Stocks maintained upward trends yesterday as major indices of both Dhaka and Chittagong Stock Exchanges increased on higher transactions, reports BSS.…

The Cabinet Committee on Economic Affairs yesterday approved separate proposals to import a total of 2 lakh metric tons (mt) of fertiliser at a cost of Tk 544.37 crore, reports UNB. The approval was given at a meeting of the committee held with Finance Minister AMA Muhith in the chair. Of the bulk import,…

With the aim of attracting $ 1.25 billion investment and generating 0.15 million jobs for local people, Bangladesh Export Processing Zones Authority (BEPZA) has launched a project to set up an economic zone at Mirsarai of Chittagong, reports BSS. The project, BEPZA Economic Zone, Mirsarai (1st phase)…

Bangladesh’s foreign exchange reserve increased 4.41 times in the last 10 years from fiscal 2008-09 to 2017-18 riding on the steady garment exports and inflow of remittances, reports BSS. According to the Bangladesh Bank (BB) data, foreign exchange reserve stood at US$32.94 billion in fiscal 2017-18…

Asian markets rose yesterday as new tit-for-tat tariffs by China and the United States were seen as lighter than feared, while there are hopes the two sides will eventually avert a damaging trade war, reports AFP from Hong Kong. Donald Trump on Monday said he would press ahead with 10 percent levies…

Venezuela is to increase its oil exports to China to one million barrels a day, President Nicolas Maduro said on Tuesday, just days after visiting the Asian powerhouse, reports AFP from Caracas. Maduro said each country would invest “around five billion dollars” in the project by August…

Japan’s sensitive trade surplus with the United States shrank sharply for the second consecutive month, according to official data published yesterday, as Tokyo nervously eyes Washington’s trade war with China, reports AFP from Tokyo. The surplus came in at 455.8 billion yen ($4.05 billion)…

Most of the cars made by Ferrari will be hybrid petrol-electric by 2022, the Italian sports car manufacturer said on Tuesday, including its first SUV, reports AFP from Maranello. “By 2022, nearly 60 percent of the models we produce will be built around hybrid powertrains,” new CEO Louis…

Nilufer Zafarullah has been elected as chairman of Midland Bank Limited while Master Abul Kashem was elected as vice chairman of the bank, the bank said…

Sirajul Hoque has joined as deputy managing director of Social Islami Bank Limited (SIBL) recently, the bank said in a press statement yesterday. Prior…

The chief executive of Denmark's largest lender, Danske Bank, resigned yesterday as the institution said it was unable to determine how much money was laundered through its Estonian branch, reports AFP from Copenhagen. The announcements came days after the Wall Street Journal reported that Danish…