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Business

Exports up 2% in July-May

Business —5 June, 2024 18:53

The country's export earnings witnessed a 2.01 percent growth in the first eleven months from July to May of the current fiscal 2023-24 (FY24) raising the…

Govt to procure 1 cargo LNG, 1 lakh MTs fertilizer, 6,000 MTs lentil

The government has approved separate proposals for procuring…

IATA calls for Bangladesh to clear $320m in airline funds blocked for 40 months

International Air Transport Association (IATA) has urged…

British bank accused of helping to fund terrorists

A British bank that escaped prosecution for money laundering carried out billions of dollars of transactions for funders of terrorist groups, US court papers allege. Standard Chartered,…

Rafeuzzaman elected TOAB president

Mohammad Rafuzzaman was elected president ofcountry's apex body of travel agencies, the Tour Operators Association ofBangladesh (TOAB) for the 2024-2026 term. Earlier on Saturday,…

Cenbank directs banks to comply with security instructions

Bangladesh Bank has found many banks are not complying with the instructions to ensure the security of bank outlets and branches. As a result, gold from bank lockers is disappearing…

BEA proposes Tk 11,95,486cr alternate budget

The Bangladesh Economic Association (BEA) today proposed a Taka 11,95,486 crore alternate national budgetfor the next fiscal year (FY25). BEA general secretary Dr Md Ainul…

Funding woes stall NTMC's censorship gear

The National Telecommunication Monitoring Center (NTMC) has faced a persistent funding shortfall over the past two years, hampering its efforts to procure equipment for filtering and…

BAJUS for special drive in South-Western districts to curb smuggling

Bangladesh Jeweller’s Association (BAJUS) has called upon the government to conduct a special drive in South-Western border of the country to curb the cross-border smuggling…

Govt fixes prices of rawhide ahead of Eid-ul-Azha

Ahead of the holy Eid-ul-Azha, the government today fixed the prices of the salt-applied rawhides of cows at Taka 55-60 per square foot in Dhaka and Taka 50-55 per square foot across…

Microsoft to invest $3.2 bn in AI in Sweden

Microsoft said Monday it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastructure in Sweden, its biggest investment in the…

'Next BIMSTEC Summit will have some significant outcomes'

Secretary General of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Indra Mani Pandey on Monday said a date has been proposed for the…

JPMorgan to grow India headcount by 5%-7% for next few years, senior exec says

JPMorgan Chase plans to grow its headcount in India by 5%-7% annually over the next few years, a senior executive told Reuters, as the Wall Street bank doubles down in one of the hottest…

OPEC+ seen prolonging oil cuts in 2024 and into 2025

OPEC+ will likely agree on Sunday to prolong its deep oil output cuts into 2024 and possibly 2025, two OPEC+ sources said as the group seeks to shore up the market amid tepid global…

$2.25 billion received in remittances in May, up 10.3% over April

Bangladeshi expatriates sent US $2.25 billion inward remittance in May, which brings good news amid the foreign exchange crisis. Bangladesh Bank's (BB) latest remittance update…

Sukuk Bonds’ auction on Wednesday for developing Upazila and Union roads of Chattogram

The government has decided to collect funds through ‘Sukuk Bond’ to develop the Upazila and Union Road network in the Chattogram Division. In line with this, the auction…

Ambassador Yao optimistic on Bangladesh-China FTA

China stands ready to work together with Bangladesh to announce the conclusion of the feasibility study of the Bangladesh-China free trade agreement (FTA) in the near future. "China…