British Airways has cancelled more than 2,000 tickets sold to customers for Middle East destinations including Dubai because they were too cheap. Travel agent Travel Up told the BBC that customers were angry that the tickets were not honoured. CEO…
Category: Business
Killer driver who ran car over Selim Bepari will be caught by CCTV
Dhaka, June 21 – The person who was driving the car which killed one Selim Bepari will be identified by CCTV footage and Police are trying to find out the person who was steering the car, said Masudur Rahman, Deputy…
Auto-rickshaws, rickshaws fleecing Eid vacationers on return
Dhaka, June 21 – The Eid holidaymakers who are returning to the capital are compelled to pay extra money to hire CNG or rickshaws to reach their respective residences from bus and launch terminals due to transport crisis.
DSE turnover hits 7-month high
DHAKA – With active participation of investors, the daily turnover value at Dhaka Stock Exchange (DSE) on Thursday crossed Taka 850 crore, the highest in over seven months.
Bangladesh clears Tk 46billion project to issue e-passports
The Executive Committee of the National Economic Council (Ecnec) on Thursday approved a project involving Tk 4,635.91 crore to introduce higher technology-based e-passports to make Bangladeshi passports safer, more secure and acceptable to other countries across the world. It also…
Interest rates on Bank loan to be 9 percent in July
Dhaka, June 20 – The Bangladesh Association of Bankers (BAB) has decided to reduce the bank loan interest rate to a single digit. From July next, the rate would be 9 percent and it would be 6 percent for deposits.
Pvt banks to lower lending, deposit rates from July
Private banks will charge highest 9 percent interest in lending from July next.
Islami Bank Officers’ Kalyan Samity Eid get-together held
Dhaka, June 19 – Islami Bank Officer Kollyan Samity organized Eid Reunion on 18 June 2018, Monday at the Head Office of the Bank. Md. Mahbub ul Alam, Managing Director and CEO of the Bank was present in the program…
Engineers in case over technical glitch in PM’s flight get bail
Dhaka, June 19 -The Chief Metropolitan Magistrate Court of Dhaka on Monday granted bail to three engineers of Biman Bangladesh Airlines in a case filed about the technical glitch of Prime Minister Sheikh Hasina’s flight.
Stocks mark slight rise in indices
Stocks witnessed a tedious session today as all indices on the country’s two bourses- the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE)-gained marginally on the day.
Int’l investment treaty terminations outpace new treaties
Geneva, 14 Jun (Kanaga Raja) – Investment treaty-making has reached a turning point, as for the first time, the number of effective treaty terminations outpaced the number of new IIA (international investment agreement) conclusions, according to the UN Conference on…
Eight killed in road crashes across Bangladesh
Dhaka – At least eight people, including a school teacher, were killed in separate road accidents in Chattogram, Sylhet and Chandpur districts on Friday.
Climate financing by Multilateral banks rises to a 7-year high
Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of $35.2 billion in 2017, up 28 percent from the previous year.
Trade war looms as Trump slaps tariffs on Chinese cargo
President Donald Trump brought the world’s two biggest economies to the brink of a trade war Friday by announcing a 25 percent tariff on up to $50 billion in Chinese imports to take effect July 6.
Move to amend PCT regulations undermines TRIPS flexibilities
Geneva, 15 June (TWN) – A proposal to amend a treaty regulation at the World Intellectual Property Organization (WIPO) will compromise TRIPS flexibilities, especially in relation to the scope of patentability for national patent offices.
Colliding worlds: Donald Trump and the European Union
US President Donald Trump is not naturally inclined towards the EU. The EU represents the antithesis of what Trump aspires for in himself, or of the value he sees in others. For the President, the EU is an essentially effete…
Etihad Airways in talks to cancel, defer Boeing 777X orders
Etihad Airways is exploring options with Boeing to cancel or defer orders for 777X jets worth billions of dollars in a fresh sign of the carrier’s financial strains and potentially squeezing Boeing’s newest model, four sources familiar with the matter…
Warnings of a new global financial crisis
By Martin Khor Penang, Malaysia, Jun 11 (IPS) – There are increasing warnings of an imminent new financial crisis, not only from the billionaire investor George Soros but also from eminent economists associated with the Bank of International Settlements, the…
Accused killer Nura held over Banani businessman murder
Dhaka, June 14 – Detectives in a drive arrested the alleged ‘shooter’ who fired gunshots to kill Banani’s recruiting agency owner Siddiqur Rahman Munshi, from city’s Badda area on Wednesday night.
Millions start trips from Dhaka to village homes for Eid
Dhaka, June 13 – Thousands of residents of Bangladesh capital Dhaka started to leave the city celebrating Eid-ul-Fitr with their near and dear ones in village homes for last few days hoping better situation both road and railway. But early monsoon…
CCTV pilot project opens on Dhaka-Aricha highway
A CCTV pilot project was inaugurated on Dhaka-Aricha highway on Wednesday, aiming to prevent robbery, snatching and other criminal activities.
Dynamic test runs begin on Riyadh Metro project
French company Alstom has started conducting initial dynamic tests for the Riyadh Metro project in Riyadh. The tests have been ongoing for the past few weeks at the Line 4 depot test track in Riyadh. The test campaign includes the…
Merkel: G-7 summit with Trump was a ‘sobering’ experience
Frankfurt, Jun 11 (AP/UNB) — German Chancellor Angela Merkel found the contentious Group of Seven summit with U.S. President Donald Trump a “sobering” and “depressing” experience but said European leaders won’t be “taken advantage of” on trade.
Trump pulls out of joint G-7 statement, attacks Trudeau
The annual G-7 summit appeared to have weathered tensions over President Donald Trump’s threats of a tariff-fueled trade war until the mercurial American pulled out of a joint statement while citing “false statements” by Canadian Prime Minister Justin Trudeau.
Xi extols free trade at Asia meet as G-7 ends in disarray
Chinese President Xi Jinping extolled free trade and criticized “selfish, short-sighted” policies during a closely orchestrated gathering of a Beijing-led bloc Sunday, standing in stark contrast with the G-7 summit that ended in disarray over trade tensions.
Restore discipline in banking sector, MPs to Muhith
Members of both the treasury and opposition benches came down heavily on Finance Minister AMA Muhith on Sunday for the prevailing ‘indiscipline’ in the banking sector.
BGMEA seeks withdrawal of source tax for 3 years
Welcoming the new national budget proposed for 2018-19, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Saturday urged the government to withdraw source tax for three fiscal years and bring down corporate tax to 10 percent.
Punish those plundered money from banks: FBCCI
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday sought exemplary punishment for those who have misappropriated and plundered money from the country’s banks.
Russia, China sign biggest p nuclear package of contracts
Russia and China have signed the biggest package of contracts in the history of the two countries’ nuclear partnership recently in Beijing. The signing ceremony was attended by Russian president Vladimir Putin and President of People’s Republic of China president…
G7 summit dogged by divisions between Trump and allies
Talks at the G7 summit in Canada have failed to resolve deep differences between US President Donald Trump and leaders of major industrial nations. The divisions were laid bare on Friday, notably over trade.