Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion loans that matured last month, indicating a thaw in relations between Pakistan and the two key Gulf nations. Saudi Arabia has retained the remaining $1 billion cash deposit, a senior government

The first tranche of equipment consisting of two 140-ton mobile harbor cranes was shipped by India on Sunday for the development of phase 1 of Shahid Beheshti Port in Iran’s Chabahar. “J P Singh, JS(PAI) MEA India handed over two 140-ton mobile harbor cranes, the first

Bashundhara Group Managing Director (MD) Sayem Sobhan Anvir visited Bangladesh Development Bank Limited (BDBL) on Monday. During the visit, Sayem Sobhan Anvir paid a courtesy call on BDBL Managing Director and CEO Kazi Alamgir at the bank’s head office at Motijheel.

East West Media Group Limited (EWMGL), a concern of Bashundhara Group- one of the largest industrial conglomerates in the country, has once again topped the list of taxpaying companies in print and electronic media category. National Board of Revenue (NBR) sources confirmed the news on

The United Nations warned Monday that the world economy is “on a cliffhanger,” still reeling from the COVID-19 pandemic whose impact will be felt for years but still expected to make a modest recovery of 4.7% in 2021 which would barely offset 2020 losses. The U.N.’s

Bangladesh a country with lots of business potential where 168.367 million people have access to mobile phone and about 101.905 million, are using mobile internet. Market data shows that about 45% people own a smartphone which is around 76.5 million Bangladesh people having at least one

The government has appointed Ahmed Jamal, deputy governor of Bangladesh Bank, as the director of the Board of Directors and member of the Executive Committee of the bank for next three years.  Bank and Financial Institutions Division under the Ministry of Finance issued a press

A Dhaka court on Wednesday set February 17 to submit the probe report in the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016. Dhaka Metropolitan Magistrate Sadbir Yasir Ahsan Chowdhury set the date as the investigation agency CID failed to present the report

Bangladesh has set an example in the housing and real estate industry as it had played a major role in national economy in the last 30 years, said top business leaders of Bangladesh and India. Mentioning that the housing industry also contributed to the development of other industries

I will work to create more opportunities for the young entrepreneurs across the country and for the betterment of Junior Chamber International (JCI) Bangladesh. JCI Bangladesh works for the standard changes and development of society and the development of personal skill and

The potential budget deficit in the upcoming 2021-22 fiscal year is going to be Tk 2.075 trillion or 5.8 per cent of GDP on the back of revenue losses due to the impact of Covid-19 pandemic. The government plans to pick up a Tk 5.92 trillion (GDP’s 16.7 per cent) budget in FY22

The government is likely to allocate Tk 148 billion for new stimulus packages in 2021-22 fiscal to fend off the impact of coronavirus pandemic. The size of the new stimulus package was proposed in the first meeting of the Budget Monitoring and Resources Committee held virtually with

The post-Brexit trade deal between the UK and EU takes effect at 23:00 GMT on Thursday, after it was signed into law. Parliament overwhelmingly backed the agreement in a high-speed process on Wednesday, following the two sides reaching agreement on Christmas Eve. It takes the UK out

The government appears to have taken a tough stance against the misuse of the bond facility to prevent evasion of import duty and safeguard the local manufacturing sector. In a recent move, the Customs Bond Commissionerate of Dhaka has suspended the bond licences of 125 name-only

India has withdrawn its ban on onion export.  The move came more than three months after India imposed abrupt export ban on the cooking ingredient which led the onion prices to soar in neighboring Bangladesh. India’s Ministry of Commerce and Industry announced the

Ambassadors from the 27 EU member states have unanimously approved the EU-UK post-Brexit trade deal, paving the way for it to take effect. The deal is likely to become law on 1 January, as the UK Parliament is expected to approve it on Wednesday. Under EU rules it can take effect

The government has cut the rice import duty to 25 percent from the existing 62.5 percent in a bid to encourage private importers and control the market prices.  Food Minister Sadhan Chandra Majumder made the announcement at a virtual press conference on Sunday morning. 

China will overtake the US to become the world's largest economy by 2028, five years earlier than previously forecast, a report says. The UK-based Centre for Economics and Business Research (CEBR) said China's "skilful" management of Covid-19 would boost its relative

Bashundhara Paper Mills Limited (BPML) has approved 10 percent cash dividend for its shareholders in capital market for audited fiscal year 2018-19 ending on June 30. Board of Directors gave the approval of the dividend at the 27th Annual General Meeting (AGM) held on virtual platform

Partex Group founding chairman MA Hashem passed away at early hours of Thursday. He was 78. His son Showkat Aziz Russell confirmed the matter. MA Hashem was admitted to the Evercare Hospital in Dhaka on December 11 after he had tested positive for coronavirus. Later, he had been on