Business


PDB’s loss to increase by 196% to Tk18000cr in 2025, despite subsidy and price hikes: CPD

Business —23 June, 2024 18:38

The Centre for Policy Dialogue (CPD), a think tank, on Sunday said that ongoing losses of the Power Development Board (PDB) will increase by 196 percent…

PDB’s loss to increase by 196% to Tk18000cr in 2025, despite subsidy and price hikes: CPD

Hasina urges Indian businesses to invest in Bangladesh

Prime Minister Sheikh Hasina has invited Indian businessmen…

Hasina urges Indian businesses to invest in Bangladesh
BD to get third chunk of IMF loan next week 

The disbursement of the third tranche of the International Monetary…

BD to get third chunk of IMF loan next week 

South Korea summons Russian ambassador as tensions rise with North Korea

South Korea summons Russian ambassador as tensions rise with North Korea

South Korea summoned the Russian ambassador to protest the country's new defense pact with North Korea on Friday, as border tensions continued to rise with vague threats and brief,…

Japan inflation ticks up in May to 2.5%

Japan inflation ticks up in May to 2.5%

The pace of Japanese inflation accelerated in May partly due to higher energy bills, government data showed Friday, as analysts speculate on the timing of the Bank of Japan's next…

US to ban Kaspersky amid security concern

US to ban Kaspersky amid security concern

The US has announced plans to ban the sale of antivirus software made by Russian firm Kaspersky due to its alleged links to the Kremlin. Moscow's influence over the company was found…

Forex reserves increase to over $19 billion due to Eid festival

Forex reserves increase to over $19 billion due to Eid festival

Bangladesh's foreign exchange reserves rose by US $318 million in the span of a week to hit $19.53 billion on June 19. Bangladeshi expatriates have sent about $1.65 billion as remittances…

Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall

Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall

The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25%, even though inflation has fallen to its target of 2%. In a statement, some policymakers on the…

Boeing MAX crash victims seek nearly $25b fine in US

Boeing MAX crash victims seek nearly $25b fine in US

Families of Boeing 737 MAX crash victims on Wednesday asked US authorities to impose a fine of up to $24.8 billion on the aviation giant and proceed with criminal prosecution. The…

UK's inflation falls to lowest level in almost three years

UK's inflation falls to lowest level in almost three years

Inflation has hit the Bank of England's target for the first time in almost three years. Prices rose at 2% in the year to May, down from 2.3% the month before, official figures show.…

Nvidia CEO's net worth soars to $119 billion

Nvidia CEO's net worth soars to $119 billion

Jensen Huang- Nvidia's CEO- is now the 11th richest person in the world as his net worth increased by more than $4 billion, reports Hindustan Times. This is his highest ranking yet…

Olympics more than games: Billion-dollar business with political overtones

Olympics more than games: Billion-dollar business with political overtones

The Paris Olympics involve about 10,500 athletes from 200 countries or regions. But the Olympics are more than just fun and games. They are a giant business that generates billions…

HK bourse to keep trading through severe weather

HK bourse to keep trading through severe weather

Hong Kong's stock exchange will continue trading through typhoons and heavy storms from September, the city's leader announced Tuesday. The bourse in the international finance hub…

Chinese Premier Li toasts warming trade ties in Australia

Chinese Premier Li toasts warming trade ties in Australia

Chinese Premier Li Qiang mixed a dash of "panda diplomacy" with a visit to a historic vineyard on Sunday to celebrate a thaw in once-icy trade ties with Australia. The highest ranking…

Tk 1,000 incentive for slaughtering sacrificial animal in DNCC’s designated place

Tk 1,000 incentive for slaughtering sacrificial animal in DNCC’s designated place

Dhaka North City Corporation (DNCC) Mayor Md Atiqul Islam has announced Taka 1,000 incentive for slaughtering each sacrificial animal in DNCC’s designated locations. He made…

Hakim elected IIGAB President, Junayed Secy Gen

Hakim elected IIGAB President, Junayed Secy Gen

Aminul Hakim and Ahmed Junayed have been elected as the new president and secretary general respectively of the International Internet Gateway Association of Bangladesh (IIGAB) for…

Petrodollar Pact Over: Saudi Arabia joining China-led central bank

Petrodollar Pact Over: Saudi Arabia joining China-led central bank

Saudi Arabia's decision to join a China-dominated central bank and the expiry of its 50-year-old petrodollar agreement with the US might potentially weaken the role of the US dollar…