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A workshop on basic digital and financial literacy was launched yesterday to enable 3,000 female entrepreneurs of a UNDP marketplace to efficiently operate and expand their business online. Anondomela, the online marketplace of United Nations Development Programme (UNDP) for entrepreneurs, launched the 40-day event encompassing the participants from 40 districts. …
Read More »Stocks drop after four-day rally
The stock market index fell yesterday after continuously rising for four trading days last week. The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), fell 6 points, or 0.86 per cent, to 7,085. The market was saved from a big fall because of a high demand for bank stocks, …
Read More »Interoperability among banks, MFS from 2022
The wait for an interoperable digital transaction system is soon going to be over as the government is launching it early next year. This could be a potential game changer, boosting digital transactions by allowing people to move funds effortlessly within the financial sector in real-time and at lower costs. …
Read More »IMF renews $50 bn credit line for Mexico
The IMF announced Friday it has renewed a two-year credit line for Mexico for $50 billion. The Mexican economy remains exposed to risks, including from the impact of Covid-19, and the flexible credit line (FCL) will provide insurance against those risks and bolster market confidence, the International Monetary Fund said …
Read More »Subscription of two perpetual bonds opens tomorrow
Two new mudaraba perpetual bonds — IBBL 2nd Mudaraba Perpetual Bond and SJIBL Mudaraba Perpetual Bond — will open for public subscription tomorrow (Sunday). The subscription through the electronic subscription system of the stock exchanges will continue until December 02, according to Dhaka Stock Exchange (DSE). The Islami Bank Bangladesh …
Read More »Govt aims for major reforms to boost tax receipts
The government plans to merge development and revenue budgets, amend income tax laws and establish a procurement authority in the next three years as part of a set of reforms aimed at boosting revenue collection and ensuring transparency in expenditure. Revenue generation in Bangladesh is one of the lowest in …
Read More »ICC Bangladesh’s new secretariat at Gulshan inaugurated
The national committee secretariat of the International Chamber of Commerce-Bangladesh was inaugurated on Saturday at Gulshan in Dhaka. Commerce minister Tipu Munshi inaugurated the new ICC Bangladesh office in a ceremony at the organisation’s new office as the chief guest, said a press release issued by ICC Bangladesh. Tipu Munshi, …
Read More »Higher work orders, prices barely bring profit
With improvements in the pandemic situation, local garment suppliers have been receiving higher prices and more work orders from international retailers and brands but making a profit has become difficult as business costs have increased. At the same time, apparel manufacturers are apprehending a return of the crisis in the …
Read More »Tune policies to increase women’s role in economy:analysts
The government should give special attention when framing policies to enhance the economic contributions made by women in order to help the country achieve its goal of becoming a developed nation, according to analysts. “Bangladesh has done impressively well in terms of socio-economic development but many challenges remain when it …
Read More »US dollar pauses for breath, hovers below 16-month top
Strong US retail sales data earlier this week added fuel to the recent rally The dollar hovered below a 16-month peak in Asian trade on Thursday, losing ground on the New Zealand dollar, after having fallen against the pound and yen overnight as traders assessed whether the US currency’s recent …
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