Korea and Bangladesh signed a new Framework Arrangement for $3 billion of concessional loans. This arrangement was signed for the Economic Development Cooperation Fund (EDCF) for the year 2023 through 2027 in Korea.  The signing ceremony was held on the occasion of 56th Annual

The civil aviation ministry said airlines operating in Bangladesh will have to set flight fares in taka instead of dollars from July 1. The move will bring relief to the flyers who have been paying more as the taka loses value against the dollar. Bangladesh Association of

Former Mastercard boss Ajay Banga has been elected to lead the World Bank as it strives to help low-income countries overcome debt and combat climate change. Mr Banga, nominated by President Joe Biden for the post, is the first-ever Indian American to head the bank. He will replace

The gold market kept all of its recent gains as Federal Reserve Chair Jerome Powell signaled a potential pause in tightening following another 25-basis-point rate hike. The Fed’s tenth consecutive increase brought the federal funds rate to a 5-5.25% range – the highest

The US central bank has raised interest rates to the highest level in 16 years as it battles to stabilise prices. The Federal Reserve increased its key interest rate by 0.25 percentage points - its 10th hike in 14 months. The Fed signalled that Wednesday's rise may be its last

The price of bottled soybean oil has been increased by Tk 12 to Tk 199 a litre. The new prices have been made effective from today, said Bangladesh Vegetable Oil Refiners' and Vanaspati Manufacturers' Association. Earlier on December 15 last year, the commerce ministry

IBM will freeze hiring as it expects about 7,800 jobs to be replaced by Artificial Intelligence (AI) in the coming years, the tech giant’s CEO has said. In an interview with Bloomberg News, IBM CEO Arvind Krishna said he could “easily see” nearly one-third of the

The Bangladesh Energy Regulatory Commission (BERC)  has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk57 to Tk1,235 for the month of May. In April, the price was Tk 1,178.  BERC chairman Nurul Amin announced the new price at a press

JP Morgan is set to take over the troubled US bank First Republic in a deal brokered by regulators. The Federal Deposit Insurance Corporation (FDIC) confirmed in a statement that First Republic had collapsed on Monday. Investment banking giant JP Morgan will now take on "all of

The prices of broiler chicken and vegetable have gone up in Dhaka's kitchen markets even after the festival of Eid-ul-Fitr. On Friday (April 28), upon visiting several kitchen markets around the capital including Malibagh, Modhubag and others it was seen that the price of broiler

Collapsed banking giant Credit Suisse says 61.2bn Swiss francs (£55.2bn; $68.6bn) left the bank in the first three months of the year. The announcement gives an insight into the scale of the bank run that caused the 167-year-old lender to fail and triggered its state-backed

World military spending reached an all-time high of $2.24 trillion in 2022, as Russia’s invasion of Ukraine fuelled a sharp jump in military spending across Europe, according to a leading defence think tank. Global spending rose for the eighth consecutive year, the Stockholm

According to the outlook survey conducted by Knight Frank, 6% of the total investable assets of Indian ultra-high net-worth individuals (UHNWIs) were allocated to gold in 2022. India and the Chinese mainland were ranked second on the list with 6% allocation to gold by the UHNWIs of the

The Group of Seven (G7) countries are considering a near-total ban on exports to Russia, Japan’s Kyodo News has reported, citing Japanese government sources. Bloomberg News on Thursday also reported that the United States and Ukraine’s allies were considering “an

US authorities have imposed a $300m (£241m) penalty on tech firm Seagate for allegedly violating export controls of hard disk drives to China's Huawei. Seagate Technology shipped more than $1.1bn worth of goods to Huawei after export controls were introduced in 2020, the

Banks in the industrial areas will remain open today and next two days. Bangladesh Bank issued a directive in this regard on April 13. According to the directive, banks in the industrial areas will remain open from April 19-21 to facilitate payment of garment workers' salary,

The country’s first-ever Jewellery Park is going to be established at Bashundhara City Shopping Complex at Panthapath in the capital. Bangladesh Jewellers’ Association (BAJUS) has undertaken the mega initiative to consolidate business of the precious metal. Sources said

People in their hundreds are thronging Bashundhara City Shopping Complex in the capital to avail themselves of exciting facilities and signature collections of renowned brands ahead of Eid-ul-Fitr and Pahela Baishakh. The premium shopping mall of the country especially pulled in a huge

Bashundhara City Shopping Complex at Panthapath in the capital has housed Jewellery Park to consolidate business of the precious metal. The mega move has been initiated by Bangladesh Jewellers’ Association (BAJUS). Established on level-7 of the shopping complex, the park will

Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks to wean itself off fossil fuels and manage an energy crisis caused by the war in Ukraine. While many Western countries are upping their investments in atomic energy to reduce