Saturday, 11 Jan, 2025

Business

153 more Bangladeshi workers return from Saudi

DHAKA: 153 more Bangladeshi workers have returned from Saudi Arabia, the largest labor market of this country, according to Migration Programme of BRAC, a non-government organization.              BRAC sources said the workers arrived in Dhaka by a flight of Saudi Airlines

Incentives in leather sector to continue for 5 more yrs

DHAKA: Prime Minister Sheikh Hasina announced continuation of incentives in leather sector for at least five more years in a bid to attain the desired export target of the leather and footwear industry. The prime minister was addressing while inaugurating the third edition of three-day

Onion crisis to be over soon: PM

GANABHABAN:  Amid ongoing onion crisis countrywide, Prime Minister Sheikh Hasina said it will be over soon. “There will be no more onion crisis. It's temporary. It will be okay within a few days. Already, enough onions have arrived. More to come,” the premier told a press

Ghotok Pakhi Bhai’s bank info sought

DHAKA: The National Board of Revenue (NBR) has asked all banks to provide information on wealth under the accounts held by Ghotok (matchmaker) Pakhi Bhai. Pakhi Bhai is the owner of marriage media Ghotok Pakhi Bhai Private Limited. NBR sources said on Monday (October 28) that they

HSBC warns of 'challenging' outlook as profit falls

HSBC has said its performance in parts of Europe and the US was "not acceptable" as the bank reported a drop in third quarter profits. Europe's largest bank said profit before tax fell 18% to $4.8bn (£3.8bn) in the three months to September, missing analysts' estimates. In

AB Bank on Sales Techniques for Relationship Managers

DHAKA:  AB Bank Training Academy organized the ever first training program on Sales Techniques for Relationship Managers.” This training program was for the major Branches of the Bank. This training program was run by Mr. Abdur Rahman-Deputy Managing Director of the Bank.

Onions being sold at Taka 130 in Sylhet

SYLHET:  Onions are being sold at Taka 130 in the open markets of Sylhet amid ongoing crisis of this essential commodity countrywide. However, the price has soared up to Taka 150 in countryside areas. Traders said the price is likely to reach as much as Taka 200 in 1/2 days.

Bangladesh steps 8 notches up in ease of doing business ranking

DHAKA: Bangladesh is ranked 166 among 190 economies in the ‘Ease of Doing Business Index 2020’, according to the latest World Bank annual ratings released on Thursday.  The rank of Bangladesh was 176th among 190 countries in the previous ranking last year, an improvement by eight

Mastercard India elevates Vikas Varma to Chief Operating Officer

Mastercard, a leading technology company in the global payments industry, announced the elevation of Vikas Varma to Chief Operating Officer. Vikas has been associated with Mastercard since 2005 and has held various leadership roles, including overseeing business, market and merchant

Bangladesh now lucrative destination for investment

JAKARTA: The people of Indonesia heard the story of Bangladesh's progress under the dynamic leadership of Prime Minister Sheikh Hasina. No Bangladeshi political party or government authority, Indonesia's Foreign Ministry officials praised Bangladesh at agreement signing

German businessmen urged to invest in Bangladesh

DHAKA: Mentioning the investment-friendly environment and policies that exists in Bangladesh, Foreign Minister AK Abdul Momen invited German entrepreneurs and businessmen to invest in Bangladesh.   The minister made the urges in a meeting with German businessmen in Berlin, according

China's economy grows at slowest rate since 1990s

DHAKA: China's economy grew at its slowest pace since the early 1990s in the third quarter, official figures showed. In the three months to September, the economy expanded 6% from a year earlier, falling just short of expectations for 6.1% growth, BBC reported. The slowdown

‘Bangladesh-Indonesia trade to get momentum’

JAKARTA: Bangladesh and Indonesia have signed an agreement to accelerate the import and export of both the countries, which will have various benefits including lower tariffs. Indonesian Vice-President Muhammad Jusuf Kalla inaugurated the Indonesia International Trade Expo in Jakarta

Indian-origin Abhijit, wife, U.S.-born scientist win Nobel Prize in economics

DHAKA: Abhijit Banerjee, Esther Duflo and Michael Kremer were awarded the Nobel Prize in economics on Monday for research on alleviating global poverty. The trio pioneered an approach to poverty reduction that was based on carefully designed experiments that sought answers to specific

UKBCCI honors Tasmin Lucia-Khan

Ten British Bangladeshi residents, including former BBC News TV presenter, Tasmin Lucia-Khan, from a diverse range of industries, were honoured for their personal contributions and achievement, at the annual UKBCCI Awards, which took place in central London. Tasmin received the

7.2pc GDP for FY 2019-20: WB

DHAKA: World Bank (WB) forecast the Gross Domestic Product (GDP) growth rate of Bangladesh at 7.2 per cent for the fiscal year 2019-20. WB’s Dhaka office published a report titled ‘Bangladesh Development Update October 2019: Tertiary Education and Job Skills’ on Thursday (October

Govt introduces 2pc incentive on remittance

DHAKA: The government has started giving an incentive of two percent in remittance sent by expatriate Bangladeshi to encourage them sending money through legal channels, Finance Minister AHM Mustafa Kamal said.  “It has been made effective since July 1, 2019,” the minister said

Action if more than govt-set price of onion charged

DHAKA: Dhaka South City Corporation (DSCC) Mayor Sayeed Khokon said that if anyone wants to destabilize the onion market by hiking prices or selling more than the government-fixed price. He came up with the warning note while talking to reporters during visit to Palashi Bazar in the

Bangladesh joins Medical & Pharma Fair in Saudi Arabia

DHAKA: Bangladesh has joined Medical & Pharmaceuticals Trade Fair in Riyadh of Saudi Arabia that started on Monday (Sep 30).   The Saudi Food and Drug Authority (SFDA) has arranged the three-day expo and its third annual conference.  The Bangladesh Embassy in Riyadh informed this

Drive at onion wholesale hub

CHATTOGRAM: Chattogram district administration started raiding wholesale hub of onion at Khatunganj in the port city on Tuesday (Oct 1) morning.  Executive Magistrates Md Touhidul Islam and Md Ashraful Alam are leading the drive that started from 11am. Magistrate Md. Ashraful Alam