Business

Apple last year introduced Emergency SOS via Satellite with the iPhone 14 lineup, allowing users to call emergency services for help in places where there’s no cellular or Wi-Fi connectivity. Since then, other smartphone makers have been working with Google to bring a similar feature to Android – and Samsung has just confirmed that it will be adding satellite-based capabilities ...

The price of 22-carat gold has hit Tk 1,02,876 per bhori, the highest in the history of Bangladesh. Bangladesh Jewellers’ Association (Bajus) announced the new price raising by Tk 2,332 on Thursday through a press release. It said the Bajus set the new rate as the price of gold has increased in the local market. The price will come into ...

The 15th edition of Bangladesh Denim Expo will once again open its doors in the International Convention City, Bashundhara (ICCB), Dhaka on November 8 and 9. The expo is set to showcase a special “Trend Zone” area, where latest denim trends and innovative products will be hand-on by the exhibitors. Here, the visitors can also get the opportunity to gain ...

The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum on Wednesday. “You look at the neighbouring countries -– Egypt, Lebanon, Jordan –- there the channels of impact are already visible,” Kristalina Georgieva said at the Future Investment Initiative (FII) in the ...

Information and Broadcasting Minister Dr Hasan Mahmud has urged global investors to invest in Bangladesh as it is the most investment friendly and promising country. “Bangladesh is now becoming the most investment friendly and promising country for its infrastructure development and other facilities including development of sea and river ports, inter-country rail and road communications,” Hasan said, mentioning that Bangladesh ...

Remitters will now get additional incentives of up to 2.5% from banks in addition to the 2.5% offered by the government as banks have increased efforts to boost remittance earnings amid the foreign exchange crisis. This means remitters will get up to Tk115.5 per USD if they send money via banking channels as the dollar rate has been set at ...

European aviation giant Airbus expects a greater stake with a longer presence in Bangladesh as the aircraft builder, a consortium of intra-European enterprises, is almost set to add 10 wide-body planes to the national airline Bangladesh Biman fleet. “We see tremendous aviation potential in Bangladesh,” said Morad Bourou-ffala, chief representative of Airbus in Bangladesh, when a group of Bangladeshi journalists ...

The government aims to collect total revenue amounting to 11.2 percent of GDP by the end of the 2025-26 fiscal, according to the Medium Term Macroeconomic Policy Statement (2023-24 to 2025-26) of the Finance Division under the Finance Ministry. It said that Bangladesh has consistently maintained an expansionary fiscal stance keeping a moderate budget deficit-usually around 5 percent of GDP-to ...

The West is seeking after establishing control over the global economy but the majority of countries understand that qualitative development is impossible in such conditions, Prime Minister Mikhail Mishustin said at the Made in Russia 2023 International Export Forum. Fierce competition is underway in the world for the technology leadership and “for control over the global economy, in the first ...

The International Monetary Fund (IMF) has relaxed several targets including foreign exchange reserves, revenue collection, automatic price adjustment of fuel for the $4.70 billion loan package for Bangladesh. At the beginning of this year, the IMF had set forex reserves target at $25.34 billion by September and $26.81 billion by June next year as conditions for the loan package, reports ...