Asian stock markets tumbled on Monday after a sharp escalation in the US-China trade war rattled investors. On Friday, US President Donald Trump announced tariff hikes on effectively all Chinese imports to the US. It came after Beijing said it would impose fresh duties and raise

DHAKA: The rupee opened lower against the US dollar at 72.03 on Monday, and declined to as much as 72.24 - down 58 paise from the previous close - in late morning deals.  That marked the lowest intraday level recorded for the rupee so far in calendar year 2019, reports NDTV. 

DHAKA: Sonali, Rupali, Janata and Agrani banks won't be refinanced and moreover, won't be allocated budget anymore. Finance Minister AHM Mustafa Kamal revealed the decision Sunday (August 25). The four state banks have to run by own money, he said.  "This year's

DHAKA: With another leap towards success, Lutfi Chowdhury, former regional head of Eskimi South Asia has now been appointed as the Managing Director of Eskimi. With this leap, he has also placed Bangladesh as the central hub of this global programmatic and demand-side platform with its

DHAKA: Bashundhara Group (BG) Chairman Ahmed Akbar Sobhan was given Estate Awards in India for his outstanding contribution to Bangladesh's real state sector. He received the award under International category.   RE/MAX Global Alliance Senior Vice President Mike Reagan handed

DHAKA: City Bank Ltd sued its former assistant vice president Monira Sultana Popy on various allegations of blackmailing and harassing attempts against the bank. Head of Court Operation at Legal Division of the bank's head office AKM Ayub Ullah filed the case with Gulshan Police

DHAKA: Thousands of officials and businesses are set to exchange insights on multilateral co-operation and explore concrete business opportunities as the 4th edition of Belt and Road Summit will begin in Hong Kong next month, reports NsNewsWire. The mega event will bring together about

DHAKA: Industries Minister Nurul Majid Mahmud Humayun said out of one crore pieces of rawhides, only 10,000 pieces damaged this year. He said this while holding a tripartite meeting of the government, tannery owners, warehouse owners and other rawhide-related personalities at the

DHAKA: Tanners urged the government to withdraw its decision to allow rawhide exports, on the grounds that it might cause a scarcity for the local industry. President of Bangladesh Tanners Association (BTA) Shahin Ahmed placed this demand at a press conference at its office in city’s

DHAKA: The government has decided to grant permission to export rawhide in order to ensure fair price. Abdul Latif Bakshi, Public Relations Officer of the Ministry of Commerce disclosed this information on Tuesday (August 8). According to the ministry, it is being observed, through

DHAKA: Coca-Cola, a multinational company that produces soft drinks, will invest US $ 200 million in Bangladesh in the next five years.  Of this, $ 50 million will be invested next year. A six-member delegation of the Coca-Cola Company met with Industries Minister Nurul Majid

DHAKA: The government will jointly construct a pipeline between Bangladesh and India to supply fuel undisputedly and ensure smoother flow in the northern part of the country.  With this pipeline, it will be possible to bring 1,000,000 (one million) tonnes of diesel from India

DHAKA: Bangladesh Jewellers Samity (BAJUS) has increased the gold prices again within a day. The revised prices of gold were disclosed in a press release issued by BAJUS on Tuesday (August 7). The price of 1 bhori (11.664 gram) of 22-carat gold rose by Tk 1166. BAJUS on Tuesday

DHAKA: Bangladesh Bank has asked the scheduled banks to remain open its branches, adjacent to sacrificial animals’ hat in the capital, and to keep open the evening banking for three days before Eid.  Banking Regulations and Policy Department of the central bank on Wednesday (August

DHAKA: The government has announced the prices of different types of rawhides from animals sacrificed during Eid-ul-Azha, fixing the highest price of cowhides at Tk 45-50 in Dhaka and at Tk 35-40 for outside capital. Commerce minister Tipu Munshi announced the prices of rawhides after

The Board of Directors of ONE Bank Limited has reelected Sayeed H Chowdhury as its chairman for another one-year term from August 1, 2019, said a press release on Tuesday (August 6).  The Board has also re-elected Asoke Das Gupta as its vice chairman and Zahur Ullah as the chairman of

DHAKA:   The government has removed all tariffs on import of dengue test kits amid outbreak of dengue fever. National Board of Revenue (NBR) lifted import tax, value added tax (VAT), advanced tax and advanced income tax on dengue test kits, reagents and blood platelet plasma test

DHAKA: Bangladesh Bank has asked all banks across the country to keep sufficient money at their ATM (Automated Teller Machine) booths during the Eid-ul-Azha holidays to enable clients to withdraw money. The central bank issued a circular to this effect on Monday (August 5) directing

DHAKA: Shanghai, biggest city of China, is set to create an institute of research and action on financial inclusion and social business and introduce Grameen Programme in collaboration with Nobel Laureate Professor Muhammad Yunus.  During the separate meetings among Governor of Putuo

The chief executive of HSBC has stepped down after the bank said it needed a change in leadership to address a "challenging global environment". John Flint is giving up the role he has held for a year and a half "by mutual agreement with the board". He will immediately cease his