News

The country’s foreign exchange (forex) reserve reached at US$33 billion-mark on Wednesday following lower import payment pressure on the economy due to the worldwide spread of coronavirus pandemic.

Swedish Prime Minister Stefan Lofven on Wednesday assured that his country will not cancel any garment product order from Bangladesh.

Credit cards were slowly but surely finding a place in consumers’ hearts in recent years, thanks to a combination of banks’ aggressive push, a growing aspirational middle-class population and increasing awareness of the convenience the payment tool provides.

Oil prices extended a rally Thursday after US data showed improving demand and stockpiles rising less than expected, in a boost for markets ravaged by the coronavirus pandemic.

The workers who could not join their factories in April due to the ongoing lockdown over the coronavirus outbreak will receive 60 percent of their wages. State Minister for Labour and Employment Monnujan Sufian revealed the information on Wednesday after meetings with representatives of factory owners and workers.

South Asian Network on Economic Modeling (Sanem) has called giving farmers for interest-free loan, rather than a 4 percent interest loan for them.

The board of directors of Marico Bangladesh Ltd has recommended final 200 per cent cash dividend for the year ended on March 31, 2020.

Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, while the kingdom slipped into a $9 billion budget deficit in the first quarter as oil revenues collapsed.

Revenue collection soared 8 per cent in the first nine months of the fiscal year, paced by the increased collection of advance corporate tax and higher receipts of indirect tax value-added tax (VAT).

Around 25 lakh Mobile Financial Service (MFS) accounts have been opened in the readymade garment (RMG) sector since April 4 in line with a government’s move to provide salaries and allowances to its workers and employees through mobile banking.