Business

Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage. In the last installment, Sri Lanka paid about $50 million and $4.5 million in interest on the loan on Thursday night, a senior official of Bangladesh Bank confirmed to UNB on ...

The Asian Development Bank (ADB) has approved a $100 million loan to improve computer science, software engineering and information technology (IT) programs in three universities in Bangladesh. “Uplifting software engineering program in higher education is the needs of time to accelerate fourth industrial revolution technology adoption and realize the vision of Digital Bangladesh,” said ADB Social Sector Economist Ryotaro Hayashi. ...

The Asian Development Bank (ADB) has approved a $100 million loan to improve computer science, software engineering and information technology (IT) programmes in three universities in Bangladesh. “Uplifting software engineering programme in higher education is the needs of time to accelerate fourth industrial revolution technology adoption and realize the vision of Digital Bangladesh,” said ADB Social Sector Economist Ryotaro Hayashi. ...

In an effort to keep the prices of eggs stable, the government again on Thursday approved the import of six crores of eggs. The government gave approval to six companies to import one crore eggs each, said a Commerce Ministry press release. Earlier, on September 18, four companies got approval to import 4 crore eggs and each company can import ...

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought cooperation from Government of Nepal to boost apparel export. A delegation representing the Ministry of Industry, Commerce and Supplies of Nepal held a meeting with BGMEA president Faruque Hassan at latter’s office in Dhaka on Wednesday. Both parties discussed issues of mutual interests, potential areas of collaboration, and trade and ...

Asian Development Bank (ADB) has projected Bangladesh’s gross domestic product (GDP) growth to be 6.5 per cent in the fiscal year 2024, compared to an estimated growth of 6 percent in fiscal 2023. The projection was made in the latest ADB report, ‘Asian Development Outlook (ADO) September 2023,’ released on Wednesday. The ADB in a press release said that the ...

Bangladesh Bank (BB) has observed that as a trade balance is prevailing now in the country, dollar price should not be high. “Now there is a trade balance here, the dollar price should not be high. Bangladesh Foreign Exchange Dealer’s Association (BAFEDA) and Association of Bankers, Bangladesh (ABB) set the dollar rate. We work with the rates they offer,” said ...

Turkish President Recep Tayyip Erdogan urged tech tycoon Elon Musk to open his next Tesla factory in Turkey, becoming the latest leader to lobby one of the world’s richest men. Erdogan and Musk have held a series of meetings both in Turkey and on the sidelines of international forums, developing a seeming friendship that they extended on Sunday in New ...

Mercedes-Benz buses are now available in Bangladesh. German-manufactured Mercedes-Benz OF 1623 bus chassis has entered the market through Rancon Trucks and Buses Limited, reports UNB. The Mercedes-Benz OF 1623 bus chassis was launched in Dhaka’s Tejgaon on Sunday at an event. This bus chassis comes in two variants. This chassis is powered by Mercedes-Benz’s highly dependable OM 906 engine, which ...

Exporters is dreaming to bring back the golden glorious days in shrimp sector as a European delegate is likely to visit Bangladesh in next December, after five years of its last visit. The EU team is expected to visit some frozen shrimp exporters, shrimp production and marketing factories in Dhaka, Chattogram and Khulna between 5 to 10th December this year, ...