Seven large projects are likely to get Tk 29,675 crore in the upcoming budget for financial year 2018-19 (FY19) for accelerating the implementation process…

Commerce Minister Tofail Ahmed yesterday said the government will not extend the staying period of Accord and Alliance after their tenures are expired, reports BSS. Staying period of Accord, a platform of mainly European retailers, ends yesterday (May 31) while tenure of Alliance, another platform of…

Stocks finished the week down yesterday with falling trend of all major price indices at Dhaka and Chittagong Stock Exchanges as the daily transactions…

Bangladesh Bank (BB) on Wednesday issued new instructions for banks to avoid the increasing trend of lending rate, reports BSS. “Banks can’t increase the rate of interest if the rate is fixed. In case of flexible, variable or floating interest rate, banks can increase the rate once in a…

Commerce Minister Tofail Ahmed yesterday directed all the RMG factory owners to pay the wages and Eid bonus of their workers in time, reports UNB. He came up with the directive during a special meeting on the upcoming Eid-ul- Fitr at the Secretariat. "The owners must clear their wages by June 10…

Trade tensions between the European Union and the United States ran high yesterday as the clock was ticking for US steel and aluminium tariffs against European producers to kick in, reports AFP from Paris. US Commerce Secretary Wilbur Ross on Wednesday rejected calls to extend exemptions on the punishing…

US internet giant Amazon will block Australian shoppers from its international websites to counter new tax laws on online purchases, it announced yesterday, reports AFP from Sydney. New rules require internet retailers like the American behemoth to collect a 10 per cent goods and services tax on everything…

China said yesterday it wanted to avoid an escalation of trade tensions with the United States, as the two sides held new talks and Beijing decided to lower some tariffs, reports AFP from Beijing. The overture came two days after the White House said its planned trade sanctions against China were still…

India's government could be forced to rethink the auction of a majority stake in its debt-stricken airline Air India, with no bids yet received with a deadline looming yesterday, reports AFP from Mumbai. The cut-off date has already been put back by three weeks because of the lack of interest and…

The head of the World Trade Organization agreed yesterday with a call from French President Emmanuel Macron for reform, saying he saw a need to "strengthen" the body and "make it more effective", reports AFP from Geneva. WTO Director-General Roberto Azevedo has in recent months warned…