India’s dominant services activity grew at its fastest pace in a year last month, driven by an extended robust recovery in domestic demand though input costs rose at the quickest rate in eight years, a private survey showed.

Inditex staff in Spain say they are being forced out as the owner of fast-fashion brand Zara rolls out its plan to shut up to 1,200 stores worldwide, despite a company agreement with Spanish unions to project jobs.

Bangladesh Bank has asked banks and non-bank financial institutions (NBFIs) to sever ties with CTO Forum Bangladesh as the latter’s president spread false information on the capability of lenders in tackling cyberattacks.

The cabinet committee on economic affairs yesterday approved in principle a $58 million project to increase the efficiency and logistical capacity of Chattogram port.

The workers of nine state-owned jute mills that were shut last year staged a two-hour demonstration in front of the Bangladesh Jute Mills Corporation (BJMC) office in Chattogram yesterday.

Shares of LafargeHolcim Bangladesh fell 2.85 per cent on the Dhaka Stock Exchange yesterday as the company posted a decline in sales in 2020 because of the Covid-19 outbreak.

Stocks of Beximco Limited dropped 1.64 per cent to Tk 84 yesterday despite the company’s announcement that it would issue Sukuk bonds worth Tk 3,000 crore.

Finance Minister AHM Mustafa Kamal today said that there will be more benefits than losses if Bangladesh graduates to a developing country from a least developed one.

The government has taken the initiative to import 5.5 lakh tonnes of rice to increase stock.

Britain is expected to keep vast emergency financial support propping up the UK’s virus-battered economy when unveiling its annual budget Wednesday, but could also raise tax to fight surging debt. “The key thing is right now to keep supporting the economy... but also level with people,” finance minister Rishi Sunak said Sunday, as Britain from next week begins to exit its third Covid lockdown.

China, which last year overtook the United States as the world’s top filer of international patents, a key measure of technical innovation, increased its lead significantly in 2020, the UN said Tuesday.

Sri Lanka will offer a strategically located deep-sea port to India and Japan, an official said Tuesday, as the island seeks to balance traditional ties against China’s rising regional influence.

Most small and medium enterprises (SMEs) have encountered poor access to finance globally. Adequate access to finance is crucial for the survival and growth of SMEs.

The government has slashed the development budget for the current fiscal year by 3.26 per cent, keeping the local portion of the fund almost unchanged while trimming the foreign part.

Bangladesh’s leading food processor Pran has bagged $3.5 million worth of export orders from buyers in 76 countries at the Gulfood fair, one of the largest food fairs in the world.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday dissolved the board of Emerald Oil and formed a new one in a bid to improve its performance.

The Foreign Investors’ Chamber of Commerce & Industry (FICCI) yesterday called for a reduction in the corporate tax rate for the non-listed companies gradually to 25 per cent to encourage investment.

The revenue authority has relaxed the rules for businesses to help them adjust the VAT they paid in advance earlier as per the Value-Added Tax Act, 1991.

Stocks bounced back yesterday to go past 5,500-point mark after two weeks as investors are increasingly showing interest in the market after a recent fall made many shares lucrative.

As commodities start to be imported in increasing quantities ahead of Ramadan, containers have started piling up at the Chattogram port as traders are not promptly receiving consignments.