Business

A lot of us have been there, locked in a metal cylinder flying at more than 500mph (804km/h), gritting our teeth about the armrest the person to the left is hogging. Or the person next to the window who keeps getting up to go to the toilet, or the person in front who has suddenly put their seat back, squashing ...

India on Friday lifted the ban on the export of non-basmati white rice with immediate effect after 14 months. The country imposed the ban in July last year to ensure the domestic supply of rice and keep prices under control. Besides, the country also reduced export duty on parboiled rice to 10 per cent from 20 per cent earlier as ...

Chief Adviser Professor Muhammad Yunus on Thursday said his government is committed to improving business environment in Bangladesh through reforms, seeking partnership of businessmen in the country’s new voyage, reports BSS. “No country is perfect. Neither is Bangladesh. But I see an emerging Bangladesh that is committed to upholding freedom and justice. We are firm to improve our business environment ...

Amid much debate over the export decision, Bangladesh started to export the country’s national fish with the first consignment of 18 tonnes to India through the Benapole land port on Thursday ahead of Durga Puja. “The consignment reached the port in Jashore by six trucks. Later, the quality of the fish was checked and it was allowed to go to ...

The UK has risen in the rankings of a group of wealthy nations to have the joint-second highest economic growth for this year, a think tank has predicted. The economy is now expected to grow by 1.1%, the same rate as Canada and France, but behind the US. The Organisation for Economic Co-operation and Development’s (OECD) previous growth estimate in ...

The union representing thousands of striking Boeing workers says a survey of its members shows they are “not interested” in the aviation giant’s latest pay offer. “Many comments expressed that the offer was inadequate,” the International Association of Machinists and Aerospace Workers (IAM) said in a post on X. It comes after Boeing made a new offer earlier this week ...

The government today approved separate proposals for procuring some 1.40 lakh metric tons of fertilizer from various sources to meet the growing demand of the country. The approvals came from the 5th meeting of the Adviser’s Council Committee meeting on Government Purchase in this year held today with Finance and Commerce Adviser Dr Salehuddin Ahmed in the chair at the ...

Africa’s leading carrier Ethiopian Airlines has announced to launch its new flights on Addis Ababa-Dhaka-Addis Ababa route from November 2. Initially, weekly five flights will be launched on the route. Managing Director of Rhythm Group, the airline’s General Sales Agent (GSA) in Bangladesh, Shohag Hossain confirmed this. According to UNB reports “Bangladesh is a dynamic and growing market, and we ...

China’s central bank has unveiled a major package of measures aimed at reviving the country’s flagging economy. People’s Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to increase their lending. The move comes after a series of disappointing data has increased expectations in recent months that the world’s second largest economy will ...

Adviser to the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed today informed that the government has sought technical support from the International Monetary Fund (IMF) to reform the country’s financial sector and repatriate the money which has been laundered abroad. “The IMF provides us with major budget support. One mission of IMF has come. We ...