The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged the government to allow them to reopen all factories, including export-oriented industries, citing that export might suffer severely for the continued restriction.

Bangladesh Bank once again said yesterday that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country.

The latest monetary policy was declared yesterday, while the previous one was in July 2020. In my immediate reaction I want to question why monetary policies should come about on a yearly basis.

Despite record excess liquidity in the banking system and depressed credit growth, the Bangladesh Bank yesterday said it would continue its expansionary monetary stance in the current fiscal year to help the economy ride out the slowdown.

British bank Lloyds said Thursday that first-half net profits surged  on lower-than-expected credit losses as the economy extended its  recovery from the Covid-19 pandemic.

Rights group Liberty Shared has asked United States customs authorities to investigate the Malaysian operations of American tyre maker Goodyear Tire & Rubber Co over accusations of abusive labour practices, the group told Reuters.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sent letters to the ambassadors of the United States of America and the European Union, requesting them to assist for rapid vaccination of readymade garment workers in Bangladesh.

Bangladesh Bank has once again said today that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country.

Dhaka Chamber of Commerce and Industry (DCCI) thinks the monetary policy announced today for fiscal year 2021-22 is more or less expansionary and accommodative but a conventional one considering the current Covid-led economic situation.

Bangladesh Bank today declared another expansionary monetary policy with a view to injecting required money into the productive sector.

Social media giant Facebook has deposited nearly Tk 2.4 crore in value-added tax (VAT) after it got registration for the indirect tax with the National Board of Revenue (NBR).

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today urged the government to allow them to reopen all factories including export-oriented industries, citing that export might suffer severely for the continued restriction.

The central bank has set an 8 per cent higher target for farm loan disbursement this fiscal year with an aim to combat the adverse impacts of the Covid-19 pandemic.

Increased participation of buoyant investors has helped the index of Dhaka Stock Exchange (DSE) reach a new high today.

Banks will remain closed on Sunday and Wednesday next week as part of the government attempts to rein in the soaring cases of coronavirus, the central bank said yesterday.

Shikho, a startup aiming to make education accessible and affordable in Bangladesh, yesterday announced raising $1.3 million in seed money, making it the largest round of financing by a local edtech startup yet.

The government yesterday approved a Tk 427 crore project to provide one-off cash assistance to two lakh returnee migrant workers, create a database for them and extend other support to improve their skills.

Bangladesh Bank yesterday asked banks to prioritise new clients while giving out loans from the stimulus package dedicated to the large service and industrial units.

Wheat import has declined by 15 per cent, or 9.91 lakh tonnes, year-on-year in fiscal 2020-21 for international price hike and a fall in local demand due to the pandemic.

The value-added tax exemption for producing air conditioners, refrigerators and freezers locally has created interest among home appliance manufacturers in Bangladesh as firms are increasingly setting up full-fledged facilities, cutting their reliance on assembling.