Biden hails Intel’s $20b chip plant investment
AFP :President Joe Biden on Friday praised Intel’s plans to spend $20 billion on a new US semiconductor facility, hailing the “historic” investment even as...
Business & Economy
BGMEA urges NBR to simplify business procedures
Business Desk :The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the National Board of Revenue (NBR) to remove customs and bond related obstacles...
SME e-database launched finally
Business Desk :The SME Foundation has finally started an initiative to create a database of small and medium enterprises (SMEs), aiming to provide hassle-free services...
BB rejects LOI extension prayer of proposed People’s Bank
Business Desk :Bangladesh Bank has rejected the application seeking time extension to meet the conditions of letter of intent (LOI) issued in favour of proposed...
IMF sees cost of pandemic rising beyond $12.5t estimate
Reuters, Washington :The International Monetary Fund expects to raise its forecast that the Covid-19 pandemic will cost the global economy $12.5 trillion through 2024, the...
US inflation spike also due to generous pandemic stimulus
AFP, Washington :President Joe Biden blames global supply snarls for the wave of price increases hitting US consumers and businesses, but the trillions of dollars...
LDC share in global exports shrinks: WTO report
Business Desk :The share of LDCs in global exports declined from 0.95 percent to 0.91 percent in the last one decade – from 2011 to...
Iraq keen to boost trade, investment with BD
Business Desk :Iraq has expressed its interest to boost trade and investment with Bangladesh and renew the trade agreements between the two countries.Iraqi Ambassador to...
Envoy Textiles gets go-ahead to issue preference shares
Business Desk :Envoy Textiles has been given go-ahead by the Bangladesh Securities and Exchange Commission (BSEC) to issue fully redeemable non-convertible cumulative preference shares. Through...
Scope for remittance cash incentive widens
Business Desk :Expatriate Bangladeshis will enjoy 2.5 per cent cash incentive if they remit five categories of service benefits in the form of remittance through...