Business articles

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SJIBL awarded Scholarship the brilliant students

SJIBL awarded Scholarship the brilliant students

Shahjalal Islami Bank Ltd (SJIBL) awarded scholarship among the brilliant and poor students of the country. In this regard scholarship award giving ceremony has been organized on Saturday at Officers Club, Dhaka. The 500 students from different Colleges, Medical Colleges and Universities received the Scholarship for their bright result. The 500 students will be given […]

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Walton offers 8 years replacement guaranty on inverter AC compressors

Local electronics giant Walton has announced eight years replacement guarantee on the compressors of its intelligent inverter air conditioners for domestic users. Besides, commercial users will get three years replacement guarantee on compressors. Earlier, the replacement guarantees were 3 years for domestic users while 2 years for commercial users. ACs, which were purchased from the […]

Mexico economy survives Trump’s first 100 days

MEXICO CITY: The Mexican economy has fared better than expected under the uncertainty caused by US President Donald Trump’s first 100 days in office, with GDP up 0.6 percent in the first quarter, reports BSS. The gross domestic product growth, announced Friday by the Mexican Institute of Statistics (INEGI), slightly beat analysts’ expectations of a […]

Maersk to pay 3.7 b euros for German rival

STOCKHOLM: The world’s leading container shipping company, Danish Maersk Line, said Friday it would pay 3.7 billion euros ($4 billion) for the acquisition of German competitor Hamburg Sud, reports BSS. The acquisition, already cleared by US and EU authorities, is part of a consolidation move in the shipping industry where rates paid for freight have […]

US growth hits 3-year low in Trump’s first quarter

WASHINGTON: US growth slid to its lowest level in three years in the first quarter, a disappointing start to Donald Trump’s presidency as it reaches the 100 day mark, reports BSS. GDP increased 0.7 percent in the first three months of the year as consumer spending and government expenditures tumbled to their lowest levels in […]

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Local entrepreneurs firm to set up mobile phone industry

Bangladesh has achieved remarkable success in industrial development as the country draws internal acclamation for its garment, pharmaceutical, ceramic and electronics sectors. The ‘Made in Bangladesh’ label has become a pride for the South Asian nation. The country is about to emerge as the manufacturer of ICT products such as mobile phone, laptop etc. Several […]

Singapore’s manufacturing output up 10.2 pct in March year-on-year

SINGAPORE: Singapore’s manufacturing output increased 10.2 percent year-on-year in March, said the country’s Economic Development Board (EDB) on Wednesday, reports BSS. Excluding biomedical manufacturing, output grew 12.4 percent in March, said EDB in the press release. On a seasonally adjusted month-on-month basis, manufacturing output increased 5.0 percent compared to the previous month. Excluding biomedical manufacturing, […]

S. Korean court fines local Uber unit

SEOUL: Uber’s local unit in South Korea was fined Wednesday for operating an illegal taxi service, in the US firm’s latest brush with authorities, reports BSS. The smartphone ride-hailing app started its service in Seoul in 2013, sparking angry protests from South Korean taxi drivers. The firm’s global CEO Travis Kalanick and its local unit […]

Australia’s sky-high household debt a ticking time bomb

SYDNEY: Australians are racking up extreme levels of debt to buy homes that are among the world’s most expensive, a ticking time bomb that could wreck the economy if it is hit by a sudden shock, experts warn, reports BSS. While the country is one of the best-performing developed global economies, soaring property prices have […]

Mexico can retaliate against US over tuna feud: WTO

GENEVA : The World Trade Organization on Tuesday gave Mexico the green light to impose $160 million in annual tariffs against the United States in retaliation for Washington’s discriminating against Mexican tuna imports, reports BSS. The long-running tuna trade feud between the North American neighbours centres on the controversial “dolphin safe” label. For more than […]

Over 100 firms joining Vietnam’s int’l trade fair for construction, mining, transport

HANOI: Over 100 domestic and foreign firms are taking part in the ongoing International Trade Fair for Construction, Mining and Transport, Machinery, Equipment, Technology, Vehicles and Materials (Contech Vietnam 2017) in Vietnam’s capital Hanoi, reports BSS. The three-day event which opened Tuesday is drawing participation of exhibitors from China, Germany, Japan, Spain, South Korea, Singapore, […]

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UCB launches Credit Card Reward Point redemption

United Commercial Bank Ltd (UCB) launched Credit Card Reward Point redemption and e-commerce through Debit Card on Tuesday at the Corporate Office of the bank, says a press release. UCB cardholders will now be able to redeem accumulated reward points through gift vouchers from selected partners. Moreover, from now on Debit Card holders will be […]

Luxury spenders defy Japan’s tight-fisted reputation

TOKYO: Tight-fisted shoppers, unsteady economic growth and a shrinking population: Japan doesn’t exactly fit the image of a spending powerhouse these days, reports BSS. But you would never know it in Ginza-Tokyo’s answer to the Champs-Elysees or Fifth Avenue-where a new 13-storey upscale mall is proving that Japan is still a whale in the luxury […]

General Motors loses Supreme Court appeal over car faults

General Motors has lost a legal bid aimed at protecting it from lawsuits over faulty ignition switches, reports BBC. The US Supreme Court, the top US court, will not hear the carmaker’s appeal, which argued that its 2009 bankruptcy protected it from the claims. The Supreme Court decision exposes GM to potentially billions more damages […]

SK Hynix posts record Q1 profit on mobile chip demand

SEOUL: South Korean chipmaker SK Hynix made record quarterly profits in the first three months of the year, it said Tuesday, with strong demand for memory chips for mobile gadgets pushing up prices, reports BSS. The firm’s first-quarter net profit surged 324 percent from a year ago to 1.89 trillion won ($1.66 billion) while operating […]

Ecnec okays construction of model mosques at Tk 9062.41cr

The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the construction of 560 model mosques-cum-Islamic Cultural Centres at district and upazila levels involving an estimated cost of Tk 9062.41 crore, reports BSS. The approval came from the weekly Ecnec meeting held at the NEC conference room in the city with Ecnec Chairperson […]

BB gets 73 proposals involving US$ 435m for long-term financing

Bangladesh Bank (BB) has so far received 73 project proposals involving US$ 435 million from export-oriented companies to facilitate long-term financing under the World Bank funded Financial Sector Support Project (FSSP), reports BSS. “We have already sanctioned 27 proposals with $109.77 million, of which $50.79 million of 18 proposals has been disbursed, the rest of […]

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RAKUB to reach banking services at farmers doorsteps

RAJSHAHI: Rajshahi Krishi Unnayan Bank (RAKUB) is pledged bound to reach its banking services at the doorsteps of farmers in general for elevating their living and livelihood condition, reports BSS. Besides, the bank is working for bringing all the existing agricultural potential sectors and sub-sectors under qualitative and quantitative investments for making the region’s agro-based […]

Chevron sells its BD assets to Chinese firm amid govt move to buy Govt to act as per agreement, says Nasrul

DHAKA : US oil giant Chevron Corporation has sold out its Bangladesh assets to Chinese firm Himalaya Energy Co. Ltd, reports UNB. Chevron Corporation on Monday announced that its wholly-owned subsidiary, Chevron Global Ventures, Ltd., has entered into an agreement to sell the shares of its wholly-owned indirect subsidiaries operating in Bangladesh to Himalaya Energy […]

Tokyo shares rally on French presidential vote

TOKYO: Tokyo stocks rose Monday as investors cheered news that market-friendly Emmanuel Macron came out ahead of far-right candidate Marine Le Pen in the first round of France’s presidential election, reports BSS. The French vote was being closely watched as a gauge of populist sentiment following the election of Donald Trump as US president and […]

Tokyo stocks up by break on French presidential race

TOKYO: Tokyo’ stocks rallied Monday morning as investors cheered news that market-friendly Emmanuel Macron is leading far-right candidate Marine Le Pen in the French presidential race, reports BSS. The benchmark Nikkei 225 rose 1.34 percent, or 249.49 points, to 18,870.24 by the break, while the broader Topix index of all first-section issues tacked on 1.02 […]