Business

Coca-Cola will suspend advertising on social media globally for at least 30 days, as pressure builds on platforms to crack down on hate speech. “There is no place for racism in the world and there is no place for racism on social media,” the drinks maker’s chairman and CEO James Quincey said. He demanded “greater accountability and transparency” from social ...

Bangladeshis’ deposits in Swiss banks dropped by 2.26 percent year-on-year in 2019 to 603 million Swiss francs or Tk 5,427 crore, according to the Swiss National Bank (SNB). The amount was Tk 5,553 crore in 2018 and Tk 4,329 crore in 2017, according to the report. The SNB revealed the data in its annual report, titled “Banks in Switzerland 2019”, ...

Industries Secretary KM Ali Azam asked the officials of the Bangladesh Standards and Testing Institution (BSTI) to improve the activities of the body at international level. “BSTI is an important organization of the country. BSTI has become much more dynamic than before. Continuing this trend, the organization should be developed as an international standard body,” he said while exchanging views ...

A US court has upheld a verdict that talcum powder sold by Johnson & Johnson caused ovarian cancer and ordered the pharmaceutical giant to pay $2.1 billion in damages. The decision by the Missouri Court of Appeals cut by more than half the $4.4 billion a jury had awarded 22 people in 2018. The court agreed that some of the ...

Automobile traders urged to provide tax exemption on import of expire parts for next one year to overcome challenges in the vehicle assembling sector. Bangladesh Automobiles Assemblers and Manufacturers Association (BAAMA) leaders also recommended stopping registration of foreign light-truck in name of pick-up category while addressing an online press conference on Tuesday. BAAMA President Abdul Matlub Ahmed moderated the post-budget ...

In an effort to boost the tannery industries ahead of the Eid-ul-Azha, the government will take necessary steps to ensure financial assistance to the traders, Industries Minister Nurul Majid Mahmud Humayun said Monday. “The government will fixed the prices of raw hide and salted hide considering the profit of the traders involved with the business amid coronavirus crisis,” he said ...

The way British businesses trade with the European Union is set to change fundamentally at the end of the year. The UK left the EU on 31 January but remains in the single market and customs union until 31 December, while the two sides try to hammer out a trade agreement, BBC reported. The end of the so-called transition period ...

China has granted zero-duty benefit for 97 per cent of the country’s export items, a development that might provide some respite to exporters who are struggling to remain afloat amid a plunge in orders from Western buyers. The State Council of Ministry of Finance of China made the announcement by including 5,161 more Bangladeshi products in the Chinese market with zero-duty ...

The entrepreneurs of local carton producers association urged the government to reduce the import duty from 15 percent to 5 percent on raw materials of local packaging and printing industry like plastic packaging in the budget for 2020-21. Several trade bodies including Bangladesh Local Carton Manufacturers Association (BLCMA), Bangladesh Printing Crafts Association (BPCA), The Bangladesh Paper Merchant Association (BPMA), Bangladesh ...

US-Bangla Airlines has been operating 32 domestic flights on different  routes daily. US-Bangla is operating five daily flights from Dhaka to Chattogram, five to Jashore, four  to Saidpur and two to Sylhet with Brand New ATR 72-600 aircraft, said a press release issued on Wednesday. The minimum fare for one-way journey with all types of taxes and surcharges on each ...