Current News

Prof Dr M Nawaz Sharif, a US-based internationally famed expert on technological innovation and technology transfer, on Wednesday said local enterprises need to grow fast for the country’s sustainable development. “For sustainable national prosperity, local enterprises need to be part of global value chain and become global corporations,” he said.

AHM Mustafa Kamal is set to propose the budget, likely to be Tk 5.25 trillion in size, for fiscal year 2019-20 in parliament on Thursday, with an eye on implementing the Awami League’s 2018 campaign pledges.

Tokyo stocks opened lower on Thursday, taking a negative lead from Wall Street amid lingering worries over the US- China trade war.

The government is likely to take several steps for reviving the capital market and the real estate sector, including a cut in tax for flat purchase, in next fiscal year’s budget. As part of the steps, the government may increase the tax exemption limit of dividend earnings to up to …

Mitsubishi Corporation and Summit Group yesterday apprised Prime Minister Sheikh Hasina about the progress of the Summit-Mitsubishi and GE’s $3 billion investment in Bangladesh. Jun Nishizawa, group CEO of Natural Gas Group of Mitsubishi Corporation, and Muhammed Aziz Khan, founder chairman of Summit Group, met the prime minister at the …

The central bank yesterday injected Tk 2,300 crore into the money market to ease liquidity crunch in the banking sector amid the cash withdrawal spree in the lead up to Eid. Cash-strapped banks secured the fund using the window of repurchase agreement (repo) and assured liquidity support facility (ALSF) at …

Global rating agency Standard and Poor’s yesterday maintained its long-held BB- rating for Bangladesh, in what can be viewed as a setback of sorts given how the country has become the toast of the development world for its tremendous growth momentum. Bangladesh is forecasted to be amongst the top three …

Freight train services on the Dhaka-Chattogram route have fallen way below acceptable standards, to the extent that it recently took one importer over one month to get two goods-laden containers delivered from the port city to the capital. The containers, containing cosmetics, raw materials for shoes and industrial machinery from …

Singapore, the tiny Southeast Asian city-state, is an unlikely place for a farming revolution. With tiered fish farms, vegetable plots atop office buildings and lab-grown shrimp, the island aims to beef up its own food production and rely less on imports to feed its 5.6 million people.

Summit Corporation and JERA Asia yesterday signed a memorandum of understanding to initiate an energy infrastructure project at Matarbari in Cox’s Bazar involving an investment of more than $500 million. The initial agreement was signed at the New Otani Hotel in Tokyo in presence of Prime Minister Sheikh Hasina, who …