Employment opportunity for returning migrants improved after lockdown: IOM

After the government lifted the nationwide Covid-19 lockdown, more returning migrants -- international and local -- were able to find jobs in recent months, according to a report of the International Organization for Migration (IOM).
9 March 2021, 10:57 AM

Fashion giant H&M pauses placing new orders in Myanmar

Sweden’s H&M, the world’s second-biggest fashion retailer, said on Monday it was shocked by the use of deadly force against protesters in Myanmar and that it had paused placing orders in the country.
8 March 2021, 18:00 PM

Fish farmers in Mymensingh recovering from pandemic losses

The aquaculture industry in Mymensingh is starting to bounce back from the coronavirus fallout as cross-country transportation facilities have returned to normal.
8 March 2021, 18:00 PM

BATBC shares fall over NBR’s 2013 tax claim

Shares of British American Tobacco Bangladesh (BATBC) dropped by around 1 per cent yesterday following a DSE web post where its auditor said the multinational still faces Tk 1,780 crore of retrospective tax demand from the National Board of Revenue (NBR).
8 March 2021, 18:00 PM

Recommend only good companies for IPO

The Bangladesh Securities and Exchange Commission (BSEC) yesterday ordered issue managers to thoroughly check a company’s financial report before giving it a go-ahead to go public.
8 March 2021, 18:00 PM

Remove bar on dividend limits for NBFIs

The Bangladesh Merchant Bankers Association (BMBA) has requested the central bank to revise its notice that imposed a bar on providing excessive dividends by non-bank financial institutions (NBFIs).
8 March 2021, 18:00 PM

India may review anti-dumping duty on jute goods

India has assured that its anti-dumping duty on jute goods of Bangladesh might be reviewed as per the latter’s plea, said a senior commerce ministry official of Bangladesh.
8 March 2021, 18:00 PM

Praava Health raises $10.6m

Praava Health, which made a foray into Bangladesh’s healthcare business with a brick-and-click model, yesterday announced that it raised funds of $10.6 million with an aim to expand footprint in the capital and beyond to Chattogram.
8 March 2021, 18:00 PM

Large corporations should work to empower women

Large corporations have to play a significant role in empowering the country’s women, said Simeen Rahman, group chief executive officer of Transcom Ltd.
8 March 2021, 18:00 PM

Spectrum auction fetches $885m for govt

Three mobile phone operators – Grameenphone, Robi and Banglalink – yesterday bought 27.4 megahertz of spectrum for $885.35 million as they look to lessen the pressures on their overstretched network and improve services following the rise in subscribers.
8 March 2021, 18:00 PM

UK firms keen to utilise large consumer base of Bangladesh

A number of big British companies are interested to invest in Bangladesh to benefit from the country’s large consumer base, said British High Commissioner Robert Chatterton Dickson.
8 March 2021, 18:00 PM

China exports post record surge from Covid-depressed 2020 levels

China’s February exports grew at a record pace from a year earlier when Covid-19 battered the world’s second-biggest economy, customs data showed on Sunday, while imports rose less sharply.
8 March 2021, 18:00 PM

Emerging central banks cut rates in February but there are signs of change

Emerging market central banks delivered a net two interest rate cuts in February though signs are increasing that an easing cycle which started in 2019 might be coming to an end.
8 March 2021, 18:00 PM

Swiss approve Indonesia free trade deal

Swiss voters on Sunday narrowly backed a free trade deal signed with Indonesia, opening up a vast potential market with the world’s fourth most populous country.
8 March 2021, 18:00 PM

Oil slips after hitting pandemic high of above $70

Oil prices slipped on Monday after earlier climbing above $70 a barrel for the first time since the Covid-19 pandemic began after attacks on Saudi Arabian oil facilities.
8 March 2021, 18:00 PM

Rush to bitcoin? Not so fast, say keepers of corporate coffers

When Elon Musk’s Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the booming cryptocurrency.
8 March 2021, 18:00 PM

Covid-19 fallout: It's time to redesign economics

The world is facing an unprecedented crisis with the coronavirus pandemic. Day after day, all the failures in our economic and social systems, and our thinking processes are being revealed. We were aware of these failures all along, but we ignored them, and we let them grow worse each day. We knew about global warming and that it is worsening, as well as about wealth concentration, and that it is getting worse. We knew about the problems of poverty, healthcare, deforestation, plastic pollution, gender inequality, and numerous other issues. We knew how to solve them. But we did not mobilise our capabilities to end these problems. Why? One explanation may be: we are so 'addicted' to the present system that we do not want to disturb it.
8 March 2021, 12:20 PM

Dhaka seeks Saudi investment in public-private partnership projects

State Minister for Foreign Affairs Shahriar Alam has urged Saudi Arabia to sign a MoU between Public-Private Partnership Authority (PPPA) of Bangladesh and competent Saudi authority, which would enable Saudi investors to invest in Bangladesh.
8 March 2021, 06:43 AM

Bangladesh unlikely to cut subsidy on jute goods export

Bangladesh is unlikely to reduce incentives on exports of jute goods, Commerce Minister Tipu Munshi said yesterday.
7 March 2021, 18:00 PM

Women’s working hours and valuation of their unpaid care work

Women’s empowerment requires that women contribute to the society and the economy and it is also important for these contributions to be adequately recognised.
7 March 2021, 18:00 PM