Rawhide traders across Bangladesh have been left disappointed by low prices this year, according to market insiders.

Banks will remain closed on Sunday and Wednesday next week as part of the government attempts to rein in the soaring cases of coronavirus, the central bank said yesterday.

Shikho, a startup aiming to make education accessible and affordable in Bangladesh, yesterday announced raising $1.3 million in seed money, making it the largest round of financing by a local edtech startup yet.

The government yesterday approved a Tk 427 crore project to provide one-off cash assistance to two lakh returnee migrant workers, create a database for them and extend other support to improve their skills.

Bangladesh Bank yesterday asked banks to prioritise new clients while giving out loans from the stimulus package dedicated to the large service and industrial units.

Wheat import has declined by 15 per cent, or 9.91 lakh tonnes, year-on-year in fiscal 2020-21 for international price hike and a fall in local demand due to the pandemic.

The value-added tax exemption for producing air conditioners, refrigerators and freezers locally has created interest among home appliance manufacturers in Bangladesh as firms are increasingly setting up full-fledged facilities, cutting their reliance on assembling.

Technology has a great influence on the working environment especially during this pandemic time as people are now being able to work remotely instead of their physical presence at the workplace, speakers said at a virtual programme today.

Since yesterday, one of the most talked-about topics in Bangladeshi social media is industrial conglomerate Jamuna Group’s announcement of investing up to Tk 1,000 crore in the e-commerce platform Evaly. The sheer figure astounded many as it is the largest amount of investment the country has ever seen in its e-commerce industry. Initially, Jamuna Group will invest Tk 200 crore, and the rest in phases. 

Bangladesh Bank today asked banks to give priority to new clients while giving out loans from the stimulus package dedicated to the large service and industrial units.

Stock market bounced back today because of higher participation of institutional investors.

Asia’s stocks fell to a fresh seven-month troughs on Tuesday led by a third straight session of heavy selling by the Chinese internet giant, while bond and money markets remained in tight range ahead of Federal Reserve policy meeting. 

City Bank has recently signed an agreement with International Finance Corporation (IFC) to participate in a Global Trade Finance Program (GTFP) as a confirming bank.

Standard Chartered Bangladesh has recently been recognised as the “Best Bank in Covid-19 Initiatives” and “Best CSR Bank in Bangladesh” at BT Banking Award 2021. 

The Commercial Bank of Ceylon has recently witnessed the appointment of a new chief executive officer for its Bangladesh operations. 

United Parcel Service beat Wall Street estimates for second-quarter revenue on Tuesday, helped by ecommerce deliveries, air shipments and specialized handling of healthcare products such as Covid-19 vaccines.

Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to higher sales of its less-expensive electric vehicles, as it raised vehicle prices and cut costs.   

Md Sirajul Islam had brought nine cows from his hometown in Sirajganj’s Shahjadpur upazila to Kaliabazar in Dhaka in hopes of selling them at the cattle market a week ahead of Eid-ul-Azha.

A Colombo-bound vessel carrying export containers has been kept impounded at the Chattogram port’s outer anchorage for the last eight days by Chittagong Port Authority (CPA) following a High Court order.

Stocks continued to fall for a second consecutive day yesterday as investors remained cautious ahead of the announcement of the monetary policy for the current fiscal year scheduled for tomorrow.