Business

Salehuddin Ahmed, former governor of Bangladesh Bank, has underscored the need for ensuring good governance to eradicate irregularities in the country’s banking sector. “The ongoing crisis in the banking sector cannot be resolved solely through bank mergers. In addition, it is imperative to prioritise good governance to get rid of the situation,” said the former BB governor on Saturday. He ...

Following in the footsteps of his father and grandfather, he and his business collect scrap gold from jewellers, melt it down and sell it back to the jewellers in the form of gold bars. He has two refineries, one in Kochi in the southern state of Kerala and the other in Tiruchirappalli in Tamil Nadu. Relatives have refineries elsewhere in ...

Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country’s booming but crowded market for electric cars. The tech company will start taking orders for the SU7, a sporty four-door sedan, following a launch event with founder Lei Jun in Beijing on Thursday evening. Analysts think it will be priced in the 300,000 yuan ($40,000) range, ...

Bangladesh will import 50,000 metric tons of onion from India. Cabinet Committee on Economic Affairs in a meeting on Wednesday approved in principle a proposal of the Commerce Ministry in this regard, reports UNB. Finance Minister Abul Hassan Mahmood Ali presided over the meeting. As per the proposal, state-owned Trading Corporation of Bangladesh (TCB), a subordinate body of the Commerce ...

Biman Bangladesh Airlines is set to resumes its direct Dhaka-Rome-Dhaka flight early hours of Wednesday after nine years as its third European destination after London and Manchester aspiring to serve large number of expatriate Bangladeshi community residing in Italy. Civil Aviation and Tourism Minister M Faruk Khan inaugurated the opening flight virtually at a ceremony held at at Hazrat Shahjalal ...

Metro Rail will ply one hour more from Wednesday (March 27) or the 16th Ramadan to ensure uninterrupted services to passengers ahead of Eid-ul-Fitr. Instead of up to 8:40pm everyday, the metro rail will ply up to 9:40pm. The Dhaka Mass Transit Company Limited (DMTCL) informed it in the Metro Rail’s new timetable on Tuesday (March 26). The new timetable ...

Individuals found to be involved in financial irregularities will be barred from leading Non-Bank Financial Institutes (NBFIs) as managing director or chief executive officer. The Department of Financial Institutions and Markets of Bangladesh Bank issued detailed guidelines on the appointment of MDs/CEOs for NBFIs on Monday. The move had been sounded out by the central bank in recent weeks, as part of ...

Trade between Bangladesh and India through Benapole-Petrapole land port remained suspended since Monday morning due to India’s DolYatra and Bangladesh’s Independence Day holidays. Though export and import have been suspended, the unloading of goods and other activities of the port remained uninterrupted. Karthik Chakraborty, general secretary of Petrapol C&F Staff Welfare Association of India and Sajedur Rahman, general secretary of ...

Bangladesh Railway on Sunday started selling advance tickets for Eid-ul-Fitr. Tickets are available online. And the ticket sale will continue till March 30. The authorities sale first day’s train tickets for April 3 and tickets for April 4, 5, 6, 7, 8, and 9 will be sold on March 25, 26, 27, 28, 29 and 30 respectively. Bangladesh Railway said that tickets ...

India has extended its ban on onion exports indefinitely — a surprise move that comes ahead of a general election and is set to exacerbate high prices in some overseas markets. Imposed by India — the world’s biggest exporter of the vegetable — in December, the ban was due to expire on Mar 31. Traders had anticipated it would be ...