India's factory activity contracted for the first time in almost a year in June as restrictions to contain the deadly second wave of the coronavirus triggered declines in demand and output that pushed firms to cut more jobs, a private survey showed on Thursday.

Banks in Bangladesh posted a hefty operating profit in the first half of 2021 despite the business slowdown caused by the coronavirus pandemic, data of 20 lenders showed.

Despite the Covid-19 pandemic, Chattogram port clocked 3.1 per cent year-on-year growth in container handling in the just-concluded fiscal year, which highlighted the growing foreign trade of Bangladesh, official data showed.

With over 50 per cent of mangoes yet to be harvested, the nationwide lockdown beginning yesterday has upended the normal marketing system, upsetting the already disappointed farmers of Rajshahi region.

Microsoft, the introducer of the most widely used operating system Windows, yesterday got value added tax (VAT) registration from the National Board of Revenue (NBR), a development that would enable the revenue authority to get the tech company under its monitoring.

The price of mild steel (MS) rods has increased by Tk 1,500 per tonne in Bangladesh in the past month because of the rising cost of raw materials globally, making building houses and implementing infrastructure projects costlier.

Many garment workers faced trouble yesterday as they walked to their workplaces in absence of public transport and for not having any transport arranged by the factories on the first day of a week-long strict countrywide lockdown.

Faria Binte Zaman Momo ordered a dress online in 2015 and this was first time she bought anything from digital shops.

Just a day after parliament passed the budget, Finance Minister AHM Mustafa Kamal yesterday sought an additional assistance from Asian Development Bank (ADB) as the government looks to use a record amount in foreign aid in fiscal 2021-22.

Bangladesh Securities and Exchange Commission (BSEC) today announced closure of the stock market for the next four days just hours after the Dhaka bourse ended the day's trading with a 100-point gain.

The Bangladesh Financial Intelligence Unit (BFIU) has sought bank account details of 11 e-commerce merchants.

Stocks of Prime Islami Life Insurance fluctuated abnormally in the last two months despite the firm’s auditor having said that its profits and assets for 2020 were overstated by Tk 218 crore.

Implementation of government development projects by ministries and divisions suffers years of delays as they, in most cases, are formulated without proper feasibility studies and technical designs.

Bangladesh’s foreign exchange reserve yesterday hit a record high of $46 billion thanks to the upward trend of remittance.

The parliament yesterday passed the finance bill for fiscal 2021-22 without addressing calls for reassessing some vital tax issues, including easing the burden on small incomes amidst rising prices of essentials and additional costs to maintain hygiene.

Sales for home appliances could dry up in the run-up to Eid-ul-Azha as non-essential retail outlets will remain closed during the strict countrywide lockdown beginning tomorrow.

Online cattle sales in the run-up to Eid-ul-Azha are expected to accelerate as the raging coronavirus infections would compel the government to whittle down the number of makeshift markets allowed each year to sell sacrificial animals.

In March 2019, Nagad started out as the mobile financial service (MFS) of the Bangladesh Post Office (BPO), and it has since been operated by Third Wave Technologies Ltd.

French President Emmanuel Macron inaugurated JPMorgan’s new trading hub in Paris on Tuesday, as France pitches for more banking jobs and tries to lure finance workers looking to leave London after Brexit. Banks are spending billions of dollars beefing up their European Union operations post-Brexit to avoid disruption to some of their activities.

United Commercial Bank (UCB) yesterday announced completing 38 years of operations.