Italy has moved to block a Chinese state-owned company from taking control of tyre making giant Pirelli. The decision is part of measures announced by Italy's government to protect Pirelli's independence. Beijing-controlled chemical giant Sinochem is Pirelli's biggest

The Bangladesh Bank (BB) will announce its monetary policy statement (MPS) on Sunday for the first half of the financial year 2023-24. BB Governor Abdur Rouf Talukder will announce the MPS at a press conference at the central bank headquarters in the city, said a press release. The

iPhone maker Foxconn is betting big on electric cars and redrawing some of its supply chains as it navigates a new era of icy Washington-Beijing relations. In an exclusive interview, chairman and boss Young Liu told the BBC what the future may hold for the Taiwanese firm. He said

The Premier Bank Limited held its 24th annual general meeting through digital platform on Wednesday, June 14, 2023.  The participants and shareholders present at the AGM duly approved all agendas including the audit report and 12.50% cash and 7.50% stock dividend for the year

The cement industry, one of Bangladesh’s emerging sectors, is passing through a tough time due to additional duties on raw materials import, said the manufacturers. President of Bangladesh Cement Manufacturers Association (BCMA) Md Alamgir Kabir spoke at a press conference in

US billionaire philanthropist George Soros has handed over the running of his $25bn (£19.9bn) financial and charitable empire to his son Alex. The Hungarian-born financier said his son had "earned it", in an interview with the Wall Street Journal. Since the 1990s the

The Commonwealth Enterprise and Investment Council (CWEIC) has announced the inaugural Commonwealth Trade and Investment Forum, set to take place in Dhaka, on the 13th and 14th of September this year.  Prime Minister's Private Industry and Investment Adviser Salman F Rahman,

Private sector’s Shahjalal Islami Bank is in trouble with realisation of the loan from Dhaly Construction and grant of new loan of Tk 408 crore to the company. The loan was disbursed without adequate collateral and verifying the financial status of the customer. According to the

The government has slashed the prices of soybean oil by Tk10 per litre to Tk 189 per litre.  Besides, the price of palm oil has been reduced by Tk2 to Tk133 per litre at the retail level. Tapan Kanti Ghosh, senior secretary of the Ministry of Commerce, made the announcement on

Bangladesh has transformed into the world's most advanced refrigerator producer country. Leading global electronics brand Walton has unveiled AIoT (Internet of Things) based Giantech (GT) series three new models of smart refrigerators. These new models included South Asia's first

The Bangladesh Jewellers Samity (BAJUS) has announced to increase the price of pure gold prices by Tk 1,283 per bhori for the local market. According to the new rates, each bhori or 11.664 grammes of 22-carat gold will be sold at Tk 98,444, price of gold per 21 carat has been reduced

About four months after US short seller Hindenburg Research shook Indian financial markets with a bombshell report on the Adani Group, the conglomerate’s stocks are finding it hard to shake off the impact. While two of Adani’s 10 stocks have bounced back strongly, a full

Although the proposed budget for the 2023-24 fiscal year (FY) showed a ray of hope, the expectations of the jewelry industry were not fulfilled. Eleven out of the 12 proposals made by the Jewelers Association of Bangladesh (BAJUS), were not taken into consideration in the budget. The

Saudi Arabia will make deep production cuts in July as part of a broader output-limiting Opec+ deal as the group faces flagging oil prices and a looming supply glut. Saudi Energy Minister Prince Abdulaziz said the cut of one million barrels per day (bpd) by Riyadh could be extended

The government today (June 4) has permitted the import of onions from Monday in response to recent rising prices. A notification has been issued in this regard by the Ministry of Agriculture. The Ministry of Agriculture made the decision in the interest of limited-income people who

Akij Ceramics, the number one brand in the ceramic tile industry in Bangladesh, has opened another exclusive showroom at the country’s prominent location of tiles market, Barishal.  Consecutively Four times best brand award & Super Brand award winner Akij Ceramics has

The government has not announced any new incentive for local industry development in the proposed budget for the fiscal year (FY) 2023-24, but imposed additional VAT on some local manufacturers like smartphone manufacturers, software development and customisation.  Foreign

In a bid to reduce the sufferings of poor and middle-class customers, Bashundhara Group started fair price sales of 21 essential commodities in eight divisional cities including Dhaka on Thursday (June 1) ahead of Eid-ul Azha. Bashundhara Food and Beverage arranged ‘fair price

Finance Minister AHM Mustafa Kamal today (June 1) said that a digital bank would be set up within the next fiscal year to broaden and accelerate financial inclusion efforts.  "A Bangladesh Bank committee is working to work out strategies to broaden and accelerate financial

Finance Minister AHM Mustafa Kamal today (June 1) said the government wants to keep the corporate tax rates unchanged for all sectors for the fiscal year 2023-24. He said: "From FY2020-2021 to FY2022-23, the corporate tax rate has been reduced every year. Considering all these, as