Malaysia’s economy contracted in the second quarter by the most since the Asian financial crisis more than two decades ago, with the central bank downgrading its outlook for this year sharply. Gross domestic product shrank 17.1% compared to a year earlier, its worst showing since

The Founder Institute, the world's largest pre-seed accelerator, on Tuesday announced that it was accepting applications from startup founders, ideators and innovators for its fourth accelerator program. In an effort to ensure the health and safety of the program's mentors,

The per capita income in Bangladesh has increased by $155 from $1,909 to $2,064 despite the devastating impact of the coronavirus pandemic. Bangladesh Bureau of Statistic (BBS) on Tuesday revealed the latest figures as provisional data collected from the GDP and per capita income

Hong Kong business tycoon Jimmy Lai has been arrested and his newspaper offices raided by police over allegations of collusion with foreign forces. His case is the most high-profile arrest so far under the controversial security law imposed by China in June. Mr Lai has been a

Islami Bank Bangladesh Limited inaugurated its Gallamari sub-branch at Gallamari of Khulna recently.  Swapan Kumar Roy, Executive Director of Bangladesh Bank, Khulna Office inaugurated the sub-branch as chief guest.  Ali Akbar Tipu, Panel Meyor, Khulna City Corporation and

  Kuwait's Directorate General of Civil Aviation (DGCA) has suspended flights from 31 countries on the day it resumed commercial operations. Kuwait's DGCA announced plans to restart operations on a three-phase basis, with operating capacity not exceeding 30 percent

Gold prices rocketed to a record high on Monday with spooked investors rushed into the safe-haven as the coronavirus spreads across the globe, while the weaker dollar also provided strong support. The metal surged more than one percent to $1,930.48 per ounce in Asian trade, with

DHAKA: The first freight train carrying 50 containers of fast-moving consumer goods (FMCG) and apparel products from India arrived at Benapole via Benapole-Petrapole rail link. The products were handed over to Bangladesh authorities on Sunday, said a press release issued by Indian High

DHAKA: Bashundhara restaurant chain’s products are now available in online marketplace Evaly and people now can easily get home delivery of products by using internet and mobile app. Three eateries including Food Hall, Sunflower Restaurant and international kebab franchisee Baba

Goldman Sachs has reached a $3.9bn (£3bn) settlement with the Malaysian government over the multi-billion dollar 1MDB scandal. The settlement includes a $2.5bn cash payout by Goldman and a guarantee to return at least $1.4bn in assets linked to 1MDB bonds. US officials have so

Riding high on foreign investors buying stakes in Jio Platforms, Reliance Industries Ltd Chairman Mukesh Ambani became the world’s fifth-richest person Wednesday, edging past American investor Warren Buffett on the real-time ranking of billionaires by Forbes. With an estimated

DHAKA: Bashundhara Group Managing Director Sayem Sobhan Anvir paid a courtesy call on Bangladesh Petroleum Corporation (BPC) Chairman Md Shamsur Rahman at the latter’s office in the capital on Wednesday (July 22). BDST: 1910 HRS, JULY 22, 2020 AP

DHAKA: Key share price index in the country’s both bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — closed the session in negative on Sunday (July 19), the first trading day of the week.  DSE turnover has reached Tk 2344.47 million changed hands while

DHAKA: Parcel train service between Bangladesh and India has begun for the first time in a bid to speed up the bilateral trade between the two neighboring countries. The first parcel train carrying dry Chillies from Andhra Pradesh, India arrived at Benapole port, said press release

The president of Emirates said the Middle Eastern airline is set to cut as many as 9,000 jobs because of the coronavirus pandemic. It is the first time the world's biggest long-haul carrier has disclosed how many jobs will be lost. Prior to the crisis, Emirates had 60,000 staff.

DHAKA: The businessmen have been given special facility of rescheduling their debts with a 2 percent down-payment while purchasing rawhide of sacrificial animals during the Eid-ul-Azha. Bangladesh Bank issued a circular in this regard on Sunday (July 5). The traders can avail this

DHAKA: Pathao Cars on Thursday (July 2) officially resumed its services with almost 2,000 BRTA enlisted cars after a 3-month hiatus due to the COVID-19 pandemic. Pathao’s topmost priority is to ensure best service for both our users and drivers, a press release said.  Pathao has

DHAKA: The government has decided to send 24,886 employees of state-owned jute mills into early retirement through ‘golden handshake’ scheme. Textiles and Jute minister Golam Dastagir Gazi came up with the announcement in an online briefing on Sunday (June 28), "We can't

DHAKA: The country's foreign exchange reserve reached to all-time high at $35 billion thanks to surging remittance despite the coronavirus pandemic. The reserve hit new record on June 23 in just 20 days of hitting $34 billion mark on June 3 this year.  Bangladesh Bank sources

DHAKA: Country’s leading business conglomerate T. K. Group handed over 20 Ventilator Machine in Chittagong Medical College, Chittagong General Hospital, Chittagong Field Hospital, Parkview Hospital and Surgiscope Hospital for Corona patient treatment support.  T. K. Group Managing