Business


More cooperation sought among BIMSTEC economies

Business —12 July, 2024 20:29

The Bangkok declaration at the third Bay of Bengal Economic Dialogue has underscored the critical need for enhanced regional integration and cooperation…

More cooperation sought among BIMSTEC economies

Marriott’s Le Meridian Dhaka owner sent to jail in embezzlement case

Amin Ahmed, owner of Hotel Le Meridien Dhaka, a local unit of…

Marriott’s Le Meridian Dhaka owner sent to jail in embezzlement case
One Bangladeshi company signs six agreements in China

During Prime Minister Sheikh Hasina's official visit to China,…

One Bangladeshi company signs six agreements in China

Dhaka, Beijing announce FTA feasibility study completion

Dhaka, Beijing announce FTA feasibility study completion

Bangladesh and China on Wednesday announced seven outcmes, including that conclusion of joint feasibility study on Bangladesh-China Free Trade Agreement (FTA). Other announced outcomes…

Bank Asia initiates acquisition of Bank Alfalah local unit

Bank Asia initiates acquisition of Bank Alfalah local unit

Bank Asia, a leading private sector bank, has commenced the process of acquiring the Bangladesh operations of Pakistan-based Bank Alfalah. This marks the third foreign bank acquisition…

Hasina seeks AIIB support to build developed Bangladesh by 2041

Hasina seeks AIIB support to build developed Bangladesh by 2041

Prime Minister Sheikh Hasina today called for cooperation of the Asian Infrastructure Investment Bank (AIIB) to transform Bangladesh into a developed, prosperous and smart country…

Bangladesh’s GDP growth 6.12% in first quarter

Bangladesh’s GDP growth 6.12% in first quarter

Bangladesh's gross domestic product (GDP) grew to 6.12 percent in the third quarter (January-March) of the fiscal year 2023-24, according to the Bangladesh Bureau of Statistics (BBS).…

Bangladesh to proceed with Nepal power trade agreement

Bangladesh to proceed with Nepal power trade agreement

The Bangladesh Power Development Board (BPDB) has corresponded with Nepal Electricity Authority (NEA), calling to proceed with the signing of a power trade agreement. The Bangladeshi…

BB introduces 'exit policy' to recover default loans

BB introduces 'exit policy' to recover default loans

Bangladesh Bank has formulated a new 'exit policy' aimed at expediting the recovery of defaulted loans. This policy allows both defaulters and non-defaulting business customers to…

EPB to coordinate with BB, NBR for accurate export data publication

EPB to coordinate with BB, NBR for accurate export data publication

The Export Promotion Bureau (EPB) has decided to overhaul its export data collection system following the revelation of significant discrepancies in reported export volumes.  The…

South Korea Samsung workers start strike

South Korea Samsung workers start strike

Workers at South Korean tech giant Samsung began a general strike Monday, the head of a union representing tens of thousands of employees told AFP, after talks with management broke down. "The strike has started from today," Son Woo-mok, head of the National Samsung Electronics Union, told AFP, adding that a major rally was scheduled later in the day.

Food inflation rises to 10.42% in June

Food inflation rises to 10.42% in June

Bangladesh's point-to-point food inflation slightly declined to 10.42 percent in June 2024, down from 10.76 percent in May 2024, according to data from the Bangladesh Bureau of Statistics…

NBR, EPB blamed for discrepancies in export data

NBR, EPB blamed for discrepancies in export data

Bangladesh Bank (BB) in an explanation of its actions erasing billions of dollars from the country's export earnings account has said the National Board of Revenue (NBR) and the Export…

BTMA urges govt to withdraw decision on reducing cash incentives

BTMA urges govt to withdraw decision on reducing cash incentives

Bangladesh Textile Mills Association (BTMA) president Mohammad Ali Khokon today urged the government to withdraw the decision of reducing cash incentives for them and thus continue…

New UK government faces tough economic challenge

New UK government faces tough economic challenge

Britain's new Labour government has pledged immediate action to grow the economy after clinching a landslide election victory to oust the Conservatives, but its task could be hampered…

New directive comes on austerity in public expenditure

New directive comes on austerity in public expenditure

The government on Thursday directed all the ministries, divisions, subordinate departments, directorates, offices, autonomous bodies, public sector corporations and state-owned companies…

Grameenphone to face maximum Tk3 billion penalties for call drops

Grameenphone to face maximum Tk3 billion penalties for call drops

Grameenphone, a joint venture of Telenor and Grameen Telecom of Dr Muhammad Yunus, is likely to face fine of maximum Tk3 billion if the mobile network operator fails to address the…