Bangladesh Bank has instructed banks to keep their doors open from 10:00am to 3.30pm for customers until July 15.

Profit of BSRM Ltd soared 197 per cent year-on-year to Tk 273 crore in the first nine months of the 2020-21 fiscal year powered by higher sales, lower finance and operating costs.

Bangladesh can save $500 million a year by recycling the cotton waste as garment factories and textile millers produce a huge volume of leftovers of the key raw material, according to a study.

The provision base of the banks in Bangladesh deteriorated heavily in the first quarter of 2021 because of the surging bad loans, highlighting the worsening health of the banking industry.

The second wave of coronavirus infections and subsequent lockdowns have derailed Bangladesh’s economic recovery from the coronavirus pandemic, said the Metropolitan Chamber of Commerce and Industry (MCCI) yesterday.

Nestle Bangladesh yesterday started processing, filling and packaging the company’s infant formula at its Tk 150 crore factory in Sreepur, Gazipur.

South Korea wants to help foster a more business-friendly environment in Bangladesh in order to realise the full potential of bilateral trade ties, according to Lee Jang-keun, South Korean ambassador to Bangladesh.

Finance Minister AHM Mustafa Kamal yesterday said it would be possible to check money laundering by enacting new laws, creating investment-friendly environment and bringing the culprits into book by resolving pending money laundering cases.

Profits of BSRM Ltd soared 197 per cent year-on-year to Tk 273 crore in the nine months of the current financial year of 2020-21 powered by higher sales, lower finance and operating cost.

As feared, default loans went up substantially in the first quarter of 2021 after the government partially withdrew the loan moratorium facility, which had prevented downgrading borrowers even if they failed to pay instalments regularly.

Federal Reserve officials meet this week faced with ongoing tension between their two main goals, as inflation rises faster than expected even with millions of Americans still unemployed more than a year after the onset of the coronavirus pandemic.

India’s antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc’s Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said.

The Hongkong and Shanghai Banking Corporation (HSBC) recently implemented a host-to-host connectivity with LafargeHolcim Bangladesh by integrating their enterprise resource planning system with HSBC connect.

Four years ago, there was a lot of buzz around cryptocurrencies, primarily due to the enormous success of bitcoin. The peak value of bitcoin was staggeringly high at that time—several times the per capita economic output of Bangladesh.

The government has withdrawn its plans to phase out reconditioned car imports over the next five years considering the growing demand for private transport, according to the draft Automobile Industry Development Policy 2021.

The stock market bounced back yesterday as investors came out from the profit booking tendency that prevailed for the last two days.

The Dhaka Stock Exchange (DSE) has filed a case against Banco Securities on discovering a shortfall of Tk 60 crore in its consolidated customers’ account.

IDLC Finance has recently witnessed the appointment of a new chief executive officer (CEO) and managing director (MD).

Recruiting agencies will have to pay higher advance income tax (AIT) on service charges or fees they earn from migrant workers going abroad, according to tax measures proposed by the National Board of Revenue (NBR) for the next fiscal year of 2021-22.

Bangladesh is hurtling to become an aged society, a worrying sign as it will pose challenges to its development aspiration since there will be more elderlies and the days of cheap workers will be over.