Business
IBBL opens 342nd branch at Panchlaish
Dhaka, Dec 26 (UNB)- Islami Bank Bangladesh Limited inaugurated Panchlaish Branch as its 342nd branch at SFA Tower in Probortok intersection of Panchlaish in Chittagong.
Asian markets slip on fears of US slowdown
Singapore, Dec 26 (AP/UNB) — Asian markets were mostly lower on Wednesday after President Donald Trump said that there was "nothing new" in efforts to end the partial government shutdown over a U.S.-Mexico border wall.
Japan stocks plunge, other Asia markets fall after US losses
Beijing, Dec 25 (AP/UNB) — Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump's attack on the U.S. central bank.
APSCL moves to raise Tk 415cr through bonds
Dhaka, Dec 23 (UNB) – State-owned Ashuganj Power Station Company Limited (APSCL) on Sunday signed separate contracts with eight banks and financial institutions to sell its bonds under private placement to raise funds for implementing its power plant projects.
Walton experiences robust sale of home appliances in winter
Dhaka, Dec 23 (UNB)- The country’s electronics’ giant ‘Walton’ has been experiencing robust sales of its home appliances with the advent of winter season this year.
China's Huawei faces new setbacks in Europe's telecom market
London, Dec 23 (AP/UNB) — The U.S. dispute with China over a ban on tech giant Huawei is spilling over to Europe, the company's biggest foreign market, where some countries are also starting to shun its network systems over data security concerns.
Japan court OKs 10-day detention for Nissan's ex-chair Ghosn
Tokyo, Dec 23 (AP/UNB) — A Japanese court approved prosecutors' request on Sunday to keep Nissan's former chairman Carlos Ghosn in detention for another 10 days.
SoftBank's mobile unit begins trading in 1 of biggest IPOs
Tokyo, Dec 19 (AP/UNB) — SoftBank Group Corp.'s Japanese mobile subsidiary began trading on the Tokyo Stock Exchange on Wednesday in one of the world's biggest share offerings.
178 businesspersons get CIP award
Dhaka, Dec 18 (UNB) - The government on Tuesday honoured 178 businesspersons with Commercially Important Person (CIP) cards for their outstanding contributions to the economy of the country in 2016.
Of them, 137 received the cards in the export category while 41 cards were awarded to the directors of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) in the trade category as ex-officio members.
Commerce Minister Tofail Ahmed handed over the CIP cards to the businesspersons for their respective companies at a ceremony held at the TCB Conference Hall in the city on Tuesday.
While speaking as the chief guest, Tofail Ahmed said Bangladesh has flourished economically for outstanding contribution from the private sectors.
“We started export with US$ 348 million just after the Liberation War. Now, the export earnings rose to $36.67 billion,” he said.
The senior minister also said, "We are distributing the CIP cards to the business people who are playing important role for flourishing country's economy. Bangabandhu Sheikh Mujibur Rahman wanted to build strong economy of the country… However, his daughter Sheikh Hasina succeeded the dream.”
The country will achieve development status by 2041, he added.
Asian shares slip as traders ready for Fed rate hike
Singapore, Dec 18 (AP/UNB) — Asian stocks fell on Tuesday, tracking losses on Wall Street as traders braced for an interest rate hike by Federal Reserve.