Business

The US dollar hit a fresh 24-year high against the Japanese yen on Thursday, breaking through the 145 level after Japan’s central bank left its ultra-loose monetary policy unchanged. News of the Bank of Japan’s decision sent the dollar surging to as much as 145.28 yen, before easing back slightly. That call widens the gulf between Japan and other major ...

The government will procure 1.65 crore litres of soybean oil for the state-run Trading Corporation of Bangladesh (TCB). The decision was taken today at a meeting of the Cabinet Committee on Government Purchase (CCGP) chaired by Finance Minister AHM Mustafa Kamal. Briefing reporters virtually after the meeting, Cabinet Division Additional Secretary Abdul Barik said the cabinet committee approved three procurement ...

The Indian government has said it has discussed the feasibility of institutionalising rupee-riyal trade with its South Arabian counterpart, reports Reuters. Both governments reaffirmed cooperation in joint projects including a refinery in western India, LNG infrastructure investment and development of strategic petroleum storage facilities in India, the statement added.

Bangladesh received inward remittance worth over USD $1008.67 million (1,000 million = 1 billion) in the first 15 days of September, amid forex crisis in the country. Bankers said remittance inflow shows an upward trend as the remitters are encouraged by the depreciation of taka and they get more than Tk 108 per dollar, UNB reports. The remittance inflow is ...

BRAC Bank and SME Foundation have jointly conducted a comprehensive entrepreneurship development and financial integration programme for promising women entrepreneurs in Jashore. The three-day intensive training programme is part of a series of entrepreneurship development training sessions to be organized in six districts, said a press release on Sunday. The first and second batch trainings were conducted in Rangpur and ...

Uber’s computer network has been hacked. The ride-hailing company said it was investigating after several internal communications and engineering systems had been compromised. The New York Times first reported the breach after the hacker sent images of email, cloud storage and code repositories to the newspaper. Uber staff were told not use the workplace messaging app Slack, the report said, ...

Commerce Minister Tipu Munshi has said the government will fix the retail prices of nine essential commodities within a week keeping in pace with world market. Besides, hanging of the price list will be made mandatory at all shops to bring stability in the market, he said. The Commerce Minister made the remarks while responding to a question of a ...

Samsung Electronics is shifting away from fossil fuels and aiming to entirely power its global operations with clean electricity by 2050, a challenging goal that experts say could be hampered by South Korea’s modest climate change commitments. South Korea-based Samsung is a top producer of computer memory chips and smartphones and, by some estimates, the biggest energy consumer among hundreds ...

Bangladesh on Tuesday exported a locally built 6100-ton load capacity high-speed multipurpose container ship to the UK. This is the largest container ship built in the country that has been exported, according to the ship’s builder. Ananda Shipyard, a Bangladeshi shipbuilding company, has built the ship as per the requirements of UK-based Enzian Shipping Company Ltd. The vessel was officially ...

Bangladesh Bank (BB), the central bank of the country, has raised the inter-bank exchange rate to Tk 96 for per dollar The rate was increased by Tk 1 on Monday after banks decided to monetise expatriate income at Tk 108 and export bill at Tk 99 on Sunday. The central bank sold the dollar of worth Tk 6.5 crore to ...