Bankers call for more bang to Britain’s big finance fightback

Shortly after Britain left the European Union, finance minister Rishi Sunak pledged a series of measures he dubbed “Big Bang 2.0” to ensure the City of London remained one of the world’s top financial centres.
27 April 2021

Improve ease of doing business

Bangladesh should focus on creating an effective business-friendly environment and improving the ease of doing business in the country, top businesses said in a virtual discussion yesterday.
27 April 2021

Facebook platform to promote local products

In order to promote all kinds of local products, Sabera Anwar, a fashion entrepreneur and owner of Panache Hub and Events, has opened up a group on Facebook named “GoDeshi-Made in Bangladesh”.
27 April 2021

Invest in talent to reach new heights

Investment in talent can create a sustainable competitive advantage for organisations and take them to the next level. It also makes society better.
27 April 2021

SME Foundation to disburse Tk 300cr

The SME Foundation will disburse Tk 300 crore from a second stimulus package for micro, small and medium enterprises (MSMEs) to help accelerate the country’s economic recovery from Covid-19.
27 April 2021

SBAC Bank’s managing director steps down

South Bangla Agriculture and Commerce (SBAC) Bank's Managing Director (MD) Tariqul Islam Chowdhury has stepped down from his position before completing his three-year tenure.
27 April 2021

Runner to buy land for its three-wheeler plant

Runner Automobiles is going to buy land to set up its CNG and LPG-run three-wheeler manufacturing plant near its existing factory in Bhaluka, according to a posting on the Dhaka Stock Exchange (DSE) website.
26 April 2021

Weavers in a bind as Covid continues rampage

Rahmat Ali, a leading producer and trader of handmade garment items in Sirajganj’s Shahzadpur upazila, made around 2,000 pieces of clothing for Eid-ul-Fitr, the largest sales season of the year.
26 April 2021

Banks must give Tk 116 crore in CSR to pandemic-hit people

Banks will have to allocate around Tk 116 crore to carry out corporate social responsibility (CSR) programmes in the form of providing essential goods and medical equipment to the underprivileged affected by the coronavirus pandemic.
26 April 2021

Unilever Consumer Care’s profit drops despite higher sales

Unilever Consumer Care’s sales rose 14 per cent year-on-year to Tk 114 crore in the first quarter of the current year but it could not prevent a 31.8 per cent drop in profits due to an increase in prices of raw materials and duty.
26 April 2021

Stocks fall on profit booking

The stock market witnessed a profit booking session yesterday, breaking a graining streak of eight consecutive days.
26 April 2021

FBCCI polls unlikely as directors elected uncontested

The biennial election of the country’s apex trade body might not take place on May 5 as candidates have been elected uncontested after four hopefuls withdrew their candidature.
26 April 2021

FBCCI’s plan for a bank is an absurd idea: experts

The country’s apex trade body plans to set up a commercial bank and an insurance company to serve better cottage, micro, small and medium enterprises (CMSMEs), which struggle to secure loans despite being the backbone of the economy.
26 April 2021

Edible oil prices rise again

Edible oil prices have risen for a third time in two months, making it even more difficult for low-income groups to afford the essential cooking ingredient amidst the ongoing coronavirus pandemic.
26 April 2021

Handset sales down 40pc since January

Sales of mobile handsets have dropped more than 40 per cent in April compared to the January level after consumers tightened their belt as they see no immediate end to the coronavirus pandemic.
26 April 2021

EU weighs making transport, building sectors pay for CO2 emissions

Diplomats from European Union countries will this week discuss making the transport and buildings sectors pay for their CO2 emissions, according to an internal document seen by Reuters.
26 April 2021

Frustrated Canada presses White House to keep Great Lakes oil pipeline open

Canada is pushing on several diplomatic fronts against the US state of Michigan’s efforts to close a cross-border oil pipeline, the second such dispute since Joe Biden became US president in January, complicating the governments’ efforts to work together to lower carbon emissions.
26 April 2021

Asian shares at 6-week highs, eyes on Fed, US GDP

Asian stocks climbed to six-week highs on Monday amid signs the world economic recovery was still well on track, though rising Covid-19 cases in the region weighed on sentiment, pushing oil prices lower.
26 April 2021

Fed’s ‘maximum employment’ push may fall short in post-pandemic economy

The Federal Reserve has promised to help restore the US economy to “maximum employment,” and is pointing to the months just before the coronavirus pandemic as the touchstone for what that might mean.
26 April 2021

BB cuts interest rate of refinance funds

Bangladesh Bank yesterday cut the interest rate on refinance funds for pre-shipment credit aiming at helping local exporters continue shipping products amid the coronavirus outbreak.
26 April 2021