Business

Dhaka International Trade Fair (DITF)-2024 is set to begin on January 21 at the Bangabandhu Bangladesh-China Friendship Exhibition Centre in the capital’s Purbachal area. Haider Ali, information and public relations officer of the Commerce Ministry, confirmed the matter on Monday. He said Prime Minister Sheikh Hasina, on that day, will inaugurate the trade fair which will run long a month. ...

When Bella Betterton fell victim to a recruitment scam and had £3,000 stolen, she felt “attacked” and “distraught”. The 18-year-old had been contacted by scammers first via WhatsApp messages and then phone calls and thought she had taken part in a real job interview. But the fraudsters tricked her card details out of her to steal the money. New figures ...

The Post Office may have underpaid more than £100m in tax by deducting payments to victims of the Horizon scandal from its profits, say tax experts. Claiming tax relief in this way could count as a breach of the law and could mean it is at risk of insolvency, said Dan Neidle, of Tax Policy Associates. The company also may ...

Vehicular movement on Dhaka-Tangail highway remained suspended as garment workers blocked the road demanding payment of salaries as per the wages set by the government. Around 7:30am, 700 workers of Meigo Bangladesh (Bay-Economic Zone) Ltd in Gazipur’s Konabari started demonstration blocking the highway to realise their six-point demand. Following the protest, movement of the vehicles on both sides of the ...

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the apex trade body of the country, will work with the Canadian Hindu Chamber of Commerce (CHCC) to enhance bilateral trade between Bangladesh and Canada. FBCCI will provide all kinds of support to Canadian investors interested in investing in Bangladesh. The business body’s President Mahbubul Alam expressed this during a ...

Huawei South Asia Representative office has recently announced its achievements in the renewable energy sector at an event titled “Huawei Solar Annual Ceremony 2023” in Dhaka. Representatives from more than 62 EPC partner companies, distribution partners and high officials from Huawei were present at the ceremony, according to a press release, reports UNB. In 2023, Huawei delivered a 100 MW ...

In 2013, HS2 was estimated to cost £37.5 billion (in 2009 prices) for the entire planned network, including now-scrapped extensions from Birmingham. The estimated cost of building HS2 between London and Birmingham has soared to as much as £66.6 billion, MPs heard. HS2 Ltd executive chairman Sir Jon Thompson told the Transport Select Committee that the estimated cost for Phase ...

A leading food and drink company is cutting the price on most of its baby formula milk products. Manufacturing giant Danone is reducing prices on the majority of its Aptamil range to UK retailers by 7%, the BBC understands. Iceland supermarket said the cuts would be reflected in its stores. Last month, the Competition and Markets Authority (CMA) said formula prices ...

Technology giant Samsung Electronics says it is likely to see its profits for the last three months of 2023 fall by more than a third. The decline is much worse than analysts expected and comes as global demand for consumer electronics remains weak. South Korea-based Samsung is the world’s largest maker of memory chips, smartphones and televisions. The company is ...

Importers have requested the government to allow them the scope for importing six essentials including sugar and edible oil ahead of the coming Ramadan keeping zero margin on letters of credit (LCs). They made the request at a meeting with Commerce Secretary Tapan Kanti Ghosh held in the capital on Wednesday (January 3). The six essentials are onion, edible oil, ...