News Category : Business and Trade

Johnson & Johnson shares drop after asbestos report

Shares in Johnson & Johnson plunged more than 10% on Friday, after Reuters reported that the US pharmaceutical giant had known about asbestos tainting its talcum powder for

Bangladesh is tourism sector has grown with the pace of the country is economic growth in the past decade

Bangladesh's tourism sector has grown with the pace of the country's economic growth in the past decade, as more and more people are having sizeable disposable income.In the past

Asian markets enjoyed more gains yesterday pound faces pressure

Asian markets enjoyed more gains yesterday as investors are cheered by the more conciliatory noises from China and the US on trade, while uncertainty over Brexit continued to

Bid to weed out hazardous child labour by 2020

The government has taken up a Tk 284 crore project to lift one lakh children out of hazardous form of labour by 2020 with a view to brightening the country's image, said a top

BTCL is WiMax gamble

State-run Bangladesh Telecommunications Company Limited is set to get the licence for the globally obsolete technology WiMax, in what can be viewed as a naïve gamble seeing the

Bashundhara Tissue wins best tissue brand award

Bashundhara Tissue, a brand of the country’s leading business conglomerate Bashundhara Group, has won best tissue brand for its premier quality given by Bangladesh Brand

Mideast stocks eke out some gains at opening

Mideast stocks pared gains in early trading on Sunday, while Saudi Arabian Mining Company (Ma aden) helped Saudi Arabia s stock index, but Dubai s market remained flat.

Major scams cost banks Tk 22502cr CPD

Scams in 14 banks cost Tk 22,502 crore in the past decade, which is about four-fifth the project cost for Padma bridge and two-fifth of Sonadia deep-sea port, according to a

Two international Biman flights land late at Dhaka airport

Two international flights of Biman Bangladesh Airlines have failed to meet their arrival schedules at Hazrat Shahjalal International Airport (HSIA) in Dhaka on Saturday.

Prices of most commodities remain unchanged

Prices of most of the essential commodities remained unchanged while prices of some of the items decreased in the city’s kitchen markets over the week ending Friday. Vegetables

U.S. stock futures slip, Asia follows after Canada arrests Huawei CFO

U.S. stock futures and Asian shares tumbled on Thursday after Canadian authorities arrested a top executive of Chinese tech giant Huawei for extradition to the United States,

Deloitte, worlds largest professional services firm, enters Bangladesh

Deloitte, the largest professional services firm in the world with its presence in more than 150 countries, has established a presence in Bangladesh. They will offer a diverse

Banglalink introduces new number series ‘014’

Mobile-phone operator Banglalink has launched its new number series ‘014’. Regulator BTRC’s Acting Chairman Jahurul Haque made the first call from a ‘014’ number to

Government focuses more on trade diplomacy, says PM Hasina

The Awami League government is focusing more on economic diplomacy than the political one, said Prime Minister Sheikh Hasina. Hasina spoke during the inaugural ceremony of

India’s success in ease of doing business index shows Bangladesh can do it: BIDA chief

The chief of the Bangladesh Investment Development Authority (BIDA) has said India’s stunning success in the ease of doing business ranking indicates that Bangladesh can also

General Electric seeks urgent asset sales to cut debt: CEO

General Electric Co is pursuing assets sales with “urgency” to reduce its high debt and is unsure when its ailing power business will hit bottom, Chief Executive Officer Larry

Kazakhstan invites Bangladeshi businesses to cash in on its economic growth

The newly appointed Ambassador of Kazakhstan to Dhaka, who is based in Islamabad, Barlybay Sadykov, has invited Bangladesh businesses and entrepreneurs to visit Astana to take

PM Hasina spurs exporters to find new markets

Prime Minister Sheikh Hasina has emphasised the need to diversify products and find new markets to boost export earnings. Hasina spoke at the inauguration of an international

Philip Morris accused of hypocrisy over anti-smoking ad

One of the world is biggest tobacco firms, Philip Morris, has been accused of "staggering hypocrisy" over its new ad campaign that urges smokers to quit, reports BBC. The Marlboro

PRAN displaying over 500 products at SIAL food fair

PRAN is displaying over 500 products at the SIAL Food Fair in Paris. The five-day fair at the Nord Villepinte Exhibition Centre, which features 7,000 exhibitors from 109

EU to sign trade deal with Singapore, avoid criticising China

The European Union was set to sign a trade deal with Singapore on Friday after talks with Asian leaders keen to push back against US protectionism, but efforts to encourage China

Robot market growth slows as trade war hits industrial spending: Robot industry group chief

An escalating trade war between the United States and China has dampened manufacturers’ appetite for investment in equipment, causing growth in the industrial robot market to

MGH gets ‘India’s Greatest Brand 2017-18’ award

The MGH Group has been presented with the ‘India’s Greatest Brands – 2017-18’ award. The ‘India’s Greatest Brands & Leaders’ awards are among India’s most

JP Morgan and Ford cancel plans for Saudi investor event

JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford cancelled plans to attend a Saudi investor conference, the companies said on Sunday, the

Egg is now a Tk 115 billion market in Bangladesh

The production of egg, the most common source of protein for the poor, has increased threefold in a decade, driving the size of the market in Bangladesh to Tk 115 billion. The

India to raise import tariffs on electronic and communication items

India said on Thursday it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee. The

World Bank approves $515m for three Bangladesh projects

The World Bank has approved $515 million for three projects in Bangladesh to improve coastal and marine fisheries, forest management, and rural roads.

Govt removes two directors from Janata Bank

The government has fired two directors from the Janata Bank which is buckling under a huge amount of default loans.

Grameenphone manager detained over illegal sale of corporate SIMs

The RAB has detained a Grameenphone marketing official and a distributor for selling corporate SIMs registered under the names of various institutions.

Cabinet clears draft gold policy to stop smuggling

The cabinet has approved a draft gold policy to stop smuggling by allowing import of the precious metal through authorised dealers. The absence of a policy meant there was no

BIDA chief asks private sector to take lead role in transforming Bangladesh

Kazi M Aminul Islam, Executive Chairman of Bangladesh Investment Development Authority, speaking at a discussion jointly organised by the Canada Bangladesh Chamber of Commerce and

Bangladesh to hold talks with Emirates National Oil for LPG terminal

Bangladesh will hold talks with Dubai-based Emirates National Oil Company or ENOC to set up an liquefied petroleum gas or LPG terminal in the country, a Dhaka-based official said

Musk to resign as Tesla chairman, remain as CEO after fraud case settlement

Tesla Inc and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company's chairman but remain as chief executive,

Bangladesh sends essential medicines to Bhutan as promised by Hasina

Bangladesh has sent the first consignment of essential medicines to Bhutan as committed by Prime Minister Sheikh Hasina. Officials from the Bhutanese embassy in Dhaka and their

Trump’s tariffs may hurt, but quitting China is hard to do

Factory workers at the end of their shift in Phnom Penh, Cambodia, July 27, 2018. Companies are reconsidering where to put their factories as the trade war between the United

Bangladesh hit record 7.86pc GDP growth

Bangladesh has posted the highest-ever 7.86 per cent GDP growth in 2017-18 financial year, well surpassing the estimated growth of 7.65 per cent. The per capita income increased

Visa, Mastercard reach $6.2 billion settlement over card-swipe fees

Visa Inc, Mastercard Inc, and a number of US banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they

Stockmarket is a way to fund big projects, says Hasina

Prime Minister Sheikh Hasina has stressed the need to strengthen the stockmarket to fund big projects. “I urge everyone related to the capital market and the BSEC to ensure

Novoair launches online check-in service

Mofizur Rahman, managing director of Novoair, inaugurates mobile application and web check-in services at a press meet held in Kurmitola Golf Club in the capital yesterday. Among

Cabinet clears policy to promote locally made motorcycles

The file photo shows motorcycles of Runner Automobiles Ltd, a local automobile giant, are on display at a showroom in the capital. The Cabinet yesterday approved the draft of the

China plans bullet train to Kolkata via Bangladesh

Chinese Consul General in Kolkata Ma Zhanwu on Wednesday said his country was mooting a bullet train service between Kunming and Kolkata, traversing through Myanmar and

ECNEC approves selected madrasha development project with Tk 5,919cr

The Executive Committee of the National Economic Council (ECNEC) today approved the selected madrasha development project with an estimated cost of Taka 5,918.63 crore in a bid to

US companies in China say tariffs are hurting

The trade spat between Washington and Beijing has negatively impacted 60 percent of US firms in China, a survey has found. The majority of American companies in China say they are

Keeping international students in arbitrary immigration target is wrong decision, say British firms

UK firms will be “bitterly disappointed” that the government’s official advisory body on migration has not backed removing overseas students from official migration

SSE shares plunge as it warns profits will be Significantly lower due to Ofgem price cap

Provider blamed higher gas prices and warm, dry weather for reduced profits. SSE has blamed the better-than-expected weather this year for an anticipated £190m hit to profits in

UK Manufacturing Growth Slows to 2-Year Low as Exports Falter

Manufacturing production also rose at the slowest pace in 17 months, while both input and output prices increased.U.K. manufacturing growth unexpectedly slowed to the weakest in

Factories in China is Industrial Heartland Contracting, PMI Shows

Guangdong, with an economy as large as Australia’s, is a major manufacturing hub and accounts for almost a third of China’s exports. Factories in China’s largest regional

Trump Tariffs Spark Industry Campaign to De-Escalate Trade War

Trade groups for manufacturers, farmers, others are banding together. Trade associations representing farmers, retailers and manufacturers are joining forces in a new

How did the financial crisis affect your finances ?

Ten years after the financial crisis, and the shockwaves are still being felt on people is finances. Personal debt levels are at record highs and our banks are fast disappearing

Citi holds forum on Belt and Road Initiative

M Abul Kalam Azad, principal coordinator for SDGs Affairs at the Prime Minister is Office; Zhang Zuo, China is ambassador, and N Rajashekaran, managing director and Citi country

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