Business

The telecom regulator has allowed Grameenphone to sell 78,000 SIMs to the army, police, and other government and corporate customers. After a ban on GP SIM sales on June 29, 2022, the Bangladesh Telecommunication Regulatory Commission (BTRC) withdrew its suspension on a number of conditions, according to a notice issued on Sunday, reports UNB. Those include the selective corporate sales ...

The Netherlands and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have discussed further collaboration for the development of Bangladesh’s apparel industry. Dutch Ambassador to Bangladesh Anne van Leeuwen paid a courtesy visit to BGMEA President Faruque Hassan Sunday. They also discussed different issues facing the readymade garments (RMG) industry, including major challenges in the current context of the global ...

The following are the indices of major stock markets worldwide on Saturday. IN ASIA The Shanghai Composite Index had no trading. The Shenzhen Component Index had no trading. The Hang Seng Index had no trading. The S&P/ASX 200 index had no trading. The 225-issue Nikkei Stock Average had no trading. The Straits Times Index had no trading. The Korea Composite ...

Omar Ishrak, Chairman of the Board of Directors at Intel, Mohammed Mahtabur Rahman (Nasir), Chairman and Managing Director of Al Haramain Perfumes Group of Companies and the Chairman of NRB Bank Limited, and Kiswar Chowdhury, one of the grand finalists of MasterChef Australia, have been honoured with NRB Award. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has honored them ...

The UK faces its biggest drop in living standards on record as the cost-of-living crisis eats into people’s wages. The government’s forecaster said that disposable household incomes – when adjusted for rising prices – would dive by 7% in the next few years. Living standards will not recover to the levels they were last year until 2027-28, it added. It ...

Bangladesh has set a target to increase five times the cotton production by 2030, introducing new varieties and expanding cultivation areas, since the country appeared as the second largest consumer of the industrial crop. “Cotton could be a major cash crop as we need to spend US$3billion every year for its import to meet its expanding demand in the textile ...

Natural gas prices in Europe climbed above $1,250 per thousand cubic meters by the close of business on November 14, according to ICE data. Gas prices soared by 20% in total over the day. December futures at the TTF hub in the Netherlands edged up to $1,256 per thousand cubic meters or to 117.5 euro per MWh, reports TASS. The ...

Amazon is preparing to lay off as many as 10,000 employees, The New York Times reported on Monday, making the e-commerce behemoth the latest tech giant to unleash a large-scale redundancy plan. This would represent a little less than one percent of the group’s total payroll, which had 1.54 million employees worldwide at the end of September, not counting seasonal ...

Banks have excess liquidity of Tk 1.69 lakh crore, and rumours on social media are unfounded, Bangladesh Bank spokesperson Md. Abul Kalm Azad said on Monday. He was addressing a press conference at the central bank to brief reporters on misinformation circulating in social media regarding bank deposits and liquidity. “Conspiratorial news is being circulated on social media. Investors are ...

Gold price in the local market has jumped by Tk 2,333 to Tk 82,464 per bhori (11.664 grams) with effect from Sunday (Nov 13). The price of 22-carat gold is now Tk 7,070 per gram while it is Tk 6,750 for 21-carat gold, according to a press release issued by Bangladesh Jewellers’ Association (BAJUS) on Saturday. The price of 18-carat ...