Business

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 ...

After witnessing a downward trend in the last session, stocks Monday rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues. After witnessing volatility, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 25.42 points or 0.44 per cent to settle at 5,760.39. Two other indices also ended higher with the ...

British Airways has cancelled all its flights from a UK city airport next summer. The airline said in a statement it was “suspending our summer 2025 operations from Southampton Airport”. It did not give a reason behind the decision. An airport spokesperson said the move was “clearly disappointing”. Under its subsidiary BA City Flyer, the airline runs flights from the ...

RMG workers of a garment factory in Gazipur’s Sadar upazila blocked the Dhaka-Mymensingh highway on Sunday morning demanding attendance bonuses. Following the protest, vehicle movement on the both sides of the highway came to a standstill. The protest led to severe traffic congestion from Chandana Chowrasta to Mauna. The workers of Palmal Group of Industries Ltd started the demonstration at ...

The Ministry of Commerce has approved export of Hilsa to India ahead of Durga Puja festival. In an official order signed by Sultana Akhter, Deputy Secretary of the Ministry, it was announced that the export of 3,000 metric tonnes of hilsa fish has been approved, according to a press release on Saturday, reports UNB. This decision came following requests from ...

The price of gold rose to a fresh record high of more than $2,609 on Friday as the prospect of fresh US interest rate cuts boosted demand for the precious metal. The commodity jumped to as much as $2,609.74 per ounce, two days after the Federal Reserve slashed borrowing costs for the first time since the start of the pandemic ...

The World Bank could come up with a little over $2 billion in support to Bangladesh in the current fiscal year (FY25), which would comprise budget support and assistance in important projects in health, energy and other sectors, reports BSS. Martin Raiser, World Bank’s Regional Vice President for South Asia, said this after a meeting with Finance Adviser to the ...

Md Fazlur Rahman, additional secretary of the water supply division under the Local Government Division, has been appointed as the managing director (MD) of Dhaka Water Supply and Sewerage Authority (WASA). The Local Government Division under the Ministry of Local Government, Rural Development and Co-operatives issued a circular in this regard on Wednesday (September 18). Fazlur was assigned this additional ...

Adviser to the Ministry of Posts, Telecommunications, and Information Technology Nahid Islam has urged Banglalink representatives to introduce unlimited internet packages to meet public demand. He made the request during a meeting with a delegation of Banglalink at the ministry’s office on Wednesday. Nahid Islam, also the Adviser of the Ministry of Information and Broadcasting, emphasised the importance of reducing ...