Current News

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has initiated an independent inquiry to ascertain whether any worker was illegally terminated, in response to a complaint raised by the American Apparel and Footwear Federation (AAFA). The AAFA, the highest trade body of the US in garment and footwear business with …

While Huawei’s founder brushes aside a US ban against his company, the telecom giant’s employees have been less sanguine, confessing fears for their future in online chat rooms. Huawei CEO Ren Zhengfei declared this week the company has a hoard of microchips and the ability to make its own in …

Asad Ahmed, one of about 1.2 million young Indians entering the cutthroat job market each month, diligently scribbles notes at a computer class in New Delhi. While nationalist Prime Minister Narendra Modi won a new five-year term promising to step up his campaign for a “new India”, 18-year-old Ahmed is …

The growing demand from rural parts of the country and unbearable traffic in the capital have turned out to be a boon for e-commerce sites ahead of Eid-ul-Fitr, with many recording 30 percent higher orders than last Eid. The improvements in the delivery system and accessibility of internet across the …

The Bangladesh Economic Association (BEA) yesterday placed an alternative budget of Tk 1,240,090 crore for 2019-20, more than twice the size of the outlay Finance Minister AHM Mustafa Kamal is expected to unveil. Kamal may propose a budget of Tk 525,000 crore for the upcoming fiscal year in parliament on …

Most officials at Customs House Chattogram are not only performing their designated duties but also filling in for vacant posts for an acute shortage of workforce. This in turn is inevitably hampering the supervision of tax evaluation and monitoring of goods meant for import and export while exporters and importers …

When he was chief minister of the Indian state of Gujarat in 2011, Indian Prime Minister Narendra Modi kicked off an ambitious project to develop a financial hub in the style of Singapore or Dubai. The developers were tasked with transforming an expanse larger than New York’s Central Park into …

World stocks edged higher on Friday and oil prices recovered from bruising falls, after US President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted. Trade tensions have roiled global markets this week with the MSCI All …

The overall interest rate spread in the country’s banking sector narrowed down slightly as commercial banks increased deposit rates while lending rates fell, officials said. The weighted average spread between lending and deposit rates offered by the commercial banks came down to 4.04 per cent in April 2019 from 4.15 …

The government mulls over increasing the cash incentive for exports by one percentage point as it looks to motivate exporters to leverage the sudden opportunities presented by the US-China trade war. Currently, 26 sectors are provided with cash incentives ranging from 2 percent to 20 percent of their export proceeds …