Tuesday, 26 Nov, 2024

Business

Alibaba Singles' Day sees $14bn sales in first hour

Chinese e-commerce giant Alibaba delivered strong early sales as its annual Singles' Day shopping frenzy kicked off. The world's biggest online shopping event raked in 100bn yuan ($14bn; £11bn) in sales in just over an hour of trading. A gala featuring pop star Taylor Swift

India to continue onion export to Maldives amid shortage

DHAKA: Although India is in the midst of yet another onion crisis, the Indian government has informed the Maldives that it would continue to export onions to the island nation at the same quantity as before. Maldives is wholly dependent on India for all its essential commodities. The

Japan 'glasses ban' for women at work sparks backlash

Wearing glasses at work has become an emotive topic in Japan following reports that some firms have told female employees to remove them. Several local news outlets said some companies had "banned" eyewear for female employees for various reasons. Among them, some retail chains

One Bank signs MoU with SSD-Tech to launch Visual IVR

DHAKA: One Bank Ltd. has recently signed a Memorandum of Understanding (MoU) with SSD-Tech to enable the bank to reach out to its traditional account holders and convert them into digital wallet holders of the bank's mobile wallet - OK Wallet.  The signing ceremony took place

City Bank transactions to remain closed for 70 hrs

DHAKA: All transactions of the City Bank (except credit cards) will remain closed for 70 hours for conducting system upgrade activities for customer service development. Yahya Mirza, Head of PR and Media at the City Bank Limited, said all services except credit cards will be suspended

153 more Bangladeshi workers return from Saudi

DHAKA: 153 more Bangladeshi workers have returned from Saudi Arabia, the largest labor market of this country, according to Migration Programme of BRAC, a non-government organization.              BRAC sources said the workers arrived in Dhaka by a flight of Saudi Airlines

Incentives in leather sector to continue for 5 more yrs

DHAKA: Prime Minister Sheikh Hasina announced continuation of incentives in leather sector for at least five more years in a bid to attain the desired export target of the leather and footwear industry. The prime minister was addressing while inaugurating the third edition of three-day

Onion crisis to be over soon: PM

GANABHABAN:  Amid ongoing onion crisis countrywide, Prime Minister Sheikh Hasina said it will be over soon. “There will be no more onion crisis. It's temporary. It will be okay within a few days. Already, enough onions have arrived. More to come,” the premier told a press

Ghotok Pakhi Bhai’s bank info sought

DHAKA: The National Board of Revenue (NBR) has asked all banks to provide information on wealth under the accounts held by Ghotok (matchmaker) Pakhi Bhai. Pakhi Bhai is the owner of marriage media Ghotok Pakhi Bhai Private Limited. NBR sources said on Monday (October 28) that they

HSBC warns of 'challenging' outlook as profit falls

HSBC has said its performance in parts of Europe and the US was "not acceptable" as the bank reported a drop in third quarter profits. Europe's largest bank said profit before tax fell 18% to $4.8bn (£3.8bn) in the three months to September, missing analysts' estimates. In

AB Bank on Sales Techniques for Relationship Managers

DHAKA:  AB Bank Training Academy organized the ever first training program on Sales Techniques for Relationship Managers.” This training program was for the major Branches of the Bank. This training program was run by Mr. Abdur Rahman-Deputy Managing Director of the Bank.

Onions being sold at Taka 130 in Sylhet

SYLHET:  Onions are being sold at Taka 130 in the open markets of Sylhet amid ongoing crisis of this essential commodity countrywide. However, the price has soared up to Taka 150 in countryside areas. Traders said the price is likely to reach as much as Taka 200 in 1/2 days.

Bangladesh steps 8 notches up in ease of doing business ranking

DHAKA: Bangladesh is ranked 166 among 190 economies in the ‘Ease of Doing Business Index 2020’, according to the latest World Bank annual ratings released on Thursday.  The rank of Bangladesh was 176th among 190 countries in the previous ranking last year, an improvement by eight

Mastercard India elevates Vikas Varma to Chief Operating Officer

Mastercard, a leading technology company in the global payments industry, announced the elevation of Vikas Varma to Chief Operating Officer. Vikas has been associated with Mastercard since 2005 and has held various leadership roles, including overseeing business, market and merchant

Bangladesh now lucrative destination for investment

JAKARTA: The people of Indonesia heard the story of Bangladesh's progress under the dynamic leadership of Prime Minister Sheikh Hasina. No Bangladeshi political party or government authority, Indonesia's Foreign Ministry officials praised Bangladesh at agreement signing

German businessmen urged to invest in Bangladesh

DHAKA: Mentioning the investment-friendly environment and policies that exists in Bangladesh, Foreign Minister AK Abdul Momen invited German entrepreneurs and businessmen to invest in Bangladesh.   The minister made the urges in a meeting with German businessmen in Berlin, according

China's economy grows at slowest rate since 1990s

DHAKA: China's economy grew at its slowest pace since the early 1990s in the third quarter, official figures showed. In the three months to September, the economy expanded 6% from a year earlier, falling just short of expectations for 6.1% growth, BBC reported. The slowdown

‘Bangladesh-Indonesia trade to get momentum’

JAKARTA: Bangladesh and Indonesia have signed an agreement to accelerate the import and export of both the countries, which will have various benefits including lower tariffs. Indonesian Vice-President Muhammad Jusuf Kalla inaugurated the Indonesia International Trade Expo in Jakarta

Indian-origin Abhijit, wife, U.S.-born scientist win Nobel Prize in economics

DHAKA: Abhijit Banerjee, Esther Duflo and Michael Kremer were awarded the Nobel Prize in economics on Monday for research on alleviating global poverty. The trio pioneered an approach to poverty reduction that was based on carefully designed experiments that sought answers to specific

UKBCCI honors Tasmin Lucia-Khan

Ten British Bangladeshi residents, including former BBC News TV presenter, Tasmin Lucia-Khan, from a diverse range of industries, were honoured for their personal contributions and achievement, at the annual UKBCCI Awards, which took place in central London. Tasmin received the