The country’s electronics giant ‘Walton’ is going to get another fresh investment of  20 million euros from the German Investment Corporation DEG, a development finance institution of the Federal Ministry for Economic Co-operation and Development of Germany, to expand its global market operation, the company said in a press statement yesterday. Walton will spent this fresh investment…

Dhaka stocks on Tuesday plunged again with the key index dropping below 4,450 points – lowest in 42 months – with investors selling stocks in a panic. The DSEX, key index of the Dhaka Stock Exchange (DSE), today lost 1.75 percent or 78.66 points to close at 4,419.82 points. Turnover at the bourse decreased by 8.15 percent or Tk282 crore compared to that in the previous day. At the DSE,…

Data from Medtronic’s Onyx ONE Global Study demonstrated safety and effectiveness of Resolute Onyx stent among high bleeding risk Patients (HBR)  treated with one-month dual antiplatelet therapy (DAPT) after Percutaneous Coronary Intervention (PCI) Medtronic Bangladesh Pvt Ltd today announced the clinical data from Onyx ONE Global Study. The prospective, multi-center, randomized study assessed…

Grameenphone Ltd signed an agreement with security service provider G4S Secure Solutions Bangladesh (P) Ltd at GP House of the capital recently. The agreement states that G4S will use Grameenphone postpaid connections for all of their employees along with other telecommunication services. Michael Foley, CEO of Grameenphone, along with Selim Chowdhury, Managing Director of G4S Secure Solutions Bangladesh,…

The ceramics industry in Bangladesh has turned into a booming manufacturing sector over the last few years, thanks to growing demand both in local and international markets. Since 1958, this sector has flourished tremendously and, in last ten years, the total ceramic industry’s production growth rose by almost 200 per cent. The domestic market for ceramic products, including tableware, tiles…

Muhammad Aziz Khan, a Bangladesh-born entrepreneur, has been named the 40th richest man of Singapore along with his family in the Forbes's 2019 list. According to Forbes website, his net worth is $850m. A Singapore permanent resident, Khan is planning to list power unit Summit Power International on the Singapore exchange. Summit Group is one of the leading private sector conglomerates of Bangladesh,…

The US Trade Representative's office on Friday filed a Federal Register notice suspending the 15% US tariffs slated to go into effect on Sunday on Chinese goods worth about $160 billion after reaching a "phase one" trade deal with Beijing. The notice said that the December 15 tariffs were "suspended indefinitely." The move provides formal notice of the decision on Friday not…

Bashundhara Group Director Yeasha Sobhan receives the Best Brand Award at a function at Le Meridian Dhaka on Saturday night. Bashundhara Tissue, a brand of the country’s leading business conglomerate Bashundhara Group, has won the best tissue brand award for the second consecutive time for its premier quality. Bashundhara Group Director Yeasha Sobhan received the 'Best Brand Award' from…

Samsung Mobile has again been recognized as Bangladesh’s No. 1 Handset Brand by Bangladesh Brand Forum. Top officials of Samsung Mobile Bangladesh have received the awards on behalf of Samsung Mobile during the award ceremony on December 7, 2019, at Le Meridien Dhaka. The year 2019 has been a meaningful time for Samsung as the company has just marked the 50th anniversary of its founding. Adding…

Samsung Consumer Electronics Bangladesh has recently launched Dryer with Heat Pump Technology (DV90K6000CX/EU). This new Dryer promises incredible energy efficiency and super-accurate sensor-based drying. Heat Pump Technology helps to conserve energy and reuse it. Heat Pump Technology comes with an exceptional A++ rating for energy efficiency and uses refrigerant so the machine can consume significantly…

HONG KONG, CHINA - Citibank is launching its one-stop Mobile Account Opening Service, which allows new clients to open bank account1 (Citibanking, Citi Priority or Citigold Account) and investment accounts in one go through Citi Mobile® App at anytime and anywhere. The account application can be completed in a minimum of 10 minutes2. Once the application is completed and approved, the new bank…

Bangladesh Petrol Pump and Tank Lorry Malik-Sramik Oikya Parishad called an indefinite strike from Sunday in Rajshahi, Rangpur and Khulna divisions  to press home their 15- point demand. Sale and transportation of fuel from around 2,000 petrol pumps in the three divisions will remain shut from Sunday, said Bangladesh Petrol Pump Owners’ Association’s Senior Vice-President MA Momin…

MACAU, CHINA -Galaxy Entertainment Group announced the appointment of Joey Pather, a visionary conference and exhibition industry leader, as the Senior Vice President of MICE Sector. Mr. Pather joins Asia's most iconic and advanced MICE destination, Galaxy International Convention Center (GICC) with over twenty years of hospitality and MICE management experience. In his new role Mr. Pather will…