The entrepreneurs and businessmen, who took loans from banks, are seeking exemption from payment of interest till December as COVID-19 has taken a heavy toll on investors as trade and economic activities have stalled during the global pandemic. If borrowers are not relieved of the

The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May. Demand for oil has all but dried up as lockdowns across the world have kept

DHAKA: In this worldwide 'lockdown' situation enforced for preventing Covid-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send remittance to their loved ones back home.  During this time of emergency, the expatriate Bangladeshis as well

DHAKA: LafargeHolcim Bangladesh Ltd has declared layoffs of its head office in Dhaka amid the coronavirus pandemic.  The public listed cement multinational company has also decreased sales during the countrywide shutdown.  The layoffs began on April 12, 2020 and will continue

DHAKA: LafargeHolcim Bangladesh Ltd has declared layoffs of its head office in Dhaka amid the coronavirus pandemic.  The public listed cement multinational company has also decreased sales during the countrywide shutdown.  The layoffs began on April 12, 2020 and will continue

DHAKA: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday (April 16) claimed that about 87 per cent of its listed factory workers received wages of March, 2020. BGMEA president Dr Rubana Huq also said the rest mostly belong to small and medium factories who

DHAKA: WaterSHED Holdings Singapore Ltd. has recently launched the first ever portable hand washing solution of the world “HappyTap” in Bangladesh. While the entire world is talking about the importance of hand washing and cleanliness to stay protected from COVID-19 / Corona Virus and

DHAKA: The World Bank has approved $350 million grant for three projects to help Bangladesh address the needs of the host communities and the displaced Rohingya in Cox’s Bazar district including health services, response to gender-based violence, social protection, basic services and

DHAKA: All markets, super shops, shopping malls and retail shops across the country will remain closed until April 4, as the duration has been extended for four more days. Bangladesh Shop Owners Association took the decision as a precautionary measure to contain coronavirus infection

DHAKA: Bangladesh has suspended flights to all international routes except London and Manchester until April 15 following the global outbreak of coronavirus. Biman’s flight suspension to Jeddah, Madina, Riyad, Dammam, Kuwait, Doha, Masqat and Bangkok have been extended till April 5,

DHAKA: Bangladesh Bank has fixed transaction hours from 10am to 12pm for customers during the holidays (March 29 to April 02) declared by the government to prevent outbreak of the coronavirus. However, operation hours of all the banks will be from 10am to 1.30pm, the central bank said

A US court has dismissed a civil case filed by Bangladesh Bank against Manila-based bank Rizal Commercial Banking Corp, individuals and firms over $81-million cyber-hacking and money laundering case in 2016. Bloomberry Resorts Corp – parent firm of Solaire Resort & Casino operator

DHAKA: All Markets, super shops, shopping malls and retail shops across the country will remain closed from March 25 to 31 as a precautionary measure to contain coronavirus infection in the country. Bangladesh Shop Owners Association took the decision in a meeting this evening.

Global stock markets have sunk despite central banks around the world announcing a co-ordinated effort to ease the effects of the coronavirus. London's FTSE 100 index has fallen more than 6%, and other major European markets have seen similar falls. On Sunday, the US Federal

Asian stock markets fell sharply on Monday spooked by a major crash in oil prices and weak economic data. In Japan, the benchmark Nikkei 225 index fell more than 5% while in Australia, the ASX 200 slumped 7.3%, its biggest daily drop since 2008. Markets have been rattled by the

South Korean tech giant, Samsung and its partner Electra International have inaugurated a showroom at CSD, Dhaka Cantonment. The new flagship store will showcase all the latest cutting-edge innovations of Samsung, including Television, Refrigerator, Air Conditioner, Washing Machine,

DHAKA: The onion price will come down when new onions come into the market at the end of March, said agriculture minister Dr Abdur Razzak Mahmud Hossain. Onion will come into the market after 15 to 20 days. Then, problem will be solved immediately, added the minister. He said this

DHAKA: The High Court has issued a rule asking the authorities concerned to explain why the circular of Bangladesh Bank (BB) on 9 percent interest rate should not be declared illegal. The bench of Justice Abu Taher Md Saifur Rahman and Justice Md Zakir Hossain issued the rule on

DHAKA: A writ petition was filed on Sunday (Mar 01) challenging the legality of a circular issued by Bangladesh Bank setting lending rates on all loans except those on credit cards at 9 percent. Mahfuzur Rahman, a student law department of a university, filed the write petition, said

DHAKA: Retail consumers have to pay more on electricity from the next month as the Bangladesh Energy Regulatory Commission (BERC) has increased the prices by Tk 0.36 or 5.3 percent to Tk 7.13 per unit. Besides, the power tariff has been raised by 8.4 percent at wholesale levels. The