Bangladesh can earn billions of dollars in foreign currencies if a vibrant jewellery industry can be established in the country with support from the government, Bangladesh Jeweller's Association (BAJUS) President Sayem Sobhan Anvir said in an interview on Saturday. Currently, there are 25,000 jewellery stores across the country, engaging some 4.4 million people. “If the sector gets the right…

Power engineering company Energypac Power Generation Ltd (EPGL) on Saturday inaugurated the first and only generator testing lab in Bangladesh after the name of “Eng. Khaleda Shahriar Kabir Testing Lab” says a press release. Architect Yeafesh Osman, minister for Science and Technology, graced the event as the chief guest.  He said, The present government is working towards fulfilling…

India's national carrier, Air India, has been officially handed over to the Tata Group, which bought the debt-ridden airline in October last year. The Tatas paid nearly $2.4bn (£1.7bn) after the government made the terms of the debt less onerous for the buyer. The salt-to-steel conglomerate founded the airline in 1932 before it was taken over by the government in 1953. The handover brings to…

Microsoft beat market expectations Tuesday with strong quarterly performance in cloud computing and software, still benefitting from the pandemic's online shifting of work, play, shopping and learning. The US tech colossus, which announced last week a blockbuster deal to buy gaming giant Activision Blizzard, said profit jumped to $18.8 billion in the final three months of last year, reports AFP. "Digital…

Bashundhara Group Chairman Ahmed Akbar Sobhan expressed the hope that the gold industry will surpass the garment sector in terms of export earnings in near future with its increased value addition. “We can earn huge foreign currencies through exporting gold to China and Europe,” he said in a function marking the opening of the new office of the Bangladesh Jewellers Samity (BAJUS) at Bashundhara…

Intel Corp said on Friday it would invest up to $100 billion to build potentially the world's largest chip-making complex in Ohio, looking to boost capacity as a global shortage of semiconductors affects everything from smartphones to cars. The move is part of Chief Executive Officer Pat Gelsinger's strategy to restore Intel's dominance in chip making and reduce America's reliance on Asian manufacturing…

The world’s 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday. Oxfam said the men’s wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per day, in a briefing published before a virtual mini-summit of world leaders being held under the auspices of the…

IFIC Bank Ltd. has been awarding the 'IFIC Bank Literary Awards' since 2011 to encourage creative and thoughtful literature by recognizing the achievements of contemporary talented writers of Bangla language and literature. Following this, on 15th January 2022, IFIC Bank Ltd. organized an award giving ceremony of ‘IFIC Bank Literary Award 2019’. In the contemplative literature category,…

Construction of the third terminal of Hazrat Shahjalal International Airport is expected to significantly enhance the capacity of passenger and cargo handling and will contribute to boosting Bangladesh's trade. The new terminal is set to more than double the airport's annual passenger handling capacity – from eight million to over 20 million – and cargo capacity – from 200,000 tonnes…

Bangladesh and Singapore have agreed to accelerate the process for concluding the signing of Free Trade Agreement (FTA) to further strengthen the trade and commerce ties between the two nations.  This was decided during a conversation over telephone between Foreign Minister Dr. AK Abdul Momen and his Singaporean counterpart Dr. Vivian Balakrishnan today, a foreign ministry press release said…

One of the country's leading conglomerates PRAN-RFL Group is set to invest Taka 1,700 crore to manufacture consumer products and mobile handsets along with starting poultry business and expanding some other existed businesses this year.  "Pran-RFL Group is setting up a new industrial park called Kaliganj Agro Processing Limited (KAPL) at Muktarpur in Gazipur to process seed, edible oil, flour,…

The price of private operators' liquefied petroleum gas (LPG) has declined by Tk 50 to 1178 from Tk 1,228 per 12-kg container with effect from 6 pm today (Monday Dec 3) at the retail level, including the value added tax (VAT). Bangladesh Energy Regulatory Commission (BERC) announced the new price at a press briefing on Monday. As per the announcement, the prices for other quantities of the LPG will…

Bashundhara Ready Mix and Construction Industries Limited (BRMCIL), a concern of the country’s largest business conglomerate Bashundhara Group, has started commercial operations on Sunday aiming to fulfil the country's growing demand for concrete. Bashundhara Group Vice Chairman Safwan Sobhan Tasvir inaugurated the project by cutting ribbon on the bank of the river Buriganga in Hasnabad area…