As China and Peru launched South America’s first Beijing-funded port in Chancay, Peru, on Thursday, the United States called on Latin American nations to be vigilant. The $3.5-billion complex, located 80 kilometers north of Lima, is meant to serve as a major hub for Chinese trade

With multiple pressures mounting on businesspeople and industrial entrepreneurs, new investments in the country have slowed significantly. High-interest bank loans, energy shortages, concerns over law and order, among other issues, have paralysed production systems. Additionally, in

The price of gold has been reduced again in the domestic market on Tuesday (Nov 12). The price of 22-carat gold, has been reduced by 2,519 taka per bhori (11.664 grams), setting the new price at 136,189 taka. This decision to lower the price was made during a meeting of the

To eliminate discrimination in the country, business opportunities should be increased, and in the existing situation, a favourable environment should be created to do business well, said businesspersons at an economic conference on Monday. At the “Third Bangladesh Economic

The Bangladesh Bank (BB) and its Financial Intelligence Unit (BFIU) have clarified that they cannot appoint a receiver for any business without following a lengthy and established procedure. Despite recent media reports citing BFIU, claiming that receivers have been appointed for

Eggs will be sold at an affordable price in 13 locations of the two city corporations of Dhaka from today (Nov 10).  Md Alim Akhter Khan, director general of the Directorate of National Consumers’ Right Protection (DNCRP) said this on Saturday (Nov 9) while addressing a

Bangladesh Jeweller’s Association (BAJUS) on Saturday demanded the arrest and exemplary punishment of those who were involved in the murder of a jeweller in Lakshmipur. The miscreants on a motorcycle stabbed a gold trader, Hira Lal Debnath, to death while he was heading home on a

Eggs will be sold at an affordable price in 13 locations of the two city corporations of Dhaka from Sunday (Nov 10).  Md Alim Akhter Khan, director general of the Directorate of National Consumers’ Right Protection (DNCRP) said this today while addressing a programme at the

The Bangladesh power board has issued a fresh letter of credit (LC) worth $173 million (over Rs 1,450 crore) to Adani Power for continuous power supply, according to people aware of the development. The move comes after Adani Power cut electricity supplies by half and threatened to stop

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle "a severe situation". The company reported a 93 percent plunge in net profit in the first half as CEO Makoto Uchida told

The Bangladesh Jewellers Association (BAJUS) announced a reduction in gold prices on Thursday (November 7). According to a press release, jewelers have lowered the price of gold by Tk3,453 to Tk1,38,708 per bhori (11.664 grams) amid a tariff drop on pure gold in the local market.

India's allocation of aid to Bangladesh for 2024-25 has dipped while that to Sri Lanka and Nepal has gone up, as per details shared by the government with a parliamentary panel. In 2023-24, India had budgeted ₹200 crore as aid to Bangladesh but could spend only ₹120 crore and for

Bangladesh is ramping up payments to Adani Power after the Indian conglomerate cut electricity supplies by half, reportedly over an unpaid $800m bill. Two senior government officials told the BBC they are already processing partial payments to Adani, which supplies 10% of the

Toyota Motor Corp and Joby Aviation Inc, a company developing electric air taxis for commercial passenger service, on Monday announced the completion of Joby’s first international exhibition flight which took place at Toyota’s Higashi-Fuji Technical Center in Shizuoka. The

The price of gold in Bangladesh has dropped after three consecutive hikes.  Bangladesh Jewelers Association (BAJUS) announced that the new prices will take effect on Tuesday (November 5). The cost of 22-carat gold has been reduced by Tk 1,364 per bhori (11.664 grams) and will

The country is facing stagnant investment due to a combination of challenges, including high interest rates, instability in industrial zones, and a power and energy crisis. These factors have stifled job creation and pushed industrial production to a significant low. Amid efforts to

Bangladesh experienced a decrease in issuing Letters of Credit (LCs) for imports in the first quarter of the 2023-24 fiscal year (July-September).  According to a report by Bangladesh Bank, LC openings dropped by nearly 7%, and LC settlements declined by approximately 2.5%

After slashing the power supply to Bangladesh over non-payment of dues, Adani Power has set a deadline of Nov 7 to switch off the flow of electricity if there is no clarity on settlement of the outstanding amount that adds up to almost $850 million (around Rs 7,200 crore).  Adani

Ethiopian Airlines, Africa's largest airline and a Star Alliance member, is set to make its official entry into Bangladesh with the arrival of its inaugural flight on the new Addis Ababa-Dhaka-Addis Ababa route on next Sunday.   The airline will operate five direct flights

The government has lifted all import and regulatory duties on rice to ensure food security and control prices for the common people. The National Board of Revenue (NBR) issued a Statutory Regulatory Order (SRO) on Thursday. Earlier, the Directorate of Food submitted a report on the