Business

The government will sign an agreement with Saudi Arabia on January 9 on Hajj and it hopes that over 1.27 lakh Bangladeshis will be able to perform Hajj this year if the previous quota is upheld by the KSA government. Mohammad Anowar Hossain, senior public relations officer of the Religious Affairs Ministry, told UNB that a three- member team led ...

Amazon.com Inc’s layoffs will now stretch to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan 18, will largely impact the company’s e-commerce and human-resources organisations, he said. The cuts amount to 6% of Amazon’s ...

Bangladesh Bank on Wednesday raised exchange rate of one US dollar by Tk 1 to Tk 100. Now, those who will buy dollars from the central bank will have to pay Tk 100 for each US dollar. The central bank increased the dollar price within a month. Earlier, the central bank fixed exchange rate of US dollar at Tk 99 ...

Managing Director and CEO of Biman Bangladesh Airlines Shafiul Azim today said he has taken a plan to turn Biman into a “smart airline” in “Smart Bangladesh” aligning with Prime Minister Sheikh Hasina’s vision. “We have made a pledge to make Biman as smart airline in the forthcoming era of ‘Smart Bangladesh,” he told reporters at a briefing on the ...

Bangladesh Foreign Exchange Dealers Association (BAFEDA) and Association of Bankers, Bangladesh (ABB) have set the US dollar exchange rate for export proceeds at Tk 102. BAFEDA and ABB took the decision at a meeting on Sunday and the new rate came into effect on Monday, according to BAFEDA press release. However, the exchange rate for inward remittances has been kept ...

Bangladesh Energy Regulatory Commission (BERC) has slashed the prices of liquefied petroleum gas (LPG). A 12kg LPG cylinder will be selling now for Tk 1,232 including value-added tax, which has been sold at Tk 1,297. So, the price of 12kg LPG cylinder has gone down by Tk 65. Abdul Jalil, chairman of the BERC, announced the new prices of LPG ...

Bangladesh exported goods worth $27.22 billion in the first six months till December of the current fiscal year 2022-23 amid a growing crisis of foreign exchange, according to an official report. The country received $10.37 billion from exports only in the last two months (November and December), which is the highest ever export earnings in two months. According to the ...

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be “tougher than the year we leave behind,” IMF Managing Director ...

A Dhaka court on Sunday fixed February 14 for submitting the probe report in a case filed over the incident of cyber heist of $101 million from Bangladesh Bank’s account in 2016. With this, the submission of the probe report in the case has been deferred for the 69th time, UNB reports. Dhaka Metropolitan Magistrate Rajesh Chowdhury deferred the date ...

Prime Minister Sheikh Hasina is expected to inaugurate the 27th edition of the ‘Dhaka International Trade Fair (DITF)-2023’ on Sunday with the aim to put up locals products on the international markets. The largest annual commercial and trade event of the country is going to be held at its permanent venue – “Bangabandhu Bangladesh-China Friendship Exhibition Centre” – at Purbachal ...