Business

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Sunday said the authorities can keep their factories closed until vandalism stops and law enforcement agencies can ensure adequate security of the factories. The authorities can do so under Section 13 (1) of the labour law to protect the industry and property, BGMEA President Faruque Hassan said at a press conference ...

The various taxes zone and its offices across the country under the income tax wing of the National Board of Revenue (NBR) have undertaken several additional initiatives to facilitate the filing of returns by public servants, reports BSS. These initiatives include providing training on return filing, opening help desks for them in the taxes zone and thus making them aware ...

Jin Air, a South Korean airline, has expressed its keen interest to enhance its flight operation with regular direct scheduled flights between Bangladesh and South Korea. Already the carrier operated 121 direct chartered flights between Dhaka and Incheon in the last three years, said a press release issued on Saturday. The Airline which is a subsidiary of the national carrier ...

India’s foreign exchange reserves increased by $4.67 billion to $590.78 billion for the week ending November 3, the latest data by the Reserve Bank of India (RBI) showed on Friday, reports The Economic Times. Previously, forex reserves saw a rise of $2.6 billion to $586.5 billion for the week ending on October 27. According to the Weekly Statistical Supplement released ...

Izzy, who is 18 and works at McDonald’s, says she is still witnessing “disgusting behaviour”, months after the BBC revealed sexual abuse claims at the fast food chain. She is one of more than 160 people who have approached the BBC with allegations after our investigation. They include claims of sexual assault, harassment, racism and bullying. McDonald’s said it was ...

Fans of the caramel bar Caramac have been left “devastated” after Nestlé confirmed it is discontinuing the sweet. Nestlé said it was “a difficult decision” but pointed to slower sales in recent years. Caramac was launched more than 60 years ago, quickly gaining popularity thanks to its distinctive red and yellow wrapper and caramel flavour. It comes as rival brands ...

The Trading Corporation of Bangladesh (TCB) will import a huge quantity of soybean oil and lentil for its open market sale (OMS) programme while the Bangladesh Chemical Industries Corporation (BCIC) will import fertiliser from international market to meet the local demand. State-owned Petrobangla will import LNG from international spot market. Cabinet Committee on Government Purchase (CCGP) in a meeting, with ...

Post Office customers will soon be able to send parcels over the counter using DPD and Evri delivery services. It is the first time in the Post Office’s 360-year history that people can choose to use companies other than Royal Mail. The new service will begin in selected stores in time for the peak Christmas delivery season, said the Post ...

The first shipment of eggs from India has arrived in the country at costing Tk 7.23 per piece including duty. This egg imported from India entered Bangladesh through Benapole land port, Jessore in a truck on Monday, reports UNB. The government issued import permits for 1.0 crore pieces. In the first shipment, one private trader imported 61,950. After being processed ...

British Steel plans to close down its blast furnaces in Scunthorpe, putting up to 2,000 jobs at risk. The business, owned by China’s Jingye Group, wants to replace them with two electric arc furnaces – one at Scunthorpe and one at Teesside. The construction is expected to take between two and three years. British Steel said it aimed to transform ...