Earnings from merchandise exports surged as much as six times year-on-year to $3.13 billion in April thanks to a rebound in apparel shipment buoyed by the reopening of the economies in the US and Europe.

Export earnings rose six times year-on-year to hit $3.13 billion in April this year thanks to the rebound of apparel shipment with the reopening of the US and European economies.

The prime minister’s cash assistance for the poor and jobless people hit by the second wave of Covid-19 will begin to roll in on May 2.

Garment workers will have to be paid salaries and festival allowances by May 10 so that they can enjoy the Eid-ul-Fitr festival with near and dear ones, said Monnujan Sufian, state minister for labour and employment, yesterday.

Stocks of almost all non-life insurance companies have more than doubled over the past year while the benchmark index of the Dhaka Stock Exchange (DSE) rose 38 per cent.

The government plans to set an ambitious target of using foreign aid worth Tk 88,024 crore for development projects in the next fiscal year as external assistance has piled up.

The upcoming budget should focus on health, social protection and job creation to shield the people from the impacts of the second wave of the coronavirus, instead of putting too much attention on economic growth, the Centre for Policy Dialogue (CPD) said yesterday.

Unilever beat quarterly sales forecasts on Thursday, helped by a pick-up in home cooking in coronavirus lockdowns and a strong economic recovery in China, and said it would buy back up to 3b euros ($3.6b) of shares from May.

Mercantile Bank has recently witnessed the reappointment of its chairman.

Airbus on Thursday confirmed plans to raise production of its most-sold jets as airlines begin an uneven recovery from the pandemic, despite setbacks in Europe and a rapidly worsening wave of infections in India.

Seasonal date traders in Dhaka have moderate sales of the most popular iftar item ahead of and during Ramadan as many city-dwellers left the capital because of the reinstatement of the strict coronavirus restrictions.

An intense heatwave is sweeping across the country. The sun’s piercing rays inevitably cause streams of sweat to run off pedestrians.

With the interest rate on deposits falling steadily, keeping money in the banks seems to provide negative returns.

The garment factory owners should complete the payment of salaries and festival allowances of their workers by May 10, State Minister for Labour and Employment Begum Monnujan Sufian said today.

Ensuring long-term cash assistance for low-income people should be seen as a strategic objective of the National Board of Revenue (NBR) during the preparation of the next national budget, said the Centre for Policy Dialogue (CPD).

Bangladeshi workers in the readymade garments sector suffered a 35 per cent pay cut during the lockdown for the ongoing pandemic last year, according to a new study.

The government will set up a 15 megawatt heavy fuel oil-based power plant in Noakhali’s Hatia upazila.

Finance Minister AHM Mustafa Kamal apparently has no idea about the Federation of Bangladesh Chambers of Commerce and Industry’s (FBCCI) plans to set up a commercial bank.

The central bank yesterday formed a committee to examine its latest ICT infrastructure’s debacle that had halted the inter-bank cheque transactions and electronic fund transfers (EFT) more than for a week.

The domestic plastic pipe industry is growing at around 20 per cent a year thanks to its rising demand in the ongoing government development projects and modern water supply, sewerage and irrigation systems.