Business

A seminar on ‘Academia-Industry Interaction’ held at the World Trade Center on Saturday, jointly organized by Chittagong Chamber of Commerce and Industry (CCCI) and the School of Business Faculty of East Delta University (EDU). CCCI President Omar Hazzaz, East Delta University School of Business Faculty Member Professor A Qayyum Chowdhury, Chamber Directors Anjan Shekhar Das and Mahfuzul Haque Shah spoke ...

The revenue collection by the National Board of Revenue (NBR) from income tax, customs and VAT during the July-October period of the current fiscal year (FY24) witnessed a 14.36 percent growth fetching Taka 1,03,976 crore, reports BSS. According to data from the NBR, the revenue collection from the customs during this four-month period totaled Taka 32,668 crore, from VAT Taka ...

The Board of Directors of the World Bank (WB) made the decision to approve the extension of a $1.2 bln loan to Ukraine, the World Bank’s press service said. Money will be allocated to support 29 social aid programs for “the most vulnerable people in Ukraine” under the project of Investing in Social Protection for Inclusion, Resilience, and Efficiency (INSPIRE). ...

Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows. The world’s largest retailer shipped one-quarter of its US imports from India between January and August this year, according to bill of lading figures shared with Reuters ...

The Bangladesh Jeweler’s Association (BAJUS) has decided to raise the price of gold by Tk 1,750 to Tk 1,09,875 per bhori (11.664 grams) following an increase in the price of pure gold in the local market. The new prices will come into effect from Thursday (November 30). Now, gold of 22-carat will cost Tk 1,09,875 per bhori (11.664 grams), 21-carat ...

Japan International Cooperation Agency (JICA) helps Bangladesh Economic Zones Authority (BEZA) in setting up a regional one-stop service centre at Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, to ensure seamless solutions to investors. The centre was inaugurated Tuesday as a significant milestone under JICA’s Technical Cooperation titled ‘Special Economic Zone Management and Investment Promotion Capacity Building Project’ at an ...

Biman Bangladesh Airlines has launched world class integrated flight dispatch solution named ‘Lido/Flight 4ED’, developed by German Lufthansa System, to enhance flight safety as well as to reduce flight cost. The system provides timely and accurate forecasts for flight times, distances, and headings, as well as real-time updates on weather and airspace conditions based on certified high-quality aeronautical data. The ...

In Bangladesh, the micro, small, and medium enterprises (MSME) sector faces a financing gap of $2.8 billion, according to IFC, a member of the World Bank Group. With nearly 10 million SMEs contributing to about 25 percent of the country’s GDP, enhancing SME financing is key to boosting economic growth, it said on Tuesday, reports UNB. To explore the various ...

Eurostar services from the Netherlands to London will be suspended for six months from June next year. Renovation work in Amsterdam means officials will be unable to process cross-Channel passengers until 2025. Passengers from Amsterdam and Rotterdam to London will be required to change trains in Brussels. Outbound travel from London to the Netherlands will continue, according to Eurostar. Negotiations ...

Asian shares slipped on Monday ahead of potentially market-moving inflation data from the United States and Europe later in the week, and a meeting of oil producers that could stop, or extend, the recent slide in prices. One mover was gold, which climbed to $2,009 an ounce XAU= and briefly hit a six-month top of $2,017.82. GOL/ The approach of ...