Eleven banks faced a capital shortfall of Tk 24,783 crore in the first quarter of 2021, which highlighted the fragile health of the lenders.

US Treasury Secretary Janet Yellen urged other rich nations on Saturday to keep up spending to support their economies even as the Covid-19 pandemic wanes, and said US inflation this year would be elevated but transitory.

Uttara Bank recently witnessed the appointment of a new vice chairman of its Board of Directors.

Interglobe Aviation Ltd, which runs India’s biggest airline IndiGo, reported its fifth straight quarterly loss on Saturday, as the Covid-19 pandemic kept air travel well below normal levels.

British consumer goods maker Reckitt Benckiser Group Plc said on Saturday it was selling its infant formula and child nutrition (IFCN) business in China to investment firm Primavera Capital Group for an enterprise value of $2.2 billion.

President Joe Biden and Republicans entered the weekend sharply at odds over how to craft an infrastructure deal that could satisfy their camps, imperiling the odds of a bipartisan deal.

The proposed budget’s tax exemptions and corporate tax reduction are welcome moves for job creation but regulatory environment improvements and ease of doing business are also important to attract investment in manufacturing, said a webinar’s discussants.

June 3 marked a remarkable date for Bangladesh as the finance minister presented the country’s 50th budget in parliament on the occasion of the 50th year of independence. As expected, the Tk 603,681 crore budget is the largest that has ever been proposed.

Bureaucrats, despite being well trained and educated, are not smart enough to implement the budget in a timely manner, for which this perennial difficulty may persist, Planning Minister MA Mannan said yesterday.

The Real Estate and Housing Association of Bangladesh (REHAB) today demanded the formation of a long-term fund with a low-interest rate in the proposed budget so that the people can afford their own dwelling place at the equivalent of house rent.

Only 2 per cent of garment workers had received the Covid-19 vaccine in Bangladesh until April this year, according to a study.

Bangladesh Bank has instructed banks to keep their doors open from 10am to 3pm for customers until June 16.

Turnover at the Dhaka Stock Exchange (DSE) hit a decade high today, which was the first trading day after the announcement of the national budget for 2021-22 fiscal year.

Textile millers today demanded withdrawal of value added tax (VAT) and import duty on all kinds of manmade fibre for the potential growth of the non-cotton fashion industry to meet the global demand.

The incentives in the next budget are not sufficiently linked to employment generation particularly for the left-behind groups as well as the “new poor” due to the pandemic, Debapriya Bhattacharya, convenor of Citizen’s Platform for SDGs, Bangladesh said today.

Major airlines are pressing the United States government on its decision not to move quickly to relax Covid-19 restrictions that block travelers who have been in much of Europe and elsewhere even as other countries began to ease prohibitions.

The Reserve Bank of India (RBI) kept interest rates at record lows on Friday and announced additional bond purchases to support the economic recovery, at risk of being derailed by a devastating second wave of Covid-19 infections.

City Bank has been named “Best bank in Bangladesh 2021” by Hong Kong-based international publication FinanceAsia recently.

Canada lost more jobs than expected in May amid continued lockdowns to curb a harsh third wave of Covid-19, data showed on Friday, but economists were quick to predict a rush of hiring in June as those restrictions ease.

Pubali Bank recently witnessed the unanimous reelection of the chairman of its Board of Directors.