Business
Pran Group bags seven national export trophies
Business —14 July, 2024 16:07
The Pran Group got seven national export trophies, including three gold for its 'outstanding' contribution in the export segment for the fisca year 2021-22.…
Excelerate’s FSRU returns to Bangladesh after repairs
Excelerate Energy’s 138,000-cbm FSRU Summit LNG has returned…
Diesel import from Indian Numaligarh Refinery approved
The government has approved the purchase proposal to procure…
Bangladesh and China agree on local currency in bilateral trade
Bangladesh and China have agreed to enhance cooperation in financial regulation, and encouraged increased use of local currency settlement in bilateral trade, according to a joint…
Marriott’s Le Meridian Dhaka owner sent to jail in embezzlement case
Amin Ahmed, owner of Hotel Le Meridien Dhaka, a local unit of American hotel chain Marriott International, has been denied bail and sent to jail in a case involving the embezzlement…
One Bangladeshi company signs six agreements in China
During Prime Minister Sheikh Hasina's official visit to China, a Bangladeshi company, Billion 10 Communications and it's sister concern EB Solutions signed six agreements, securing…
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, 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
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 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
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
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
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
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
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
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
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…