Banks to remain closed on 30 March
Business Desk :The country’s banks will remain closed on 30 March on the occasion of Shab-e-Barat. Earlier, the holiday was scheduled for 29 March, says...
Business & Economy
Nagad wants to go big in MFS
Business Desk :Nagad, the digital financial services arm of the Bangladesh Post Office, wants to go big in the country’s Mobile Financial Services (MFS) arena...
Shasha to invest $5m in DEPZ
Business Desk :M/s Shasha Garments Limited is going to establish a garments manufacturing industry in Dhaka Export Processing Zone with an investment of $5 million....
Dividend limit set at 30pc for non-bank financial institutions
Business Desk :Non-bank financial institutions (NBFIs) will be able to declare the highest dividend of 30% for shareholders, with a maximum of 15% cash dividend.The...
China’s Baidu debuts in Hong Kong after $3.1b IPO
AFP, Hong Kong :Chinese search engine Baidu debuted on Hong Kong’s stock exchange Tuesday after raising $3.1 billion in its initial public offering, the latest...
Capital market is now stronger than before: Kamal
Business Desk :Finance Minister AHM Mustafa Kamal on Tuesday said the country’s capital market is now stronger than before as the government has been working...
White House considering $3tn for US infrastructure
President Joe Biden’s administration is considering spending $3 trillion on infrastructure in the United States, split into two bills that face narrow paths to approval...
Sri Lanka secures $1.5b Chinese loan
AFP, Colombo :Sri Lanka and China have signed a $1.5 billion currency swap deal, the island nation’s central bank said Tuesday, as it struggles with...
Asia markets swing as inflation fear tempers recovery hope
AFP, Hong Kong :Asian markets fluctuated Monday as the battle between economic optimism and fears about the inflation and possible rate hikes the recovery will...
Germany appoints new head of troubled finance watchdog
AFP, Berlin :Germany has tapped Mark Branson from Swiss financial regulator Finma to head its beleaguered financial watchdog Bafin, the finance ministry said Monday.Branson, a...