Business


Chinese firm to invest $19.53m in Mongla EPZ

Business —2 December, 2024 19:11

Bangladesh BaoRui Textile Co. Ltd., a Chinese company, is set to invest US$ 19.53 million in Mongla Export Processing Zone (Mongla EPZ) to establish a composite…

Chinese firm to invest $19.53m in Mongla EPZ

BB provides Tk 22,500cr liquidity support to banks

The Bangladesh Bank (BB) has provided Tk 22,500 crore in liquidity…

BB provides Tk 22,500cr liquidity support to banks
Economy gradually recovering after July-August movement: MCCI

The Metropolitan Chamber of Commerce and Industry (MCCI) has…

Economy gradually recovering after July-August movement: MCCI

Teletalk launches trial online SIM service

Teletalk launches trial online SIM service

Teletalk Bangladesh Limited, the country’s sole state-owned mobile operator, has launched its trial online SIM service.The service started on Wednesday as part of a commercial…

Malaysia requested for supplying palm oil ahead of Ramadan

Malaysia requested for supplying palm oil ahead of Ramadan

Bangladesh has requested Malaysia to take necessary measures as early as possible to supply refined palm oil to Bangladesh through the Trading Corporation of Bangladesh (TCB) under…

Local firms can tie up globally for LNG supply

Local firms can tie up globally for LNG supply

Local companies now have the opportunity to collaborate with prospective international spot suppliers through joint ventures to ensure a steady supply of LNG to Petrobangla, fostering…

Nasreen Awal appointed Mongolia’s Honorary Consul General

Nasreen Awal appointed Mongolia’s Honorary Consul General

Nasreen Fatema Awal, a renowned businesswoman and the founding president of the Women Entrepreneurs Association of Bangladesh (WEAB), has been appointed as the Honorary Consul General…

BIDA chief invites Chinese investors in post-US election landscape 

BIDA chief invites Chinese investors in post-US election landscape 

  Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashik Mahmud Bin Harun has invited China-based manufacturers to invest in Bangladesh in the wake…

DSE index marked downward trend last week

DSE index marked downward trend last week

Bangladesh's stock market showed a downward movement last week as it lost 130.75 points and stable market to level 5198. The percentage change for the broad index was 1.70 percent.…

ATAB, Beijing tourism bureau ink MoU

ATAB, Beijing tourism bureau ink MoU

The Association of Travel Agents of Bangladesh (ATAB) and the Beijing Culture and Tourism Bureau today signed a Memorandum of Understanding (MoU) in Beijing to promote bilateral tourism…

US charges billionaire Gautam Adani for bribery

US charges billionaire Gautam Adani for bribery

An Indian businessman who is one of the world’s richest people has been indicted in the US on charges he duped investors by concealing that his company's huge solar energy project…

BB issues guidelines for JV business operations in Bangladesh

BB issues guidelines for JV business operations in Bangladesh

Bangladesh Bank (BB) has issued guidelines for operations of business in Bangladesh by Joint Ventures or Consortiums or Associations (JVCA) having foreign partner (s) in order to make…

Moody's downgrades six local banks

Moody's downgrades six local banks

Global rating agency Moody's has revised its ratings for six Bangladeshi banks, citing concerns over the country’s recent sovereign downgrade. The banks affected are BRAC Bank,…

First Security Islami Bank withdraws 194 officials over fraudulent loans to S Alam Group

First Security Islami Bank withdraws 194 officials over fraudulent loans to S Alam Group

First Security Islami Bank (FSIB) has taken decisive action against officials implicated in money laundering and issuing fraudulent loans to S Alam Group. The bank has withdrawn 194…

Ctg port sees 9% growth  in container handling in last 3 months

Ctg port sees 9% growth in container handling in last 3 months

A higher volume of containers and cargos were handled at the Chattogram port in the last three months from August to October. Container handling at Chittagong port had increased by…

Moody's Outlook downgrades Bangladesh's credit rating to B2

Moody's Outlook downgrades Bangladesh's credit rating to B2

The global credit rating agency Moody's Ratings has downgraded Bangladesh's long-term rating to B2 from B1. The rating outlook has been changed to "negative" from "stable" earlier…

Bangladesh receives over $1b remittance in 16 days in Nov

Bangladesh receives over $1b remittance in 16 days in Nov

Bangladesh has received US $1.123 billion in remittance in 16 days of November. According to the Bangladesh Bank (BB) data, in the first 16 days of November, expatriate income came…