Business Initiative Leading Development (BUILD) yesterday hailed the Bangladesh Bank (BB) policy for not to process the application to release cash incentives until the entry of export earning to Authorized Dealer (AD) Bank. Foreign Exchange Policy Department of the central bank has issued a circular…

China-Bangladesh jointly owned Ms Ship-Smart Data Technology (Bangladesh) Company Limited is going to set up a high-tech data connecting cable manufacturing industry in Chattogram Export Processing Zone (CEPZ) to cope up with advancing of Digital Bangladesh. In presence of Executive Chairman of the…

State Minister for Industries Kamal Ahmed Mojumder yesterday said initiatives will be taken to reduce tariff so that domestic industrial products can be sustained in competition with imported products. “If domestic industries produce international quality products, it should be more sincere to…

“National Textiles Day-2019” is being observed today for the first time in the country as the government has set an export target of US$ 50 billion from the sector by 2021. The theme of the day is “globalisation of the textiles sector—sustainable development”. The Ministry…

French Economy Minister Bruno Le Maire yesterday promised a "strong" EU response to threatened US tariffs on French goods, as another front…

China should adopt a plan that will see electric vehicles make up a quarter of all autos sold in the country in six years' time, the industry ministry…

Chile launched a massive $5.5 billion stimulus package after data showed its economy contracted 3.4 per cent in October -- the largest year-on-year drop in a decade -- as widespread social unrest continues. The package unveiled by Finance Minister Ignacio Briones on Monday includes boosting 2020 public…

Country’s premier bourse, Dhaka Stock Exchange (DSE) yesterday closed with further downbeat maintaining the trend of previous day. The broad index,…

US President Donald Trump on Monday announced plans to reimpose tariffs on steel and aluminum from Brazil and Argentina, hitting back at what he called their "unfair" policies. The move appeared to surprise his Brazilian counterpart, Jair Bolsonaro, who considers himself an ideological ally…

Former Malaysian prime minister Najib Razak was a "victim" of the multi-million dollar 1MDB scandal that saw state coffers drained on his watch, his lawyer said yesterday, as the ex-premier gave evidence in his own fraud trial. Huge sums were stolen from sovereign wealth fund 1Malaysia Development…

Khandaker Ataur Rah-man has recently been appointed as deputy mana-ging director (DMD) of Rupali Bank Limited, the bank said in a press statement yesterday. Prior to achieving the position, Rahman served as general manager (GM) of Janata Bank Limited. Rahman completed his post graduation in management…

Faced with slowing global economic growth and with abundant stocks putting pressure on oil prices, the OPEC group of oil producers and its partners are set to maintain production cuts when they meet in Vienna on Thursday and Friday. The cuts of 1.2 million barrels per day from October 2018 levels were…