Business

The state-run Trading Corporation of Bangladesh (TCB) is set to start selling essential commodities across the country from Sunday to one crore families card holders for the month of September. TCB in a press release on Saturday said under this move, rice at subsidised prices alongside lentil and edible oil will be sold by the TCB dealers from their shops ...

The Biman Bangladesh Airlines will resume direct flights on Sylhet-Cox’s Bazar route from October 31. Shahnewaz Majumdar, Sylhet district manager of the airlines, acknowledging the matter said that the national flag carrier aircraft will operate on the route regularly. It will depart Sylhet at 8:50AM and will land at Cox’s Bazar at 10:20AM. On the same day, the flight will ...

Bangladesh has shown promising growth in its information technology (IT) sector, especially in software development and IT-enabled services, said a global report on ‘Digital Trade for Development’. Prepared by the staff of the International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the United Nations Conference on Trade and Development (UNCTAD), The World Bank, and the World ...

Ten importers have received import permits (IPs) to import 12,000 metric tonnes of potato through Hili land port in Dinajpur district. Yusuf Ali, Sub Assistant Quarantine Officer at Hili Land Port, confirmed the matter on Friday (September 13) morning. The landport official said 10 businessmen have received the IPs to keep the potato prices within the purchasing power of people ...

A Dhaka court on Thursday issued an arrest warrant against former BASIC Bank chairman Sheikh Abdul Hye Bachchu and four of his family members in money laundering case. Dhaka Metropolitan Sessions Judge Mohammad Assam Jaglul Hossain issued the warrant taking the chargesheet of the case into cognisance. The other warranted accused are Abdul Hye’s wife Shirin Akter, his brother Shahriar ...

Rosatom State Corporation has issued a firm statement addressing the persistent circulation of misleading and false information regarding alleged embezzlement in the Rooppur Nuclear Power Plant (NPP) project, which has appeared in various media outlets in Bangladesh. Despite two prior press releases refuting these claims, such rumors continue to surface. In a bid to put an end to these speculations, ...

The government today approved separate proposals for procuring some 25,000 metric tons (MTs) of rock phosphate and 40,000MTs of MOP fertilizer to meet the growing demand of the country. The approvals came from the third meeting of the Advisers Council Committee meeting on Government Purchase held at the Finance Division Conference Room at Bangladesh Secretariat today with adviser to the ...

Apple on Monday unveiled new iPhones built for generative artificial intelligence as it seeks to boost sales and show it is keeping up in the technology race. The tech giant has a lot riding on the new iPhone 16 and hopes that customers are enticed to buy the latest models, attracted by new AI powers. “We are thrilled to introduce ...

The only active unit of the Barapukuria Thermal Power Plant in Dinajpur has halted operations due to a technical issue. The power plant’s Chief Engineer Abu Bakr Siddique says he is unsure when the issue will be fixed, but suggests it may not be any time soon. “We need two electro-hydraulic oil pumps to run our turbines,” he said. “In ...

Dhaka Bank Chairman Abdul Hai Sarkar was elected as the new chairman of the Bangladesh Association of Banks (BAB) during the association’s board meeting in the capital on Monday. Abdul Hai succeeded Nazrul Islam Mazumdar, who held the position for 17 years. His appointment comes following a significant leadership change within the association. Abdul Mannan, chairman of First Security Islami ...