Wednesday, 28 Oct, 2020

Business

IBBL Dhaka East Zone organizes webinar on Shari’ah compliance

Dhaka East Zone of Islami Bank Bangladesh Limited organized a webinar on Compliance of Shari’ah in Banking Sector on Saturday (September 12).  Professor Dr. Md. Salim Uddin, FCA, FCMA, Chairman, executive committee of of the bank addressed the program as chief guest. 

Speakers urge for active dialogue to receive FDI

Speakers at a virtual meeting have called for active and continuous dialogues on value added agriculture processing, digital ecosystems and Green Capital with working in public private partnership to woo more FDI. The American Chamber of Commerce in Bangladesh (AmCham) held a virtual

Postal department gets Tk 1.12cr as earnings from Nagad

Nagad, the state owned mobile financial service, on Sunday gave Tk 1,12,15,576 to the postal department as a part of the earnings. Tanvir Ahmed Mishuk, managing director Nagad, handed over a cheque to Posts and Telecommunications Minister Mustafa Jabbar in a function at the newly

Rolls-Royce launches £250,000 car as demand rebounds

The boss of carmaker Rolls-Royce has said global demand for luxury vehicles is rebounding despite the pandemic. Boss Torsten Müller-Ötvös told the BBC that markets in Asia, Europe and the US were now "more or less back to normal". Mr

Twitter account of Indian PM Modi's personal website hacked

Twitter has said that an account for the personal website of Indian Prime Minister Narendra Modi has been hacked. A series of tweets were sent from the account asking followers to donate cryptocurrency to a relief fund. Twitter said it was aware of the activity and had taken steps

Australia officially enters first recession in 30 years

Australia's economy has plunged into its first recession in nearly 30 years, as it suffers the economic fallout from the coronavirus. Gross domestic product (GDP) shrank 7% in the April-to-June quarter compared to the previous three months. This is the biggest fall since records

Antiviral face mask 'Turaag Protex' now in market

Urmi Group has launched a three-layered antiviral and antimicrobial face mask called Turaag Protex. The mask is manufactured using Swiss Technology (HeiQ Viroblock). Despite being a world-class personal protection product for safety, its manufacturers say it is affordable for the

Forex reserve hits $39.40bn for the first time

Bangladesh’s foreign exchange reserves have set a new record, surpassing $39 billion-mark for the first time on Tuesday. Bangladesh Bank Executive Director and spokesperson Md Serajul Islam said country’s foreign exchange reserve hit $39.40 billion today. The reserve is

Back to previous bus fare from September 1: Quader

Road Transport and Bridges Minister Obaidul Quader on Saturday said that the government has decided to withdraw the increased bus fare from September 1. He said: “The additional bus fares, which were fixed by the government amid the coronavirus pandemic, will not be taken from

Jeff Bezos is now worth a whopping $200 billion

Jeff Bezos was already the world's richest man. Now his net worth has skyrocketed once again, setting another new record. On Wednesday, the Amazon CEO's wealth reached an estimated $202 billion, according to the Bloomberg Billionaires index, as the company's shares soared.

Classic Group brings Kenneth Cole masks in Bangladesh market

Classic Group has brought 6-layered anti-bacterial facemasks manufactured by Kenneth Cole, a well-known brand from New York, in Bangladesh market. The mask can be found on the popular e-commerce platforms Daraz and Click N Shop, said a press release.  The most striking feature

Malaysia’s economy shrinks most since 1998 Asia crisis

Malaysia’s economy contracted in the second quarter by the most since the Asian financial crisis more than two decades ago, with the central bank downgrading its outlook for this year sharply. Gross domestic product shrank 17.1% compared to a year earlier, its worst showing since

Founder Institute invites Bangladeshi startups for 4th accelerator program

The Founder Institute, the world's largest pre-seed accelerator, on Tuesday announced that it was accepting applications from startup founders, ideators and innovators for its fourth accelerator program. In an effort to ensure the health and safety of the program's mentors,

Bangladesh’s per capita income rises to $2,064

The per capita income in Bangladesh has increased by $155 from $1,909 to $2,064 despite the devastating impact of the coronavirus pandemic. Bangladesh Bureau of Statistic (BBS) on Tuesday revealed the latest figures as provisional data collected from the GDP and per capita income

Hong Kong media tycoon Jimmy Lai arrested under security law

Hong Kong business tycoon Jimmy Lai has been arrested and his newspaper offices raided by police over allegations of collusion with foreign forces. His case is the most high-profile arrest so far under the controversial security law imposed by China in June. Mr Lai has been a

Islami Bank opens Gallamari sub-branch in Khulna

Islami Bank Bangladesh Limited inaugurated its Gallamari sub-branch at Gallamari of Khulna recently.  Swapan Kumar Roy, Executive Director of Bangladesh Bank, Khulna Office inaugurated the sub-branch as chief guest.  Ali Akbar Tipu, Panel Meyor, Khulna City Corporation and

Kuwait suspends flights from 31 countries

  Kuwait's Directorate General of Civil Aviation (DGCA) has suspended flights from 31 countries on the day it resumed commercial operations. Kuwait's DGCA announced plans to restart operations on a three-phase basis, with operating capacity not exceeding 30 percent

Gold hits record high of $1,930 per ounce on haven demand

Gold prices rocketed to a record high on Monday with spooked investors rushed into the safe-haven as the coronavirus spreads across the globe, while the weaker dollar also provided strong support. The metal surged more than one percent to $1,930.48 per ounce in Asian trade, with

First container train arrives from India

DHAKA: The first freight train carrying 50 containers of fast-moving consumer goods (FMCG) and apparel products from India arrived at Benapole via Benapole-Petrapole rail link. The products were handed over to Bangladesh authorities on Sunday, said a press release issued by Indian High

Bashundhara restaurant chain’s products now available at Evaly

DHAKA: Bashundhara restaurant chain’s products are now available in online marketplace Evaly and people now can easily get home delivery of products by using internet and mobile app. Three eateries including Food Hall, Sunflower Restaurant and international kebab franchisee Baba