Elon Musk warned Twitter Inc on Monday that he might walk away from his $44 billion deal to acquire the social media company if it fails to provide the data on spam and fake accounts that he seeks.

City Bank’s credit ratings have recently been upgraded by the Credit Rating Agency of Bangladesh, the long term from AA2 to AA1 and the short term from ST-2 to ST-1.

Stocks in Bangladesh dropped for a second consecutive day yesterday while turnover of the Dhaka bourse also fell, with investors showcasing an inclination towards booking profits. 

The Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) not to write off default loans swindled by scammers.

The government plans to boost exports by promoting large industries and send a record number of migrant workers abroad to raise foreign currency reserves.

The Parliament today passed “Bangladesh Parjatan Corporation (Amendment) Bill-2022” aiming at strengthening the corporation, and expand its scope to develop the tourism industry.

The local currency today depreciated further against the US dollar, hitting Tk 92 against each green back in the interbank platform.

The telecom operators owed Tk 13,068 crore to the government, Telecom Minister Mustafa Jabbar told parliament today.

The prime index of the Dhaka Stock Exchange (DSE) dropped for the second consecutive day today.

Deputy Commissioner of Thakurgaon Md Mahbubur Rahman made the comment as the potato growers in Thakurgaon yesterday cordoned off the office of the deputy commissioner demanding a cut in the increased cold storage rents.

The Bangladesh Bank today asked non-bank financial institutions (NBFIs) not to write off default loans swindled by scammers.

The Dhaka Stock Exchange opened the day in the red thanks to the profit-taking tendency among the investors.

The use of machinery for agriculture, particularly tilling land, harvesting crops, threshing grains and packing produce, is rising in northern districts such as Dinajpur and Rangpur as it is cheaper and more efficient compared to manual farming methods, according the Department of Agricultural Extension.

Global tech giants such as Google and Facebook are likely to come under the tax net from the next fiscal year as the authorities plan to make submission of returns mandatory for the firms that have no physical presence in Bangladesh but are doing business here.

The provisioning scenario of banks in Bangladesh further deteriorated in the first quarter of this year for an increase in default loans, an indication of the banking industry’s health having worsened. 

The government is likely to hike value-added tax (VAT) on broadband internet and impose a 5 per cent VAT on handsets manufacturing in the upcoming budget, which will increase handset and internet prices from next fiscal year. 

The government is going to discard its plan to bring all elderly poor under its social safety net programmes in 100 more upazilas in a bid to prevent the non-poor from misusing the support.

The local currency saw a big dip in its value over the last two days after Bangladesh Bank floated exchange rates of the taka against the US dollar on June 2.

Prime Bank has unanimously reelected its chairman for a two-year term at its 528th board meeting.

In March 2020, when governments around the world announced lockdowns and quarantine to prevent the spread of a contagious disease, no one could anticipate what would happen. Covid-19 changed the order of businesses in such a disruptive manner that it made even long-established corporations rethink management practices and how to do business in this new reality.