Business

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 ...

Restrictions were imposed on import of onion from India earlier taking the interest of farmers into consideration. However, the onion prices in the country’s markets are being monitored. The onion prices in the market are now skyrocketing. So, the government is likely to allow import of onion within the next several days, said Agriculture Minister Wahida Akter. She disclosed it ...

Group of Seven (G7) finance chiefs on Saturday warned of heightened uncertainty and vowed to take actions to ensure financial stability amid concerns following US bank failures. In a joint statement issued after their meeting in the Japanese city of Niigata, the G7 finance ministers and central bank governors said they “need to remain vigilant and stay agile and flexible ...

Russia became the largest oil supplier to China and India in March 2023 as in the previous month, the Organization of Petroleum Exporting Countries (OPEC) said in its May report on Thursday. Russia ensured 18% of China’s total oil imports in March, according to OPEC. Saudi Arabia accounted for 17% of supplies, whereas Iraq accounted for almost 12% of China’s ...