Visa Inc. (NYSE: V), a leader in payments technology, announced the appointment of Soumya Basu as Country Manager – Bangladesh for Visa. Soumya will head the operations of the company in Bangladesh, Nepal and Bhutan and sit on Visa’s leadership team in the region. Late last year, Visa announced its plans to establish a country liaison office in Bangladesh. Through this entity, Visa will…

China is now the EU's biggest trading partner, overtaking the US in 2020. China bucked a wider trend, as trade with most of Europe's major partners dipped due to the Covid-19 pandemic. Trade between China and the EU was worth $709bn (€586bn, £511bn) last year, compared with $671bn worth of imports and exports from the US. Although China's economy cratered in the first quarter…

Major General Md Nazrul Islam, executive chairman of Bangladesh Export Processing Zones Authority (BEPZA), inaugurated an ATM booth of Mutual Trust Bank (MTB) during his visit in Uttara EPZ, Nilphamari on Monday. This booth has been set up inside EPZ to ensure easy banking services including the salary transfer of the workers of EPZ, said a press release. At the inaugural ceremony, he urged the bank…

The Annual Development Program (ADP) Implementation review meeting of Information and Communication Technology (ICT) Department for the financial year 2020-21 was held today virtually. State Minister for ICT Zunaid Ahmed Palak presided over the meeting while Senior Secretary of ICT Division NM Ziaul Alam, heads of ICT Department, Bangladesh Hi-Tech Park Authority, Bangladesh Computer Council and Department…

The CEO and founder of Chinese telecom giant Huawei called on Tuesday for a reset with the United States under President Joe Biden, after the firm was battered by sanctions imposed by Donald Trump’s administration, reports AFP. In his first appearance before journalists in a year, Ren Zhengfei said his "confidence in Huawei's ability to survive has grown" despite its travails across…

Bashundhara Group Managing Director (MD) Sayem Sobhan Anvir visited Bangladesh Development Bank Limited (BDBL) on Monday. During the visit, Sayem Sobhan Anvir paid a courtesy call on BDBL Managing Director and CEO Kazi Alamgir at the bank’s head office at Motijheel. Bashundhara Group MD also visited ‘Bangabandhu Corner’ of the bank. The corner is a dedicated section featuring publications…

Bashundhara Group Managing Director (MD) Sayem Sobhan Anvir visited Bangladesh Development Bank Limited (BDBL) on Monday. During the visit, Sayem Sobhan Anvir paid a courtesy call on BDBL Managing Director and CEO Kazi Alamgir at the bank’s head office at Motijheel. Bashundhara Group MD also visited ‘Bangabandhu Corner’ of the bank. The corner is a dedicated section featuring publications…

Asian stock markets extended gains on Tuesday on increased optimism about stimulus packages and global economic recovery, while retail investors retreated from GameStop and their new-found interest in silver. MSCI’s gauge of Asia Pacific stocks outside Japan was up 1.25% mid-morning, building on Monday’s rise. Hong Kong’s Hang Seng Index and China’s benchmark CSI300 Index opened…

The government of Bangladesh today signed a $500 million financing agreement with the World Bank to help upgrade the Jashore-Jhenaidah highway and improve the connecting rural roads and markets that will benefit over 20 million people living in the western region. The Western Economic Corridor and Regional Enhancement (WeCARE) Program Phase I project will help upgrade the 48 km two-lane Jashore-Jhenaidah…

The National Board of Revenue (NBR) is going to honour top taxpayers on February 11 for creating awareness of the importance of paying tax. NBR has selected a total of 141 taxpayers to recognise the individuals and corporate entities for the highest tax payments in fiscal year 2019-20. Of the winners, some 76 are individual taxpayers while 53 corporate taxpayers and 12 in other categories. Hazi Md…

East West Media Group Limited (EWMGL), a concern of the country’s largest industrial conglomerate Bashundhara Group, has once again topped the list of the highest taxpaying companies in print and electronic media category. The income tax wing of the National Board of Revenue (NBR) under Internal Resources Division (IRD) has issued a notification in this regard with the names of 141 tax-card…

The Nasdaq led US stocks higher early Wednesday ahead of the inauguration of President-elect Joe Biden amid hopes for more stimulus spending and an improved rollout of coronavirus vaccines. The broad-based S&P 500 has risen about nine percent since Biden was declared the winner of the November election, which came just ahead of regulatory approvals of the first Covid-19 vaccines. Biden is expected…

US-Bangla, the largest private airline in Bangladesh, is going to start flights from Monday (February 1) to Dubai. The airlines will operate seven flights in a week from Dhaka to Dubai, said a press release today. Initially, seven flights will be operated for Dubai from Dhaka. Every Monday, Thursday, Friday, and Sunday the flight will start for Dubai from Dhaka at 06.30 pm and will reach there at…