Saturday, 11 Jan, 2025

Business

Create Social Business Banks for the Poor: Yunus at UN event

On September 27th, Final Report of the Financial Sector Commission on Modern Slavery and Human Trafficking was formally released in the UN as an important UN event in New York. This Commission was set up during the UN General Assembly meeting of the previous year at the initiative of

First shipment of Hilsa reaches India

BENAPOLE (JASHORE): After seven long years, Bangladesh government has allowed export of 500 metric tonnes of hilsa on the occasion of Durga Puja. In the first shipment, eight trucks carrying 30 metric tonnes of hilsa entered India through the Benapole port. Assistant Revenue Officer

Digital payment app Dmoney launched

DHAKA: Commercial operation of digital payment app Dmoney has been launched. Operation began at a press conference at the Westin Hotel in Dhaka on Monday (Monday 29).  Mr. Anjan Chowdhury, Chairman of Dmoney and Director, Square Group, Mr. Md. Mezbaul Haque, General Manager,

India bans onion exports with immediate effect

DHAKA: India has prohibited exports of onions in the wake of its rising prices in the country. The commerce and industry ministry on Sunday amended the export policy of onion from free to prohibited. India exported fresh and chilled onions worth $496.82 million in 2018-19. “Export

Daraz ‘Fan Meet’ now in Narail after 30 districts

DHAKA: Country’s biggest online market place Daraz Bangladesh Limited (Daraz.com.bd) has launched ‘Fan Meet’ to facilitate communication between customer and high officials. Through ‘Fan Meet,’ supervised by Daraz Fan Club, customers can talk to high officials in person.

24 tonnes hilsa on way to India Sunday

BENAPOLE: The first shipment of 500 metric tonnes of hilsa fish, allowed by the Bangladeshi government on the occasion of Durga Puja, will be exported to India through the Benapole port on Sunday (Sep 29). Some 24 metric tones, the first shipments of hilsa fish is going to India on

American Chamber holds 23rd AGM

American Chamber of Commerce in Bangladesh (AmCham) held its 23rd Annual General Meeting (AGM) on September 26. The meeting took place at its own office premises at The Pearl Trade Centre, Pragati Sharani, Dhaka. AmCham President Md. Nurul Islam presided over the meeting. Mr.

Bangladesh seeks more US investment

NEW YORK: Highlighting Bangladesh’s liberal investment policy, Prime Minister Sheikh Hasina sought more US investment and engagement for Bangladesh’s further development. The premier was addressing a “Luncheon Roundtable Meeting” organised by the US Chamber of Commerce at Lotte

Huge alcohol, beer seized at Fu Wang Club, 3 staff held

DHAKA: Members of Rapid Action Battalion in a raid seized huge amounts of illegally imported cigarettes and cans of beer and alcohol from Fu Wang Club at the capital’s Tejgaon area early Thursday (Sep 26). The elite force also arrested three staff, including two salespersons, during

3-day Asian tourism fair kicks off at ICCB

DHAKA: The three-day 8th Asian Tourism Fair (ATF, Dhaka) kicked off at International Convention City, Bashundhara (ICCB) in the capital city of Bangladesh from September 26 to mark World Tourism Day (September 27). Parjatan Bichitra organized the fair with the assistance of Parjatan

Syngenta Bangladesh announces 15 percent dividend

DHAKA:  Syngenta Bangladesh Limited, one of the leading multinational companies in crop protection and seed business, announced 15 percent cash dividend for its shareholders for the year of 2018. The board of directors of Syngenta Bangladesh Limited declared the dividend at its annual

Onion price coming down due to import

DHAKA: Price of onion has lowered quickly due to rise of daily import from Myanmar, Egypt and Turkey, said Commerce Secretary Dr. Md. Jafar Uddin. “There is no shortage of onion in the market. Consumers should not panic,” Dr. Md. Jafar Uddin said while discussing the market

Bank accounts of Khalid, GK Shamim among casino owners frozen

DHAKA: Bangladesh Financial Intelligence Unit (BFIU) directed authorities concerned to freeze the bank accounts of casino businessmen, including arrested Jubo League leaders Khalid Mahmud Bhuiyan and GK Shamim. At the same time, it sought information on GK Shamim's bank account

US Microcredit Programme Expanding

Nobel Laureate Professor Muhammad Yunus inaugurated two new branches at Long Beach and Fresno--a city 225 miles north of Los Angeles. Long Beach branch is funded by East West Banks and Fresno branch is funded by the Bank of the West. Dominic Ng, founder, Chairman, and CEO of East

China set to release pork from national reserves

DHAKA: China is set to release pork supplies from its central reserves as it moves to tackle soaring prices and shortages caused by an outbreak of swine fever. A state-owned firm will auction 10,000 tonnes of frozen pork from its strategic reserves on Thursday. China, the

Premier Bank inks a deal with BB refinance scheme

DHAKA: The Premier Bank Limited has signed an agreement with Bangladesh Bank refinance scheme of Taka 300.00 crore to support export oriented Jute Mills, Raw Jute Traders & Exporter to purchase raw jute from the Jute cultivators ensuring fair price of Jute. Md. Habibur Rahman, General

Paperfly Launches “Smart Return”

Once again Paperfly is taking the lead to solve a critical problem for the E-commerce sector of the country. “Return” has been a massive concern for all the E-commerce players, as almost 24% products get returned out of all online orders. Both the e-commerce and their logistics

TCB starts onion sale to rein in price hike

DHAKA: The government has started selling onion through the state-owned Trading Corporation of Bangladesh (TCB) on Tuesday (September 17) at Tk 45 per kg to cool down skyrocketing prices of this widely consumed item in the local markets. Meanwhile, customers have been seen buying

Oil prices soar after attacks on Saudi facilities

DHAKA: Oil prices surged after two attacks on Saudi Arabian facilities on Saturday knocked out more than 5% of global supply. Brent crude jumped 10% to $66.28 a barrel, while West Texas Intermediate rose 8.9% to $59.75 in Asian trading, reports BBC. Prices pulled back slightly after

Premier Bank receives WASA Bill Collection Award'

DHAKA: The Premier Bank Limited achieved 3rd position amongst 33 banks for collecting the bill in the financial year 2018-19 selected by Dhaka WASA. A program titled 'Dhaka WASA Bill Collection Award' was held at Pan Pacific Sonargaon Hotel in the capital on September 14 of