Friday, 21 Jan, 2022

Business

India may start full operations at Chabahar port by May end

India expects to start full-scale operations at Iran’s Chabahar general cargo port it has built by the end of May, the country’s shipping minister said in a boost for regional trade. India has been developing a part of the port on Iran’s south-eastern coast along the

RMG sector needs to be bent on synthetic threads

Experts stressed use of synthetic threads in RMG sector to beat the global competition on the part of the country’s main remittance earning sector. Bangladesh is the second largest garments exporting country of the world, requiring it to divert to artificial thread to retain the

India, Philippines sign key defence pact, set ball rolling for BrahMos missile sale 

New Delhi: India and Philippines have signed a key enabling pact that will pave the way for government-to-government deals on defence equipment including the supersonic BrahMos cruise missile in the future.  The ‘Implementing Arrangement’ concerning the procurement of

Gold prices drop by Tk 1,516 per bhori

The prices of gold decreased by Tk 1,516 to Tk 72,667 a bhori (11.664 grams) in the local market on Wednesday. Bangladesh Jewellers Samity (BAJUS) took this decision to balance the market in line with the prices of gold in the international market, said a press release. The new

Global price-hike in raw material hits local cement market

Price hike of clinker, the main raw material for cement production, in the international market has affected the cement prices in the local market. Besides, increasing cost of freight on board (FOB) and cost & freight (CFR) fueled the cement price in Bangladesh. According to

Mukesh Ambani richest Asian as China’s Zhong loses $22b

MUMBAI: India’s Mukesh Ambani is back to being the wealthiest person in Asia, foreign media reported. Despite a brutal week for markets, his Reliance Industries Ltd. was relatively unscathed as it said it would spin off its oil-to-chemicals business into an independent unit. With

India to invest 530 million for reconstruction 25 health posts in Nepal

The Embassy of India in Nepal on Friday said that it has signed four Memorandums of Understandings (MoUs) with Nepal for the reconstruction of total 25 health posts “Twelve health posts are located in Dhading district and 13 are located in Sindhupalchowk district and these health

2-month fishing ban in hilsa sanctuaries from Monday

The government imposed a two-month ban on fishing, starting from Monday, in major five hilsa sanctuaries of the country in a bid to protect Hilsa fry. Public relations officer of the ministry concerned Md Iftekhar Hossain came up with this information on Sunday. The fishing,

Regulatory factors to influence stock market the most

Respondents also said market fraud and manipulation would remain the most critical ethical issue that the capital market would face in 2021 Regulatory initiatives and incentives will influence the stock market the most in 2021, according to the majority of respondents in a survey.

"India keen to use Bangladesh’s river ports for goods transportation"

Indian High Commissioner to Bangladesh Vikram Kumar Doraiswami on Tuesday said India is very much interested in using the internal river routes of Bangladesh for goods transportation.    The High Commissioner paid a courtesy visit to Dhaka Chamber of Commerce & Industry

Uber drivers are workers not self-employed, Supreme Court rules

Uber drivers must be treated as workers rather than self-employed, the UK's Supreme Court has ruled. The decision could mean thousands of Uber drivers are entitled to minimum wage and holiday pay. The ruling could leave the ride-hailing app facing a hefty compensation bill, and

World Bank names former Senegal finance minister to head IFC

The World Bank on Thursday announced that it has Selected former Senegal finance minister Makhtar Diop to lead the agency responsible for private sector finance at a critical time for the global recovery. He would be the first African to lead the International Finance Corporation

JCI president Niaz Morshed Elite visits Banglanews

Niaz Morshed Elite, the National President of Junior Chamber International (JCI) Bangladesh, visited the office of the country's leading online news portal banglanews24.com Sunday (Feb 14). The young entrepreneur and political icon also exchanged views with the journalists and

imo Partners with Pritom Hasan to Launch Special Valentine’s Day Theme Song Celebrate Love Together

imo, in its continued efforts to bring people of Bangladesh closer and enhance their connectivity with loved ones, has partnered with popular Bangladeshi singer-songwriter Pritom Hasan to release a special love song titled “CelebrateLoveTogether” on Valentine’s Day.

East West Media Group receives best taxpayer award

East West Media Group Limited (EWMGL), a concern of the country’s leading business conglomerate Bashundhara Group, has been honoured once again as the top taxpayer in print and electronic media category. The National Board of Revenue (NBR) on Thursday handed over the tax card to

India facilitates Bangladesh-Nepal transit for fertilizer export

India facilitated the transit of fertilizer export to Nepal from Bangladesh via Rohanpur-Singhabad rail route with a view to boost to sub-regional connectivity and cooperation. An agreement was signed between Bangladesh and Nepal in 1976 under which export commodity from Bangladesh to

Bashundhara Bitumen Plant begins commercial operation

Bashundhara Bitumen Plant, a concern of Bashundhara Oil and Gas Company Ltd, has formally begun its commercial operation.     Ten renowned dealers were supplied quality bitumen from its plant at Pangaon of Keraniganj in Dhaka on Sunday morning. Bashundhara Group Managing

Decision on Trade Fair depends on Corona situation: Minister

Commerce Minister Tipu Munshi on Sunday said the decision to commence Dhaka International Trade Fair would be finalized after observing the coronavirus situation.  The minister made the announcement at a virtual program at the Secretariat. Chinese Ambassador to Bangladesh Li

Saudi Arabia, UAE retain $2b financial support

Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion loans that matured last month, indicating a thaw in relations between Pakistan and the two key Gulf nations. Saudi Arabia has retained the remaining $1 billion cash deposit, a senior government

India supplies mobile harbor cranes to Iran for development of Chabahar port

The first tranche of equipment consisting of two 140-ton mobile harbor cranes was shipped by India on Sunday for the development of phase 1 of Shahid Beheshti Port in Iran’s Chabahar. “J P Singh, JS(PAI) MEA India handed over two 140-ton mobile harbor cranes, the first