Business

Business Report The country’s per capita income growing fast with average income level rise at national level. Its per capita gross national income (GNI) shot up more than 9 percent to $1,909 during 2017-18 from $1,751 a year ago, showed official figures released provisionally on Wednesday last. The GNI means all income of a country’s […]

Qatar freezes new business for First Abu Dhabi Bank Reuters, Doha Qatar will no longer permit First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE), to provide services for new customers in Doha, its regulator said, amid a probe over alleged currency manipulation after the Gulf rift. Qatar’s central bank has […]

Business Report China is expected to invest more than $50 billion in the next 10 to 15 years in Bangladesh, Commerce Minister Tipu Munshi said on Wednesday in the city. He said the investment will come in Bangladesh’s thrust sectors, such as energy and power, transport and communications, said Munshi. His remark came at an […]

RCBC files defamation case against Bangladesh Bank Inquirer, Manila Philippine’s Rizal Commercial Banking Corporation today said that it filed a defamation suit against the central bank of Bangladesh for “baseless allegation” in connection with the $81-million cyber heist three years ago. The case filed with the Regional Trial Court in Makati City of Manila on March 6 […]

Central bank must restrain controversial moves Business Report The banking sector needs immediate reform to save it from major setback. The government is trying to use it at its will to secure big loans for mega projects bypassing the central bank’s regulatory authorities. The finance ministry has set up a committee to review the central […]

Business Report The country is moving faster to emerge an economic power by 2041 under the leadership of Prime Minister Sheikh Hasina leaving behind the bad days of poverty and natural calamities when it was treated as bottomless basket by some big power in early 1970s. The issue came up for discussion in the parliament […]

LONDON (Reuters) The British parliament on Wednesday rejected leaving the European Union without a deal, further weakening Prime Minister Theresa May and paving the way for a vote that could delay Brexit until at least the end of June. After a day of high drama, lawmakers defied the government by voting 321 to 278 in […]

Govt is mulling new policy to make cars locally Business Report Bangladesh is mulling scope for developing automobile manufacturing commercially under joint venture with foreign investors to meet the country’s growing domestic demands and export to countries offering duty free access to products made in the country. This is a major policy shift in the […]

US-China trade war a boon for Bangladesh Business Report The trade war between USA and China is bringing boost to Bangladesh economy by way of boosting garment export as western buyers are shifting orders here and by pushing GDP growth substantially upward. Asian Development Bank chief economist Yasuyuki Sawada said it last week at a […]

Business Report Rubana Huq is set to become the first female president of BGMEA — the country’s garment manufacturers and exporters’ body for next two years. She is the wife of former Dhaka North city corporation mayor Annisul Huq. The BGMEA elections scheduled for March 7 will be practically held on Apr 6. Ahead of […]