Business

There is no scope of giving permission to import all kinds of goods from India through Akhaura Land Port in Brahmanbaria, said National Board of Revenue (NBR) chairman Abu Hena Md Rahmatul Munim. He made the remarks while talking to correspondents after inaugurating a bagge scanner set up at Akhaura Land Port in Brahmanbaria on Saturday (May 6, 2023) afternoon. ...

Existing units on the industrial estates belonging to Bangladesh Small and Cottage Industries Corporation (BSCIC) generated employment for 14,724 people, both male and female, during the first nine months of the current fiscal. The people got the jobs in various fields like enterprise development, skill development and training, industry ownership transfer and establishment of new industries. There are 1,027 units ...

German sportswear giant Adidas reported Friday a hefty first-quarter loss, acknowledging its split from controversial US rapper Kanye West was “hurting” its bottom line. The company booked a net loss of 39 million euros ($43 million) from January to March, compared to a profit of 482 million euros in the period a year earlier. The end of its highly successful ...

A ship carrying record numbers of reconditioned vehicles imported from Japan and Singapore has arrived at Chittagong port recently. The Malaysian flag carrier ‘MV Malaysia Star’ carrying 1265 reconditioned vehicles berthed at  the port’s Jetty No. 7 and 8,  said Barrister Badruzzaman Munshi, deputy commissioner of Chittagong Customs House. He said that 569 vehicles were unloaded at Chittagong Port. The ...

Romo Rouf Chowdhury has been re-elected as chairman of Bank Asia Limited on Sunday. Mr. Chowdhury is one of the sponsor shareholders as well as sponsor directors of Bank Asia. He is a graduate in engineering from Durham University, United Kingdom, according to a press release. He has more than 30 years of experience as an industrialist. Currently, Mr. Chowdhury ...

The price of bottled soybean oil has been hiked by Tk 12 to Tk 199 a litre. The new prices have been made effective from today, said Bangladesh Vegetable Oil Refiners’ and Vanaspati Manufacturers’ Association. Earlier, the price of per litre of bottled soybean oil was Tk190.

Bangladesh’s exports extended its losing streak for the second month in a row by plunging 16.52 per cent from a year earlier in April, relevant data revealed on Wednesday. The country’s overall outbound shipments reached $3.9 million in April, compared to $4.7 million from a year ago, according to data released by the Export Promotion Bureau (EPB) under the Ministry ...

Fully foreign and joint venture investment proposals with Bangladesh Investment Development Authority (BIDA) rose by 126.06 percent (Taka 28,086.31 million) during the January-March quarter in 2023 compared to the same period of the preceding year 2022. During this January-March period, BIDA received some 231 investment proposals involving Taka 1,67,862.49 million, according to the latest data of the authority. BIDA received ...

Samsung Electronics is banning employees in its mobile and appliances division from using generative AI services such as ChatGPT, the company said on Tuesday, after instances of “misuse” of the technology, reports AFP from Seoul. Interest in artificial intelligence chatbots has soared since the Microsoft-backed ChatGPT debuted in November. ChatGPT caused a global sensation for generating essays, songs, exams and ...

A number of countries participating in the OPEC+ agreement have voluntarily reduced their oil production beginning from May 1 and until the end of the year and the total oil output downfall is now estimated at 1.66 million barrels per day. The OPEC+ countries at the issue announced on April 2 voluntary reduction in oil output until 2024. Saudi Arabia ...