Current News

The Cabinet Committee on Public Purchase on Wednesday approved a proposal for procuring some one lakh Electronic Fiscal Devices (EFDs) along with management systems for expediting the process for collection of VAT.

Local automobile company Bangladesh Auto Industries Ltd (BAIL) is all set to make electric vehicles from next year with an initial investment of $200 million. The facilities, civil work and utility connection of the proposed plant on a 100-acre of land at the Mirsarai economic zone in Chattogram will be …

The government has prepared a plan to face the impact of Bangladesh’s graduation from the least developed country’s category on trade and foreign aid and discussed it with the United Nations. A 13-member delegation led by Planning Minister MA Mannan had a meeting with the Global Partnership for Effective Development …

The world’s biggest listed miner BHP said on Tuesday it would invest $400 million ( £321 million) over five years to reduce emissions from its own operations and from those generated by the use of its resources.

Canada’s exemption from US tariffs on imports of aluminum metal has boosted earnings at the Canadian operations of companies such as Rio Tinto and Alcoa, but has not cut costs for US consumers.

China’s defence ministry warned on Wednesday that it was ready for war if there was a move toward Taiwan’s independence, accusing the United States of undermining global stability and denouncing its arms sales to the self-ruled island.

The central bank has asked some 20 banks to boost their investments in stocks to help revamp the country’s ailing capital market. The banks have the scope for investing more in listed securities in line with the existing rules and regulations, officials said.

Myanmar has made “minimal” preparations for the return of hundreds of thousands of Rohingya Muslim refugees sheltering in neighbouring Bangladesh, according to an Australian think-tank, despite the country saying it is ready to start repatriation.

The central bank set an agriculture credit target of Tk 241.24 billion for the banks to disburse during the current fiscal year (FY) of 2020. The amount has been estimated to be 10.66 per cent higher than that of the last fiscal year’s target, according to officials.

Japanese car giant Nissan plans to cut more than 10,000 jobs around the world as part of efforts to turn itself around, Japanese media said Wednesday, citing company sources. The cuts come after Nissan announced in May it would trim 4,800 jobs from its global workforce of around 139,000.