Finance Minister AHM Mustafa Kamal today rejected to accept the data on new poor that came out earlier through surveys done by private research organisations to measure the effect of Covid-induced income loss.

The central bank purchased $7.68 billion from the banking system in the first 11 months of the current fiscal year, the highest on record, to contain any abnormal appreciation of the local currency.

A total of 549 plots in various industrial estates of the Bangladesh Small and Cottage Industries Corporation (BSCIC) are lying unused as the owners did not set up plants within the deadline.

Japan’s economy shrank less than initially reported in the first quarter on smaller cuts to plant and equipment spending, but the coronavirus pandemic still dealt a huge blow to overall demand.

Standard Chartered Bank Bangladesh said to have been recently recognised as “Best International Bank” at FinanceAsia Awards 2021. This is the 11th time the bank has been recognised since 2009 while the fifth major international award in the first quarter of 2021, says a press release.

Maddhapara Granite Mining Company earned Tk 256 crore by selling at least 11.12 lakh tonnes of rock in the ongoing fiscal year, the highest sale in three years.

The stock market managed to stay in the positive yesterday thanks to stocks of insurers and banks.

For around two decades, Swapan Debnath has operated a convenience store called Narayan Varieties in the Keprampara area of Agartala, the capital of the northeastern Indian state of Tripura.

Consumers had to spend more to buy products and services other than food in May compared to April owing to the increasing prices of non-food items.

Local suppliers are at risk of losing $18.7 billion worth of exports a year if they can’t reduce carbon emissions in line with the plans of their major clients, according to a study by Standard Chartered.

Telecom operators yesterday placed a slew of demands before the government, including slashing corporate tax from 40 per cent and 45 per cent to 25 per cent and 32.5 per cent for listed and non-listed entities respectively.

Business leaders in Chattogram have stressed the need for reforms in the tax system, such as policies that do not require frequent changes, as well as waiving advance tax in order to boost both domestic and foreign investment in Bangladesh.

The leaders of the Association of Mobile Telecom Operators of Bangladesh (Amtob) expressed worries today as the government did not include any of their recommendations in the proposed national budget for 2021-22 fiscal year.

Transactions through mobile financial services hit an all-time high of Tk 63,479 crore in April as both commoners and businesses used the digital channel to transfer fund to celebrate Eid-ul-Fitr and Pahela Baishakh.

PH Creative (BD) Ltd, a South Korean company, signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) today to establish a factory inside Mongla Export Processing Zone to manufacture camping items and garments accessories.

Inflation in Bangladesh dropped 30 basis points to 5.26 per cent in May, Planning Minister MA Mannan said today.

The stock market bounced back today riding on the rise in insurance shares.

The government has amended the Customs Act, doubling the penalty for providing incorrect information in import and export documents even though wrong declarations do not lead to any duty evasion.

The 20-year tax-exemption support announced in the proposed budget will definitely take Bangladesh’s growing automobile industry to an impressive stage and promote local manufacturing, according to industry insiders.

DataBird, a Bangladeshi company having products across online travel, news, keyboard, eReader and lifestyle mobile applications, in association with The Daily Star is organising a competition to find unique ideas to use technology in solving the country’s problems.