Business
Bangladesh sees highest LC openings in almost 2 years in May: Here’s why
Business —24 June, 2024 15:55
Bangladesh witnessed its highest Letter of Credit (LC) openings in 23 months, amounting to US $6.83 billion in May 2024, amid an ongoing foreign exchange…
Govt asks Matiur not to join Sonali Bank's board meeting
The government has instructed Matiur Rahman, who has come into…
Bangladesh receives $900m WB financing to increase economic, urban resilience
The World Bank (WB)'s Board of Executive Directors yesterday…
BIMSTEC Secretary General emphasizes regional collaboration for inclusive digital landscape
Ambassador Indra Mani Pandey, Secretary General of BIMSTEC, on Saturday stressed the need for collaboration among Member States for promoting an open, safe and inclusive digital…
Hasina urges Indian businesses to invest in Bangladesh
Prime Minister Sheikh Hasina has invited Indian businessmen to come up with investment in Bangladesh, saying that she priorities all neighbouring countries for it. "You (Indian businessmen)…
BD to get third chunk of IMF loan next week
The disbursement of the third tranche of the International Monetary Fund (IMF) loan proposal will be presented on June 24 at the next executive council meeting. If approved, Bangladesh…
South Korea summons Russian ambassador as tensions rise with North Korea
South Korea summoned the Russian ambassador to protest the country's new defense pact with North Korea on Friday, as border tensions continued to rise with vague threats and brief,…
Japan inflation ticks up in May to 2.5%
The pace of Japanese inflation accelerated in May partly due to higher energy bills, government data showed Friday, as analysts speculate on the timing of the Bank of Japan's next…
US to ban Kaspersky amid security concern
The US has announced plans to ban the sale of antivirus software made by Russian firm Kaspersky due to its alleged links to the Kremlin. Moscow's influence over the company was found…
Forex reserves increase to over $19 billion due to Eid festival
Bangladesh's foreign exchange reserves rose by US $318 million in the span of a week to hit $19.53 billion on June 19. Bangladeshi expatriates have sent about $1.65 billion as remittances…
Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall
The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25%, even though inflation has fallen to its target of 2%. In a statement, some policymakers on the…
Boeing MAX crash victims seek nearly $25b fine in US
Families of Boeing 737 MAX crash victims on Wednesday asked US authorities to impose a fine of up to $24.8 billion on the aviation giant and proceed with criminal prosecution. The…
UK's inflation falls to lowest level in almost three years
Inflation has hit the Bank of England's target for the first time in almost three years. Prices rose at 2% in the year to May, down from 2.3% the month before, official figures show.…
Nvidia CEO's net worth soars to $119 billion
Jensen Huang- Nvidia's CEO- is now the 11th richest person in the world as his net worth increased by more than $4 billion, reports Hindustan Times. This is his highest ranking yet…
Olympics more than games: Billion-dollar business with political overtones
The Paris Olympics involve about 10,500 athletes from 200 countries or regions. But the Olympics are more than just fun and games. They are a giant business that generates billions…
HK bourse to keep trading through severe weather
Hong Kong's stock exchange will continue trading through typhoons and heavy storms from September, the city's leader announced Tuesday. The bourse in the international finance hub…
Chinese Premier Li toasts warming trade ties in Australia
Chinese Premier Li Qiang mixed a dash of "panda diplomacy" with a visit to a historic vineyard on Sunday to celebrate a thaw in once-icy trade ties with Australia. The highest ranking…