Business

This year saw an unprecedented and drastic transition in the banking sector. In Bangladesh too, the banking industry has been heavily disrupted by prevailing business challenges. With such disruptions, traditional banks have been compelled to rethink their processes digitally, with strong social distancing rules forcing banks to...

The government has slashed furnace oil price in local market by 19 per cent to Tk 34.03 per litre from the previous price of Tk 42 per litre. The price cut is retrospectively effective from June 26 in line with the instruction from the Energy and Mineral...

Chartered Accountants (CAs) can play a vital role in economic recovery by taking particular care in their conduct and judgments as fair information, accountability, and transparent public finance are important to develop a strong and resilient economy in the backdrop of the Covid-19 pandemic, said experts at...

More focus needs to be given on sourcing funds from external sources, reducing dependency on bank borrowing, to mitigate the budget deficit, according to the experts and stakeholders. Suggesting reduction of source tax for export oriented sectors to 0.25 per cent, they also said agriculture and agro...

Industry Secretary KM Ali Azam today instructed the field level officials and employees of the Bangladesh Standards and Testing Institution (BSTI) to carry out their duties with professionalism, honesty, efficiency, dedication and sincerity in order to deliver quality food products and services to the consumer. Mentioning that...

Business leaders on Saturday urged the government to reorganise its economic and development policies in line with the changed global scenario amid the COVID-19 pandemic to protect jobs and livelihoods. They sought proper implementation of the government announced stimulus package to curb the rise in unemployment at...

The promising growth in export earnings seen at three Asian markets during the previous fiscal year has come to a halt following the coronavirus outbreak. Exports to China, India and Japan, three economic giants, were growing steadily over the last five years. During fiscal 2019-20 as well,...

Bangladesh could see more star hotels in the next five years than what it has seen in the last five decades. But the Covid-19 pandemic has made all that uncertain. Now, many of the upcoming hotel projects would be delayed by a year or...

E-commerce transactions through the banking channel increased by 13.57 per cent or Tk 30.4 crore in April, the first month of the government announced shutdown to contain the coronavirus, as a significant number of people preferred to purchase essential goods from home. On the contrary, transaction through...

Oil prices drifted lower on Thursday as concerns about renewed Covid-19 lockdowns in the United States outweighed signs of a recovery in US gasoline demand. US West Texas Intermediate (WTI) crude CLc1 futures fell 14 cents, or 0.3%, to $40.76 a barrel by 0229 GMT, after rising...