Bangladesh Bank yesterday ordered banks to run operations on a limited scale until the ongoing restrictions on movement end on May 5.

The government will set up a 15 megawatt heavy fuel oil-based power plant in Noakhali’s Hatia upazila.

Finance Minister AHM Mustafa Kamal apparently has no idea about the Federation of Bangladesh Chambers of Commerce and Industry’s (FBCCI) plans to set up a commercial bank.

The central bank yesterday formed a committee to examine its latest ICT infrastructure’s debacle that had halted the inter-bank cheque transactions and electronic fund transfers (EFT) more than for a week.

The domestic plastic pipe industry is growing at around 20 per cent a year thanks to its rising demand in the ongoing government development projects and modern water supply, sewerage and irrigation systems.

Euro area bond yields tracked Treasury yields higher on Wednesday, ahead of the close of the US Federal Reserve’s policy meeting later in the session.

The government has floated an international tender to lease out 25 state-run jute mills for a period of five to 20 years even though industrialists seem uninterested on the short-term deals.

The heirs to South Korea’s Samsung group announced their plans to pay more than $10b in death duties Wednesday -- one of the world’s biggest-ever inheritance tax settlements -- including donating Picasso and Monet artworks.

The Asian Development Bank (ADB) has downsized its projection about the Bangladesh’s GDP growth in the current fiscal year of 2020-21, considering the second wave of Covid pandemic and fresh lockdown that restricted economic activities.

The South Bangla Agriculture and Commerce Bank recently witnessed the appointment of a managing director and CEO.

The business community is deprived of an opportunity to choose their leaders through a participatory election as directors of the FBCCI are picked through consensus among hopefuls, who are often backed by the ruling parties.

President Joe Biden will call for reversing his predecessor Donald Trump’s tax cuts for the wealthy to pay for a huge middle class families spending program, senior administration officials said Wednesday.

The Federal Reserve has committed to sustaining stimulus to the US economy until it has recovered from the Covid-19 pandemic, and is expected to remain firm in that stance when it concludes its policy meeting on Wednesday.

Taiwan’s government on Wednesday accused China of waging economic warfare against the Chinese-claimed island’s tech sector by stealing technology and enticing away engineers, as parliament considers strengthening legislation to prevent this.

Bangladesh Bank has asked banks to continue operating on a limited scale until the ongoing restrictions on movement -- to curb Covid-19 transmission -- ends on May 5.

The stock market returned to black today after falling for two days for profit booking tendency of the investors.

Bangladesh Bank has removed AKM Shaheed Reza from the board of Mercantile Bank due to his involvement in a loan scandal.

The Asian Development Bank (ADB) has forecasted that Bangladesh gross domestic product (GDP) would grow at highest 5.8 per cent this fiscal year.

The family of late Samsung Electronics chairman Lee Kun-hee said on Wednesday they will pay more than 12 trillion won ($10.8 billion) in inheritance taxes for his estate and donate his vast private art collection to state curators.

The developed and developing countries should retain the same trade privileges for the least developed countries (LDCs) even after they graduate as the coronavirus pandemic has hit poor nations hard, officials said yesterday.