Business and Trade

Salman urges OIC states to step up investment

The Prime Minister’s adviser on private industries and investment, Salman F Rahman, urged all member countries of the Organisation of Islamic Cooperation (OIC) to increase

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Tipu for ensuring workplace safety for garment workers

Commerce Minister Tipu Munshi yesterday urged owners of the garment factories to ensure workplace safety along with increasing others facilities to make apparel sector

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GP urges BTRC to withdraw ‘illegal’ audit demand

Grameenphone Ltd on Tuesday in a letter to the Bangladesh Telecommunication Regulatory Commission (BTRC) labelled the regulator’s recent audit demand of Tk 12,579.95 crore as

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Commerce minister for Bangladesh, Canada business forum

Commerce Minister Tipu Munshi yesterday underscored the need for setting up a forum to boost communication between the businessmen of Bangladesh and Canada. “If such a forum is

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Emirates envoy for increasing trade with Bangladesh

Ambassador of United Arab Emirates (UAE) to Bangladesh Saed Mohammed Al Muhairi yesterday called on state minster for shipping Khalid Mahmood Chowdhury at his secretariat office

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Uber reveals strong growth, huge losses ahead of IPO

Uber is providing a look under the hood of its business in the lead-up to its hotly anticipated debut on the stock market, revealing strong growth but an ongoing struggle to

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Jet Airways cancels international flights as crisis deepens

Jet Airways appears to have suspended all its international flights, raising fresh fears about the Indian airline's survival. This comes after the carrier on Thursday grounded 10

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Bangladesh ensures its stake in fourth industrial revolution

Posts, telecommunications and information technology minister Mustafa Jabbar yesterday said Bangladesh has ensured its stake in world’s “fourth industrial revolution” being

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Online business booms ahead of Pahela Baishakh

With Pahela Baishakh, the largest non-religious festival of Bangladesh, approaching, e-commerce sites and F-commerce pages are having a busy time. Targeting the Bangla New Year,

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Bangladesh wins WSIS award

Bangladesh has won the world’s prestigious award in ICT sector – ‘World Summit on Information Society (WSIS) Prize-2019’ for its outstanding contribution to the

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Bangladesh to become ‘preferred destination’ for Swiss businesses

Switzerland has said Bangladesh will become a "more preferred destination" for Swiss businesses in the future with further improved infrastructures and energy supply, regulatory

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ECNEC to consider Indian Economic Zone project

The government is undertaking a big project to establish Indian Economic Zone at Mirersarai in Chattogram involving Tk 919.85 crore in a bid to attract more Indian investors in

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Turkey keen to establish medicine plants in Bangladesh

Turkish Deputy Minister for Health Dr Emine Alp Mese yesterday called on Health and Family Welfare Minister Zahid Maleque, expressing his country’s interest to establish

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Nissan shareholders sack ex-chief Ghosn

Nissan shareholders voted Monday to eject Carlos Ghosn from the board, as the detained former chairman fights multiple financial misconduct charges that have landed him in

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Scandal-hit Korean Air chairman dies at 70, shares soar

The head of South Korea's flag carrier Korean Air --- whose family have been embroiled in multiple scandals including an infamous "nut rage" tantrum -- has died, the airline said

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Govt loses Tk 2,000cr revenue annually

The illegal trade of cigarette products is reportedly causing losses of the annual revenue of an estimated Tk 2,000 crore, which is about 10 per cent of the total revenue earning

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Prices of essentials higher ahead of Pahela Baishakh

The prices of hilsa and other fish, chicken, beef and mutton increased in the retail markets in the capital Dhaka over the week ending yesterday as demand of hilsa fish rose for

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Huawei P30 series to hit local market

Huawei’s most advanced series of smartphone, the P30 series with super sensing Leica quad camera is about to be unveiled in Bangladeshi market soon, the company said in a press

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Voting underway in BGMEA election

The election to Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for 2019-21 is underway on Saturday. The voting started at the BGMEA Bhaban in Karwan Bazar at 8

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BD likely to see fastest economic growth in Asia: ADB

Bangladesh’s economy is likely to see the fastest growth in Asia and the Pacific, a new Asian Development Bank (ADB) report said Wednesday.

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GDP growth to hit 8pc in FY19-20: ADB

Bangladesh’s economy will grow at 8 percent in 2019-20 fiscal, according to the Asian Development Outlook 2019 released here on Wednesday.

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DCCI for separate SME bank

Dhaka Chamber of Commerce and Industry (DCCI) yesterday made a demand to set up separate bank for the flourishing of country’s Small and Medium Enterprises (SME).

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TCB commodity sale for Ramadan begins April 22

The state-owned Trading Corporation of Bangladesh (TCB) will start commodity selling at subsidized rate across the country from April 22 on the occasion of the holy Ramadan

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Stern action if anyone takes e-BIN thru false info

The National Board of Revenue (NBR) Chairman Md Mosharraf Hussain Bhuiyan yesterday said that stern action would be taken against those who makes VAT registration or takes

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BAPI re-elects president, general secretary

Nazmul Hassan and Shafiuzzaman were re-elected as president and general secretary of Bangladesh Association of Pharmaceuticals Industries, respectively, for the year 2019-21, a

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Boeing must do more work on proposed 737 fix: US regulator

Boeing must perform more work on a proposed fix to its 737 MAX aircraft before it can be submitted for review, US officials said Monday, suggesting the planes could stay grounded

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US-Bangla Airlines launches Dhaka to Chennai flights

US-Bangla Airlines, one of the leading private airlines of the country on Sunday has launched direct flights from Dhaka to Chennai of India.

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Bangladesh sees lowest debt-GDP ratio in world

Finance Minister AHM Mustafa Kamal yesterday said the country’s debt to gross domestic product (GDP) ratio is one of the lowest in the globe, an indicative of economic

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Lack of access to finance still main impediment

Access to finance is still the main obstacle for women-led small and medium enterprises as banks hesitate to lend to SMEs run by women. Women entrepreneurs complain that despite

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Cancer-causing chemical found in J&J shampoo

Consumer healthcare giant Johnson & Johnson has run into fresh trouble, with drug controllers in Rajasthan finding a cancer-causing substance in its 'No More Tears' baby shampoo,

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Boeing unveils fix to flight system after deadly crashes

Embattled aviation giant Boeing pledged Wednesday to do all it can to prevent crashes like the two that killed nearly 350 people in recent months, as it unveiled a fix to the

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NBR plans to introduce bond automation system

The National Board of Revenue (NBR) plans to introduce a system to prevent the open market sale of items imported under bond facilities. The revenue collection authority’s

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Chinese entrepreneurs urged to invest in Bangladesh

Dhaka Chamber of Commerce and Industry (DCCI) yesterday urged Chinese entrepreneurs to come up with investment in Bangladesh’s machineries manufacturing sector. DCCI made the

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US-Bangla adds brand new ATR 72-600

US-Bangla airlines, one of the country’s private carriers, yesterday added a brand new 72-seat turboprop ATR 72-600 aircraft as part of its plan to increase flight frequency on

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Chinese entrepreneurs urge to invest in Bangladesh

Dhaka Chamber of Commerce and Industry (DCCI) today (March 25) urged Chinese entrepreneurs to come up with investment in Bangladesh’s machinery manufacturing sector.

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Price fall in large-cap drives stocks down

Stocks closed on Sunday of the week with downward trend due mainly to price fall in large-cap securities. The falling major sectors were bank and insurance. A total of 154

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Garuda to cancel 49-jet Boeing 737 deal after crashes

Indonesia’s national carrier Garuda has told Boeing it will cancel a multi-billion-dollar order for 49 Boeing 737 Max 8 jets after the model was involved in two fatal crashes.

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Mahathir suggests tax breaks to attract foreign investors

Malaysian Prime Minister Dr Mahathir Mohamad said that he had offered tax holidays to foreign investors for two decades while sharing the “secret” of Malaysia’s economic

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ePassports set to be on roll in June

Bangladesh is planning to start the distribution of digital passports, also known as ePassports, as early as June this year to ease immigration activities.

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Warner Bros chairman-CEO resigns after sexual impropriety allegations

The Warner Bros chairman-CEO, Kevin Tsujihara, has resigned after allegations of sexual impropriety. The 54-year-old has been embroiled in controversy since the Hollywood Reporter

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Bio-pesticide for safe food production stressed

Substantial and sustainable promotion of bio-pesticide is very crucial for producing safe food side by side with protecting soil health from further degradation.

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Bangladesh to focus on more trade: Shahriar

State Minister for Foreign Affairs M Shahriar Alam on Saturday said Bangladesh will engage with the world in a bigger way doing everything on diplomatic fronts to take the country

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Invest in local automobile industry

Industries Minister Nurul Majid Mahmud Humayun yesterday called upon the young entrepreneurs to invest in motor car manufacturing industry to develop the country’s automobile

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US Trade Show kicks off in city

Dhaka: The 26th US Trade Show, 2019 began on Thursday at Pan Pacific Sonargaon Hotel in the capital.

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Consequent crashes concern CAAB about Boeing’s MAX-8 craft

The consequent two crashes of Boeng’s newly introduced 737 MAX 8 aircraft in the past five months claiming nearly 350 lives concerned Bangladesh’s Civil Aviation Authority

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RCBC’s case not to create problem: BB

Bangladesh Bank (BB) Governor Fazle Kabir today (Wednesday) said the defamation lawsuit, filed by Philippines’ Rizal Commercial Banking Corporation (RCBC) against the central

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Bangladesh signs 2 deals; 4 MoUs with KSA

Bangladesh and the Kingdom of Saudi Arabia (KSA) on Thursday signed two agreements and four MoUs for the development of various sectors of Bangladesh including power, and

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63 jute mills remain inoperative: Minister

Sixty-three jute mills in Bangladesh remained inoperative, textiles and jute minister Golam Dastagir Gazi told the Parliament on Tuesday.

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Leather sector in doldrums, no new investment in sight

The leather industry has been struggling to attract new investments even though the government had designated leather ‘Product of the Year 2017’.

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WB okays $185mn to expand renewable energy generation in Bangladesh

The World Bank has approved $185 million to add up to 310 Megawatt (MW) in renewable energy generation capacity in Bangladesh and mobilize private sector participation to meet the

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