The Federation of Bangladesh Chambers of Commerce and Industry said if factories processing food and other essentials remain shut amid Covid restrictions, consumers will ultimately have to suffer due to price hike resulting from a disruption in the supply chain.

The Federation of Bangladesh Chambers of Commerce and Industry (FBBCI) today said consumers will suffer due to price spiral resulting from disruption in the supply chain if factories processing food and other essentials remain shut as part of restrictions to contain spread of Covid-19.

The European Central Bank inched closer to a  “digital euro” on Wednesday with the formal launch of a pilot project, but questions remain about potential pitfalls and benefits for eurozone citizens.

India’s move to ban Mastercard for breaching data storage rules has destabilized the country’s financial sector as it will disrupt bank card offerings and affect revenues, payments and banking industry executives said to Reuters. 

In 2015, a Harvard Business Review article by Lindsay McGregor and Neel Doshi explained the connection between company culture and employee motivation. It cites that global business leaders believe that a strong organisational culture is critical to success.

From the current fiscal year, taxpayers will be required to pay taxes of up to Tk 5 lakh through automated chalans or electronic transfers.

Imam Uddin, the owner of a plastic toy store in the Mitford area of ​​Dhaka, was awarded Tk 1 lakh in exchange for eating a breakfast worth about Tk 85, including VAT, at a restaurant in the capital.

Grameenphone’s profit declined 3 per cent year-on-year to Tk 1,741 crore in January-June as it paid higher tax and amortisation resulting from spectrum purchase, the company said yesterday.

A decision is yet to be reached on whether garment factories would be allowed to be kept running during an upcoming 14-day lockdown beginning July 23.

A cargo vessel yesterday became the first to berth at the second jetty being constructed for unloading coal for the under-construction coal-based power plant at Matarbari in Moheskhali upazila of Cox’s Bazar.

The government’s borrowing from the banking system declined sharply in the just-concluded fiscal year as it took on a staggering amount of debt through the sales of savings certificates and bonds.

Bangladesh Bank yesterday declared a new stimulus package worth Tk 1,000 crore for hotels, motels and theme parks suffering for the ongoing business slowdown amid the coronavirus pandemic. 

Shanta Asset Management has recently declared 20.5 per cent (Tk 2.05 per unit) dividend for fiscal 2020-21 for Shanta First Income Unit Fund. 

The Finance Ministry today allocated Tk 212.08 crore for 21,552 workers who were not permanent at jute mills, now closed, under Bangladesh Jute Mills Corporation (BJMC).

The government today fixed the prices of the salt-applied rawhides of cows at Tk 40-45 per square feet in Dhaka and Tk 33-37 across the country.

Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation, the country’s top banking and insurance watchdog said on Wednesday.

Britain’s fisheries have been sold out by the post-Brexit trade deal agreed with the European Union, the head of an industry body said on Wednesday, urging the government to do more for the sector when a so-called adjustment period ends in 2026.

The dollar hit three-month highs against the euro and world stocks slipped on Wednesday after a jump in US inflation fuelled expectations of a quicker end to Federal Reserve stimulus, while a drop in China’s crude imports dampened oil.

The Bangladesh Securities and Exchange Commission (BSEC) has launched an investigation to understand the circumstances behind abnormally high prices being placed in buy orders for newly listed Sonali Life Insurance.

Vegetable farmers in Rangpur and Dinajpur incurred huge losses amid the lockdown when they were finding it difficult to send crops to Dhaka and other parts of the country as truck operators were demanding high fares on different grounds.