Microsoft beat market expectations Tuesday with strong quarterly performance in cloud computing and software, still benefitting from the pandemic's online shifting of work, play, shopping and learning. The US tech colossus, which announced last week a blockbuster deal to buy gaming giant Activision Blizzard, said profit jumped to $18.8 billion in the final three months of last year, reports AFP. "Digital…

Bashundhara Group Chairman Ahmed Akbar Sobhan expressed the hope that the gold industry will surpass the garment sector in terms of export earnings in near future with its increased value addition. “We can earn huge foreign currencies through exporting gold to China and Europe,” he said in a function marking the opening of the new office of the Bangladesh Jewellers Samity (BAJUS) at Bashundhara…

Intel Corp said on Friday it would invest up to $100 billion to build potentially the world's largest chip-making complex in Ohio, looking to boost capacity as a global shortage of semiconductors affects everything from smartphones to cars. The move is part of Chief Executive Officer Pat Gelsinger's strategy to restore Intel's dominance in chip making and reduce America's reliance on Asian manufacturing…

The world’s 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday. Oxfam said the men’s wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per day, in a briefing published before a virtual mini-summit of world leaders being held under the auspices of the…

IFIC Bank Ltd. has been awarding the 'IFIC Bank Literary Awards' since 2011 to encourage creative and thoughtful literature by recognizing the achievements of contemporary talented writers of Bangla language and literature. Following this, on 15th January 2022, IFIC Bank Ltd. organized an award giving ceremony of ‘IFIC Bank Literary Award 2019’. In the contemplative literature category,…

Construction of the third terminal of Hazrat Shahjalal International Airport is expected to significantly enhance the capacity of passenger and cargo handling and will contribute to boosting Bangladesh's trade. The new terminal is set to more than double the airport's annual passenger handling capacity – from eight million to over 20 million – and cargo capacity – from 200,000 tonnes…

Bangladesh and Singapore have agreed to accelerate the process for concluding the signing of Free Trade Agreement (FTA) to further strengthen the trade and commerce ties between the two nations.  This was decided during a conversation over telephone between Foreign Minister Dr. AK Abdul Momen and his Singaporean counterpart Dr. Vivian Balakrishnan today, a foreign ministry press release said…

One of the country's leading conglomerates PRAN-RFL Group is set to invest Taka 1,700 crore to manufacture consumer products and mobile handsets along with starting poultry business and expanding some other existed businesses this year.  "Pran-RFL Group is setting up a new industrial park called Kaliganj Agro Processing Limited (KAPL) at Muktarpur in Gazipur to process seed, edible oil, flour,…

The price of private operators' liquefied petroleum gas (LPG) has declined by Tk 50 to 1178 from Tk 1,228 per 12-kg container with effect from 6 pm today (Monday Dec 3) at the retail level, including the value added tax (VAT). Bangladesh Energy Regulatory Commission (BERC) announced the new price at a press briefing on Monday. As per the announcement, the prices for other quantities of the LPG will…

Bashundhara Ready Mix and Construction Industries Limited (BRMCIL), a concern of the country’s largest business conglomerate Bashundhara Group, has started commercial operations on Sunday aiming to fulfil the country's growing demand for concrete. Bashundhara Group Vice Chairman Safwan Sobhan Tasvir inaugurated the project by cutting ribbon on the bank of the river Buriganga in Hasnabad area…

The government has decided to increase the cash incentive on sending remittances to 2.5 percent from the existing 2 percent in order to encourage sending remittances through legal channels. The decision, which came into effect from today (January 1, 2022), is expected to improve the overall living standards of common people, boosting the foreign currency reserves, checking money laundering, generating…

The holdings of gold in the foreign exchange reserves of the central banks have been growing worldwide, hitting a 31-year high this year. At the same time, US dollar holdings have been dropping. According to the World Gold Council, the banks have built up their stockpile by more than 4,500 tons over the past decade. As of September, the reserves totaled some 36,000 tons – the largest haul since…

Dhaka Bank has opened new branch at Bashundhara residential area to offer most modern financial services to people of the prestigious neighborhood in the capital. Bashundhara Group Managing Director Sayem Sobhan Anvir was guest of honour while Dhaka Bank’s chairman Abdul Hai Sarker inaugurated the branch as chief guest at Union Tower in block-A of the area on Wednesday. Dhaka Bank managing director…