Business

The Bank of England boss has said it needs to “see more evidence” that price rises have slowed further before cutting interest rates. Andrew Bailey said he was “optimistic that things are moving in the right direction” as rates were held at 5.25%. He said the Bank expected inflation, which measures the rate prices rise at, would fall “close” to ...

India received over US$111 billion in remittances in 2022, setting a world record for getting the largest remittances ever recorded, becoming the first country to surpass the USD 100 billion mark, the United Nations migration agency has said, reports PTI. The International Organisation for Migration (IOM), in its World Migration Report 2024 launched Tuesday, said that in 2022, India, Mexico, ...

Air India Express has sacked at least 30 employees, mostly cabin crew, over mass sick leave amid flight cancellations, officials said Thursday, reports Xinhua. The terminations came a day after nearly 300 employees of the private airline called in sick and switched off their phones, leading to large-scale flight disruptions. The termination letter issued to the employees says that the ...

A three-day ‘29th US Trade Show 2014’ will begin at a hotel in Dhaka on Thursday to promote trade relations between Bangladesh and the United States. The American Chamber of Commerce in Bangladesh (AmCham) and the United States Embassy, Dhaka are cosponsoring the event. Prime Minister’s Private Industry and Investment Adviser Salman Fazlur Rahman will inaugurate the event as the ...

On the occasion of the first phase of the sixth upazila parishad elections, the import-export activities between India and Bangladesh through Hili land port in Dinajpur district are closed on Wednesday. However, it is normal for passport holders to pass through Hili immigration check post. Mostafizur Rahman, General Secretary of Hili Land Port Import-Export Group, confirmed it in the morning. ...

The 29th US Trade Show will begin in Dhaka on May 9 (Thursday) to showcase American products and services in Bangladesh and give a boost to the bilateral trade. The three-day show will exhibit over 100 US products represented by 44 exhibitors from home and abroad, said Syed Ershad Ahmed, president of the American Chamber of Commerce in Bangladesh (AmCham). ...

  The British Muslim community’s charitable spirit and generosity was honoured by an exhibition at Trafalgar Square on Monday, 6 May. Britain’s largest Muslim charity, Islamic Relief, marked forty years of generous contributions from the British Muslim community. The exhibition displayed a photo series of the amazing work Islamic Relief has achieved with the help of the Muslim community, on the ...

The USAID Feed the Future Bangladesh Trade Activity hosted the first-ever Trade Logistics Job Fair in Bangladesh on Monday at the Navy Convention Center in Chattogram. The event drew a remarkable turnout, bridging the gap between leading logistics and trade companies and aspiring students seeking promising careers in this burgeoning sector. With the participation of 24 exhibitors, including prominent industry ...

US-Bangla Airlines, country’s largest private carrier, is going to launch daily flights from Dhaka to Jeddah, one of the popular destinations in the Middle East region, from August 2024. The airline has decided to operate flights to Saudi Arabia’s second largest city, Jeddah, in view of the demand of expatriate Bangladeshis. This destination is also the gateway for pilgrimages to ...

Bangladesh Jeweller’s Association (BAJUS) has announced to increase the price of gold by Tk 735 to Tk 1,10,948 each bhori (11.664 gm) for the second consecutive day on Sunday. The new price will come into effect from Monday. The BAJUS standing committee on pricing and price monitoring following a meeting on Sunday decided to hike the price of precious metal. ...