Business
Bangladesh and China agree on local currency in bilateral trade
Business —11 July, 2024 16:55
Bangladesh and China have agreed to enhance cooperation in financial regulation, and encouraged increased use of local currency settlement in bilateral…
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Bank Asia initiates acquisition of Bank Alfalah local unit
Bank Asia, a leading private sector bank, has commenced the…
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Hasina seeks AIIB support to build developed Bangladesh by 2041
Prime Minister Sheikh Hasina today called for cooperation of…
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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…
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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…
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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…
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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.
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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…
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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…
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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…
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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…
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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, 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…
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Chinese company to invest $21.85m in BEPZA EZ
Chinese company Unicorn Handbag Limited is going to invest $21.85 million to set up a carry bag and luggage manufacturing industry in BEPZA Economic Zone. Bangladesh Export Processing…
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Govt to procure one cargo LNG from American firm
The Cabinet Committee on Government Purchase (CCGP) on Wednesday approved separate proposals for procuring one cargo LNG from American company, Excelerate Energy and 70,000 metric…
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American Chamber for promoting digital payments
American Chamber of Commerce in Bangladesh (AmCham) has urged the government for promoting digital payments from policy level to realize Smart Bangladesh vision. “We strongly…