Around Tk 88.6 lakh crore of untaxed or black money has been generated in the past 48 years since Bangladesh gained independence, said Bangladesh Economic Association (BEA) yesterday.

Nine banks faced net losses in the first quarter of this year as the majority of them have been in the red for years due to wide-ranging financial scams.

The government’s national budget implementation rate fell significantly in the last one decade mainly due to a lack of efficiency, accountability and capacity and a rise in corruption.

The government should give importance to the agriculture sector, social safety net programmes, and job creation in the upcoming national budget in order to ensure food security and reduce the Covid-induced economic shock on the country’s new poor, according to experts.

Standard Chartered Saadiq Bangladesh has won a “Best Islamic Bank for Digital CX (customer experience) - Bangladesh Award (DCX 2021)” from Digital Banker.

LafargeHolcim Bangladesh yesterday unveiled a new Supercrete Cement bag to be available everywhere by June 10.

Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia.

Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies.

Mercantile Bank Ltd (MBL) has taken a set of initiatives to widen its businesses by way of strengthening its different digital platforms, sidestepping the ongoing business slowdown caused by the coronavirus pandemic.

Black money worth Tk 88.6 lakh crore has been originated from Bangladesh in the last four decades, Bangladesh Economic Association (BEA) President Prof Abul Barkat said today.

Intel Corp’s CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.

About 20 Japanese companies, including electronic component maker Ibiden Co, will work with Taiwan Semiconductor Manufacturing Co (TSMC) to develop chip manufacturing technology in Japan, the Nikkei newspaper reported.

The final phase of the auction for Bangladesh Bank’s Tk 4,000 crore sukuk bond is going to be held on June 9.

The price of liquefied natural gas (LPG) has decreased for the second time in two months thanks to lower prices in the international market.

The cabinet yesterday approved in principle the draft of Finance Company Bill, 2021, keeping a provision of imposing a fine of Tk 1 crore as the maximum administrative punishment for violation of the law.

Thanks to a hike in cement prices, all the cement manufacturers witnessed higher profits in the January-March quarter of the current year.

Revenue collection surged 116 per cent year-on-year to Tk 19,326 crore in April, the highest monthly growth in the current fiscal year, which has seen lower tax receipts because of the economic slowdown.

The government should align its upcoming budget with the Eighth Five-Year Plan and make special allocations to create jobs to reach its goals on youth development, speakers said at a webinar yesterday.

Garment export might make a full recovery to pre-pandemic levels by October this year as shipments are rebounding with the reopening of Western retail stores, said the BGMEA president yesterday.

The price of computers and IT accessories has shot up 20 per cent in the last 14 months as pandemic-induced restrictions prompted educational institutions and businesses to heighten focus on home-based schooling and work.