Business

Epic Properties on Thursday celebrated its 20th anniversary with various events in Chattogram city. Chittagong City Corporation Mayor Mohammad Rezaul Karim Chowdhury was present as the chief guest in the event held in a hotel in the city. Epic Properties Chairman engineer Lokman Kabir gave the welcome speech at the event. The daily Azadi Editor MA Malek, former Chattogram city ...

The prices of refined sugar have been hiked by Tk 5 per kilogram which will be effective from February 1. As per the new rate, the loose sugar will be sold at Tk 107 per kg, while packaged sugar will be sold at Tk 112 per kg. Bangladesh Sugar Refiners Association (BSRA) confirmed the matter through a press release on ...

Some private sector banks are in deep crisis because of lack of adequate liquidity and are being forced to borrow money from state-owned Sonali Bank at a 9 percent interest rate to stay afloat. Islami Bank, Al-Arafah Islami Bank and National Bank are borrowing money from Sonali Bank at a 9 percent interest rate, which is the highest commercial lending ...

Microsoft on Tuesday reported a 12 per cent drop in profit for the October-December quarter, reflecting the economic uncertainty it said led to its decision to cut 10,000 workers. The company reported quarterly profit of $16.43 billion, or $2.20 per share. Excluding one-time items such as $800 million to pay severance to laid-off employees, the company based in Redmond, Washington, ...

The leaders of Dhaka Chamber of Commerce and Industry (DCCI) urged Bangladesh Bank (BB) to supply adequate foreign currency in the settlement of LCs for an uninterrupted supply of essential commodities during the month of Ramadan. The demand came from a meeting with Bangladesh Bank Governor Abdur Rouf Talukder while the newly elected Board of Directors of the DCCI made ...

Global smartphone makers Xiaomi Sunday said it recently started manufacturing printed circuit board assembly (PCBA) locally in Bangladesh. PCBA is one of the major parts of electrical, electronics and technology products. It connects various chips and electrical circuits to enable the overall functionality of a smartphone. Xiaomi already established a surface mount technology (SMT) plant in its Gazipur factory. This ...

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin on Sunday commented that the international standard Central Waste Treatment Plant (CETP) is necessary for the development of the leather sector through proper preservation of indigenous leather. He made this comment at a meeting of the Standing Committee on Hide and Skin, Leather and Leather Goods and ...

Emphasizing the issue of market distortion, Centre for Policy Dialogue (CPD) Executive Director Dr Fahmida Khatun has recommended market monitoring by the government and claimed that a significant group of people manipulates the market, reports UNB. She pinpointed the ongoing economic instability globally and locally, addressing the issues of outrageous price rise of commodities, banking health, fiscal policies and external ...

A Philippine bank at the centre of an unsolved $81 million cyber heist has appealed a New York Supreme Court decision to dismiss the bank’s motion to throw out the Bangladesh central bank’s lawsuit against it. In February 2016, unidentified hackers used fraudulent orders on the SWIFT payments system to steal $81 million from Bangladesh Bank’s account at the Federal ...

Air India has been fined 3 million Indian rupees ($37,000) for its handling of an unruly passenger on one of its flights in November, India’s aviation regulator said on Friday. The licence of the pilot-in-command on the New York-New Delhi flight, where the incident took place, was also suspended for three months while a penalty of 300,000 rupees was imposed ...