DHAKA: The businessmen have been given special facility of rescheduling their debts with a 2 percent down-payment while purchasing rawhide of sacrificial animals during the Eid-ul-Azha. Bangladesh Bank issued a circular in this regard on Sunday (July 5). The traders can avail this

DHAKA: Pathao Cars on Thursday (July 2) officially resumed its services with almost 2,000 BRTA enlisted cars after a 3-month hiatus due to the COVID-19 pandemic. Pathao’s topmost priority is to ensure best service for both our users and drivers, a press release said.  Pathao has

DHAKA: The government has decided to send 24,886 employees of state-owned jute mills into early retirement through ‘golden handshake’ scheme. Textiles and Jute minister Golam Dastagir Gazi came up with the announcement in an online briefing on Sunday (June 28), "We can't

DHAKA: The country's foreign exchange reserve reached to all-time high at $35 billion thanks to surging remittance despite the coronavirus pandemic. The reserve hit new record on June 23 in just 20 days of hitting $34 billion mark on June 3 this year.  Bangladesh Bank sources

DHAKA: Country’s leading business conglomerate T. K. Group handed over 20 Ventilator Machine in Chittagong Medical College, Chittagong General Hospital, Chittagong Field Hospital, Parkview Hospital and Surgiscope Hospital for Corona patient treatment support.  T. K. Group Managing

DHAKA:  As a brand that has always maintained that the difference between ‘ordinary’ & ‘extraordinary’ is the decision to move beyond fears & self-doubt; Mountain Dew is once again set to inspire the youth of Bangladesh to overcome their fears through its "Bhoyer Porei Joy"

DHAKA: Qatar Airways has received an approval to operate flights to and from Bangladesh from 16 June, operating 3 flights per week, according to press statement by the airline issued Wednesday. Following a NOTAM put in place almost three months ago on 22 March, unfortunately a large

DHAKA: The Asian Development Bank (ADB) has approved a $100 million loan to expand the coverage of an ongoing rural road network improvement project in Bangladesh, connecting the rural population to agricultural development zones. This additional financing will scale up the current

Emirates has laid off over a thousand employees including 700 cabin crew and 600 pilots, most of whom flew the superjumbo Airbus A380 or were in training for type-rating the aircraft, sources familiar with the matter told Arabian Business.  "We have endeavored to sustain the current

The global economy, which has plunged into a severe contraction, will shrink by 5.2 per cent this year due to the massive shock of the coronavirus pandemic and the shutdown measures to contain it, the World Bank said on Monday. The COVID-19 recession is the first since 1870 to be

DHAKA: The COVID-19 pandemic is severely affecting the country’s real estate and housing sector that contributes a significant percentage to Gross Domestic Product (GDP).  The construction industry is also closely connected with rod, cement and ceramic, among 458 sub-sectors and all

Though the global demand for shrimp is continuing to rise, Bangladesh is losing the market due to the inability of producing cheap and high-yielding Vannamei shrimp. Bangladeshi farmers are still dependent on expensive black-tiger species while neighbouring countries produce shrimp

DHAKA: Bangladesh High Commissioner to the UK Saida Muna Tasneem said the UK, which is the 2nd largest export destination for Bangladesh, is still attractive especially for Bangladeshi startups in expanding export periphery during the Covid-19 situation.  She said: “Last year,

DHAKA: NIVEA, the world’s No. 1 skin care brand, today announced that it has partnered with multiple e-commerce platforms making its wide portfolio of personal care brands now easily available to consumers with a simple click of their fingertips.  Launched across some of the leading

DHAKA: Prime Minister Sheikh Hasina on Sunday (May 31) announced a new stimulus package to waive Tk 2000 crore bank interest of around 1.38 crore loan recipients. She said this is the 19th incentive package for the borrowers who need not to repay Taka 2000 crore interest of the credits

DHAKA: Bangladesh Bank has asked banks to resume regular banking activities from Sunday (May 31) moving away from limited scale of banking activities due to the coronavirus pandemic. The central bank issued a circular on Thursday (May 28) directing also to enforce safety and hygiene

DHAKA: Syed Manzur Elahi, leading businessperson in Bangladesh, and his wife Niloufer Manzur have been diagnosed with the novel coronavirus (Covid-19). Their son Syed Nasim Manzur confirmed the news. He said that his father is being treated at home while his mother is undergoing

DHAKA: Mobile phone operator Grameenphone (GP) is set to pay last installment of Tk 1,000 crore to Bangladesh Telecommunication Regulatory Commission (BTRC) on Tuesday (May 19) as per Supreme Court order. BTRC Senior Assistant Director Md Zakir Hossain Khan confirmed the news on

DHAKA:  S M Anisuzzaman has joined as the Chief Executive Officer of Bangladesh Infrastructure Finance Fund Limited (BIFFL), one of the biggest Non Bank Financial Institutions in Bangladesh owned by the government of Bangladesh and represented by Finance Division of Ministry of

DHAKA: Bangladesh has sought a two-year duty-free access for its readymade garment (RMG) products to the US market as the coronavirus situation put the sector in trouble amid cancellations of orders worldwide. Foreign Minister Dr AK Abdul Momen made the plea to the US government when