The government has approved seven separate proposals under which it would procure some 12,500 metric tons (MT) of sugar from the USA.   The decision was made today (May 17) from the 17th meeting of the Cabinet Committee on Government Purchase (CCGP) this year held virtually with

Tesla Inc CEO Elon Musk has said that the company can make no new hires unless he personally approves them, according to a copy of the email seen by Reuters. “No one can join Tesla, even as a contractor, until you receive my email approval,” Musk said in the email on

Commerce Minister Tipu Munshi has said the price of sugar go down within a day or two.  Besides, actions will be taken against those who will sell sugar beyond the fixed price, the minister said.    He made the remark while addressing an event at National Press Club

A growing number of countries are showing interest to join the BRICS alliance and accept the new currency. BRICS could soon become BRICS+ as the South African ambassador, Anil Sooklal hinted that the alliance could expand this year. The decision to allow other countries to join the

The Premier Bank Limited held “Annual Risk Management Conference 2023” at R-Events at Renaissance Dhaka Gulshan Hotel recently. Freedom Fighter Dr. H.B.M. Iqbal, Chairman of the Board of Directors of Premier Bank graced the occasion as Chief Guest; Mr. Mohammed Nurul Amin,

The National Economic Council (NEC) today approved a Taka 2.63 lakh crore original ADP (annual development programme) for the next fiscal year (FY24). The approval came from a meeting of the NEC held today with its chairperson and Prime Minister Sheikh Hasina in the chair. Out of

The government will procure soybean oil and sugar of worth Tk 215 crore 10 lakh and 10 thousand for the Trading Corporation of Bangladesh (TCB). Of the amount, Tk 18 crore 30 lakh and 20 thousand will be spent for the purchase of soybean oil while Tk 66 crore 79 lakh and 90 thousand

Bashundhara Group Chief Operating Officer, Banking (Sector-B), Razib Samad greets newly appointed Managing Director and CEO of Janata Bank Limited Md Abdul Jabbar by presenting him with a bouquet in the capital on Monday . Md Mizanur Rahman, DGM (Banking) of the group was also present

Kuwait’s First Deputy Prime Minister and Interior Minister, Sheikh Talal Al-Khaled Al-Sabah, has instructed authorities to take measures to open recruitment of expat workers from new countries, according to a report by Kuwait Times. The workers must be from countries other than

A Joint Communique has been signed between Bangladesh and the United Kingdom (UK) in a bid to establish an 'Aviation Partnership' for the necessary cooperation in the development of Bangladesh's aviation sector.   Prime Minister's Private Industry and Investment

Consumer suffering increased as the prices of various essential commodities are skyrocketing in kitchen markets across the capital.  On Friday (May 5), traders from several kitchen markets in the capital sold green chillies at Tk 100 - Tk 120 per kg, papaya at Tk 60 - Tk 70 per kg

Korea and Bangladesh signed a new Framework Arrangement for $3 billion of concessional loans. This arrangement was signed for the Economic Development Cooperation Fund (EDCF) for the year 2023 through 2027 in Korea.  The signing ceremony was held on the occasion of 56th Annual

The civil aviation ministry said airlines operating in Bangladesh will have to set flight fares in taka instead of dollars from July 1. The move will bring relief to the flyers who have been paying more as the taka loses value against the dollar. Bangladesh Association of

Former Mastercard boss Ajay Banga has been elected to lead the World Bank as it strives to help low-income countries overcome debt and combat climate change. Mr Banga, nominated by President Joe Biden for the post, is the first-ever Indian American to head the bank. He will replace

The gold market kept all of its recent gains as Federal Reserve Chair Jerome Powell signaled a potential pause in tightening following another 25-basis-point rate hike. The Fed’s tenth consecutive increase brought the federal funds rate to a 5-5.25% range – the highest

The US central bank has raised interest rates to the highest level in 16 years as it battles to stabilise prices. The Federal Reserve increased its key interest rate by 0.25 percentage points - its 10th hike in 14 months. The Fed signalled that Wednesday's rise may be its last

The price of bottled soybean oil has been increased by Tk 12 to Tk 199 a litre. The new prices have been made effective from today, said Bangladesh Vegetable Oil Refiners' and Vanaspati Manufacturers' Association. Earlier on December 15 last year, the commerce ministry

IBM will freeze hiring as it expects about 7,800 jobs to be replaced by Artificial Intelligence (AI) in the coming years, the tech giant’s CEO has said. In an interview with Bloomberg News, IBM CEO Arvind Krishna said he could “easily see” nearly one-third of the

The Bangladesh Energy Regulatory Commission (BERC)  has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk57 to Tk1,235 for the month of May. In April, the price was Tk 1,178.  BERC chairman Nurul Amin announced the new price at a press

JP Morgan is set to take over the troubled US bank First Republic in a deal brokered by regulators. The Federal Deposit Insurance Corporation (FDIC) confirmed in a statement that First Republic had collapsed on Monday. Investment banking giant JP Morgan will now take on "all of