Business

The World Bank (WB) has assured to continue their cooperation in various development projects of the Shipping Ministry. World Bank Practice Manager for Transport in South Asia Shomik Mehndiratta made the remarks while paying a farewell call on State Minister for Shipping Khalid Mahmud Chowdhury at the latter’s office today. He said the World Bank (WB) will continue its support ...

South Korea formally restored Japan to its list of countries it gives preferential treatment in trade on Monday, three years after the neighbors downgraded each other’s trade status amid a diplomatic row fueled by historical grievances. In announcing the move through a government gazette, South Korea’s Ministry of Trade, Industry and Energy also said Seoul will further restrict technology and ...

Deep-sea explorers said Saturday they had located the wreck of a World War II Japanese transport ship, the Montevideo Maru, which was torpedoed off the Philippines, killing nearly 1,000 Australians aboard. The ship — sunk on July 1, 1942, by a US submarine unaware it was carrying prisoners of war — was found at a depth of more than four kilometres ...

Japan’s consumer prices rose 3.1 percent in March, matching last month’s figure and roughly in line with expectations, as inflation slows from four-decade highs, government data showed Friday. The figure, which excludes volatile fresh food prices, was marginally higher than market expectations of a 3.0 percent rise and even with February numbers. Friday’s figure comes a week before the Bank ...

US authorities on Wednesday imposed a $300 million penalty on Seagate Technology, to resolve alleged violations of export controls related to selling hard disk drives to Huawei Technologies, the Commerce Department said. The manufacturer was involved in the shipment of hard disk drives valued over $1.1 billion to Huawei entities despite US controls. The violations, according to the Commerce Department, ...

Nestle is being urged to cut the proportion of unhealthy food it sells and “play its part” for global health. Investor group ShareAction said 40% of Nestle’s sales of everyday foods in the UK were high in salt, sugar or fat. Nestle said its reporting on the healthiness of its global sales was a world first and pledged to set ...

The employees of Unilever Bangladesh Limited (UBL), the country’s leading Fast-Moving Consumer Goods (FMCG) company, have voluntarily donated a portion of their salary to support underprivileged families to celebrate Eid-ul-Fitr this year. The donation drive was part of Unilever’s employee volunteering programme that allows employees to be associated with community development, sustainability projects and live their life purpose. Through contribution ...

Prime Minister Sheikh Hasina has allocated Tk nine crore as Eid gift for Bangabazar shop workers, traders and owners who have been affected in a devastating fire incident recently. The money has already been sent to their mobile phone, said Principal Secretary to the Prime Minister Md Tofazzel Hossain Miah.

The average loan amount of each family in Bangladesh was Tk 70,506 in 2022, up from Tk 37,743 in 2016, according to Bangladesh Bureau of Statistics (BBS) data shared recently. One-third of households in Bangladesh are now in debt. This information has emerged in the latest household income-expenditure survey of BBS. According to the survey, 37 percent of the country’s ...

Bangladesh Jewelers Association (BAJUS) has raised the price of 22-carat gold by Tk 1,283 per bhori following an increase in the price of pure gold in the bullion market. The matter was confirmed in a press release, signed by BAJUS Price Determination and Price Monitoring Standing Committee Chairman, MA Hannan Azad, on Saturday. The new prices will come into effect ...