Rod prices surge for costlier raw materials

The price of mild steel (MS) rods has increased by Tk 1,500 per tonne in Bangladesh in the past month because of the rising cost of raw materials globally, making building houses and implementing infrastructure projects costlier.
1 July 2021, 18:00 PM

New recycling techniques set to make electric vehicles greener

Researchers in Britain and the United States have found ways to recycle electric vehicle batteries that can drastically cut costs and carbon emissions, shoring up sustainable supplies for an expected surge in demand. 
1 July 2021, 18:00 PM

Britain working with EU as momentum grows for wider travel reopening

Britain is working with countries across the European Union to encourage them to accept its fully vaccinated travellers, its business minister said on Thursday, as momentum builds for a fuller reopening of travel from the United Kingdom.
1 July 2021, 18:00 PM

Xinjiang forced labour claims unfounded: CSA

Claims that Chinese solar firms are benefiting from forced labour in Xinjiang are unfounded and unfairly stigmatise firms with operations there, the country’s solar association said.
1 July 2021, 18:00 PM

Many apparel workers walk to work

Many garment workers faced trouble yesterday as they walked to their workplaces in absence of public transport and for not having any transport arranged by the factories on the first day of a week-long strict countrywide lockdown.
1 July 2021, 18:00 PM

Nissan bets on UK ‘renaissance’ with battery plant, new vehicle

Nissan Motor Co bet on Britain to supercharge its European electric future on Thursday, pledging $1.4 billion with its Chinese partner to build a giant battery plant that will power 100,000 vehicles a year including a new crossover model.
1 July 2021, 18:00 PM

US weekly jobless claims fall; layoffs hit 21-year low in June

The number of Americans filing new claims for unemployment benefits fell more than expected last week, while layoffs plunged to a 21-year low in June as companies held on to their workers amid labor shortages. 
1 July 2021, 18:00 PM

23 firms picked for accolades

The government, for the first time, is going to honour 23 small, medium and large companies with the "Bangabandhu Sheikh Mujib Industrial Award" for their contribution to industrialisation, job creation, product diversification and innovation.
1 July 2021, 18:00 PM

RedDot brings Tk 15cr private equity fund

RedDot Digital has unveiled a private equity fund worth Tk 15 crore called 'R-Ventures' to promote digital entrepreneurship in Bangladesh, according to a press release from the company issued yesterday.
1 July 2021, 18:00 PM

Xinjiang forced labour claims unfounded: CSA

Claims that Chinese solar firms are benefiting from forced labour in Xinjiang are unfounded and unfairly stigmatise firms with operations there, the country's solar association said.
1 July 2021, 18:00 PM

FBCCI seeks moratorium on loan classification until Dec 31

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought moratorium from Bangladesh Bank on industrial loan classification until December 31 to keep the private sector afloat during the coronavirus pandemic.
1 July 2021, 18:00 PM

FBCCI seeks moratorium on loan classification until Dec 31

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought moratorium from Bangladesh Bank on industrial loan classification until December 31 to keep the private sector afloat during the coronavirus pandemic.
1 July 2021, 18:00 PM

India’s industrial activity shrinks for first time in 11 months

India's factory activity contracted for the first time in almost a year in June as restrictions to contain the deadly second wave of the coronavirus triggered declines in demand and output that pushed firms to cut more jobs, a private survey showed on Thursday.
1 July 2021, 18:00 PM

Paris gets new JPMorgan trading hub in post-Brexit push

French President Emmanuel Macron inaugurated JPMorgan’s new trading hub in Paris on Tuesday, as France pitches for more banking jobs and tries to lure finance workers looking to leave London after Brexit. Banks are spending billions of dollars beefing up their European Union operations post-Brexit to avoid disruption to some of their activities.
29 June 2021, 18:00 PM

S&P Global cuts India’s growth forecasts

S&P Global cut its growth forecasts for some of Asia’s top economies including India, the Philippines and Malaysia on Monday, offsetting upgrades to China and South Africa and much of Latin America.
29 June 2021, 18:00 PM

Mithai opens 10 new outlets in Ctg

Confectionery retailer Mithai of Pran-RFL Group recently opened 10 new outlets in Chattogram city, taking the countrywide total to 130.
29 June 2021, 18:00 PM

Hapag-Lloyd suspends bookings of Bangladesh-bound cargoes

Hapag-Lloyd, a German container shipping company, has decided to suspend its booking of import containers bound for Bangladesh via Singapore for a month.
29 June 2021, 18:00 PM

IMED blames faulty feasibility studies

Implementation of government development projects by ministries and divisions suffers years of delays as they, in most cases, are formulated without proper feasibility studies and technical designs.
29 June 2021, 18:00 PM

Forex reserve hits record $46b

Bangladesh’s foreign exchange reserve yesterday hit a record high of $46 billion thanks to the upward trend of remittance.
29 June 2021, 18:00 PM

Home appliance sales to dry up this Eid

Sales for home appliances could dry up in the run-up to Eid-ul-Azha as non-essential retail outlets will remain closed during the strict countrywide lockdown beginning tomorrow.
29 June 2021, 18:00 PM