Indonesia’s exports, imports grow more than expected

Indonesia’s exports surged in March due to higher commodity prices and rebounding global demand, while imports also grew by more than expected last month as domestic manufacturing activity improved, statistics bureau data showed on Thursday.
15 April 2021

Chip shortage weighs on car sector recovery: Volkswagen CEO

An ongoing shortage of crucial semiconductors is the only factor weighing on a global recovery of the car sector from the coronavirus crisis, Herbert Diess, chief executive of Volkswagen AG, said on Thursday.
15 April 2021

BB extends deadline for payments

Bangladesh Bank yesterday extended the deadline for private and public entities to pay for virtual meeting services, according to a central bank circular.
15 April 2021

Draw up country risk management guidelines

Bangladesh Bank yesterday asked banks to draw up country risk management guidelines focusing foreign nations, all aimed at absorbing unexpected economic shocks stemming from abroad.
15 April 2021

Home stays turned into an advantage

Coming home on a leave from his Saudi Arabian workplace, Saiful Islam of Tangail could not return for lockdowns imposed for the coronavirus outbreak.
15 April 2021

Country’s first SME gets nod to go public

The Bangladesh Securities and Exchange Commission (BSEC) yesterday gave go-ahead to Nialco Alloys to go public.
15 April 2021

Postal life insurance offers financial protection to future generations

Over the years, awareness about insurance has grown and its demand has accelerated as many people look for financial protection for the long term.
15 April 2021

Tech glitches leave bank clients up the creek

Bank clients are going through serious troubles as the country’s two major digital means for moving funds, inter-bank cheque transactions and electronic fund transfers (EFT), have been inoperable since April 13.
15 April 2021

Garment workers irked by transport crisis, high fares

Garment factories operated in full swing on the second day of the lockdown yesterday although many workers found it difficult to reach their workplaces because of the non-availability of public transport.
15 April 2021

Women entrepreneurs bear the brunt of pandemic

More than 41 per cent of small businesses run by women entrepreneurs were forced to shut their operations completely because of the coronavirus pandemic, according to a study by the Centre for Policy Dialogue (CPD).
15 April 2021

Europe needs more short-term aid to counter continued Covid risks: IMF

European economies need “an extra push” of financial support this year and next to overcome the long-term impacts of the Covid-19 crisis, a senior IMF official said on Wednesday.
15 April 2021

Mitsubishi Motors to cut output in Japan, Thailand

Mitsubishi Motors Corp will cut production by a combined 7,500 vehicles at three plants in Japan and Thailand in April, it said on Monday, citing chip shortages.
13 April 2021

BASIC Bank launches WhatsApp banking

State-owned BASIC Bank on Monday rolled out a WhatsApp-based banking service informing of account balance and last five transactions.
13 April 2021

German investor confidence falls as virus curbs drag on

German investor sentiment fell in April for the first time since November as Europe’s top economy feels the strain of a relentless third coronavirus wave, data showed Tuesday.
13 April 2021

Grab agrees world’s biggest SPAC merger, valued at $40b

Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with US-based Altimeter Growth Corp in a deal that gives Grab an initial proforma equity value of about $39.6 billion and will lead to a public listing
13 April 2021

Biden’s chip dreams face reality check

To understand President Joe Biden’s challenge in taming a semiconductor shortage bedeviling automakers and other industries, consider a chip supplied by a US firm for Hyundai Motor Co’s new electric vehicle, the IONIQ 5.
13 April 2021

Strong cybersecurity to build trust in a digital world

Among perennial issues such as geopolitical, economic, climate and health, one of the biggest challenges for countries today is cybersecurity.
13 April 2021

Garlic farmers not getting fair prices

The production of garlic, one of the most essential seasonings, is increasing every year with farmers of Chalan Beel in the northern Natore and Pabna districts this year accounting for around half of that grown in the country.
13 April 2021

Restaurant workers demand cash support

Restaurant workers yesterday demanded cash support and food rations from the government in order to survive the week-long “hard lockdown” beginning today.
13 April 2021

March cost more

Consumers had to shell out more in March to purchase goods and services owing to an increase in food and non-food prices, shows data of the Bangladesh Bureau of Statistics (BBS) released yesterday.
13 April 2021