Wednesday, 27 Nov, 2024

Business

Pakistan gets final approval for $3bn IMF bailout

The International Monetary Fund's (IMF) board has given its approval for a $3bn (£2.3bn) bailout for Pakistan. The crisis-hit nation will get about $1.2bn upfront, with the rest due to be paid out over the next nine months. The South Asian nation was on the brink of

Soybean oil price per litre reduced by Tk 10

The price of per liter bottled soybean oil has been reduced by Taka 10 due to the downtrend in edible oil price in the international market. The price of per litre soybean oil will be Tk 179 and the fresh price will come into effect from tomorrow, said a press release of the Bangladesh

Bangladesh-India begins bilateral trading in rupees

Bangladesh and India today (July 11) launched bilateral trading in Indian rupees (INR) to reduce dependence on the US dollar. Bangladesh Bank and the Indian High Commission jointly announced the use of rupees in trade officially at an event at Hotel Le Meridien in the capital on

Premier Bank Holds Half Yearly Business Conference 2023

The Half-Yearly Business Conference-2023 of the Premier Bank Limited was held today at Renaissance Dhaka Gulshan Hotel. Freedom Fighter Dr. HBM Iqbal, Honorable Chairman, Board of Directors of The Premier Bank Limited graced the occasion as Chief Guest. Managing Director & CEO M

Oil giant Shell warns cutting production 'dangerous'

Cutting oil and gas production would be "dangerous and irresponsible", the boss of energy giant Shell has told the BBC. Wael Sawan insisted that the world still "desperately needs oil and gas" as moves to renewable energy were not happening fast enough to replace

Rupayan Housing Estate Ltd signs deal with China Energy Int’l Group

China Energy International Group, a state-owned company of China, will work as an EPC contractor to make the projects of Rupayan Housing Estate Limited, one of the leading real estate companies of the country, world-class. A Memorandum of Understanding (MoU) was signed between Rupayan

'Entrepreneur's Journey': Book by young entrepreneur Wali Ahmed Rabby

Bangladesh's young entrepreneur Md. Fazle Rabbi Alias Wali Ahmed Rabby has written a book to guide upcoming young entrepreneurs.  The book titled 'Entrepreneur's Journey: From Idea to Success' has become a huge hit among the youth. Currently, Fazle Rabbi is engaged

Grain deal termination may lead to uncertainty in markets – expert

Termination of the grain deal may lead to a higher level on uncertainty not merely in Europe but also in global markets, expert of the Austrian Institute of Economic Research Franz Sinabell told TASS on Tuesday. "We do not know what the consequences for European markets will be

Facebook owner set to launch Twitter rival this week

Facebook owner Meta is launching its new app to rival Twitter and says it will go live on Thursday. The app, which is called Threads and is available for pre-order on the Apple App Store, will be linked to Instagram. Screengrabs show a dashboard that looks similar to Twitter. Meta

Green chilli price drops, now Tk 250 per kg in capital

The green chilli was sold at Tk 250 to Tk 280 per kg in different kitchen markets in the capital on Monday (July 3). According to businessmen, imported green chilli has not come to the market yet. The price will decrease further when the imported chilli will be The land ports of the

Al Hasan Milad icon of today's youth

Al Hasan Milad is an author, entrepreneur, influencer and founder and CEO of International Technology of Bangladesh (ITB).  He has become an icon of the youth society of the country. Currently working for the development of young society. As the youngest Bangladeshi, he is going

Chilli import begins via Bhomra land port

Six trucks carrying green chillies entered the country from India through the Bhomra land port in Satkhira today (July 2). Bhomra Land C&F Agents Association General Secretary Maqsood Alam Khan confirmed the matter. He said that import and export activities have resumed at

Green chilli price hits record high in Bangladesh

The price of green chilli hit an all-time high as it was sold at Tk 800 to Tk 1000 per kg in the kitchen markets across the country, including Dhaka, on Saturday (July 1). In the Jhenaidah Sadar and Shailkupa sub-districts, traders sold green chili peppers at Tk 1000 per kilogram.

No import-export through Hili land port for 6 days

Import and export activities will remain suspended for six days from June 27 to July 2 next through Hili Land Port (HLP) under Hakimpur upazila in Dinajpur on occasion of the Eid-ul-Azha festivity.  According to port sources, import and export activities will remain suspended

Banks asked to ensure smooth ATM, MFS services during Eid vacation

Bangladesh Bank today (June 25) asked banks to ensure uninterrupted online transactions across the country during the Eid-ul-Fitr vacation. The central bank has instructed banks to ensure enough security for payment systems including ATM booths, Point of Sale (POS), Internet Banking,

Rawhide prices fixed at Tk 50-55 per sq foot

The government has increased the prices of rawhide by Tk 3 to Tk 5 per square foot compared to that of the previous year ahead of Eid-ul-Azha. The prices of rawhides of sacrificial cows have been fixed at Tk 50-55 per square foot (sqft) in the capital city and Tk 45-48 per sqft outside

Amazon accused of tricking Prime customers

The US has accused Amazon of tricking customers into signing up for automatically renewing Prime subscriptions and making it difficult to cancel. The Federal Trade Commission (FTC), the country's consumer rights watchdog, made the claims in a lawsuit. It cited allegedly

Union Limited appoints Sarder Showkat Ali as Head of Business

Union Limited, a leading multifaceted group of companies, has appointed Sarder Showkat Ali as Business Head of the Mobile and Tech Division. The conglomerate announced that in a press release. Showkat will look into possible partnership opportunities with the ecosystem players to drive

IndiGo: Record aircraft purchase announced at Paris 

AirshowIndian carrier IndiGo has made a record order for 500 Airbus A320 aircraft - the largest single purchase agreement by any airline in commercial aviation history. The deal, announced on the first day of the Paris Airshow, is worth roughly $55bn (£43bn) before any bulk-order

BB to introduce Taka-Rupee based debit card

Bangladesh Bank has decided to introduce a Taka-Indian Rupee-based debit card to facilitate cardholders in shopping and paying bills domestically. Besides, when traveling to India, there will be a facility for Bangladeshis to spend in Rupees. Bangladesh Bank Governor Abdur Rouf