Business

Bangladesh Bank (BB) has instructed officers and employees of non-banking financial institutions to ensure the participation in the Universal Pension Scheme. Department of Financial Institutions and Markets (DFIM) of the central bank on Monday sent the instruction to the chief executives of all financial institutions in this regard. Earlier on February 8, Banking Regulations and Policy department sent the instruction ...

State Minister for Commerce Ahsanul Islam Titu has said that the government would be able to supply onion and sugar, imported from India, to the market before the holy month of Ramadan. “Already a proposal for importing 50,000 metric tons of onion and one lakh metric tons of sugar was sent to India and got assurance from them about 20,000 ...

”Bangladesh is moving forward to become a developed country by 2041. To accelerate the trajectory of development, trade and commerce play a pivotal role. In the upcoming 13th WTO Ministerial Conference (MC) at Abu Dhabi we will try to negotiate to get the best outcomes for our country as we are graduating from LDC in 2026”, said Mr Ahasanul Islam ...

Tony Downey can feel his heart racing a little as he walks up the main street in Hawkshead, a pretty village in the Lake District. It’s the first time he’s been back since he fled abroad after losing his livelihood and health from the Horizon Post Office scandal. “We didn’t even say goodbye, we were too embarrassed. We just ran,” ...

Global beverage giant The Coca-Cola Company (TCCC) is going to sell its Bangladeshi bottling business Coca-Cola Bangladesh Beverages Ltd (CCBB) to its Turkish associate Coca-Cola İçecek (CCI). In a press release on Thursday (15 February), Istanbul Stock Exchange-listed CCI said the entire stake of CCBB would be priced at the enterprise value of $130 million subtracted from the net debt ...

Bangladesh’s gross domestic product (GDP) grew by 6.07 percent in the first quarter (July-September) of the current fiscal year 2023-24. The Bangladesh Bureau of Statistics (BBS), the national statistical agency, published the GDP data on Thursday for the first time in line with the conditions of the International Monetary Fund (IMF). The first quarter’s expansion was a decline of 2.69 ...

A month long 31st Chattogram International Trade Fair (CITF) begins on Thursday on the Railway Polo Grounds in Tigerpass of the city. State Minister for Commerce Ahsanul Islam Titu inaugurated the fair as the chief guest. Education Minister Barrister Mohibul Hasan Chowdhury Nawfel attend the inauguration ceremony via digital platform. MA Latif MP, Member of Parliamentary Standing Committee on Shipping ...

The Bangladesh Bank (BB) has introduced US dollars and currency (taka) swap between the central bank and commercial banks for a minimum of seven days to a maximum of 90 days, reports UNB. The Foreign Exchange Policy Department (FEPD) of the central bank issued this notification on Thursday. The BB said the new system will be considered effective immediately. The ...

Shop workers feel like “targets” the BBC has heard, as reports of violence and abuse have soared. Shop assistant John from Dundee said: “It’s almost a daily occurrence now where you are shouted at or sworn at”. Violence and abuse against shop workers rose to 1,300 incidents a day last year, according to a trade body. The British Retail Consortium ...

Multi-billionaire Jeff Bezos has sold more of his shares in Amazon, bringing the total value of sales in recent days to more than $4bn (£3.2bn). The technology giant, which Mr Bezos founded in 1994, said he has sold 24 million Amazon shares this month. Mr Bezos, who is the firm’s executive chair, last sold Amazon shares in 2021. Earlier this ...