Bankers to get commute fares

Bangladesh Bank yesterday asked banks to ensure that bankers get fares for their commutes during the strict lockdown period this year starting April 14.
22 April 2021

Sensible credit card use offers perks

The consumption behaviour of Bangladesh’s growing middle class has made credit cards popular in recent years with a number of banks offering a wide range of discounts and cashback facilities on purchases.
22 April 2021

Farm loan interest cut to 8pc

Bangladesh Bank yesterday cut the interest rate on farm loans as part of its efforts to boost the agriculture sector amidst the ongoing economic slowdown caused by the coronavirus pandemic.
22 April 2021

There is no glass ceiling for women, sky is the limit

Women should strengthen their psychological state and be always prepared to face any challenge to find success in the banking sector.
22 April 2021

Bus owners in a tight spot

Bus operators in Bangladesh are losing Tk 500 crore every day as they have been off the road because of the lockdown, which may turn many owners into loan defaulters as their income has fallen to zero.
22 April 2021

Airlines look past slow recovery to post-pandemic travel

Even as new setbacks cloud their path to recovery, airline bosses are focusing on the lasting impact of Covid-19 on premium travel, technology and other pillars of their business.
22 April 2021

Tesla’s bad week in China was months in the making

Tesla Inc has had a terrible week in China, but sentiment against the US electric car company in its second-biggest market had been building as it struggled to keep pace with rapid growth.
22 April 2021

J L Rover output at two UK plants hit by chips shortage

Output at two of Jaguar Land Rover’s (JLR) British car factories will be temporarily halted from Monday, due to Covid-19 supply chain disruption, including a lack of semi-conductors, the firm said on Thursday.
22 April 2021

Facebook begins testing ads in Instagram Reels

Facebook Inc on Thursday said it will begin testing ads on its TikTok clone Instagram Reels in India, Brazil, Germany and Australia, as the social media giant aims to make money from its short-form video feature.
22 April 2021

Amazon to let Whole Foods shoppers pay with a swipe of palm

Amazon said it is rolling out biometric technology at its Whole Foods stores around Seattle starting on Wednesday, letting shoppers pay for items with a scan of their palm.
21 April 2021

Pandemic slips down list of market risks, Norway wealth fund says

The pandemic is becoming less dominant in the markets and other risks, such as inflation and a stock market correction, are rising, as vaccines fuel optimism and recovery, a top official at Norway’s $1.3t wealth fund said on Wednesday.
21 April 2021

Major banks commit to carbon neutrality by 2050

A group of 43 international banks including sector heavyweights have joined a UN-convened pact to reach carbon neutrality by 2050, the world body said Wednesday.
21 April 2021

Premier Bank reappoints CEO

Premier Bank recently witnessed the reappointment of its managing director and CEO, M Reazul Karim, for the next three years.
21 April 2021

India to waive import duty on Covid-19 vaccines: govt source

India will waive its 10 per cent customs duty on imported Covid-19 vaccines, a senior government official told Reuters on Monday, as it tries to boost supplies to counter a dramatic surge in coronavirus cases.
21 April 2021

China, North Korea poised to resume freight rail links as trade revives

China is set to resume cargo train service with North Korea, people familiar with the matter said, following a 15-month border closure due to COVID-19, as trade with the impoverished and isolated country begins to rebound.
21 April 2021

Construction work of first private hi-tech park begins

The construction of the Korean EPZ Hi-Tech Park in Anwara upazila of Chattogram began yesterday as its owner looks to set up Bangladesh’s first private enclave for information technology firms and startups.
21 April 2021

Brac Bank registers Tk 454cr net profit

Brac Bank registered a net profit of Tk 454 crore last year, sidestepping the business slowdown caused by the coronavirus pandemic.
21 April 2021

GP net profit drops 16pc

Grameenphone, the country’s biggest mobile phone operator, saw its net profit drop 16 per cent year-on-year to Tk 890 crore in the January-March quarter of 2021, impacted by a reduction in inter-connection revenue and economic uncertainties from Covid-19.
21 April 2021

Clothing brands still see Bangladesh as a major supplier

Despite the uncertainty caused by the coronavirus pandemic, international clothing brands are confident that Bangladesh will remain a major source of apparels in the coming months, according to a new study.
21 April 2021

Banking stocks lose grace for high defaulted loans

Once known to many for their attractive stocks, banks are a long way from raising adequate interest among stock market investors as confidence has been sunk by high amounts of non-performing loans and low asset value.
21 April 2021