Business

Iran’s Acting President Mohammad Mokhber on Thursday urged the Shanghai Cooperation Organisation (SCO) member states to use the country’s southern ports in the North-South Corridor for faster and cheaper trade with the world. In his address at the SCO Summit held in Astana, the capital of Kazakhstan, Mokhber stated that since transit and commercial activities are complementary to each other, ...

A two-day first-ever ‘China-Bangladesh Steel Business Summit-2024’ will begin in the capital on Friday with a view to attract more Chinese investments in the steel sector. Bangladesh Iron and Steel Importers Association (BISIA) and China Alliance Exporters and Importers are jointly organising the summit at Radisson Blu Dhaka. A number of local and foreign businessmen, entrepreneurs and investors, including over ...

Bangladesh will import liquefied natural gas (LNG) cargo worth Tk Tk609.27 crore from the United States. The Cabinet Committee on Government Purchase (CCGP) has approved a proposal to import the cargo to meet the growing demand. Cabinet Secretary (Coordination) Mahmudul Hossain Khan made the disclosure following a cabinet meeting held on Wednesday. He said this is the 21st LNG cargo ...

The Finance Ministry has issued a clarification on relevant issues of the recently introduced pension scheme titled “Prattay Scheme” for incorporating the staff of the self-governed, autonomous, state-owned, statutory or homogeneous organizations and their subordinate bodies in the Universal Pension Scheme. The government started the scheme from July 01, 2024 for bringing people from all walks of life to a ...

The electric vehicle (EV) sales in India witnessed a sharp decline of 14% in June against May. This is likely due to the changes in government policies and people’s increasing interest towards hybrid vehicles. According to Vahan data from the Ministry of Road Transport and Highways, EV sales in June 2024 fell by more than 14% to 1,06,081 units, compared ...

A 15 per cent value-added tax (VAT) is going to be levied on metro rail tickets from Monday (July 1). The VAT on metro rail tickets remained exempted till June 30. The National Board of Revenue (NBR) had been providing VAT waiver to metro rail tickets since December 28, 2022. But, the NBR said it would not provide VAT exemption ...

If you leave your job, it would seem logical that your salary would stop being paid, but not so for a number of former Nigerian civil servants. They have managed to be employed elsewhere – sometimes in another country entirely – and yet continue to receive a wage from their former workplace. News of this has reached the top and ...

All forms of bank in the country will remain closed on Monday, as July 1 is designated as a bank holiday every year. Banks wrap up their financial accounting for the last six months on June 30. The half-yearly balance sheets are prepared by consolidating the accounts from various branches across the country. The next day – July 1 – ...

Marks & Spencer is launching a new service for clothing repairs and alterations. From August, customers will be able to book through a dedicated online hub and have their fixed items posted back to them within seven to ten days. The work will be carried out by Deliveroo-style repairs start-up Sojo, and its in-house team of tailors, with prices starting ...

The World Bank’s Board of Executive Directors on Friday approved $650 million to help Bangladesh invest in infrastructure critical for developing the Bay Terminal deep seaport. The Bay Terminal, located in the Anandangar/Sandwip channel, west of the Chittagong port and close to existing road and rail links to Dhaka, is expected to handle 36 percent of Bangladesh’s container volumes, reports ...