The government is planning to offer a 10-year tax exemption for agricultural machinery manufacturing in order to encourage investment and support farmers’ growing appetite for machines to increase productivity and cut labour-shortage induced higher production costs.

President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031, the New York Times reported on Thursday, a day before the White House is expected to unveil its budget proposal.

French oil and gas group Total and US energy company Chevron have suspended some payments from a gas joint venture that would have reached Myanmar’s junta, earning praise from pro-democracy activists for taking an important first step.

US President Joe Biden’s administration defended on Wednesday a proposed ConocoPhillips oil development in Alaska, backing the drilling project which was approved under the administration of former President Donald Trump.

Stocks of MI Cement Factory rose 3.41 per cent to Tk 69.80 yesterday after news broke that its profits have almost tripled over the past year.

Stocks of British American Tobacco Bangladesh (BATB) dropped although it announced higher profits in the first quarter (January-March) of 2021.

The government should exploit the opportunities in northeastern districts by taking adequate measures when formulating the national budget for fiscal 2021-22 as it would help reduce regional disparity, according to various experts.

Beximco at last is going to return money of general investors who invested in its two debentures in 1995.

Nazmul Ahsan, 36, works at a bank in Dhaka as the head of the treasury. He took up health insurance at the age of 29 as a part of his financial planning.

Profitability of banks in Bangladesh will remain under pressure as a result of continued high requirement of provisioning and a weak outlook for a rebound in credit growth due to extended economic weakness, said Fitch Solutions in a report released recently.

The prime index of the Dhaka bourse advanced to very nearly reach 6,000 points yesterday thanks to higher participation of buoyant investors.

The government is taking initiatives to provide loans to farmers to buy agricultural machinery, Agriculture Minister Mohammad Abdur Razzaque said yesterday.

Many poor people did not get the relief meant for them during the coronavirus pandemic because of the corruption perpetrated by a section of local elected representatives, alleged leaders of community-based organisations yesterday.

The sales of air conditioners have tripled year-on-year in April and May as people rushed to retailers to get rid of the scorching summer.

There is a lack of integrated national-level database, which is required for effective distribution of relief among the poor and vulnerable sections of the population, experts said at a webinar.

After a long six-and-a-half years, betel leaf export to the European Union has resumed following a recent lifting of its ban, with the first consignment of one metric tonne being sent off for the United Kingdom yesterday.

Bangladesh has failed to achieve its target to raise the share of renewable energy to the total power generation to 10 per cent by 2020 amid constraints of resources, technologies and policies.

The International Monetary Fund on Tuesday said it expects to provide an additional $1.6 billion in financing to Egypt after its executive board approves the funding in coming weeks.

British retailer Marks & Spencer forecast a rebound in profit this year after an 88 per cent slump in 2020-21 that reflected a collapse in clothing sales due to the Covid-19 pandemic but warned investors not to expect a dividend this year.

US Senate Republicans plan to unveil a counteroffer to President Joe Biden’s $1.7 trillion infrastructure proposal on Thursday, though one of their leaders said on Tuesday the two sides remain far apart.