Business

The British government on Friday unveiled a new £1 billion semiconductor strategy to invest in infrastructure, research and security as the UK tries to diversify its chip supply chain. The plan would “safeguard supply chains from disruption and protect tech against national security risks”, the UK government’s department for business, energy and industrial strategy said in a statement. The investment ...

India will start withdrawing its highest value currency notes from circulation, the central bank said on Friday, in a move that economists said could boost bank deposits at a time of high credit growth. The withdrawal of 2,000-rupee ($24.5) notes – which the finance ministry’s top official, T.V Somanathan, said would not cause disruption “either in normal life or in ...

Bangladesh Standards and Testing Institution (BSTI) has chalked out different programmes marking the World Metrology Day to be observed tomorrow. As a part of this, campaigning activities, including discussions and meetings, will be held at BSTI head office as well as divisional and district offices, a BSTI press release said. President Mohammed Shahabuddin and Prime Minister Sheikh Hasina today issued ...

Commerce Minister Tipu Munshi on Thursday sought investment from the investors of Uzbekistan in the country’s special economic zones and hi-tech parks. He also called for re-introducing direct flight between the two countries to promote bilateral trade and expansion of tourism. Tipu made the urge when a delegation of Uzbekistan, led by deputy minister of foreign affairs Bakhrom Aloev, met ...

OPPO Research Institute has announced the launch of “2023 OPPO Inspiration Challenge” on World Smile Day. Based on the brand proposition of “Inspiration Ahead”, OPPO and its global technology ecosystem partners aim to bring new and innovative solutions to life by providing funding, support, and partnership opportunities worth $4,40,000 in total, said a press release. The institute has partnered with ...

The government has decided to purchase 12,500 metric tons sugar spending Tk 66,27,31,250 from United States. Per kilogram sugar will be bought at Tk 82.85. The Cabinet Committee on Government Purchase (CCGP) approved to procure sugar from a company in US. A meeting of CCGP led by Finance Minister AHM Mustafa Kamal was organised in this regard on Wednesday. Concluding ...

British mobile phone giant Vodafone on Tuesday said it planned to axe 11,000 jobs over the next three years as new chief executive Margherita Della Valle seeks a “simpler” organisation. “Our performance has not been good enough,” Della Valle said alongside news of flat annual revenue at the group. At 11,000 positions, Vodafone is seen axing more than 10 percent ...

Chinese company Jibin Technology (BD) Co. Limited is going to set up a factory manufacturing shoe accessories in the BEPZA Economic Zone (EZ) in Mirsharai, with an investment of $6 million. Jibin Technology (BD) signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to this effect at the latter’s premises in the capital on Monday. Ali Reza Mazid, ...

Indian private carrier Vistara has celebrated the anniversary of its flight operation in Bangladesh by hosting a reception at a city hotel here last night. State Minister of civil aviation and tourism M Mahbub Ali attended the event as the chief guest while civil aviation and tourism secretary Mokammel Hossain and Civil Aviation Authority of Bangladesh (CAAB) chairman Air Marshal ...

Australian mining company Newcrest said Monday it had agreed to a takeover by US rival Newmont, creating a world-leading gold producer in a deal worth Aus$28.8 billion (US$19 billion). By swallowing up Newcrest, the US mining giant will cement its position as the world’s biggest gold producer, with operations extending across North and South America, Africa, Australia and Papua New ...