Friday, 26 Apr, 2024

Business

Car factory example of Bangladesh's advancing dev: S Korean envoy

South Korean Ambassador to Bangladesh Park Young-sik on Saturday (September 16) highlighted the significance of the car factory as a unique milestone in Bangladesh's developmental journey. He expressed his satisfaction with the establishment of the car manufacturing plant in

NRB CIPs announce 15-point demand to boost remittance inflow

Putting forth a comprehensive 15-point demand, the NRB CIP Association today (September 16) said the fulfillment of the demands will not only enhance the government's image among expatriates but also help increase remittances to Bangladesh. The apex organisation of expatriate

Bashundhara Readymix opens fifth unit at Bhulta, Narayanganj 

Bashundhara Readymix and Construction Industries Limited (BRMCIL) has officially inaugurated its fifth ready-mix plant in the Bhulta area of Narayanganj, dedicated to producing high-quality ready-mix concrete products for the construction industry. Mirza Mujahidul Islam, the Chief

Diana’s iconic ‘Black Sheep’ sweater sells at auction for $1.1m

A red sweater worn by a young Princess Diana featuring a single black sheep among rows of woolly white sheep has sold at auction for more than $1.1m, following a frenetic bout of final online bidding, the Sotheby’s auction house has announced. Worn by 19-year-old Diana shortly

Extra softness arrives in Bangladesh with Petal Tissue by Bashundhara

Petal Tissue has entered the market with a softer and more absorbent product. The new brand embarked on its journey with an inauguration ceremony held at the Bashundhara Industrial Headquarters on Thursday, a press release said. Bashundhara Paper Mills Limited has utilized cutting-edge

Govt sets prices of eggs, potatoes and onions

The government has set the prices of eggs, potato and onion for the first time in the local market. The price of egg has been fixed at Tk 12 per piece at the retail level. Commerce Minister Tipu Munshi announced the new fixed price of eggs at a press conference held at the commerce

Logo-unveiling ceremony of Bashundhara Toiletries held

Bashundhara Toiletries Limited, a concern of Bashundhara Group, has officially unveiled its logo on Wednesday (September 13). The logo-unveiling ceremony was held at Bashundhara Industrial Headquarters at Bashundhara Residential Area in the capital. On June 25, the country’s

Commonwealth Trade and Investment Forum-2023 inaugurated

Prime Minister Sheikh Hasina today inaugurated the two-day Commonwealth Trade and Investment Forum-2023 aiming to boost trade, commerce and investment of Bangladesh with other Commonwealth countries. She opened the grand inauguration of forum as the chief guest in capital's

‘Beginning of the end’ of fossil fuel era approaching, says IEA

The world’s demand for oil, gas and coal will begin to decline this decade in “the beginning of the end” of the fossil fuel era, according to the global energy watchdog. The International Energy Agency (IEA) has projected for the first time that fossil fuel

Qantas illegally fired 1,700 workers during pandemic - top court

Australia's highest court has rejected a bid by Qantas to overturn a ruling that it illegally outsourced 1,700 jobs during the pandemic. The court unanimously upheld that the carrier had unlawfully laid off staff at 10 airports in November 2020. The ruling found that Qantas

Ukraine says Black Sea gas, oil platforms recaptured from Russian control

The Ukrainian military said it has recaptured several strategic gas and oil drilling platforms from Russia in the Black Sea close to Crimea, which Moscow’s forces had occupied since 2015. The recapture of the so-called Boyko Towers platforms, which was reported on Monday, takes

Turkish businesses urged to invest in Bangladesh

President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Mahbubul Alam today urged the Turkish businessmen to invest in the promising sectors of Bangladesh.   The FBCCI president made this call in a courtesy meeting with Turkish Ambassador Ramis Sen at

Bangladesh risk-free destination for Chinese investment

Bangladesh is becoming an increasingly attractive destination for Chinese investment, AHM Jahangir, additional secretary of the Economic Relations Division (ERD), has said.   Speaking at the Belt and Road Initiative in Bangladesh Exhibition on Saturday as the chief guest, Jahangir

India-Middle East-Europe economic corridor unveiled in G20

A multinational rail and shipping project linking India with the Middle East and Europe has been announced on the sidelines of the G20 summit in New Delhi in a step seen as a challenge to China’s economic ambitions in the region. The corridor, which would include India, Saudi

EU, US agree on mideast-India rail and shipping deal at G-20

The US said it plans to sign a joint infrastructure plan with India, Middle Eastern countries and the European Union aimed at connecting them via a network of railways and sea routes, a development that comes as China builds its influence across the energy-rich region. The US has been

Global food prices fall to 2-year low, says FAO

Global prices for staple foodstuffs have reached a two-year low in August, the United Nations' Food and Agriculture Organization (FAO) said on Friday. The organization's Food Price Index has not been on this level since March 2021 and has declined as much as 24% compared to

Maiden ferry service for passengers, vehicles launched

Two RoRo ferry services for carrying passengers and vehicles were inducted in inland water services for the first time. State Minister for Shipping Khalid Mahmud Chowdhury inaugurated the ferries at a ceremony at Hasnabad of Keraniganj in the capital this morning (September 7). Two

Venice to start charging visitors entry fee next year

Venice plans to experiment with an admission fee of 5 euros ($5.35) for day trippers next year to try to manage the flow of tourists drawn to its historic canals, Reuters reported, citing the city council on Tuesday. The fee will be applied on a trial basis on 30 days next year,

Israel's decision to suspend Gaza exports sparks humanitarian concerns

Palestinian businesses warned Tuesday that an Israeli decision to suspend exports from the Gaza Strip put the Palestinian territory at risk of a “humanitarian catastrophe”. Israel’s army chief on Monday ordered, with the government’s approval, a halt to

Walton Plaza Uthshob-2023 held

'Walton Plaza Uthshob-2023' was held with a great enthusiasm. Over 600 managers of Walton Plaza from different regions of the country took part in the celebration event.  Among the participants, total of 144 sales executives and Plazas were awarded for their outstanding