Saturday, 01 Mar, 2025

Business

Mastercard India elevates Vikas Varma to Chief Operating Officer

Mastercard, a leading technology company in the global payments industry, announced the elevation of Vikas Varma to Chief Operating Officer. Vikas has been associated with Mastercard since 2005 and has held various leadership roles, including overseeing business, market and merchant

Bangladesh now lucrative destination for investment

JAKARTA: The people of Indonesia heard the story of Bangladesh's progress under the dynamic leadership of Prime Minister Sheikh Hasina. No Bangladeshi political party or government authority, Indonesia's Foreign Ministry officials praised Bangladesh at agreement signing

German businessmen urged to invest in Bangladesh

DHAKA: Mentioning the investment-friendly environment and policies that exists in Bangladesh, Foreign Minister AK Abdul Momen invited German entrepreneurs and businessmen to invest in Bangladesh.   The minister made the urges in a meeting with German businessmen in Berlin, according

China's economy grows at slowest rate since 1990s

DHAKA: China's economy grew at its slowest pace since the early 1990s in the third quarter, official figures showed. In the three months to September, the economy expanded 6% from a year earlier, falling just short of expectations for 6.1% growth, BBC reported. The slowdown

‘Bangladesh-Indonesia trade to get momentum’

JAKARTA: Bangladesh and Indonesia have signed an agreement to accelerate the import and export of both the countries, which will have various benefits including lower tariffs. Indonesian Vice-President Muhammad Jusuf Kalla inaugurated the Indonesia International Trade Expo in Jakarta

Indian-origin Abhijit, wife, U.S.-born scientist win Nobel Prize in economics

DHAKA: Abhijit Banerjee, Esther Duflo and Michael Kremer were awarded the Nobel Prize in economics on Monday for research on alleviating global poverty. The trio pioneered an approach to poverty reduction that was based on carefully designed experiments that sought answers to specific

UKBCCI honors Tasmin Lucia-Khan

Ten British Bangladeshi residents, including former BBC News TV presenter, Tasmin Lucia-Khan, from a diverse range of industries, were honoured for their personal contributions and achievement, at the annual UKBCCI Awards, which took place in central London. Tasmin received the

7.2pc GDP for FY 2019-20: WB

DHAKA: World Bank (WB) forecast the Gross Domestic Product (GDP) growth rate of Bangladesh at 7.2 per cent for the fiscal year 2019-20. WB’s Dhaka office published a report titled ‘Bangladesh Development Update October 2019: Tertiary Education and Job Skills’ on Thursday (October

Govt introduces 2pc incentive on remittance

DHAKA: The government has started giving an incentive of two percent in remittance sent by expatriate Bangladeshi to encourage them sending money through legal channels, Finance Minister AHM Mustafa Kamal said.  “It has been made effective since July 1, 2019,” the minister said

Action if more than govt-set price of onion charged

DHAKA: Dhaka South City Corporation (DSCC) Mayor Sayeed Khokon said that if anyone wants to destabilize the onion market by hiking prices or selling more than the government-fixed price. He came up with the warning note while talking to reporters during visit to Palashi Bazar in the

Bangladesh joins Medical & Pharma Fair in Saudi Arabia

DHAKA: Bangladesh has joined Medical & Pharmaceuticals Trade Fair in Riyadh of Saudi Arabia that started on Monday (Sep 30).   The Saudi Food and Drug Authority (SFDA) has arranged the three-day expo and its third annual conference.  The Bangladesh Embassy in Riyadh informed this

Drive at onion wholesale hub

CHATTOGRAM: Chattogram district administration started raiding wholesale hub of onion at Khatunganj in the port city on Tuesday (Oct 1) morning.  Executive Magistrates Md Touhidul Islam and Md Ashraful Alam are leading the drive that started from 11am. Magistrate Md. Ashraful Alam

Create Social Business Banks for the Poor: Yunus at UN event

On September 27th, Final Report of the Financial Sector Commission on Modern Slavery and Human Trafficking was formally released in the UN as an important UN event in New York. This Commission was set up during the UN General Assembly meeting of the previous year at the initiative of

First shipment of Hilsa reaches India

BENAPOLE (JASHORE): After seven long years, Bangladesh government has allowed export of 500 metric tonnes of hilsa on the occasion of Durga Puja. In the first shipment, eight trucks carrying 30 metric tonnes of hilsa entered India through the Benapole port. Assistant Revenue Officer

Digital payment app Dmoney launched

DHAKA: Commercial operation of digital payment app Dmoney has been launched. Operation began at a press conference at the Westin Hotel in Dhaka on Monday (Monday 29).  Mr. Anjan Chowdhury, Chairman of Dmoney and Director, Square Group, Mr. Md. Mezbaul Haque, General Manager,

India bans onion exports with immediate effect

DHAKA: India has prohibited exports of onions in the wake of its rising prices in the country. The commerce and industry ministry on Sunday amended the export policy of onion from free to prohibited. India exported fresh and chilled onions worth $496.82 million in 2018-19. “Export

Daraz ‘Fan Meet’ now in Narail after 30 districts

DHAKA: Country’s biggest online market place Daraz Bangladesh Limited (Daraz.com.bd) has launched ‘Fan Meet’ to facilitate communication between customer and high officials. Through ‘Fan Meet,’ supervised by Daraz Fan Club, customers can talk to high officials in person.

24 tonnes hilsa on way to India Sunday

BENAPOLE: The first shipment of 500 metric tonnes of hilsa fish, allowed by the Bangladeshi government on the occasion of Durga Puja, will be exported to India through the Benapole port on Sunday (Sep 29). Some 24 metric tones, the first shipments of hilsa fish is going to India on

American Chamber holds 23rd AGM

American Chamber of Commerce in Bangladesh (AmCham) held its 23rd Annual General Meeting (AGM) on September 26. The meeting took place at its own office premises at The Pearl Trade Centre, Pragati Sharani, Dhaka. AmCham President Md. Nurul Islam presided over the meeting. Mr.

Bangladesh seeks more US investment

NEW YORK: Highlighting Bangladesh’s liberal investment policy, Prime Minister Sheikh Hasina sought more US investment and engagement for Bangladesh’s further development. The premier was addressing a “Luncheon Roundtable Meeting” organised by the US Chamber of Commerce at Lotte