Business

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 ...

Stockholm-headquartered multi-national high fashion brand H&M has announced that it will increase payments for its clothing items manufactured in Bangladesh to compensate for increased worker wages. H&M’s decision comes weeks after protests by garment workers in Bangladesh over wage hikes. The worker groups had deemed the wage hikes proposed by the government as insufficient, reports Wion news. According to Bloomberg, ...

Tesla is ready to invest up to $2 billion to set up a factory in India if the government cuts import duty on its vehicles to 15 percent for the first two years of operations, the Economic Times reported on Friday. Reuters reported in August that India is working on a new EV policy to slash import taxes to as ...

The Central Bank of Sri Lanka has decided to reduce its Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points to 9.00 percent and 10.00 percent, respectively, it said in a statement on Friday. The central bank said its monetary policy board arrived at this decision following a careful analysis of the current ...