Shop-owners desperate to stay afloat

Anyone visiting Dhaka’s Bangshal road, known for spare parts of bikes and bicycles, would see a different scene.
21 April 2021

Steps to curb infections slow economic activities: ICC-B

The lockdowns to control the infection of Covid-19 have devastated economies, as the economic activities of people paused to a great extent, according to the International Chamber of Commerce - Bangladesh (ICC-B).
21 April 2021

India says EU summit will be virtual due to Covid surge

A planned summit between European Union and Indian leaders in Portugal next month will now be virtual because of the sharp rise in coronavirus cases in India, New Delhi said Tuesday.
21 April 2021

OPPO offers 30pc discount on repairs

Consumer electronics company OPPO is offering a 30 per cent discount on smartphone maintenance and repairs and a 5 per cent discount on all IoT devices and accessories from April 22 to May 22.
21 April 2021

Instagram launches feature to tackle hate speech, abuse

Facebook Inc’s Instagram is rolling out a feature to prevent users from viewing possibly abusive messages by filtering offensive words, phrases and emojis on the photo-sharing app.
21 April 2021

Amazon to let Whole Foods shoppers pay with a swipe of palm

Amazon said it is rolling out biometric technology at its Whole Foods stores around Seattle starting on Wednesday, letting shoppers pay for items with a scan of their palm.
21 April 2021

Pandemic slips down list of market risks, Norway wealth fund says

The pandemic is becoming less dominant in the markets and other risks, such as inflation and a stock market correction, are rising, as vaccines fuel optimism and recovery, a top official at Norway’s $1.3t wealth fund said on Wednesday.
21 April 2021

Major banks commit to carbon neutrality by 2050

A group of 43 international banks including sector heavyweights have joined a UN-convened pact to reach carbon neutrality by 2050, the world body said Wednesday.
21 April 2021

Premier Bank reappoints CEO

Premier Bank recently witnessed the reappointment of its managing director and CEO, M Reazul Karim, for the next three years.
21 April 2021

India to waive import duty on Covid-19 vaccines: govt source

India will waive its 10 per cent customs duty on imported Covid-19 vaccines, a senior government official told Reuters on Monday, as it tries to boost supplies to counter a dramatic surge in coronavirus cases.
21 April 2021

China, North Korea poised to resume freight rail links as trade revives

China is set to resume cargo train service with North Korea, people familiar with the matter said, following a 15-month border closure due to COVID-19, as trade with the impoverished and isolated country begins to rebound.
21 April 2021

Construction work of first private hi-tech park begins

The construction of the Korean EPZ Hi-Tech Park in Anwara upazila of Chattogram began yesterday as its owner looks to set up Bangladesh’s first private enclave for information technology firms and startups.
21 April 2021

Brac Bank registers Tk 454cr net profit

Brac Bank registered a net profit of Tk 454 crore last year, sidestepping the business slowdown caused by the coronavirus pandemic.
21 April 2021

GP net profit drops 16pc

Grameenphone, the country’s biggest mobile phone operator, saw its net profit drop 16 per cent year-on-year to Tk 890 crore in the January-March quarter of 2021, impacted by a reduction in inter-connection revenue and economic uncertainties from Covid-19.
21 April 2021

Bangladesh to remain as major apparel supplier to brands, says CPD-IPS study

Despite uncertainty, international clothing brands are confident that Bangladesh will remain a major source of apparels in the coming months, according to a new study.
21 April 2021

Banks open for limited hours till April 28

Bangladesh Bank has asked lenders to continue operating on a limited scale until the second week of the ongoing lockdown ends on April 28, all aimed at curbing the spread of Covid-19.
20 April 2021

Home delivery boom churns out 1 lakh jobs

Online shopping, grocery and food orders, which are growing at a fast clip, have emerged as a saviour for many during the pandemic as around one lakh people received jobs in the last year to cater to the delivery juggernaut.
20 April 2021

Benapole port users at risk of Covid infection

Around 10,000 people involved with the Benapole port are at risk of getting infected with Covid-19 due to their reluctance to abide by health safety guidelines.
20 April 2021

DBS, StanChart weigh bids as Citi retreats from Asia consumer business

Banks including DBS Group, Mitsubishi UFJ Financial Group, OCBC and Standard Chartered are set to bid for parts of Citigroup’s consumer business in Asia, people with direct knowledge of the matter said.
20 April 2021

Dubai Aerospace orders 15 Boeing 737 MAX jets

Dubai Aerospace Enterprise (DAE) on Tuesday announced an order for 15 Boeing 737 MAX 8 jets, signalling an end to the aircraft leasing giant’s pricing standoff with planemakers.
20 April 2021