Home / Business

Business

bKash asks distributors to remain compliant

bKash, the largest mobile financial service provider of the country, reiterated on strict enforcement of anti-money laundering and combating the financing of terrorism (AML&CFT) laws at the annual distributors’ conference in Dhaka recently. The “Annual Distributors’ Meet 2019” was held at the hotel InterContinental Dhaka  participated by more than 200 distributors across the country to train and motivate everyone to ...

Read More »

China to raise retail fuel prices

China will raise the retail prices of gasoline and diesel from Tuesday, the country’s top economic planner said Monday. Based on recent changes in international oil prices, the retail prices of gasoline and diesel will rise by 70 yuan (about 10 U.S. dollars) and 65 yuan per tonne, respectively, according to the National Development and Reform Commission. Under the current ...

Read More »

Saudi Aramco to sell 1.5% stake, valuing company up to $1.7T

Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale. The newly released figures also revealed a valuation for the company that’s between $1.6 trillion and $1.7 trillion, a figure that fell short of the $2 trillion mark Crown Prince ...

Read More »

Stocks end week of milestones at new highs; Dow tops 28,000

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly gain. The Dow extended its streak of ...

Read More »

Alibaba backs Hong Kong’s ‘bright’ future with huge listing

Alibaba chief executive Daniel Zhang has praised Hong Kong’s “bright” future as the Chinese e-commerce giant prepares to list in the embattled financial hub, reports Hong Kong. The firm, which is already traded in the US, hopes to raise up to $13.4bn (£10.4bn) in its secondary listing.That would make it the biggest share sale this year, according to Dealogic. The ...

Read More »

NBR awards 142 tax card winners

Dhaka, Nov 14 : A total of 142 national-level tax card winners, including 75 individuals, 57 companies and 10 under other categories have been awarded by National Board of Revenue (NBR). The state revenue collection agency also awarded 521 top district-level taxpayers on the basis of highest or long-term tax payment.  Of them, 374 were selected on the basis of ...

Read More »

Asian stocks sink after Trump threatens more China tariffs

Asian stocks sank Wednesday after President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday agreement on the “Phase 1” deal announced last month “could happen soon.” But he warned he ...

Read More »

First-ever Bangladeshi bond debuts on London Stock Exchange

The first-ever Bangladeshi Taka-denominated bond titled “Bangla Bond” amounting equivalent to $10 million has been listed on the London Stock Exchange (LSE) on Monday. The Bangla Bond was listed on the LSE by the International Finance Corporation (IFC), a private sector arm of World Bank, at a ring bell ceremony at 8:00 am London time, said a press release of ...

Read More »

Export of onions: India says no to Bangladesh, but yes to Maldives

Though, India stopped exporting onions in Bangladesh, the country vows to export it to Maldives. Despite the crisis at home, 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, reports Times of India. The Indian ...

Read More »

Saudi Aramco’s record IPO starts November 17

Saudi Arabia’s state-owned oil giant Aramco’s much-anticipated Initial Public Offering (IPO) will begin on November 17, the company’s prospectus said, without revealing the size of the stake sale or the pricing range, reports AFP. The 658-page document, released just before midnight Saturday, said the final share price will be determined on December 5 — a day after the subscriptions close ...

Read More »