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Of the total, Islami Bank Bangladesh had the highest, or 30.10% of market shares of the total remittance earned through banking channels

The US budget deficit has hit a record high of more than $3tn (£2.3tn), driven by the government’s massive spending on coronavirus relief.

World shares struggled to stabilise on Tuesday as doubts about a recovery in tech stocks lingered after last week’s rout, while the dollar steadied as investors pondered whether policy signals from the European Central Bank this week could weaken the euro, reports Reuters.

Most female workers in Bangladesh’s readymade garment sector are concentrated in low paid jobs and the participation of women in managerial positions has not improved in the sector, said a recent report of the International Labour Organisation.

Janata Bank, One Bank, Union Bank, Bangladesh Commerce Bank, Modhumoti Bank and Shimanto Bank were yet to disburse a single penny till August

Most of the banks are keeping their ATM (automated teller machine) Booth operation suspended for 6-8 hours at night following an alert issued by Bangladesh Bank on possible cyber hacking attempt by foreign hackers.

The quality of the products is deteriorating, which in turn is causing financial losses to the importers. Importers blamed the delay in clearing the imported goods on dysfunctional cranes and forklifts at the port.

The government is planning to set up dedicated light engineering industrial park at five districts – Dhaka, Narayanganj, Jashore, Bogura and Narsingdi- to harness the immense potential of the domestic light engineering industry.

The securities regulator has issued a new directive on financial reporting and disclosure of mutual funds (MFs) and asset managers to enhance transparency in disclosure for the interest of investors and capital market.

The government is trying to address two big contradictions in the economy – low tax-to-GDP ratio and stock market capitalisation-to- GDP ratio, advisor to the Prime Minister on private industry and investment Salman F Rahman said on Sunday.