Watermelon -- a game changer for Khulna’s coastal farmers

The people of Khulna had not even considered watermelon farming just 10 or 12 years ago, when thousands of acres of land would remain uncultivated after the aman paddy season.
20 April 2021

Value differs, so does tariff

It is a 1,496 cubic centimetres (cc) car. If you import two of the identical sport utility vehicles – one through Chattogram port and another through Mongla Port -- you are likely to see a gap in the assessment of the import value of the vehicles by customs in the two ports.
20 April 2021

Stock rally carries on

The stock market continued to rise for a sixth day yesterday, sans the two-day weekend, while turnover almost doubled thanks to an increase in the participation of investors despite a deterioration of the coronavirus pandemic.
20 April 2021

NBFI borrowers can defer repayments till June

Borrowers of non-bank financial institutions (NBFIs) will get a fresh repayment deferral support of three months till June 30 this year.
20 April 2021

Construction costs burdened with cement price rise

The price of each 50-kilogramme bag of cement has increased by around 12 per cent, or Tk 50, to Tk 450 to Tk 460 -- a development that will push up construction costs, be it the government’s development projects or privately-owned buildings.
20 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

European shares hit highs as markets upbeat about recovery prospects

World shares traded near record highs on Monday, as markets were generally upbeat about the prospects for a global economic recovery from COVID-19, ahead of a busy week for earnings.
19 April 2021

India may build new coal plants due to low cost despite climate change

India may build new coal-fired power plants as they generate the cheapest power, according to a draft electricity policy document seen by Reuters, despite growing calls from environmentalists to deter use of coal.
19 April 2021

Toyota to review climate stance as investors turn up the heat

Japan’s Toyota Motor Corp signalled a shift in its climate change stance on Monday, saying it would review its lobbying and be more transparent on what steps it is taking as it faces increased activist and investor pressure.
19 April 2021

Microsoft to invest $1b in Malaysia to set up data centres

Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Southeast Asian nation’s prime minister said on Monday.
19 April 2021

Investor group calls for banks to set tougher climate targets

A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of a meeting of world leaders aimed at accelerating efforts to fight climate change.
19 April 2021

Litchi growers fear record low yield this year

Litchi growers in Dinajpur fear a record low production this year because of unfavourable climate, absence of bees and high temperature during the last winter season.
19 April 2021

Lack of access to finance big barrier to farm mechanisation

Access to finance is a big challenge for farm mechanisation in Bangladesh and so the country’s lenders should do more for the agriculture sector, according to Subrata Ranjan Das, executive director of ACI Motors.
19 April 2021

60 textile mills suffer in Gazipur

A group of primary textile mills in the industrial belt in Gazipur is in fear of losing export-oriented work orders and sales ahead of Eid-ul-Fitr due to a disruption in production caused by low gas pressure.
19 April 2021

Bankers’ families to get up to Tk 50 lakh

The central bank yesterday asked banks to pay cash compensation to the families of bankers in the event of death from coronavirus infections.
19 April 2021

Go on with policy support to fight second wave: IMF

Bangladesh faces challenges in sustaining the effective response it unveiled in the initial phase of the pandemic last year as it grapples with a devastating second wave of the deadly pathogen, the International Monetary Fund has said.
19 April 2021