Bangladesh Bank yesterday extended the deadline for export proceeds repatriation in its bid to help entrepreneurs withstand the fallout of the coronavirus pandemic that continues to keep shipments in the negative.

Panasonic Corp’s outgoing Chief Executive Kazuhiro Tsuga said the company will need to reduce its heavy reliance on Tesla Inc by making batteries more compatible with electric vehicles from other global carmakers, the Financial Times reported on Sunday.

Wall Street closed out a volatile week mostly higher on Friday, but tech shares once again lost the battle between optimism over a stronger economy and concerns about inflation.US Treasury yields jumped again, returning to the pre-pandemic levels of February 2020, as the 10-year note rose above 1.6 per cent.

US producer prices increased strongly in February, leading to the largest annual gain in nearly 2-1/2 years, but considerable slack in the labor market could make it harder for businesses to pass on the higher costs to consumers.

Innovation, shared values, good governance and transparency and good governance are keys to sustaining family businesses in the long run, said experts recently.

Celebrating International Women’s Day, International Finance Corporation, a member of the World Bank Group, partnered with Dhaka Stock Exchange (DSE), UN Women and United Nations Global Compact for the sixth consecutive year to “Ring the Bell for Gender Equality”.

India’s Enforcement Directorate has recently asked Amazon.com Inc for information related to its operations in the country, as the agency continues to investigate the U.S. e-commerce giant, a senior agency source told Reuters on Friday.

Container ships arriving to berth at Singapore’s port are facing longer waiting times in a situation seen in other key ports due to the sudden surge in cargo volume fuelled by the Covid-19 pandemic, The Business Times reported.

Shortly after the military seized power, 55 foreign investors in Myanmar from Coca Cola to Facebook signed a statement committing to the country and employees there during developments of “deep concern”.

A number of services sector associations, including restaurants, have demanded a reduction in value-added tax (VAT) in the next national budget to cope with the adverse effects of the ongoing Covid-19 pandemic.

Japan wants to enhance the connectivity between Cox’s Bazar of Bangladesh and Rakhine State of Myanmar in order to promote regional economic development, according to Ito Naoki, Japan’s ambassador to Bangladesh.

Local and foreign investors from now will be able to open bank accounts through websites of four authorities dedicated to serving entrepreneurs of specialised economic arenas.

Bank funds amounting to Tk 1,863 crore are headed for the stock market as the investors are deeming it a better mode for gaining higher, cost-effectiveyields compared to other forms.

Mercantile Bank’s net income rose 0.39 per cent year-on-year to Tk 223 crore in 2020 thanks mainly to the lower provisioning by the third generation private financial institution.

Last week, Grameenphone and Robi were involved in an intense battle to buy five megahertz of spectrum in 2100 band during an auction.

Restructure of corporate tax, improvement in the ranking of the Ease of Doing Business Index, and special allocation for SMEs should get priority in the upcoming budget to draw investment and revive the job market, employers and economists say.

The leaders of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) today demanded that the government reduce the existing import duty on raw materials of plastic products to five percent from the existing 10 percent.

The Bangladesh Financial Intelligence Unit asked banks on March 11 to freeze the accounts of South Bangla Agriculture and Commerce Bank Chairman SM Amjad Hossain and his spouse Begum Sufia Amjad and their daughter Miss Tajri for 30 days.

The government today appointed another deputy governor for Bangladesh Bank.

Bangladesh Tea Board (BTB) has fixed an all-time record target of producing 10 million kgs of processed tea in five northern districts often dubbed as ‘Kartoa Valley’ ecological zone.