The central bank yesterday allowed “Type-B” companies in export processing zones (EPZs) to enjoy foreign currency loans from an export development fund (EDF).

The central bank yesterday imposed a dividend cap of 30 per cent on non-bank financial institutions (NBFIs).

Prices of chicken meat have risen after growing social gatherings and ensuing Shab-e-Barat and Pahela Baishakh festival fuelled the demand for the protein, said industry operators yesterday.

The cold snap that gripped the United States in February not only caused chaos in Texas and the southwest, it also triggered a shortage in plastics that has disrupted a supply chain already under strain from a lack of microchips and growing congestion at ports as a result of the coronavirus pandemic. So factories have had to shut their doors and consumers are feeling the crunch.

ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it seeks to further expand into the video games business.

The University of Dhaka’s Innovation, Creativity and Entrepreneurship (ICE) Center and Korea International Cooperation Agency (Koica) Bangladesh are set to initiate a project promoting entrepreneurship in Bangladesh.

Energy giant Saudi Aramco on Sunday posted a 44.4 per cent slump in 2020 net profit due to lower crude prices, as the coronavirus pandemic weighed heavily on global demand. Aramco, Saudi Arabia’s cash cow, has revealed consecutive falls in profits since it began disclosing earnings in 2019.

The Federal Reserve has vowed it won’t raise its benchmark lending rate anytime soon, but US economists in a survey released Monday believe the central bank could be forced to enact a hike as soon as next year.

British meal delivery app Deliveroo is aiming for a higher-than-expected valuation of up to 8.8 billion pounds when it launches shortly on the London stock market, the company said Monday following a pandemic-fuelled boom in demand.

Tighter regulations, billions in lost overseas share value and government pledges to get even tougher -- Chinese tech giants are reeling under what looks like a sustained Big Brother assault on innovation and enterprise.

The government is being deprived of tax on capital gains because of transfer of shares of local companies at face value, although net value per share remains higher than the book value, said the ICAB yesterday.

Bangladesh Cement Manufacturers Association (BCMA) wants the next national budget to do away with a non-adjustable 3 per cent income tax and 3 per cent tax at the supply stage, saying this would help keep prices stable.

Clients faced difficulties to settle inter-bank transaction through different digital modes between 6pm and 8pm on Saturday in the wake of an electrical problem faced by the central bank’s National Payment Switch Bangladesh (NPSB).

Standard Chartered Bangladesh (SCB) has taken a series of financial and cultural initiatives to celebrate the country’s 50 years of independence. As a part of the move, the British lender yesterday rolled out a commemorative credit card at Pan Pacific Sonargaon Dhaka in the capital.

Stocks nosedived more than 3 per cent in the last two trading sessions as investors became worried following the sudden surge in Covid-19 infections and death tolls.

Mizoram, a northeastern state of India, wants to use Bangladesh’s Chattogram port to increase bilateral trade, Commerce Minister Tipu Munshi said yesterday.

Bangladesh’s first ever tier-one mudaraba perpetual bond has received the nod from the Bangladesh Securities and Exchange Commission (BSEC) for a Tk 600 crore fund to be raised.

The country could have progressed more if its economy is made vibrant by controlling corruption in an honest, efficient and effective manner, Finance Minister AHM Mustafa Kamal yesterday said.

Logistics companies that cater to online businesses in Bangladesh have prospered during the coronavirus pandemic, as an increasing number of people moved to digital platforms to make purchases.

Citibank NA Bangladesh is said to have enabled automatic domestic payment solutions for M&J Group.