Many garment factories that disbursed wages to workers digitally at the height of the pandemic in Bangladesh are gradually returning to cash payments although electronic transfers provide a lot of benefits, said speakers yesterday.

Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions as the sector accelerates efforts to go green.

Within a year of stepping into container feeder vessels operation between Chattogram and two regional hub ports, Karnaphuli Ltd is going to buy four more ships to expand its footprint in the region.

Brac has recently signed a partnership agreement with six local peers for improving economic conditions at the grassroots.

An “in-house feasibility study” of Dhaka Power Distribution Company (DPDC) has come to the fore for all the wrong reasons, having cost a project an excess Tk 629 crore and four years’ delay.

Huawei Chief Financial Officer Meng Wanzhou’s legal team sought to admit more evidence contesting the US government’s account of her fraud case in a Canadian court on Monday, promising it was the final attempt days after the judge threw out similar evidence.

Protests by townspeople outside South Korean steelmaker Posco’s plant in western India will be called off because the company has agreed to meet some demands, paving the way for Posco to resume shipments to automakers, a local politician leading the agitation told Reuters on Monday.

A cautious tone dominated currency markets yesterday, before the start of the US Federal Reserve’s two-day monetary policy meeting.

Optimism over the economic recovery helped push Asian markets higher yesterday following another record on Wall Street, with focus on the Federal Reserve’s much-anticipated policy meeting this week.

Some of Ant Group’s global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring.

Beijing has asked Chinese e-commerce titan Alibaba to divest its assets in the media sector out of concern over the company’s growing public influence, The Wall Street Journal reported Monday.

Finnish telecoms equipment maker Nokia announced yesterday it will slash up to 11 per cent of its workforce within two years as the firm looks to cut costs and focus on a few key areas in the face of tough competition over super-fast 5G networks.

Asian fuel exporters are hungrily eyeing Australia as the country’s shutdown of almost all its refineries creates a bright demand spot amid otherwise coronavirus crimped markets.

On March 11 this year, the World Health Organisation (WHO) declared that the Covid-19 outbreak was a pandemic. During the last one year, this pandemic has spiralled into an unprecedented global crisis, which has adversely affected the lives and livelihoods of billions.

He tried to make a living by venturing into seasonal crops, grocery shop and cattle farming after returning from Kuwait in 2007. But all of Mofijur Rahman Mafi’s endeavours were in vain.

A record number of chief executives believe that global economic growth will improve in 2021, reflecting a significant rebound in optimism compared to the previous year, according to a recent survey by PwC.

The Japan International Cooperation Agency (Jica) and Bangladesh Economic Zones Authority (Beza) have teamed up for a survey to assess the feasibility of an ocean front economic zone development project inside Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN).

The government will distribute Tk 10 crore among 2,000 women in Bangladesh in order to encourage women entrepreneurship in the country’s e-commerce market.

Volkswagen plans to have six battery cell production plants operating in Europe by 2030 to secure supply for the world’s No.2 carmaker’s electric vehicle ambitions. The plants, to be built in partnerships, will have a production capacity of 240 gigawatt hours a year, VW said.

NRB Bank has appointed a new deputy managing director. The appointee, Md Abdul Wadud, was previously serving in the same post at The City Bank, says a press release.