Garment workers will have to be paid salaries and festival allowances by May 10 so that they can enjoy the Eid-ul-Fitr festival with near and dear ones, said Monnujan Sufian, state minister for labour and employment, yesterday.

Stocks of almost all non-life insurance companies have more than doubled over the past year while the benchmark index of the Dhaka Stock Exchange (DSE) rose 38 per cent.

The garment factory owners should complete the payment of salaries and festival allowances of their workers by May 10, State Minister for Labour and Employment Begum Monnujan Sufian said today.

Ensuring long-term cash assistance for low-income people should be seen as a strategic objective of the National Board of Revenue (NBR) during the preparation of the next national budget, said the Centre for Policy Dialogue (CPD).

Bangladeshi workers in the readymade garments sector suffered a 35 per cent pay cut during the lockdown for the ongoing pandemic last year, according to a new study.

The domestic plastic pipe industry is growing at around 20 per cent a year thanks to its rising demand in the ongoing government development projects and modern water supply, sewerage and irrigation systems.

The government has floated an international tender to lease out 25 state-run jute mills for a period of five to 20 years even though industrialists seem uninterested on the short-term deals.

The Asian Development Bank (ADB) has downsized its projection about the Bangladesh’s GDP growth in the current fiscal year of 2020-21, considering the second wave of Covid pandemic and fresh lockdown that restricted economic activities.

Euro area bond yields tracked Treasury yields higher on Wednesday, ahead of the close of the US Federal Reserve’s policy meeting later in the session.

The business community is deprived of an opportunity to choose their leaders through a participatory election as directors of the FBCCI are picked through consensus among hopefuls, who are often backed by the ruling parties.

The heirs to South Korea’s Samsung group announced their plans to pay more than $10b in death duties Wednesday -- one of the world’s biggest-ever inheritance tax settlements -- including donating Picasso and Monet artworks.

The South Bangla Agriculture and Commerce Bank recently witnessed the appointment of a managing director and CEO.

President Joe Biden will call for reversing his predecessor Donald Trump’s tax cuts for the wealthy to pay for a huge middle class families spending program, senior administration officials said Wednesday.

The Federal Reserve has committed to sustaining stimulus to the US economy until it has recovered from the Covid-19 pandemic, and is expected to remain firm in that stance when it concludes its policy meeting on Wednesday.

Taiwan’s government on Wednesday accused China of waging economic warfare against the Chinese-claimed island’s tech sector by stealing technology and enticing away engineers, as parliament considers strengthening legislation to prevent this.

Bangladesh Bank has removed AKM Shaheed Reza from the board of Mercantile Bank due to his involvement in a loan scandal.

Stocks returned to the black after a tendency towards profit booking prevailed for two days which buoyed investors into continuing their investments.

With disruptive innovations across the financial sector, new entrants and multiple options for customers, many might think that traditional banking has a bleak future.

Bangladesh Bank yesterday ordered banks to run operations on a limited scale until the ongoing restrictions on movement end on May 5.

The government will set up a 15 megawatt heavy fuel oil-based power plant in Noakhali’s Hatia upazila.