Global Business

Global Business

Govt to buy 200 pickups for police

The government approved the purchase of 200 double-cabin pickups for the police and the import of 1.3 million tonnes of refined petroleum products to meet fuel demand in the second half of the year.

1d ago

Tax hike to weigh on compliant businesses: FICCI

The Foreign Investors' Chamber of Commerce and Industry (FICCI) yesterday termed reform measures in the proposed national budget "positive" but warned that implementation of certain tax measures may lead to unintended burdens on industries and individuals.

1d ago

DCCI criticises exclusive port rent exemption for RMG

Other sectors will lose competitiveness if only one sector gets the benefit, the chamber says

1d ago

Vietnam to sign agriculture deals with US worth $2 billion

The announcement came as a delegation from the Ministry of Agriculture and Environment led by Minister Do Duc Duy, visited the United States.

1d ago

US tariffs may hamper efforts to cool inflation: Fed official

Typically, the Fed holds interest rates at a higher level if inflation is elevated and when inflation is low

1d ago

Corruption pervasive across the country

Corruption remains a pervasive challenge across the country, undermining the effective implementation of the national budget, Anisuzzaman Chowdhury, special assistant to the chief adviser, said at a post-budget discussion yesterday.

2d ago

Remittance jumps 32% in May

Bangladesh recorded a sharp rise in remittance inflows in May, as migrant workers sent more money home in the run-up to Eid-ul-Azha, which falls in early June.

4d ago

Apple reveals first list of 'Made in Vietnam' products, boosts local production share

Vietnam is now contributing to the production and assembly of several flagship devices, including the iPad, Mac (MacBook and Mac mini), HomePod, Apple Watch and AirPods

4d ago

Mighty US dollar feels heat as Trump's tariffs spark trade turmoil

The dollar, already on course for its worst year since 2017 , on Friday plunged to a decade-low

1m ago

What Samsung and Vietnam stand to lose in Trump's tariff war

Since the South Korean conglomerate entered Vietnam in 1989, it has poured billions of dollars into expanding its global manufacturing footprint beyond China

1m ago

Why is gold reaching record heights?

The trading turmoil unleashed by US President Donald Trump's tariffs has triggered a record run for gold, widely viewed as a safe-haven investment.

1m ago

Chinese manufacturers in fighting spirits despite scrapped US orders

The Chinese government is in fighting mode too, on Friday increasing its own retaliatory duties to 125 percent.

1m ago

Govt mulling out-of-court settlements

The government is considering out-of-court settlements as an option to recover laundered money from abroad, as the formal legal process is often time-consuming.

1m ago

Chittagong Chamber wants widening of tax net

The CCCI submitted 114 proposals for the upcoming budget

1m ago

Prada brings Versace home to create Italian luxury contender

The $1.375 billion deal brings one of fashion's best-known Italian labels back under Italian control

1m ago

Singapore eyes halal-certified agricultural imports from Bangladesh

Singaporean investors said at a roundtable by EBL

1m ago

Stocks gain for second day

The benchmark index of the Dhaka Stock Exchange edged up 0.17 percent to 5,205.23 points

1m ago

Samsung under pressure as US tariffs rattle South Korean economy

If Samsung "fully absorbs" the proposed tariff cost instead of shifting production elsewhere "approximately four trillion won ($2.7 billion) -- or some 33 percent of its smartphone operating profit -- would be directly exposed"

1m ago