Business News | Daily sun | 2019-06-19
Menon slams banking sector turmoil By Sun Online Desk | Last Updated: 19th June, 2019, 18:44

Crisis in the economic sector remains to be a barrier to its way to further development, Workers Party chief Rashed Khan Menon said 

Menon slams banking sector turmoil

UAE urged to invest in agro processing industries in Bangladesh UAE urged to invest in agro processing industries in Bangladesh

UAE State Minister invited the Bangladesh State Minister to visit the UAE while a discussion could be arranged with the top UAE investors in this sector


US billionaire gives Oxford University £150m US billionaire gives Oxford University £150m

Stephen Schwarzman, a US private equity billionaire who has advised Republican presidents including Donald Trump, has given the university £150m


3,357 tonnes dry fishes exported in FY 2017-18 3,357 tonnes dry fishes exported in FY 2017-18

State Minister for Fisheries and Livestock Md Ashraf Ali Khasru today told the Jatiya Sangsad that the government exported 3,357 metric tonnes of dry fishes


Heathrow reveals expansion 'masterplan' Heathrow reveals expansion 'masterplan'

The plan includes diverting rivers, moving roads and rerouting the M25 through a tunnel under the new runway


Facebook to unveil new cryptocurrency Facebook to unveil new cryptocurrency

The world's biggest social network is expected to outline details of a virtual currency launching


UK can be a potential market for Bangladeshi agro products, spices UK can be a potential market for Bangladeshi agro products, spices

UKBCCI chairman Iqbal Ahmed OBE on Monday said the United Kingdom can be a potential market for Bangladeshi…


Tk 15166.18cr supplementary budget passed Tk 15166.18cr supplementary budget passed

 Parliament on Monday passed the supplementary budget of Tk 15166.18 crore for the fiscal 2018-19 to meet the increased expenditures


UKBCCI Trade Mission assured of government support UKBCCI Trade Mission assured of government support

The visiting delegation of UK-Bangladesh trade catalyst, the UKBCCI Trade Mission had a successful meeting…


BSC moves to induct 32 vessels by 2041 BSC moves to induct 32 vessels by 2041

Currently, the Shipping Corporation has eight different kinds of vessels in its fleet


Plastic product manufacturers for withdrawal of VAT BPGMEA for withdrawal of VAT

BPGMEA president Jasim Uddin says that it is not possible to apply VAT on the vendors of plastic goods who sell essential plastic items at villages through door-to-door visit


UKBCCI team in city to explore trade, investment opportunities UKBCCI team in city to explore trade, investment opportunities

The UKBCCI is a leading umbrella organisation for successful British-Bangladeshi entrepreneurs in the UK and Bangladesh


BGMEA demands 3 pc cash incentive for RMG sector BGMEA demands 3 pc cash incentive for RMG sector

BGMEA President Rubana Huq says that there’s an estimated one percent incentive in the proposed budget that's not enough for the industry


Uber unveils next-generation Volvo self-driving car Uber unveils next-generation Volvo self-driving car

The new vehicle also has several backup systems for both steering and braking functions as well as backup battery power and new cybersecurity systems


Saudi Arabia committed to Aramco IPO: crown prince Saudi Arabia committed to Aramco IPO: crown prince

Saudi Arabia plans to sell up to five percent of the world's largest energy firm and hopes to raise up to $100 billion


Middle East attack jolts oil-import dependent Asia Middle East attack jolts oil-import dependent Asia

Whether Asia shrugs it off, as some analysts predict, or its economies shudder as a result, the attack highlights the widespread worries over an extreme reliance on a single strip of water for the oil that fuels much of the region's shared progress


Google makes $600 mn investment to expand US data centre Google makes $600 mn investment to expand US data centre

This new investment takes Google’s total investment in Oklahoma to over $3 billion


Gold prices increased, per bhori costs Tk 51,322 Gold prices increased, per bhori costs Tk 51,322

The readjustment comes one day after the announcement of the proposed budget for the 2019-20 fiscal year


Rajshahi starts exporting mango to 7 countries Rajshahi starts exporting mango to 7 countries

  Bagha upazila in Rajshahi district has started exporting mango to seven foreign countries as…


Asian shares mixed over concerns about oil tankers, trade

Asian shares mixed over concerns about oil tankers, trade

Investors have been searching for direction as they cautiously await any new developments on the global trade war between the US and China


Business bodies laud proposed budget Business bodies laud proposed budget

If the target is to be attained, the government has to widen the tax net, business bodies have suggested


DCCI, BCI hail proposed budget DCCI, BCI hail proposed budget

In an immediate reaction after pronouncing the budget, DCCI President Osama Taseer hailed the decision of slashing registration fee on trading


Corporate tax to remain unchanged Corporate tax to remain unchanged

The existing corporate tax rates were kept unchanged to boost business and investment in the country


Finance Minister proposes number of reforms in banking sector Finance Minister proposes number of reforms in banking sector

Finance Minister AHM Mustafa Kamal has suggested a number of reforms to bring back discipline in the…


Govt to create pool of skilled drivers Govt to create pool of skilled drivers

Finance Minister AHM Mustafa Kamal on Thursday said steps have been taken to create a pool of skilled drivers to ensure road safety


Huawei: UK warned over sending 'bad signal' to China UK warned over sending 'bad signal' to China

It comes after Britain's mobile operators urged the government for clarity on the issue


Gold traders to organize 1st Gold Fair Gold traders to organize 1st Gold Fair

In a notification on May 28, 2019, the NBR said that if any trader wants to disclose their undeclared stock of gold, they will have to pay Tk1,000 per bhori


Bangladesh to become a manufacturing hub: Tipu Munshi Bangladesh to become a manufacturing hub: Tipu Munshi

Commerce Minister Tipu Munshi said here on Wednesday that the government is putting in efforts to turn Bangladesh into an important manufacturing hub in Asia


FBCCI keen to boost investment in African countries FBCCI keen to boost investment in African countries

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) on Wednesday expressed its keen interest to develop trade relations 


Uber takes its flying taxi ambitions to Australia Uber takes its flying taxi plans to Melbourne

The firm has selected Melbourne as the third pilot city for its air taxi programme, joining Dallas and Los Angeles


Record quantity imported through Benapole in three days Record quantity imported through Benapole in three days

Benapole Sonali Bank Manager Rakibul Alam said the revenue collection was estimated Tk 11 crore on Sunday, Tk 12 crore on Monday and TK 8 crore till Tuesday noon


Google makes billions from news: study Google makes billions from news: study

According to the study, Google has increasingly monetised news content as it works to keep consumers in its ecosystem


Amazon dethrones Google as top global brand: survey Amazon dethrones Google as top global brand: survey

Brand value on the key survey is calculated on the basis of the companies' financial performance and their standing among consumers across the globe


White House seeks delay on Huawei ban for contractors White House seeks delay on Huawei ban

Huawei has repeatedly denied it is controlled by the Chinese government, military or intelligence services


Plastic goods manufacturers eye bigger share in global market Plastic goods manufacturers eye bigger share in global market

Business insiders said Bangladesh has only 0.6 percent shares of the $546 billion global plastic market. The country now manufactures around 100 plastic items and the number is increasing day by day


RMG exports saw 12.82 pc growths in 11 months RMG exports saw 12.82 pc growths in 11 months

According to the EPB data released on Monday, knitwear products earned $15.68 billion, which is 12.50 percent higher than the $13.94 billion earned during the same period of FY2017-2018


Leather sector export takes a heat as ‘tanneries relocated to Savar’ Leather sector export takes a heat as ‘tanneries relocated to Savar’

The export volume declined by 9.08 percent in the first nine months of the current fiscal year compared to that of the same period in the previous fiscal year


Private sector flourishing gradually: Industries Minister Private sector flourishing gradually: Industries Minister

The minister makes this comment at a discussion meeting on ‘World Accreditation Day 2019’ organised by Bangladesh Accreditation Board (BAB) at the ministry office in the capital 


US leaves door open to China on trade talks at G20 US leaves door open to China on trade talks at G20

President Donald Trump is expected to meet his Chinese counterpart Xi Jinping at the G20 summit in Osaka on June 28-29 


Putin slams attempts to 'push' Huawei from global markets Putin slams attempts to 'push' Huawei from global markets

Despite international concerns that it could present a security risk, Huawei on Wednesday signed an agreement with Russian telecoms company MTS to develop a 5G network in the country, on the sidelines of a meeting between Putin and Xi in Moscow

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