Business

The government has ordered to shut mobile internet services as violence centering non-cooperation movement of the Anti-Discrimination Students’ Movement spread to the country. “A direction to stop 4G services came to us,” a top official of mobile phone operator informed this to media on Sunday. It was learned that after 1pm on Sunday, all mobile operators have shut mobile internet ...

Stock markets were hit by a global sell-off on Friday as weak US jobs growth stoked fears of a sudden downturn in the world’s largest economy. The tech-heavy Nasdaq index dropped by more than 2.4%, dragged lower by Intel and Amazon, after the companies reported disappointing results. Official data showed employers added 114,000 jobs in July, far fewer than expected, ...

Remittance inflow in the country declined 3.2 per cent to $1.91 billion in July compared to the same period last year. In July last year, remittance receipts were $1.97 billion, according to the Bangladesh Bank spokesperson Mezbaul Haque Remittance inflows and import LC openings declined over the past week as banks could not collect the money sent home by the ...

After a 18-day closure, movement of short-distance trains resumed on Thursday (August 1). Centering the Quota Reform Movement, the operation of passenger and goods-laden trains was suspended on July 18. The commuter and local train services from several big cities, including Dhaka, Chattogram, Rajshahi and Khulna, to neighbouring short-distance areas resumed on Thursday. On Thursday (August 1) morning, the Dewanganj commuter train ...

HSBC Holdings reported a slight decline of 0.4 per cent in first-half profit on Wednesday but still beat analyst estimates, as its businesses benefited from higher interest rates worldwide while robust growth in its wealth business boosted revenue. Europe’s largest bank posted pre-tax profit of $21.6 billion for the first six months this year versus $21.7 billion a year earlier, ...

Chancellor Rachel Reeves has defended her decision to scrap winter fuel payments for around 10 million pensioners. She told the BBC she had found a “black hole” in the public finances and “had to act” to “fix the mess”. But a former pensions minister said she was “shocked” by the decision to restrict the fuel payments. Ms Reeves has accused ...

Bangladesh Bank (BB) has re-fixed the duration of interbank transactions with effect from Wednesday. From now on, high-value clearing cheques presentment cut-off time will be 12pm while the return cut-off time will be 3pm, as per a BB notification issued Tuesday. The return value clearing cheques presentment cut-off time will be 12:30pm while the return cut-off time will be 5pm. ...

Banks have increased the price of US dollar up to Tk119.40 after getting central bank instruction to rate hikes to lure more remittance in the legal channel. Over a dozen banks increased the US dollar exchange rate on Monday (July 29) for remittance, while the flow of expatriate remittances saw a downfall since the last week of this month. Bank ...

McDonald’s has said it is reconsidering its pricing, after cost-conscious customers spent less at the chain in the three months to the end of June. Sales at stores open at least a year slipped by 1% at the fast food giant compared with a year ago, marking the first drop since the pandemic. The decline came despite the company unleashing ...

Revenue collection by the National Board of Revenue (NBR) witnessed a healthy 15.40 percent growth in the last fiscal year (FY24) bagging Taka 3,82,562 crore. Although the revenue collection witnessed growth in the last fiscal, but it still fell behind the revised fiscal revenue collection target of Taka 4.10 lakh crore, according to the latest data of the revenue board. ...