Bangladesh Bank Governor Fazle Kabir yesterday said that the government is trying to bring down the lending interest rate to single digit which is expected to be implemented from April next for the betterment of economy, businessmen and mass people. The central bank governor said this when the newly…

Bangladesh Steel and Engineering Corporation (BSEC) yesterday inked a Memorandum of Understanding (MoU) with the Gentium-Damen Consortium Group, a joint venture of Dutch-based Damen Group and Australia-based Gentium Solutions, to construct a new world class shipyard at Char Nissanbaria and Madhyopara…

Asia equities extended a global rally yesterday, with the US decision to no longer designate China a currency manipulator a further sign of easing tensions between the economic titans. The Treasury announcement came days before the two sides are due to sign off on the first part of a wider trade agreement…

Indian hotel giant Oyo said yesterday it is cutting 1,000 employees, or 10 per cent of its local staff, as it battles multiple allegations including bribery and pressure from Japanese backer SoftBank to cut costs. An Indian newspaper said 2,400 jobs would go in total and that the firm, which has expanded…

Country’s premier bourse, Dhaka Stock Exchange (DSE), yesterday witnessed another big correction by extending the falling trend of previous session.…

Novoair, one of the country’s private airlines, on Thursday stepped into eight years after carrying 33 lakh passengers through operating over 61 thousand flights in the last seven years. The airlines that started its flight operations between Dhaka and Chattogram on this day in 2013, celebrated…

The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the economic powers after nearly two years of conflict. Just two days before President Donald Trump is set to sign a “phase one” trade agreement with China,…

Shahabuddin Patwary, additional secretary, Economic Relations Division, Ministry of Finance, has recently been appointed as the managing director of Infrastructure…

The country’s only legal DTH (Direct-to-Home) service provider AKASH has introduced a cash back on purchasing new DTH connection in January 2020.…