Economy News | Daily sun | 2019-07-16

Finance Minister hints at raising bank director’s tenure Finance Minister hints at raising bank director’s tenure

Finance Minister AMA Muhith today hinted at increasing the tenure of bank directors from the existing…


Stocks open week in red as major sectors dip Stocks open week in red as major sectors dip

Stocks began the week on Sunday in red as the major sectors plunged further with falling trend at both…


Cellphone operators caught up in $500 million tax row Cellphone operators caught up in $500 million tax row

By the National Board of Revenue's, four foreign-backed cellphone operators owe $500 million in…


DSE, CSE see deflation at opening DSE, CSE see deflation at opening

The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) --…


Bangladesh export to exceed $60 billion by 2021: Tofail Bangladesh export to exceed $60 billion by 2021: Tofail

Commerce Minister Tofail Ahmed today expected Bangladesh to fetch over US$60 billion by 2021 from exports…


First ever Impact Investment summit in Bangladesh on November 10 First ever Impact Investment summit in Bangladesh on November 10

Bangladesh Brand Forum is organizing the first ever summit on Impact Investment in Bangladesh, said…


China interested to relocate many businesses in Bangladesh, says FBCCI President China interested to relocate many businesses in Bangladesh, says FBCCI President

Abdul Matlub Ahmed said the business community had noticed China’s growing interest in Bangladesh…


Amazon targets Chinese demand for overseas shopping with Prime launch Amazon targets Chinese demand for overseas shopping with Prime launch

  Amazon.com Inc has launched a tailored version of its Prime service in China to tap consumer…


Google parent profits beat estimates


Google parent profits beat estimates

  Google parent company Alphabet has beaten expectations, reporting a 20.2 % rise in quarterly…


Maersk under fire for involvement in illegal toxic waste trafficking to Bangladesh Maersk under fire for involvement in illegal toxic waste trafficking to Bangladesh

The world's largest container shipping company Maersk-owned floating oil production and storage…


Nokia in Q3 loss, sales drop amid networks downturn Nokia in Q3 loss, sales drop amid networks downturn

Nokia says it made a net loss in the third quarter and saw a 12-percent drop in sales amid a downturn…


Drivers 'face rising insurance bills' Drivers 'face rising insurance bills'

  Motorists are facing higher car insurance premiums than a year ago, a report suggests, with the…


Stock market witnessing gain Stock market witnessing gain

Trading on the country’s two bourses is underway showing gain in share-price indices on Thursday,…


Nissan Mexico announces end to popular Tsuru model Nissan Mexico announces end to popular Tsuru model

Automaker Nissan's Mexico unit announced Wednesday that it will cease production of the long-running…


Samsung profit hit by Note 7 fiasco Samsung profit hit by Note 7 fiasco

  South Korean technology giant Samsung has seen profits plunge after the recall of its Galaxy…


Bangladesh climbs 2 steps up in doing business ranking Bangladesh climbs 2 steps up in doing business ranking

Bangladesh has moved two steps up and ranks 176th in the ease of doing business scoring 40.84 in Distance…


Stocks suffer major loss Stocks suffer major loss

Stocks suffered major loss on Wednesday as selling pressures mounted for profit-booking. All the indications…


Bangladesh becomes number 1 cotton importer in the world Bangladesh becomes number 1 cotton importer in the world

Bangladesh has become the world’s top cotton importer overtaking China with expanding global market…



Apple iPhone sales beat estimates Apple iPhone sales beat estimates

  Apple has reported its third quarter in a row of falling iPhone sales and revenue, but sales…


UK approves third runway at Heathrow UK approves third runway at Heathrow

  The government has approved a third runway at Heathrow to expand UK airport capacity following…


Best, worst car brands? Best, worst car brands?

    Lexus, Toyota and Buick are the most reliable brands in Consumer Reports' latest survey,…


Beware the slow version of the new iPhone Beware the slow version of the new iPhone

  All iPhones may look the same, but under the hood it's a different story.   Some iPhone…


Tata replaces Cyrus Mistry as chairman with Ratan Tata Tata replaces Cyrus Mistry as chairman with Ratan Tata

MUMBAI: The board of Tata Sons, the holding company of the Tata Group, has unexpectedly replaced Cyrus…


Week-long income tax fair begins from November 1 Week-long income tax fair begins from November 1

National Board of Revenue (NBR) has completed preparation to hold its annual weeklong income tax fair…


Athens for boosting economic ties with Dhaka Athens for boosting economic ties with Dhaka

Secretary General of the Ministry of Foreign Affairs of Greece Dimitrios Paraskevopoulous on Monday…


DSE trade crosses Tk 600 crores DSE trade crosses Tk 600 crores

The stock market saw steady transaction on Monday on large-scale buying of power and consumers'…


BEXIMCO Pharma receives second product approval of US BEXIMCO Pharma receives second product approval of US

BEXIMCO Pharmaceuticals Limited (BPL) has received US Food and Drug Administration (FDA) approval for…


DSE, CSE see up at opening DSE, CSE see up at opening

Both the bourses of the country witnessed positive trend in early hour of trading on Monday, the second…


Stocks ease up to open week Stocks ease up to open week

Stocks eased Sunday to open week with a positive note when the daily transaction surged on voluminous…


Banks poised to relocate out of UK over Brexit, BBA warns Banks poised to relocate out of UK over Brexit, BBA warns

  Large banks are getting ready to relocate out of the UK early next year over fears around Brexit,…


AT&T announces $86bn Time Warner deal AT&T announces $86bn Time Warner deal

The US telecoms giant AT&T has announced that it will buy entertainment group Time Warner for nearly…


Milk Vita earns profit of Tk 18 crore Milk Vita earns profit of Tk 18 crore

Bangladesh Milk Producers' Co-Operative Union Ltd. (Milk Vita), has earned over Taka 18 crore in…


Efficient use can save up to 21pc energy cost Efficient use can save up to 21pc energy cost

Bangladeshi companies can reduce the use of fuel by up to 16 percent helping to cut the cost up to 21…


Geopolitics hampers deep sea port development: JOC Geopolitics hampers deep sea port development: JOC

Competition among three major powers for building a deep-sea port in Bangladesh has slowed down the…


Homicide charges over Brazil dam disaster Homicide charges over Brazil dam disaster

  Brazilian prosecutors have filed homicide charges against 21 people a year after an iron ore…



Microsoft sees shares hit record high Microsoft sees shares hit record high

    Microsoft's focus on cloud computing has helped it deliver better-than-expected quarterly…


Gold price closes higher in Hong Kong Gold price closes higher in Hong Kong

The gold price in Hong Kong went up 90 HK dollars to close at 11,780 HK dollars per tael on Thursday,…


BTRC shuts down Citycell over non-payment of dues BTRC shuts down Citycell over non-payment of dues

Bangladesh Telecommunication Regulatory Commission (BTRC) on Thursday shut down the transmission of…


Ausralian company joins hands with PRAN to produce chili sauce Ausralian company joins hands with PRAN to produce chili sauce

Australia-based sauce manufacturer Byron Bay Chili Company on Thursday joined hands with local company…

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