Bangladesh’s fleet of oceangoing vessels is expected to expand in the coming years after the National Board of Revenue eased age rules for ships to qualify for VAT exemption during imports and cut advance income tax.

Global shares held firm near record highs on Monday while US bond yields flirted with three-month lows as investors expect the Federal Reserve to stick to its dovish mantra later this week.

Buoyed by the government policy aimed at developing the motorcycle industry, local companies are gradually making a foray into the component manufacturing segment with a view to cutting the country’s reliance on imports.

Euro zone industrial production was stronger than expected in April, driven by a more than doubling of durable consumer goods output from a year earlier as economies steadily reopened after Covid-19 pandemic lockdowns, data showed on Monday.

Local garment exporters are feeling the pinch of a sudden unusual rise in yarn prices in the local and international markets, a development that is threatening to derail the recovery of the apparel shipment from the pandemic-induced slowdown.

The European Union on Monday hired banks for a 10-year bond sale, the first to finance its recovery fund, according to two lead managers, a crucial step in financing the bloc’s economic recovery from the coronavirus pandemic.

Bitcoin surged 9.8% to $39,035.47 on Sunday, adding $3,492.71 to its previous close.

Mercantile Bank has recently launched digital banking app “MBL Rainbow”, saying it would ensure faster, safer and convenient banking activities doing away with the need for physical presence.

The average age of US cars and light trucks rose to a record 12.1 years in 2020, as Americans drove fewer miles and scrapped more vehicles during the Covid-19 pandemic, according to IHS Markit.

India’s wholesale price inflation accelerated to 12.94 per cent year-on-year in May, versus 10.49 per cent year-on-year in April, mainly due to a spike in energy prices, government data showed on Monday. Fuel prices accelerated by 37.61 per cent year-on-year in May, the data showed.

Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate.

The Bankers’ Book Evidence Bill 2021, defining digitally recorded documents as evidence, was placed in parliament yesterday.

A tendency to book profits prevailed among investors in the stock market yesterday, all the while the insurance sector had started soaring again.

Finance minister MHM Mustafa Kamal on June 3 placed his second consecutive national budget at the parliament for fiscal 2021-22, targeting 7.2 per cent annual GDP growth while revising last year’s current growth target to 6.1 per cent from the initial 8.2 per cent estimated amid the ongoing Covid-19 pandemic.

Imagine neat rows of vegetable saplings in the thousands growing in a temperature and humidity controlled environment fitted with drip irrigation and free from pests, capable of providing harvests 15 days in advance.

Commerce Minister Tipu Munshi yesterday asked the leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to leave their traditional way of thinking and contribute more to trade by modernising the country’s apex trade body.

ACI stocks soared yesterday when news broke that its subsidiary ACI Motors is set to receive Tk 83.99 crore in foreign investment for the expansion of its vehicle manufacturing capacity.

Bangladesh has been re-elected as a deputy member of the governing body of the International Labour Organisation (ILO) from the Asia-Pacific region for 2021-2024.

The Bangladesh Export Processing Zones Authority (Bepza) has started allotting plots of the Bepza Economic Zone in Mirsharai among the investors.

ACI Motors, a subsidiary of ACI, is going to receive Tk 83.99 crore in foreign investment, which the company will use for the expansion of its business.