Saturday, 11 Jan, 2025

Business

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

Only 10,000 rawhide pieces damaged: Industries Minister

DHAKA: Industries Minister Nurul Majid Mahmud Humayun said out of one crore pieces of rawhides, only 10,000 pieces damaged this year. He said this while holding a tripartite meeting of the government, tannery owners, warehouse owners and other rawhide-related personalities at the

Tanners seek withdrawal of rawhide export decision

DHAKA: Tanners urged the government to withdraw its decision to allow rawhide exports, on the grounds that it might cause a scarcity for the local industry. President of Bangladesh Tanners Association (BTA) Shahin Ahmed placed this demand at a press conference at its office in city’s

Govt. decided to export rawhide

DHAKA: The government has decided to grant permission to export rawhide in order to ensure fair price. Abdul Latif Bakshi, Public Relations Officer of the Ministry of Commerce disclosed this information on Tuesday (August 8). According to the ministry, it is being observed, through

Coca-Cola to invest US $200m in Bangladesh

DHAKA: Coca-Cola, a multinational company that produces soft drinks, will invest US $ 200 million in Bangladesh in the next five years.  Of this, $ 50 million will be invested next year. A six-member delegation of the Coca-Cola Company met with Industries Minister Nurul Majid

Indo-Bangla joint pipeline to bring 1m tonnes fuel oil

DHAKA: The government will jointly construct a pipeline between Bangladesh and India to supply fuel undisputedly and ensure smoother flow in the northern part of the country.  With this pipeline, it will be possible to bring 1,000,000 (one million) tonnes of diesel from India

Gold prices up again

DHAKA: Bangladesh Jewellers Samity (BAJUS) has increased the gold prices again within a day. The revised prices of gold were disclosed in a press release issued by BAJUS on Tuesday (August 7). The price of 1 bhori (11.664 gram) of 22-carat gold rose by Tk 1166. BAJUS on Tuesday

Banks open in city’s animal hat areas before Eid

DHAKA: Bangladesh Bank has asked the scheduled banks to remain open its branches, adjacent to sacrificial animals’ hat in the capital, and to keep open the evening banking for three days before Eid.  Banking Regulations and Policy Department of the central bank on Wednesday (August

Rawhide prices fixed at Tk 45-50 for Eid-ul-Azha

DHAKA: The government has announced the prices of different types of rawhides from animals sacrificed during Eid-ul-Azha, fixing the highest price of cowhides at Tk 45-50 in Dhaka and at Tk 35-40 for outside capital. Commerce minister Tipu Munshi announced the prices of rawhides after

Sayeed H Chy reappointed ONE Bank chairman

The Board of Directors of ONE Bank Limited has reelected Sayeed H Chowdhury as its chairman for another one-year term from August 1, 2019, said a press release on Tuesday (August 6).  The Board has also re-elected Asoke Das Gupta as its vice chairman and Zahur Ullah as the chairman of

NBR lifts all tariffs on dengue test kit import

DHAKA:   The government has removed all tariffs on import of dengue test kits amid outbreak of dengue fever. National Board of Revenue (NBR) lifted import tax, value added tax (VAT), advanced tax and advanced income tax on dengue test kits, reagents and blood platelet plasma test

Banks asked to keep enough cash in ATM booths during Eid

DHAKA: Bangladesh Bank has asked all banks across the country to keep sufficient money at their ATM (Automated Teller Machine) booths during the Eid-ul-Azha holidays to enable clients to withdraw money. The central bank issued a circular to this effect on Monday (August 5) directing

Shanghai to open Grameen Prog, Social Business Institute

DHAKA: Shanghai, biggest city of China, is set to create an institute of research and action on financial inclusion and social business and introduce Grameen Programme in collaboration with Nobel Laureate Professor Muhammad Yunus.  During the separate meetings among Governor of Putuo

HSBC boss out in top level reshuffle

The chief executive of HSBC has stepped down after the bank said it needed a change in leadership to address a "challenging global environment". John Flint is giving up the role he has held for a year and a half "by mutual agreement with the board". He will immediately cease his

FBCCI to form blood bank for dengue patients

DHAKA: Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to form a blood bank to help dengue patients.    FBCCI President Sheikh Fazle Fahim made the disclosure at a discussion over dengue prevention, in Motijheel of the capital city Sunday (August 4). The

9th Communication Summit & Commward held

DHAKA: The 9th edition of Communication Summit held in the capital on Saturday (August 3) under the theme ‘Creative Leap in the Age of Disruption’.  The summit was followed by Commward, the only accolade for the country’s advertising industry, said a press release.  Around

Chattogram 64th among world’s best 100 seaports

CHATTOGRAM: Chittagong seaport has ranked 64th in the world's 100 best container handling ports, upgraded by six notches from previous year. The key seaport of the country was the 70th in the list. In 2008, the port was the ranked 95th. The Lloyd’s List, the most popular journal

APAC magazine names Dmoney among 10 most convenient wallets

DHAKA: D Money Bangladesh Ltd (dmoney.com.bd) on Thursday (Aug 1) announced that APAC Business Headlines Magazine has named it among the “10 Most Convenient Wallets to watch in 2019”. Dmoney is the only wallet from South Asia to make an entry to the top 10. APAC Business Headlines is

City of Ningbo celebrates Social Business Week in China

DHAKA: As a part of Social Business Week of China, Nobel Laureate Professor Muhammad Yunus arrived in Ningbo, a port city in the eastern coast of China.   On 31 July, his day began with meeting the students of Huamao English School, a leading private school in the city. Yunus

IBBL opens 345th branch in Khulna's Dumuria

DHAKA: Islami Bank Bangladesh Limited (IBBL) inaugurated its 345th Branch in Dumuria upazila of Khulna on Thursday (August 1).  IBBL Director Prof Dr Qazi Shahidul Alam, as the chief guest, inaugurated the branch, said a press release. Md Mahbub ul Alam, managing director and CEO