 2022 World Cup.
20 March 2021, 18:00 PM

Boro cultivation rises on higher prices

Rice cultivation has increased during the current Boro season as farmers have been encouraged by higher prices for the kitchen staple.
20 March 2021, 18:00 PM

How much has the labour market recovered?

Despite signs of recovery in the economy, there is no denying the fact that the impact of Covid-19 on the labour market can be far reaching.
20 March 2021, 18:00 PM

Mutual funds fail to attract investors despite discounts

Almost all mutual funds have come up with huge discounts, but they are still failing to attract investors due to a lack of trust, poor performance of fund managers and meagre dividends.
20 March 2021, 18:00 PM

Adopt global standards for better financial reporting

Adoption of International Public Sector Accounting Standards (IPSAS) in the public sector reporting framework is a must for improving transparency and accountability of financial reporting in Bangladesh.
20 March 2021, 18:00 PM

Rising imports leave little room to use reserves for dev projects

The government’s plan to use foreign exchange reserves to bankroll infrastructure projects may face difficulty in the current fiscal year as rising imports will leave little leeway for making such lending.
20 March 2021, 18:00 PM

BB bats for sukuk investors

The central bank has proposed the National Board of Revenue (NBR) to consider the profits earned by individual investors from their investment in the Islamic bond as tax-free income.
20 March 2021, 18:00 PM

Ready flats almost sold out

Ask any well-known realtor for a flat ready for sale, chances are there will be just a handful of offers. However, assurances will be aplenty that more are being erected in some ongoing projects.
20 March 2021, 18:00 PM

Sonali Bank launches eWallet

Sonali Bank has launched a Sonali eWallet app to facilitate customers with round the clock transactions based on mobile banking services.
18 March 2021, 18:00 PM