Current News

Trade tensions between Washington and Beijing are unlikely to aid Indian exports as there is a stark difference in the nature of commodities exported by the two economies, India Ratings and Fitch wrote in a joint report published on Friday. The ongoing trade war could lead to China dumping goods …

FRANCE welcomed nearly 90 million foreign tourists last year, a new record for the country despite the  “yellow vest” anti-government protests that prompted many visitors to put off trips late last year, the government said Friday. “France remained the world’s top destination in 2018,” the government’s tourism committee said in …

Japanese car giant Nissan shook up its executive board Friday, adding a top director from partner Renault as it battles the fallout from the Carlos Ghosn saga and disappointing results. The firm will propose to shareholders a new board structure with 11 members, six of whom will be external, as …

US President Donald Trump on Friday announced a six-month delay in imposing steep tariffs on auto imports, seeking to pressure Europe and Japan into bargaining table concessions on trade. The decision marked a temporary reprieve from what would have been a sizeable escalation in Trump’s multi-front trade wars. Trump’s threat …

Five large road transport projects will alone eat up nearly half the sub-sector’s outlay, which officials say will affect the implementation of other projects in the next fiscal year (FY). The road transport sub-sector has a total of 171 projects.

The central bank has widened banks’ scope to invest in the stock market and infrastructural fund as the government looks to put a pause on the longer than usual bear run. The DSEX, the benchmark index of the premier bourse, lost 774.55 points, or 13.07 percent, in the last three …

Japanese automaker giant Mitsubishi has decided to invest $100 million in Bangladesh to produce its branded vehicles. Ryujiro Kobashi, vice president of Mitsubishi Motors, revealed the information after a meeting with Commerce Minister Tipu Munshi at the minister’s secretariat office in Dhaka yesterday. The company will invest the sum at …

Fruits, both imported and locally-produced, are pinching consumers’ pockets harder in Dhaka with their prices rising by up to 100 percent since the beginning of Ramadan on May 6. Imported fruits, including apple, grape, malta, pear, date and pomegranate, are consumed in urban areas and the demand for these fruits …

A Chinese company plans to invest US$ 33 million in Bangladesh’s agro-processing sector, Chinese Ambassador in Dhaka Zhang Zuo said yesterday. He spoke during a meeting with Agriculture Minister Abdur Razzaque at the secretariat.

Women entrepreneurs yesterday proposed allocating Tk 150 crore in the upcoming budget for the development of women-friendly economic activities. They also demanded access to loans without collateral, easing loan processing and lessening interest for women entrepreneurs.