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.

Black money holders get more time to whiten their undisclosed income through pouring in money in stocks as the parliament today passed the Finance Act 2021 by giving the unquestioned amnesty against such investment.

Australia will provide AUD 85 million to Brac for the third phase of the Strategic Partnership Arrangement (SPA) 2021-2025 to help address the impact of Covid-19 and support inclusive economic recovery.

Turnover at the Dhaka Stock Exchange (DSE) fell sharply by around 14 per cent to Tk 1,148 crore today as investors adopted a wait-and-see policy a day before the beginning of the countrywide lockdown on July 1.

Bangladesh Bank today renewed the interim licence of Nagad for another three months.

Undisclosed income holders will get another year to whiten their black money under the Finance Act 2021 that got go-ahead in the parliament today.

World Bank signed a $300 million financing agreement with Bangladesh on June 27 to help about 750,000 poor and extreme poor in 20 districts come out of poverty and build resilience to the Covid-19 pandemic and any future shocks.

India has extended a federal guarantee on bank loans to health and tourism services while waiving visa fees for 500,000 foreign tourists, the finance minister said on Monday, stepping up support for the pandemic-hit economy.

The European Union is planning to toughen its carbon market to cut emissions faster and put a price on pollution in new sectors, Bloomberg News reported on Sunday.

Nissan Motor Co will confirm as soon as this week that it will build a battery gigafactory in Sunderland, northeastern England, as part of its electric vehicle strategy, a reporter for broadcaster Sky News said on Monday.

The widespread use of digital platforms and social media has revolutionised the way we run our businesses. We are no longer confined to the age-old traditions of having brick-and-mortar stores. Instead, having a digital presence is seen as a must for any business to thrive.

Dragon fruit has caught the attention of several young farmers in Lalmonirhat as they are increasingly showing interest in growing the tropical fruit because of higher demand.

South Korean companies operating in Bangladesh want to play a bigger role to ensure sustainable economic development in the country alongside good corporate social responsibility (CSR) practices, their representatives said on Sunday.

Bangladesh Bank has refused to extend the tenure of directorship of Rick Haque Sikder at the National Bank board on grounds of holding default loans.

The proposed national budget for fiscal 2020-21 has not addressed the issues of people who remain unemployed after losing their jobs and incomes at home and abroad during the ongoing pandemic, according to the Bangladesh Institute of Labour Studies (BILS).

Bangladesh needs a favourable ecosystem to give a much-needed boost to the cottage, micro, small and medium enterprise (CMSME) sector with a view to creating adequate jobs and propelling the growth of the country, speakers said yesterday.