Business

John Lewis has reported a return to profit, but it will not pay its staff a bonus for the second year in a row. The retail partnership, which also owns Waitrose supermarkets, reported a pre-tax annual profit of £56m compared with a £234m loss the year before. However, it said it would not pay a bonus as it was increasing ...

Bangladesh Railway will start selling advance train tickets for Eid-ul-Fitr from March 25. The sale will continue till March 31. The railway authorities fixed the date considering April 11 will be the Eid day, according to Bangladesh Railway sources. The train tickets for April 4, 5, 6, 7, 8, and 9 will be available on March 25, 26, 27, 28, 29 and ...

The Asian Development Bank (ADB) has approved a $71 million loan to improve flood control, irrigation, and water resources management in rural communities in Gopalganj and Madaripur districts in Bangladesh to strengthen their preparedness and resilience to the effects of climate change. According to an ADB release, The project is expected to benefit more than 600,000 people and will introduce ...

Bangladesh Bank (BB) on Tuesday said that those found to be wilful defaulters will be banned from traveling abroad. “No new trade license can be taken and would not be eligible for any kind of state awards or honours,” said an instruction of the central bank, UNB reports. Banking Regulations and Policy Department (BRPD) issued a circular in this regard ...

The Ministry of Commerce has fixed prices of dates, an Iftar item. According to a notice issued on Monday, the ministry has fixed the price range for low-grade dates at Tk 150 to Tk 165 per kilogram. Besides, price of Zahidi dates, which come in sacks, has been between between Tk 170 and Tk 180 per kilogram. This notice was ...

Bananas are set to get more expensive as climate change hits a much-loved fruit, one of the world’s top experts from the industry tells BBC News. Pascal Liu, senior economist at the World Banana Forum, says climate impacts pose an “enormous threat” to supply, compounding the impacts of fast-spreading diseases. The forum meets in Rome on Tuesday to tackle challenges ...

Three pairs of new intercity train will run on the Dhaka-Chattogram-Cox’s Bazar route by June this year. Quamrul Ahsan, director general of Bangladesh Railway, provided the information at a workshop titled “Management and Development of Bangladesh Railway” held at Rail Bhaban in the capital on Saturday. Besides, commuter trains on Chattogram-Cox’s Bazar route, two train to Khulna via the Padma ...

China’s export and import growth in the January-February period beat forecasts, suggesting global trade is turning a corner in an encouraging signal for policymakers as they try to shore up a stuttering economic recovery, reports Reuters. China’s improved export data joins those of South Korea and Germany, and Taiwan, who all saw their shipments top expectations over the first two ...

World food prices dropped for the seventh month in a row February as falling cereal prices outweighed more costly sugar and meat, the Food and Agricultural Organization said Friday, reports AFP. The United Nations agency said its FAO Food Price Index dropped 0.7 percent in February and is down 10.5 percent from a year ago. The FAO index measures commodity ...

One crore families will get dates at Tk 150 as the Trading Corporation of Bangladesh (TCB) started selling dates ahead of the month of Ramadan. This is the first time the TCB added the item to their list ahead of Ramadan. State Minister for Commerce Ahsanul Islam Titu on Thursday morning inaugurated the programme in the capital’s Polytechnic field. The ...