Speakers at a webinar on Saturday said partnership and collaboration between governments of sourcing and supplying countries, as well as brands, suppliers and workers is essential to ensuring the recovery of the apparel sector following the Coronavirus pandemic. The global apparel value chain has experienced an unprecedented disruption in view of the COVID-19 pandemic. Unlike earlier crises, all kinds…

A Dhaka court on Wednesday set February 17 to submit the probe report in the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016. Dhaka Metropolitan Magistrate Sadbir Yasir Ahsan Chowdhury set the date as the investigation agency CID failed to present the report today. On February 4, 2016, a group of hackers stole $101 million from Bangladesh Bank’s accounts with the…

The energy regulator will hold public hearings to re-fix the price of liquefied petroleum gas on January 14. The public hearing will be held from 11am to 5pm at Biam Foundation in the city, said Bangladesh Energy Regulatory Commission on Tuesday. If necessary the hearing will be continued on January 17 or 18. According to a memo of BERC on December 14, 2020, interested persons or organizations will…

Housing sector has set an example in Bangladesh by playing an important role in the national economy for the last 30 years. Top Bangladeshi and Indian businessmen expressed their views at a five-star hotel in the capital's Gulshan on Sunday. The event was organised by the Bangladesh Chapter of the Indian Importers Chamber of Commerce and Industry (IICCI). The sector also has a role to play in…

UCB Capital Management and Padma Bank Securities are going to launch two digital booths in Dubai and Canada after getting approval from Bangladesh Securities and Exchange Commission (BSEC). Sources said, in order to open a digital booth, there is a condition to get a license from the concerned country. That’s why the two brokerage houses started their process to get the license from the two…

The prices of different essentials including vegetables jumped sharply in the capital as supply chains have been disrupted due to heavy rain and recent flood across the country. The wholesalers and retailers said decreased production and supply crunch due to the flood led to the price hike. Besides, the coronavirus has also disrupted all business activities in the country.  They said the prices…

Turkey's President Recep Tayyip Erdogan on Friday announced that his country, which is almost entirely reliant on imports to meet its energy needs, found significant natural gas resources in the Black Sea. "Our drilling ship has made a substantial natural gas discovery in the Black Sea," he said in a statement broadcasted live by news channels. He indicated that a reserve as big as 320…

Classic Group has brought 6-layered anti-bacterial facemasks manufactured by Kenneth Cole, a well-known brand from New York, in Bangladesh market. The mask can be found on the popular e-commerce platforms Daraz and Click N Shop, said a press release.  The most striking feature of this mask is that the mask can be washed and used up to 30 times according to the rules. This mask can maintain the…

The sea beaches, tourist spots, hotels, motels, cottages and restaurants in Cox’s Bazar have opened on a limited scale after remaining closed for more than five months. Continuing with the gradual resumption of economic activities in the country, the government of Bangladesh decided to open the popular tourist spots and sea beaches in Cox's Bazar from August 7. Besides, tourist spots in…

The recently concluded Ceramic Expo Bangladesh 2019 got export orders worth $5.5 million, proving the nation’s growth in the international ceramics industry. As per the event organizer, Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA), the export orders primarily came from five countries— Italy, Brazil, India, Greece, and Sweden. The event saw overwhelming responses from…

Marking the 25th Dhaka International Trade Fair (DITF) 2020, Samsung Bangladesh has announced exciting offers for the New Year campaign. Samsung Mobile will also be offering up to 100% cashback on selected smartphones. These offers include gifts like refrigerator, blender, induction cooker, rice cooker, steam iron, and selected models of the TV when customers will purchase products from Samsung SmartPlaza…

HONG KONG, CHINA - Citibank and AlipayHK announced today the launch of a points conversion program enabled by Open API technology. Under the program, customers with an AlipayHK e-wallet can redeem AlipayHK Coupons with points earned through Citi credit card. The coupons are accepted by all AlipayHK partner merchants at their physical stores and can be used for bill payment and other services made…

Google agreed to pay Australian tax authorities Aus$482 million (US$327 million) to settle a long-running dispute over the tech giant's multibillion-dollar business in the country, officials announced Wednesday. The Australian Tax Office (ATO) said the payment covered taxes owed for 2008-2018, and brought to Aus$1.25 billion the amount recovered from global e-commerce titans including Microsoft,…