Wednesday, 30 Sep, 2020

Business

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

Bizli Cables opens 4 more outlets

Bizli Cables has opened four new outlets at different places of the country.  Executive Director of Bizli Cables ASM Hasan Nasir recently inaugurated the outlets in Kapasia of Gazipur, Companiganj (Muradnagar Upazila) of Cumilla, Monohardi of Narsingdi and Mathbaria of Pirojpur,

Consumers worried about onion price-hike

The unusual surge in the price of onions has hit low-income people hard while the government initiatives are hardly helping contain the price-hike. Onion prices have gone up by Tk30-40 per kg in the retail and wholesale markets of the country after India suspended import of the popular

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.