Business


Olympics more than games: Billion-dollar business with political overtones

Business —18 June, 2024 16:36

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…

Olympics more than games: Billion-dollar business with political overtones

Hakim elected IIGAB President, Junayed Secy Gen

Aminul Hakim and Ahmed Junayed have been elected as the new…

Hakim elected IIGAB President, Junayed Secy Gen
Petrodollar Pact Over: Saudi Arabia joining China-led central bank

Saudi Arabia's decision to join a China-dominated central bank…

Petrodollar Pact Over: Saudi Arabia joining China-led central bank

Eid-ul-Azha: Sales of sacrificial animals gaining momentum in capital

Eid-ul-Azha: Sales of sacrificial animals gaining momentum in capital

With just two days to go till Eid-ul-Azha, the sales of sacrificial animals in Dhaka's makeshift cattle markets (haats) gained momentum on Saturday. Though the sales started to increase…

Dhaka urges Azerbaijan to recruit Bangladeshi manpower

Dhaka urges Azerbaijan to recruit Bangladeshi manpower

Dhaka has urged Azerbaijan to recruit manpower from Bangladesh during the first round of Foreign Office Consultations (FOC) between Bangladesh and Azerbaijan. Foreign Secretary Masud…

Trade via Sonamasjid land port to remain closed for 7 days for Eid-ul-Azha

Trade via Sonamasjid land port to remain closed for 7 days for Eid-ul-Azha

Export-import between Bangladesh and India through Chapainawabganj's Sonamasjid land port will remain suspended for seven days beginning from Saturday on the occasion of the holy Eid-ul-Azha…

China-Bangladesh partnership to build 100MW solar power plant in Jamalpur

China-Bangladesh partnership to build 100MW solar power plant in Jamalpur

China's CREC International Renewable Energy and Bangladesh's state-owned B-R PowerGen Company have signed an agreement to jointly build a 100 MW solar power plant in Jamalpur's Madarganj…

US Fed pencils in one interest rate cut this year

US Fed pencils in one interest rate cut this year

The US Federal Reserve has signalled that it will cut its key interest rate just once this year despite inflation easing. Back in March, the central bank had been expected to reduce…

Budget has high hopes, low directions: Economists

Budget has high hopes, low directions: Economists

Economists at a discussion on Thursday called for a harmonised policy to address inflation control and maintain growth for a sustainable economy. They termed the proposed budget “…

WB projects modest GDP growth for Bangladesh: 5.7% in 2024-25, 5.9% by 2025-26

WB projects modest GDP growth for Bangladesh: 5.7% in 2024-25, 5.9% by 2025-26

The World Bank has projected Bangladesh's economic growth to slightly increase to 5.7% in the fiscal year 2024-25 and 5.9% in 2025/26, driven by a rise in private consumption and the…

Bangladesh can boost growth by investing in Women: IMF

Bangladesh can boost growth by investing in Women: IMF

Bangladesh has made major gains for its population, the world’s eighth largest with more than 170 million people. Per capita incomes, one of the best measures of broad economic…

AMTOB sees gap between Telecom Ministry and NBR

AMTOB sees gap between Telecom Ministry and NBR

Association of Mobile Telecom Operators of Bangladesh (AMTOB) said there is a wide gap between the government’s smart Bangladesh vision and the National Board of Revenue’s…

Local onion price follows its Indian counterpart 

Local onion price follows its Indian counterpart 

Prices of Indian onion have started to directly affect the onion prices in Bangladesh. The Indian press says that the price of onion in the market has increased by 50 percent in the…

Economists urge tightened monetary policy and reduction in money printing

Economists urge tightened monetary policy and reduction in money printing

Speakers at a post-budget discussion stressed the need for a tightened monetary policy and liberalisation of the exchange rate to combat inflation and address foreign exchange reserves.…

SME Foundation to provide another Tk 450cr in loans to entrepreneurs

SME Foundation to provide another Tk 450cr in loans to entrepreneurs

The Small and Medium Enterprise (SME) Foundation will provide another Taka 450 crore loans to the cottage, micro, small and medium enterprises (CMSMEs) under a government stimulus…

EU moves to hike tariffs on Chinese electric car imports, escalating trade spat

EU moves to hike tariffs on Chinese electric car imports, escalating trade spat

The European Union moved Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting…

UK economy fails to grow during wet April

UK economy fails to grow during wet April

The UK economy failed to grow in April after particularly wet weather put off shoppers and slowed down construction. The official data is what most economists had expected and comes…