Placing a list of the country's top 100 loan defaulters in Parliament, Finance Minister AMA Muhtih yesterday said the classified loan now stands at Tk 111,347 crore, reports UNB. "As per the data of the Credit Information Bureau (CIB) of Bangladesh Bank, the amount of classified loan in banks…

Speakers at a function in capital yesterday laid emphasis on innovative use of jute and produce high-end products to contribute to the national economy in a bigger way by utilising export potential, reports UNB. They highlighted the growing global market of jute products and how Bangladesh can take…

A bill titled, 'Bangladesh Ship Recycling Bill, 2017', has been placed in the parliament keeping a provision of tougher punishment for violations…

Bangladesh and Singapore yesterday signed three memoranda of understanding (MoU) to facilitate information exchange, trade and investment opportunities and promote Singapore’s business interests in Dhaka, reports UNB. The MoUs were inked during the Bangladesh-Singapore Business Forum jointly organised…

AFP, HONG KONG:  Asian markets mostly rose yesterday and the dollar built on gains, following a rally on Wall Street that came on the back of forecast-busting…

AFP, HONG KONG: Chinese shipping giant COSCO has offered $6.3 billion to buy Hong Kong’s rival firm Orient Overseas International Ltd, which would make it one of the world’s largest container liners in an industry dominated by European players. The move is the latest in a consolidation wave…

Cronyism has been an eclectic socio-economic phenomenon in the today’s capitalist business world. Literally, the concept of cronyism can be explained as a common propensity to favor or being biased toward one person or a specific group of people against others. Cronyism is a state of circumstance…

AFP, MYAWADDY:  With only meagre belongings stuffed into backpacks and duffel bags, tens of thousands of Myanmar migrants have streamed home across the Thai border over the past two weeks. But it is not a joyous homecoming for the truckloads of men and women, who fled Thailand in fear of a new…

The boarder price index of the Dhaka Stock Exchange (DSE) crossed 5,800-point mark for the first time, with the daily trade volume rising over three months…

AFP, SHANGHAI: Chinese conglomerate Wanda said yesterday it will sell dozens of hotels and other projects to developer Sunac China Holdings in a $9.3 billion deal to reduce debt, two weeks after acknowledging it was under government financial scrutiny following heavy overseas investments. Wanda, headed…

Secretary-General Mohammed Barkindo of the Organization of the Petroleum Exporting Countries (OPEC) said Sunday that the member states of the bloc support…

Commerce Minister Tofail Ahmed yesterday left Dhaka for Geneva in Switzerland to attend the “6th Global Review of Aid for Trade” meeting launching today, reports BSS. The minister will attend the three-day meeting at the invitation of the World Trade Organisation (WTO) Director General Roberto…

A delegation of Chittagong Stock Exchange recently visited China and met with the officials of China Financial Futures Exchange (CFFEX) and Shanghai Stock Exchange (SSE) separately in Shanghai. Chittagong Stock Exchange (CSE) Managing Director M Shaifur Rahman Mazumdar and Director Emdadul Islam held…

The number Chinese tourists visiting Bangladesh was much more than the number Indian tourists visiting the country in 2016, Nikhil Ranjan Roy, Director, Bangladesh Tourism Board said on Sunday, reports Business Standard. "Last year, the footfall from China was around 40,000 while from India it…

Speakers at the closing ceremony of a training programme for Chittagong and Karnaphuli EPZs social councilors yesterday said it is important to engage…

With just 1.69 per cent growth, export earnings in the recently concluded FY 2016–17 have registered the lowest growth in the past 15 years. This figure is 5.85 per cent lower than the target set at the beginning of the outgoing fiscal year. Export earnings in FY17 stood at USD 34.83 billion,…