Business

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Eastern Bank in association with Visa launched co-branded credit cards Thursday. The co-branded cards will provide financial solutions to BGMEA employees and member organisations with a safer and more convenient payment option. Ali Reza Iftekhar, managing director and CEO of EBL, said: “Today we are launching a sophisticated co-brand card that ...

Oil prices declined on Thursday, snapping a three-day winning streak. The West Texas Intermediate for May delivery dropped 94 cents, or 1.33 percent, to settle at 69.96 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery lost 78 cents, or 1.02 percent, to close at 75.91 dollars a barrel on the London ICE Futures ...

Amid the prevailing price hike of broiler chickens, the concerned authorities have decided to slash the increased price announcing that it will be sold at Tk 190 to195 per kg at the farm level in the month of Ramadan. The Directorate of National Consumers Right Protection (DNCRP) today summoned the ‘big four’ companies – Kazi Farms, Aftab Bahumukhi Farms Limited, ...

The e-mail server of Biman Bangladesh Airlines, which went under the control of hackers, could not be recovered even after five days. The hackers also demanded a large amount of ransom after taking control of the server following a ransomware attack. Officials of the national flag carrier said Biman’s mail server was infected with ransomware on Friday. Ransomware is a ...

Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional rescue arrangements “could be warranted” if any new failures at smaller institutions jeopardize financial stability. Yellen, who made her remarks at the American Bankers Association, said that overall “the situation is stabilizing.” “And the U.S. banking system remains sound,” ...

Bangla Mirror Desk:   The British High Commission, the British Council and the new Imperial College Alumni Association of Bangladesh came together to celebrate the UK’s excellence in Science and Medicine, Technology, Engineering and Mathematics, by arranging a reception at the British High Commissioner’s Residence.. The event was inaugurated by the British High Commissioner, HE Mr Robert Chatterton Dickson. He ...

The Reserve Bank of India, in its monthly bulletin on Tuesday, noted that consumer price inflation (or retail inflation) in India remained high while core inflation defied to reflect the softening of various input costs. “Consumer price inflation remains high and core inflation continues to defy the distinct softening of input costs,” RBI said in the ‘State of the Economy’ ...

The International Monetary Fund said Monday that its executive board has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country’s bankrupt economy. About $333 million will be disbursed immediately and the approval will also open up financial support from other institutions, the IMF said. “Sri Lanka has been facing tremendous economic and ...

This year’s Ramadan is still a couple of days away, but a segment of traders already appears eager to increase profit margins by raising the prices of different commodities. The government however claims to be on to them, and has taken various initiatives to keep the market stable during the holy month. Prime Minister Sheikh Hasina has directed officials to ...

Biman’s Managing Director and CEO Shafiul Azim said they will not reduce the hajj airfare this year. He said the state-owned Biman Bangladesh Airlines will not slash this year’s hajj airfare despite calls from different quarters, including the religious affairs ministry, for reducing the ticket price. He said this at a press conference held at Balaka Bhaban in Kurmitola in ...