Chinese exports grew at a forecast-busting rate last month, data showed Friday, while imports surged at their strongest in a decade as the global economy bounces back from the pandemic crisis and domestic consumption recovers.

In Bangladesh, despite the gradual rise in the investment-GDP ratio over the past three decades, private sector investment, in proportion to GDP, had remained stagnant for years even before the onset of Covid-19. The Covid-19 crisis intensified the problem.

The traditional weaving industry in Tangail district needs both public and private support in order to recover from the Covid-19 and flood-induced losses, according to local traders.

Mutual funds are suffering for failing to generate confidence due to a lack of professionalism of fund managers, underlying problems of the funds and a lack of strong leadership of the stock market regulator in the past, according to LR Global Bangladesh.

Bangladesh needs to pay attention to explore new export destinations, including untapped markets in the Commonwealth of Independent States (CIS), Latin America and African regions, according to speakers at a webinar yesterday.

PHP Family, one of the largest industrial conglomerates in the country, has provided 11 bonuses equal to the basic salary to each of its 10,000 employees on the occasion of Eid-ul-Fitr this year.

Energypac Power Generation yesterday inaugurated an industrial park in a bid to export locally manufactured generators, enhance its current manufacturing capacity and assemble eco-friendly electric commercial vehicles.

The government may keep its tax collection target unchanged for the National Board of Revenue in the next fiscal year because of the devastating effect of the coronavirus pandemic on the economy.

Twenty-five per cent of garment factories that received loans from the taxpayer-backed stimulus package retrenched workers in a breach of conditions, according to a study of the Centre for Policy Dialogue (CPD).

Transport movement was disrupted in Dhaka’s Mirpur area for four hours as workers of different garment factories demonstrated at various points demanding their arrears by today and resumption of long-distance bus service.

Some 25 per cent of the garment factories went for job cuts despite receiving soft loans from the government-sponsored stimulus package, according to a new study of the Centre for Policy Dialogue (CPD).

Garment Sramik Karmachari Oikya Parishad (GSKOP), an alliance of 20 worker associations, today demanded the payment of wages and Eid bonuses by May 10.

China “indefinitely” suspended on Thursday all activity under a China-Australia Strategic Economic Dialogue, its state economic planner said, the latest setback for strained relations between the two countries.

Rumee A Hossain has been re-elected as the chairman of the executive committee of the board of Bank Asia Ltd in the 453rd meeting of the board of directors held recently.

US private firms added 742,000 jobs in April, according to a survey released Wednesday, fewer than expected but nonetheless the fourth consecutive month of gains as the economy recovers from the Covid-19 pandemic.

US tech giant Microsoft pledged Thursday to process and store all European cloud-based client data in the European Union amid unease in the region over the reach of US legislation on personal data collection.

The startup scene in Bangladesh has huge potential but needs policy support to meet its demand for funding and make a bigger contribution to the economy, according to experts.

Bangladesh Bank yesterday allowed courier service providers (CSPs) to use banking channels to settle payments for their services.

After a year of layoffs and uncertainty, data released on Wednesday showed the US service sector adding jobs and expanding in April, as the world’s largest economy bounces back from the worst of the Covid-19 pandemic.

The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan’s biggest recipient of official development assistance in 2020.