Business

Another case has been filed against 10 people of e-commerce platform Evaly, including its chief executive officer (CEO) Mohammad Rassel and his wife, by a lawyer customer. Lawyer Alamgir Hossain Regan lodged the case before the court of Metropolitan Magistrate Begum Mahmuda Akhter on September 27, the court sources confirmed the news on Wednesday. After recording statement of the witness ...

Qatar Airways announced on Monday that it suffered a more than $4 billion loss in revenues over the last fiscal year, as lockdowns triggered by the coronavirus pandemic slashed demand for long-haul travel. The major loss, which the state-owned airline largely attributed to the grounding of its Airbus A380 and A330 wide-body jets, highlights the dramatic toll of the pandemic ...

Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. Brent crude was up 92 cents or 1.2% at $79.01 a barrel by 0208 GMT, having risen a third consecutive week through Friday. U.S. Oil added 83 ...

The Kingdom of Saudi Arabia (KSA) has expressed its interest to invest in Bangladesh under the Saudi Public Investment Fund, Prime Minister’s Private Sector Industry and Investment Adviser Salman F Rahman said on Saturday. Dr Majid bin Abdullah Al Qasabi, minister of commerce and investment of Saudi Arabia, expressed such interest when Salman F Rahman requested for Saudi investment during ...

Bangladesh has joined the New Development Bank (NDB) as its new member as the country has recently submitted its Instrument of Accession before the government of Brazil. Earlier on August 20, 2021 the NDB — established by BRICS’ (Brazil, Russia, India, China and South Africa) in 2015 — enrolled Bangladesh as a new member in its Board of Governors meeting. ...

The Bank of England on Thursday left its record-low interest rate and vast stimulus unchanged, despite warning that inflation would rise more than expected this year on soaring energy costs. The BoE opted against following the US Federal Reserve, which on Wednesday indicated it would soon start tapering its own emergency aid. The BoE’s nine-strong monetary policy committee (MPC) voted ...

Bangladesh exported 23 tonnes of Hilsa fish to India through Benapole land port Wednesday with less than a month left for the Durga Puja – the biggest festival in West Bengal. Five trucks carrying 23 tonnes of Hilsa reached the port at 4pm, Md Ishtadul Haque, quality control officer of Benapole Fisheries Office, told UNB. “The Hilsa export to India ...

The Asian Development Bank (ADB) has revised Bangladesh’s growth forecast for the current fiscal amid fears of a third wave of the Covid pandemic. In its latest report, the regional lender has pegged Bangladesh’s gross domestic product (GDP) growth at 6.8 percent in the current fiscal. GDP is a monetary measure of the market value of all the final goods ...

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has sought support from the Bangladesh envoy in Canada to increase the country’s share of apparel exports in a potential market like Canada, especially in the area of high-end and diversified apparel products. He met Bangladesh High Commissioner to Canada Dr Khalilur Rahman in Ottawa recently and discussed relevant issues. ...

As per the government’s direction, CNG filling stations across the country will remain closed from 6pm-10pm every day from Sunday. The decision was taken at a meeting held at the Ministry of Energy and Mineral Resources on September 15 to increase gas supply for power generation. On September 13, the Energy and Mineral Resources Division had said in a press ...