A coal-fired Payra power plant of 1,320 megawatts (MW) in Dhankhali area under ​​Kalapara upazila of Patuakhali district is awaiting inauguration.

Stock markets rose Friday after German, UK and US economic data provided a brighter outlook for major economies worldwide.

Spending through credit cards maintained an upward trend in Bangladesh in January, but bankers say the rising coronavirus infections and deepening uncertainty may discourage credit-based purchases.

US spending dropped more than expected and income plunged in February, Commerce Department data released on Friday said, an outcome economists blamed on the tapering-off of government stimulus checks and bad winter weather that kept shoppers at home.

International buyers are following a ‘go-slow’ policy in placing orders with apparel suppliers in Bangladesh because of fresh lockdowns and stricter restrictions in key markets amid a rise in coronavirus infections and piling up of unsold goods amid depressed sales.

Bank Asia celebrated the golden jubilee of Bangladesh’s independence through hoisting of the national flag at its Paltan corporate office in Dhaka, rendition of the national anthem and observance of one minute’s silence for Liberation War martyrs.

Bangladesh Bank has decided to increase the size of its export development fund (EDF) as it reaches out to businesses tackling slowdowns from a recent resurgence in daily Covid-19 cases, the highest since last July.

French public debt soared last year to its highest levels since shortly after World War II due to the coronavirus pandemic and ensuing economic

City Bank has been awarded a “Best Digital Bank in Bangladesh 2021” by global financial publication AsiaMoney for “outstanding contributions in digital banking in Bangladesh”.

Bangladesh Bank will soon announce new cyber security guidelines for the banking sector, said the central bank’s head of IT recently.

A newly elected executive committee of the Aviation Operators Association of Bangladesh has recently taken over charge for 2021-2023.

Volkswagen has issued a recall for more than 150,000 Audi vehicles in the United States on concerns that their passenger air bags might not activate, according to a filing to the National Highway Traffic Safety Administration (NHTSA).

Dredging and tugging aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes.

Three months after Britain exited the EU, London on Friday reached a cooperation agreement on financial services with Brussels but despite this first step rivalries between the two sides remain.

The World Bank approved $250 million on March 26 to help Bangladesh effectively respond to the Covid-19 pandemic for a faster recovery and stronger resilience to future crises.

Off late shipping costs have gone through the roof, making life miserable for the businesses. The freight rate for a 40-foot container to European base ports from Chattogram has reached to $5,000 level.

The SME Foundation will disburse Tk 100 crore as a government incentive to small and medium entrepreneurs in the current fiscal year to help them recover from the damages caused by the pandemic.

The World Bank approved $250 million on March 26 to help Bangladesh effectively respond to the Covid-19 pandemic for a faster recovery and stronger resilience to future crises.

Exporters and importers are apprehending prolonged delays in shipments as efforts so far have failed to dislodge a massive container vessel that continues to choke traffic in both directions along the Suez Canal.

Bangladesh needs to improve infrastructure and standard of education, equip the youth population with market-oriented skills and uproot corruption to become a high-income country, experts say.