Business

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the apex trade body of Bangladesh, and Faction, a US-based company, have signed a memorandum of understanding (MoU) to enhance cooperation in establishing the FBCCI Innovation and Research Center. FBCCI President Md. Jashim Uddin and Faction Co-Founder Max Garza III signed the MoU on behalf of their respective organisations on ...

In a bid to stave off a worsening foreign currency crisis, Bangladesh is set to receive a much-needed boost in the form of $1.02 billion in budget support from development partners, according to the Economic Relations Division (ERD). This comes amid an acute dollar shortage and a precipitous decline in reserve money which has seen the nation’s foreign reserves dip ...

The demand of sacrificial animals in Khulna division for the upcoming Eid-ul-Azha can be met almost entirely with locally-reared livestock, official sources said here today. “Around 40 percent of the total demand could not be fulfilled with local livestock earlier but the situation has changed over the past few years. Hundred percent of the demand can be met with the ...

The Bangladesh Bank (BB) will announce its monetary policy statement (MPS) on Sunday for the first half of the 2023-24 financial year. BB Governor Abdur Rouf Talukder will announce the MPS at a press conference at the central bank headquarters in the capital, said a press release. He will  brief journalists on the outcome of the current MPS in managing ...

The volume of goods shipped via the International North South Transport Corridor (INSTC), touted as an alternative to the Suez Canal, could almost triple over the next seven years, Russian Transport Minister Vitaly Saveliev said at the St. Petersburg International Economic Forum (SPIEF) on Thursday. The INSTC is a planned 7,200km multi-mode transit system that will connect ship, rail, and ...

Agriculture Minister Dr Muhammad Abdur Razzaque today said mushroom farming has huge potentials in country and asked agriculture officers to create 200-300 mushroom entrepreneurs in every upazila. ‘Mushroom farming is a very potential sector. It is very nutritious food containing around 22 percent protean whereas rice contains 8pc and wheat contains 12percent. Mushroom is also a cash crop,” he said, ...

The European Commission accused Google on Wednesday of abusing its dominance of the online ad market and recommended the US company sell part of its ad services to ensure fair competition. The EU executive invited Google to now respond to this preliminary finding, made after a two-year antitrust probe, before a definitive finding was made. If the commission maintains its ...

Bangladesh Railway on Wednesday started selling the advance train tickets ahead of the Eid-ul-Azha. The train tickets for June 24 are available today. Hundred per cent tickets will be sold online. The selling of tickets for West Zone started at 8am, while the East Zone will start at 12 noon. Passengers will be able to purchase the tickets for June ...

Commerce Minister Tipu Munshi today said that each of the one crore family card holders under the state-run Trading Corporation of Bangladesh (TCB) would be provided 5 kilograms of rice from the next month in addition to soybean oil, sugar and lentil at an affordable price. He also said that the price of soybean oil has been reduced by Taka ...

A consignment of 10 tonnes of onion has been imported from India through Akhaura land port in Brahmanbaria. An Indian truck loaded with the onion arrived at the port on Monday afternoon. “BDS Corporation opened a Letter of Credit for importing 200 tonnes of onion from India. In the first shipment, 10 tonnes of onion arrived yesterday afternoon. The remaining ...