Nestle Bangladesh yesterday started processing, filling and packaging the company’s infant formula at its Tk 150 crore factory in Sreepur, Gazipur.

Like many other twenty-somethings in India, Beverly Coutinho kept postponing buying a life insurance policy, until a surge in Covid-19 cases and deaths made her confront her own mortality.

US retail sales dropped more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage in other activities that had been restricted by the Covid-19 pandemic.

The VAT Intelligence today filed a case against a restaurant in Banani area of Dhaka for allegedly conducting business without VAT registration and embezzling Tk 35 lakh VAT collected from customers in fake invoices.

Bangladesh Bank has instructed banks to keep their doors open from 10am to 3.30pm for customers until July 15.

Bangladesh government has donated about US$ 7.66 million to debt-ridden Sudan, a member country of the Organisation of Islamic Cooperation (OIC).

Noting that South Korea has played a key role in developing Bangladesh’s RMG sector to become the world’s second-largest exporter, Ambassador Lee Jang-Keun highlighted the importance of furthering bilateral commercial ties beyond RMG to various sectors such as bio-pharmaceutical and ICT.

Finance Minister AHM Mustafa Kamal yesterday said it would be possible to check money laundering by enacting new laws, creating investment-friendly environment and bringing the culprits into book by resolving pending money laundering cases.

Nestle Bangladesh today started its infant formula processing, filling and packaging plant at its factory in Sreepur of Gazipur at a cost of Tk 150 crore.

British inflation unexpectedly jumped above the Bank of England's target in May when it hit 2.1%, part of a post-lockdown climb in prices that is expected gather pace.

Japan’s exports rose at the fastest pace since 1980 in May and a key gauge of capital spending grew, helping the world’s third largest economy offset sluggish domestic demand as COVID-19 vaccinations boost business activity in key markets.

The cost of living in Dhaka city went up by 6.8 per cent in 2020 due to the hike in prices of commodities and services amid the Covid-19 pandemic, according to a report of the Consumers Association of Bangladesh (CAB).

Profits of BSRM Ltd soared 197 per cent year-on-year to Tk 273 crore in the nine months of the current financial year of 2020-21 powered by higher sales, lower finance and operating cost.

Recruiting agencies will have to pay higher advance income tax (AIT) on service charges or fees they earn from migrant workers going abroad, according to tax measures proposed by the National Board of Revenue (NBR) for the next fiscal year of 2021-22.

Bangladesh is hurtling to become an aged society, a worrying sign as it will pose challenges to its development aspiration since there will be more elderlies and the days of cheap workers will be over.

Abu Zafore Md Saleh, managing director of Islamic Finance and Investment, has resigned over allegations of breaching rules and regulations in recruiting employees and enjoying financial benefits.

As feared, default loans went up substantially in the first quarter of 2021 after the government partially withdrew the loan moratorium facility, which had prevented downgrading borrowers even if they failed to pay instalments regularly.

The Reserve Bank of India is unlikely to react yet to multi-month high retail prices as economic recovery remains its prime focus amid the deadly second wave of the pandemic, according to two senior sources aware of the central bank’s thinking.

Federal Reserve officials meet this week faced with ongoing tension between their two main goals, as inflation rises faster than expected even with millions of Americans still unemployed more than a year after the onset of the coronavirus pandemic.

India’s antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc’s Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said.