Saturday, 01 Mar, 2025

Business

Community-Based Enterprise Development (C-BED) Programme Launched in Bangladesh

Community-Based Enterprise Development Bangladesh Programme has started the journey by launching the piloting on October 30, 2020.  This C-BED Bangladesh programme cohort will be held entirely online to ensure the programme's mentors, partners, and participants' health and

Bashundhara Bitumen Plant to produce quality bitumen: R&H Dept

Bashundhara Bitumen Plant would help reduce the country’s dependence on imported bitumen, Roads and Highways Department officials and experts said. Bashundhara Bitumen Plant has a huge potential to export its products after meeting local demands, they added. Top officials of

LG Bangladesh donated Covid-19 testing to ICDDR, B

LG Electronics has donated the Covid-19 testing kit to the Dhaka branch of the International Center for Diarrhea Research (ICDDR, B). The kit was delivered on 22 October. LG Bangladesh has extended a helping hand to determine the exact outcome of the Covid-19 and to improve the Corona

US approves $1.8bn weapons sale to Taiwan

The US has approved arms sales to Taiwan worth around $1.8bn (£1.4bn), in a move that is likely to increase tensions with China. The Pentagon said the deal comprised three weapons systems including rocket launchers, sensors and artillery. Taiwan, which considers itself a

Cathay Pacific axes regional carrier and 8,500 jobs

Cathay Pacific has announced it is closing its subsidiary Cathay Dragon and cutting 8,500 jobs. Cathay Dragon was a full-service regional carrier flying mainly to mainland China and other Asian destinations. Hong Kong-based Cathay Pacific says it hopes to retain most of Cathay

Red Cow Butter Oil celebrates Int'l Chefs Day 2020 in Bangladesh

Red Cow Butter Oil, a concern of New Zealand Dairy Products Bangladesh Limited, celebrated the International Chefs Day 2020. The event was held at Emmanuel's Convention Centre in the capital on Tuesday.  Mohsin Uddin Ahmed, CEO of New Zealand Dairy Products Bangladesh

TCB to sell potato at Tk 25 per kg

Commerce minister Tipu Munshi said state-owned Trading Corporation of Bangladesh (TCB) was set to start selling potato at Tk 25 per kg by three days. The government has taken the decision following the potato price hike in markets, the minister said. He was briefing the press at the

Final stage of physical start-up underway at Belarusian NPP

Unit No. 1 at the Belarusian Nuclear Power Plant, equipped with the VVER-1200 reactor has been brought to minimum control power (MCP).  Minimum control power level is reached when neutron flux is recorded in a reactor working at a level sufficient to sustain a fission chain

Mastercard's Girls4Tech program reaches 1 million girls in 30 countries

Mastercard (NYSE: MA) on Monday announced that its signature STEM education program, Girls4Tech™, reached its initial milestone goal of educating one million girls.  Ahead of UNICEF’s International Day of the Girl Child on October 11 , Mastercard has set a new goal for

Bangladesh needs to improve investment climate: Ito Naoki

With direct and indirect incentives and the improvement of investment climate, Japanese Economic Zone in Araihazar will become number one investment destination among many other economic zones in Asia, said Japanese Ambassador in Dhaka Ito Naoki. The Japanese envoy was sharing his

E-commerce grocery GoGrabi launched

E-commerce venture GoGrabi hits market focusing community-based grocery delivery alongside of creating employments following ‘Social Enterprise’ model. GoGrabi, an initiative by Nexio Retail Concept’s Limited, plans to utilize a hyper-local model and provide a fast

Bangladesh, US sign agreement on flight operations

Bangladesh has signed an air transport agreement with the United Sates on the operation of flights between two countries.  Under this bilateral agreement, Biman Bangladesh Airlines and private airline companies will be able to operate direct flights between Dhaka and New York.

ADB grants $3m to Bangladesh for Covid-19 vaccine

The Asian Development Bank (ADB) has approved additional USD 3 million in grant assistance for the procurement and supply of Covid-19 vaccine in Bangladesh. ADB’s Dhaka office made the disclosure through a press release on Tuesday. According to the release, Bangladesh

Dhaka Regency Tourism Fest 2020 kicks of Thursday

For many countries and nations Tourism is the key source of national income. While neighboring country’s tourism weighs high on GDP, Bangladesh’s tourism barely contributes anything into GDP.  Affected the most by Corona Pandemic, the tourism sector prepares

Asian stock markets continue the global fallout

Stock markets in Asia suffered on Tuesday from the fallout from UK and US investors worried about a rise in coronavirus cases. The biggest falls in the region were recorded in Australia, where shares hit a three-month low. Investors have also been rattled by dimming hopes for more

Govt withdraws 5pc duty on onion import

The government has decided to withdraw 5 percent duty on import of onion with a view to contain the market price and increase stock. The move will also encourage importers to import the product from alternative markers as India put a ban on onion export.  Confirming the

Pathao launches new gaming service for users

Recently Pathao has launched its newest addition to the lifestyle app- Pathao Games. It is a gaming service aimed at making gaming easier to access for all the users. Pathao has integrated with Go-Games to introduce this new feature for the users. This initiative was mainly taken to

ADB’s grant funds to get $4 billion donation

Donors have agreed to a replenishment of over $4 billion for the Asian Development Bank’s (ADB) Asian Development Fund (ADF) 13 and Technical Assistance Special Fund (TASF) 7, for the 4-year period from 2021 to 2024. The replenishment meeting was held Wednesday on the eve of the

Bashundhara Group secures Tk 700cr in syndicated loan

Bashundhara Industrial Complex Ltd, a concern of the country’s leading business conglomerate Bashundhara Group, has signed an agreement to mobilise Tk 700 crore under a syndicated term loan from lead arranger Bank Asia and five other banks. Under the agreement, Bank Asia and five

ADB set to begin 2nd stage annual meeting

The Asian Development Bank (ADB) will begin second stage of its 53rd Annual Meeting of the Board of Governors via virtual meetings and online seminars on Friday. Ministers from ADB members, ADB management, and development and industry experts will discuss a range of issues confronting