Bank Asia vice-chairmen reelected

Bank Asia recently saw the reelection of two vice-chairmen, Romo Rouf Chowdhury and Mohammad Safwan Choudhury, at the 453rd meeting of its Board of Directors.
4 May 2021

LafargeHolcim to pay Tk 90.25cr to Jalalabad Gas

LafargeHolcim Bangladesh has decided to pay the disputed amount of Tk 90.25 crore to Jalalabad Gas Transmission company as per an order of the court.
4 May 2021

Investors pay no heed to warnings over insurance stocks

Stock investors have continued to chase after insurance stocks despite repeated cautions issued by analysts.
4 May 2021

JTI is here for long run -- the next 50 years and beyond

The relationship between Japan and Bangladesh is a trusted and time tested one. Bangladesh became Japan’s biggest recipient of Official Development Assistance in 2020. Since the Covid-19 pandemic started more than a year ago, there has been a lot of talk and anticipation about Japanese businesses moving base to Bangladesh.
4 May 2021

5 economic zones to get modern telecom network

The government will set up a modern and high-frequency telecommunication network at five economic zones and tourism parks in Sylhet, Jamalpur and Cox’s Bazar, with an aim to accelerate the country’s economic development.
4 May 2021

UCB to form Tk 700cr funds

United Commercial Bank (UCB) has decided to form two funds totalling Tk 700 crore to cater to a growing demand for finance among promising local startups and e-commerce companies.
4 May 2021

Bring social protection to the fore

The national budget for fiscal 2021-22 should focus on enhancing healthcare, social security, education, and employment in the country while also protecting its industrial units from the Covid-19 fallout, analysts say at a webinar yesterday.
4 May 2021

BB clips National Bank’s wings

In a rare move, the central bank has taken a raft of measures to put National Bank Ltd back on track in the wake of massive irregularities at the first-generation private lender.
4 May 2021

Japanese firms want to expand despite pandemic: survey

The pandemic is showing no signs of abating but still 41.8 per cent of Japanese companies in Bangladesh during 2020 wanted to expand business in the next two years, according to a survey by Japan External Trade Organization (Jetro).
4 May 2021

Early gains wane in Europe as tech, auto stocks weigh

European shares inched lower on Tuesday as an early boost from commodity, bank and travel stocks was offset by losses in highly valued technology companies and automakers.
4 May 2021

US trade deficit hits a record high amid pent-up demand

The US trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation’s economic activity rebounds faster than its global rivals.
4 May 2021

Another moral enclosure and the upcoming advantages for start-ups

This is really a great initiative that Bangladesh Bank has decided on March 29 this year to form a Tk 500 crore fund in order to help new entrepreneurs aged 21-45 years and start businesses.
4 May 2021

Inflation-tolerant Fed will boost commodity prices

The US Federal Reserve has signalled it will tolerate faster inflation for a time to cement the post-pandemic recovery and boost employment, but the side effect is likely to be a faster rise in commodity prices.
3 May 2021

Euro zone factories raced ahead in April, prices jumped

Euro zone factory activity growth surged to a record high in April, boosted by burgeoning demand and driving a rise in hiring, although supply constraints led to an unprecedented rise in unfulfilled orders, a survey showed.
3 May 2021

A book worth reading

Humanity currently faces a three-pronged crisis -- the loss of life, a slide in income, and a dwindling economy -- due to the ongoing coronavirus pandemic that began in December 2019.
3 May 2021

Indian industry body urges curbs to economic activity to save lives

A leading Indian industry body urged authorities to take the “strongest national steps” and to curtail economic activity to save lives on Sunday as the country battles surging coronavirus cases that have overwhelmed the healthcare system.
3 May 2021

Consistent tax policies, right incentives can draw large FDI

The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan’s biggest recipient of official development assistance in 2020.
3 May 2021

BSEC to appoint auditor for Fareast Finance

The Bangladesh Securities and Exchange Commission (BSEC) will appoint a special auditor for Fareast Finance and Investments to investigate the company’s financial situation.
3 May 2021

Stocks end lower as profit-booking continues

Stocks closed lower yesterday as a profit-booking tendency continues to prevail among investors following a three-day gaining streak.
3 May 2021

Forex reserve hits record $45.1b

The country’s foreign exchange reserves yesterday hit a new record of $45.1 billion thanks to an upward trend of remittance and lower import payments.
3 May 2021