Economy | The Daily Star

  • BB extends deadline for payments

    Bangladesh Bank yesterday extended the deadline for private and public entities to pay for virtual meeting services, according to a central bank circular.

  • Draw up country risk management guidelines

    Bangladesh Bank yesterday asked banks to draw up country risk management guidelines focusing foreign nations, all aimed at absorbing unexpected economic shocks stemming from abroad.

  • Home stays turned into an advantage

    Coming home on a leave from his Saudi Arabian workplace, Saiful Islam of Tangail could not return for lockdowns imposed for the coronavirus outbreak.

  • Country’s first SME gets nod to go public

    The Bangladesh Securities and Exchange Commission (BSEC) yesterday gave go-ahead to Nialco Alloys to go public.

  • Postal life insurance offers financial protection to future generations

    Over the years, awareness about insurance has grown and its demand has accelerated as many people look for financial protection for the long term.

  • Tech glitches leave bank clients up the creek

    Bank clients are going through serious troubles as the country’s two major digital means for moving funds, inter-bank cheque transactions and electronic fund transfers (EFT), have been inoperable since April 13.

  • Garment workers irked by transport crisis, high fares

    Garment factories operated in full swing on the second day of the lockdown yesterday although many workers found it difficult to reach their workplaces because of the non-availability of public transport.

  • Women entrepreneurs bear the brunt of pandemic

    More than 41 per cent of small businesses run by women entrepreneurs were forced to shut their operations completely because of the coronavirus pandemic, according to a study by the Centre for Policy Dialogue (CPD).

  • Europe needs more short-term aid to counter continued Covid risks: IMF

    European economies need “an extra push” of financial support this year and next to overcome the long-term impacts of the Covid-19 crisis, a senior IMF official said on Wednesday.

  • US retail sales surge; weekly jobless claims drop to one-year low

    US retail sales rebounded more than expected in March as Americans received additional pandemic relief checks from the government and increased COVID-19 vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.

  • Fed sees more optimism among US businesses, activity accelerating

    American businesses are feeling more optimistic as vaccinations against Covid-19 become common, and economic activity accelerated moderately in recent weeks, the Federal Reserve said on Wednesday in its survey of business conditions.

  • Pubali Bank gets new DMDs

    Pubali Bank recently witnessed the appointment of three new deputy managing directors.

  • Facebook signs first deal to buy renewable energy in India

    Facebook has signed a deal to buy renewable energy in India from a local firm’s wind power project, the social media giant’s first such deal in the South Asian nation, the companies said on Thursday.

  • Indonesia’s exports, imports grow more than expected

    Indonesia’s exports surged in March due to higher commodity prices and rebounding global demand, while imports also grew by more than expected last month as domestic manufacturing activity improved, statistics bureau data showed on Thursday.

  • Chip shortage weighs on car sector recovery: Volkswagen CEO

    An ongoing shortage of crucial semiconductors is the only factor weighing on a global recovery of the car sector from the coronavirus crisis, Herbert Diess, chief executive of Volkswagen AG, said on Thursday.

  • Garlic farmers not getting fair prices

    The production of garlic, one of the most essential seasonings, is increasing every year with farmers of Chalan Beel in the northern Natore and Pabna districts this year accounting for around half of that grown in the country.

  • Restaurant workers demand cash support

    Restaurant workers yesterday demanded cash support and food rations from the government in order to survive the week-long “hard lockdown” beginning today.

  • March cost more

    Consumers had to shell out more in March to purchase goods and services owing to an increase in food and non-food prices, shows data of the Bangladesh Bureau of Statistics (BBS) released yesterday.

  • Stocks keep gaining

    The stock market continued to rise for the second consecutive day yesterday thanks to the higher participation of investors, who came in large numbers to take benefit of the low and lucrative prices of shares.

  • Strictly follow health safety rules

    The government, trade bodies and garment union leaders strongly advised factory owners to strictly follow health safety rules in operations of production units so that workers are not infected with Covid-19 during lockdowns.

  • Govt mulls using IoT, AI in 100 villages

    The government aims to use modern technology to boost agricultural and aquaculture production in 100 villages across Bangladesh, according to Zunaid Ahmed Palak, the state minister for ICT.

  • Another bitter Baishakh for sweet shops

    Pahela Baishakh, the first day of the Bangla calendar, is the busiest day for sweet makers in Bangladesh as customers throng outlets to buy delicious items.

  • Govt decides to keep banks open after mass confusion

    Khaza Hasan Chisty, a small business owner, yesterday spent more than an hour around noon at the Tejgaon branch of Dutch-Bangla Bank in the capital to withdraw cash so that he does not face any liquidity shortage during the hard lockdown starting from today.

  • Informal workers slip through the cracks again

    Workers of the urban informal sector, which has been largely ignored despite the devastating pandemic for more than a year, are facing a fresh onslaught of adversities amid a surge in coronavirus infections.

  • Mitsubishi Motors to cut output in Japan, Thailand

    Mitsubishi Motors Corp will cut production by a combined 7,500 vehicles at three plants in Japan and Thailand in April, it said on Monday, citing chip shortages.

  • BASIC Bank launches WhatsApp banking

    State-owned BASIC Bank on Monday rolled out a WhatsApp-based banking service informing of account balance and last five transactions.

  • German investor confidence falls as virus curbs drag on

    German investor sentiment fell in April for the first time since November as Europe’s top economy feels the strain of a relentless third coronavirus wave, data showed Tuesday.

  • Grab agrees world’s biggest SPAC merger, valued at $40b

    Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with US-based Altimeter Growth Corp in a deal that gives Grab an initial proforma equity value of about $39.6 billion and will lead to a public listing

  • Biden’s chip dreams face reality check

    To understand President Joe Biden’s challenge in taming a semiconductor shortage bedeviling automakers and other industries, consider a chip supplied by a US firm for Hyundai Motor Co’s new electric vehicle, the IONIQ 5.

  • Strong cybersecurity to build trust in a digital world

    Among perennial issues such as geopolitical, economic, climate and health, one of the biggest challenges for countries today is cybersecurity.

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