Saturday, 11 Jan, 2025

Business

Govt always remain beside businesspeople: PM

DHAKA: Urging the businesspeople to set up industries by giving special attention to waste management and environment, Prime Minister Sheikh Hasina reassured them of extending all sorts of support. The premier was addressing as the chief guest the National Export Trophy for 2016-17

PRAN-RFL wins 5 export trophies

DHAKA: Five companies of one of Bangladesh’s largest conglomerates PRAN-RFL Group received national export trophies in export category for FY 2016-17. The local business giant received trophies from the ministry of commerce for exporting agro processing, plastic goods and light

Shamim Ahmed, Nurul Islam promoted to Mercantile Bank DMDs

DHAKA: Shamim Ahmed and Dr Md Nurul Islam have been promoted as Deputy Managing Director (DMD) of Mercantile Bank Limited, said a press release issued Sunday (September 1).  Prior to this, Shamim Ahmed was the Senior Executive Vice President (SEVP) & Head of International Division and

Trade war: US hits China with fresh wave of tariffs

DHAKA: The US has imposed fresh tariffs on $112bn (£92bn) of Chinese imported goods. The new tariffs are sharp escalation in the bruising trade war between the world's two largest economies, reports BBC. The move is the first phase of US President Donald Trump's latest plan

Castrol launches Textile lubricant

DHAKA: Castrol launched Textile Lubricant through a grand ceremony at Lakeshore Hotel in Gulshan of the capital on Thursday (August 29). Shafiqur Rahman, President of Bangladesh Textile Engineering Association, Narayanganj Industrial Superintendent of Police Zahidul Islam, CEO of

Hero motorbikes are now available on evaly

DHAKA: Motorbikes of world number one brand Hero MotoCorp are now available on e-commerce based marketplace evaly. Customers can buy various models of Hero bikes including Hero Hunk, Hero Igniter, Hero Passion XPro and scooters from evaly.com.bd at attractive prices.  HMCL Niloy

South Korea keen to construct LNG terminal in Ctg

DHAKA: South Korea has expressed its interest in the construction of Bay-terminal and Liquid Natural Gas (LNG) terminal of the Chattogram port, state minister for shipping Khalid Mahmud Chowdhury said. At the same time, the minister called on South Korean investors for more investment

Training on Anti-Money Laundering held in city

DHAKA: A training programme on “Anti-Money Laundering & Combating Financing of Terrorism” for AB Bank officials in Dhaka.  AB Bank Ltd has recently arranged the programme at its Training Academy in the capital city.  Sajjad Hussain, DMD & CAMLCO of AB Bank, inaugurated the

Ex-Google and Uber engineer charged with theft

DHAKA: The US Department of Justice (DoJ) has filed criminal charges against a former senior engineer at Google's owner Alphabet alleging he stole car technology secrets. Anthony Levandowski was charged with 33 counts of trade theft involving Alphabet's self-driving car

Bangladesh signs MoU to export skilled manpower to Japan

DHAKA: Bangladesh has signed a Memorandum of Understanding (MoU) with Japan on cooperation to export skilled Bangladeshi workers in various fields of Japan.  Bangladesh signed a memorandum of cooperation with Japan as the ninth country to send skilled workers. Both sides agreed to

Gold price increases by Tk10,500 per bhori in one year

DHAKA: The price of gold, consumers hoped, would stabilize following the opportunity offered by the government to legalize the precious item. But the situation took an opposite turn as the price of this jewelry making metal increased by Tk 10,556 per bhori in a year. The finest refined

Johnson & Johnson fined in landmark opioid ruling

DHAKA: Drugmaker Johnson & Johnson must pay $572m (£469m) for its part in fuelling Oklahoma's opioid addiction crisis, a judge in the US state has ruled. The company said immediately after the judgement that it would appeal. The case was the first to go to trial out of

UCB organizes workshop on integrity in Chattogram

DHAKA: United Commercial Bank Limited (UCB) organized a workshop on integrity in Chattogram on August 22 of 2019. The workshop was a part of implementing “National Integrity Strategy”. The main aim of the workshop was to create awareness about integrity. Chief Guest of the

Asian stocks drop as US-China trade war escalates

Asian stock markets tumbled on Monday after a sharp escalation in the US-China trade war rattled investors. On Friday, US President Donald Trump announced tariff hikes on effectively all Chinese imports to the US. It came after Beijing said it would impose fresh duties and raise

Rupee declines by 58 paise, hits new 2019 low against Dollar

DHAKA: The rupee opened lower against the US dollar at 72.03 on Monday, and declined to as much as 72.24 - down 58 paise from the previous close - in late morning deals.  That marked the lowest intraday level recorded for the rupee so far in calendar year 2019, reports NDTV. 

No refinancing in 4 state banks: Minister

DHAKA: Sonali, Rupali, Janata and Agrani banks won't be refinanced and moreover, won't be allocated budget anymore. Finance Minister AHM Mustafa Kamal revealed the decision Sunday (August 25). The four state banks have to run by own money, he said.  "This year's

Making Bangladesh the Eskimi Hub of Asia

DHAKA: With another leap towards success, Lutfi Chowdhury, former regional head of Eskimi South Asia has now been appointed as the Managing Director of Eskimi. With this leap, he has also placed Bangladesh as the central hub of this global programmatic and demand-side platform with its

Bashundhara Group chairman gets Indian 'Estate Awards'

DHAKA: Bashundhara Group (BG) Chairman Ahmed Akbar Sobhan was given Estate Awards in India for his outstanding contribution to Bangladesh's real state sector. He received the award under International category.   RE/MAX Global Alliance Senior Vice President Mike Reagan handed

City Bank sues ex assistant vice president Monira Sultana

DHAKA: City Bank Ltd sued its former assistant vice president Monira Sultana Popy on various allegations of blackmailing and harassing attempts against the bank. Head of Court Operation at Legal Division of the bank's head office AKM Ayub Ullah filed the case with Gulshan Police

4th BR Summit in Hong Kong next month

DHAKA: Thousands of officials and businesses are set to exchange insights on multilateral co-operation and explore concrete business opportunities as the 4th edition of Belt and Road Summit will begin in Hong Kong next month, reports NsNewsWire. The mega event will bring together about