Mobile financial service providers are taking an additional Tk 1.5 from the clients by charging Tk 20 instead of Tk 18.50 as cash-out fee for every Tk 1,000, telecom experts said today.

PHP Family, one of the largest industrial conglomerates in the country, has provided 11 bonuses equal to the basic salary to each of its 10,000 employees on the occasion of Eid-ul-Fitr this year.

Energypac Power Generation yesterday inaugurated an industrial park in a bid to export locally manufactured generators, enhance its current manufacturing capacity and assemble eco-friendly electric commercial vehicles.

The government may keep its tax collection target unchanged for the National Board of Revenue in the next fiscal year because of the devastating effect of the coronavirus pandemic on the economy.

In Bangladesh, despite the gradual rise in the investment-GDP ratio over the past three decades, private sector investment, in proportion to GDP, had remained stagnant for years even before the onset of Covid-19. The Covid-19 crisis intensified the problem.

The traditional weaving industry in Tangail district needs both public and private support in order to recover from the Covid-19 and flood-induced losses, according to local traders.

Bangladesh needs to pay attention to explore new export destinations, including untapped markets in the Commonwealth of Independent States (CIS), Latin America and African regions, according to speakers at a webinar yesterday.

Some 25 per cent of the garment factories went for job cuts despite receiving soft loans from the government-sponsored stimulus package, according to a new study of the Centre for Policy Dialogue (CPD).

China “indefinitely” suspended on Thursday all activity under a China-Australia Strategic Economic Dialogue, its state economic planner said, the latest setback for strained relations between the two countries.

Rumee A Hossain has been re-elected as the chairman of the executive committee of the board of Bank Asia Ltd in the 453rd meeting of the board of directors held recently.

US private firms added 742,000 jobs in April, according to a survey released Wednesday, fewer than expected but nonetheless the fourth consecutive month of gains as the economy recovers from the Covid-19 pandemic.

The startup scene in Bangladesh has huge potential but needs policy support to meet its demand for funding and make a bigger contribution to the economy, according to experts.

The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan’s biggest recipient of official development assistance in 2020.

The insurance regulator yesterday awarded a licence to NRB Islamic Life Insurance Company as the first non-resident Bangladeshi (NRB) insurer in the country.

People in Bangladesh can easily invest their funds in Treasury bonds (T-bond), thanks to a set of initiatives taken by the central bank recently.

Mobile phone operators should focus more on improving the quality of service to get tax exemption, said Posts and Telecommunications Minister Mustafa Jabbar yesterday.

The Covid-19 pandemic has emerged as the biggest challenge for businesses worldwide and caught top executives off guard.

Bangladesh Bank yesterday issued guidelines specifying the sole ways in which public money deposited in the accounts operated by mobile financial service (MFS) and e-money service providers can be used.

Sales of pulse oximeter, face mask, glove and sanitiser have risen manifold, taking advantage of which some traders have increased the prices of the health and hygiene safety products.

German reinsurance giant Munich Re posted higher first-quarter profits Thursday and said it was on course to meet its 2021 targets despite payouts linked to Covid-19 and a US cold snap.