Business News | Daily sun | 2019-08-23

Bangladesh to share bandwidth with East Asian countries Bangladesh to share bandwidth with East Asian countries

The proposed undersea cable from Cox's Bazaar to Sittwe of Myanmar requires a cost of $25 million and nearly six months for installation


India becomes no. 1 two-wheeler market, overtakes China India becomes no. 1 two-wheeler market, overtakes China

The country has sold 17.7 million two-wheelers in 2016, against China's sales of 16.8 million two-wheelers


ADB to set up trust fund to integrate high-level technology and innovative soluations    ADB fund soon to integrate HTL, innovative solutions

ADB intends to enhance its use of HLT in areas such as climate change, smart grids, mass energy storage, energy efficiency and renewable energy


15pc VAT rate higher than most S Asian countries 15pc VAT rate higher than most S Asian countries

India, Nepal, Sri-Lanka, Maldives, Bhutan, Vietnam, Cambodia, Indonesia and Myanmar are collecting 8-13 percent VAT under their uniform VAT structures


7th Social Business Day July 28-29 7th Social Business Day July 28-29

Global social leaders, entrepreneurs and academics will participate in the event, according to Yunus Centre


Spain probes ex-HSBC executives over money laundering Spain probes ex-HSBC executives over money laundering

The "Swissleaks" scandal has triggered the opening of proceedings in France,Spain, Belgium and Argentina


Demand for gold plunges after Trump win: data Demand for gold plunges after Trump win: data

Global gold demand has fallen 18 percent in the first quarter from a year earlier


Germans hit brakes on car-buying in April Germans hit brakes on car-buying in April

All German manufacturers see lower sales last month, with double-digit drops for luxury BMW and Mercedes as well as generalists Volkswagen and Opel


Gold, silver extend fall on global cues Gold, silver extend fall on global cues

The US Federal Reserve is expected to hold interest rates steady after concluding its ongoing two-day meeting


Google Docs users hit by phishing scam Google Docs users hit by phishing scam

    Google says it has stopped a phishing email that reached about a million of its customers.…


Country expects 400 female garments owners': Chumki Country expects 400 female garments owners': Chumki

She says there is no reason to feel complacent over the growing numbers of female garments workers as many important posts of the state


Nahid for promoting textile education Nahid for promoting textile education

He urges the students of the university to continue their studies with dedication


Bangladeshi businesses invited in 'Textiles India 2017' in Gujarat Bangladeshi businesses invited in 'Textiles India 2017'

A SRTEPC delegation comprising its chairman and vice-chairman invite the Bangladeshi businessmen at a meeting in Dhaka Tuesday


Apple delivers higher profits, but iPhone sales slip Apple delivers higher profits, but iPhone sales slip

iPhone sales dipped slightly compared with a year ago to 50.8 million units, below most forecasts for the key profit machine for Apple


Over 1.10 crore MT potato to be produced in current fiscal, says Matia Chowdhury Over 1.10 crore MT potato to be produced in current fiscal: Matia

Matia Chowdhury says the government has taken various steps for accelerating this advancement


Walton makes revolutionary changes in TV technology Walton makes revolutionary changes in TV technology

A total of 28 patents of LED TV in different areas, developed by Walton engineers, are under approval process


Stocks open downward on Sunday Stocks open downward on Sunday

The top five gainers of the day were Standard Ceramics, Daffodil Computers, Reliance Insurance, BDCOM and Prime Insurance Company


Meat traders suspend strike plan from first Ramadan Meat traders won't go on strike

The BMMA president Rabiul Alam made the announcement at a press conference at Dhaka Reporter's Unity (DRU) around 11:30 am Sunday


Mango growers promote fruit bagging tech in Rajshahi Mango growers promote fruit bagging tech in Rajshahi

Some private organizations have procured the specialized bags from China for supplying those to the farmers at a cost of Taka 3-4 per bag


Capital markets need to be flourished for sustainable development Capital markets need to be flourished for sustainable development

Speakers say providing long-term loans by taking short-term deposits is risky for the economy


US economic growth rate hits three-year low US growth hits three-year low

GDP expanded at an annual rate of 0.7% in the first quarter - the slowest rate since the first quarter of 2014


Sony returns to black on healthy chip, game, battery sales  Sony returns to black on healthy chip, game, battery sales

Last year, the Tokyo-based company has incurred an 88 billion yen loss


Govt takes steps to keep dollar price stable: Tofail Dollar price to be kept stable

"Ramadan is ahead, many essential commodities are being imported and if the value of dollar goes up the prices of such commodities will be increased"


Nokia Q1 loss slightly down, sales stagnant Nokia Q1 loss slightly down, sales stagnant

The company's net sales fall slightly in the quarter to 5.4 billion euros from 5.5 billion euros in the first quarter in 2016


Samsung foresees bigger profit in 2017 as memory chips soar Samsung foresees bigger profit in 2017 as memory chips soar

Nearly two-thirds of Samsung's operating income during the first quarter was generated by its semiconductor business


Walton to produce multilayer motherboard Walton to produce multilayer motherboard

Walton has taken an initiative to produce multilayer motherboard and announced to manufacture mobile…


Jet Airways suspends pilot over racism, assault claims Jet Airways suspends pilot over racism, assault claims

Cricketer Harbhajan Singh has weighed in on the scandal, although he clarified that he had not witnessed the incident firsthand


Bangladesh to be made next global IT destination: Palak Bangladesh to be made next global IT destination: Palak

The partnership will connect Bangladesh to global innovation hubs that can bring new ideas and expertise to the country


High-tech parks to be set up in 12 districts High-tech parks to be set up in 12 districts

He says it will also boost our initiative to earn 5 billion dollars from the ICT sector by generating employment for 20 lakh youths


New VAT law more time-befitting, says Salman F Rahman New VAT law more time-befitting: Salman F Rahman

NBR chairman says united efforts by all stakeholders including businesses and NBR are needed for the successful enforcement of the new VAT law


PayPal to start operation in Bangladesh soon PayPal to start operation in Bangladesh soon

Since Paypal's start in December 1998, it has enabled nearly 200 million individuals and businesses to transfer funds electronically


French elections: Euro jumps after French vote Euro jumps after French vote

In addition to a further strengthening of the euro, Ms Brooks expects the main share markets in Germany and France


Chinese bus maker sees soaring exports Chinese bus maker sees soaring exports

Yutong's products have been sold to more than 40 countries along the Belt and Road


Speakers criticize RMG buyers for not increasing price of products RMG buyers critised for not increasing price of products

They has also blamed the foreign buyers for doing 'unethical business' with the price of apparel products of Bangladesh


Biman bags TK 1.3cr sale in tourism fair Biman bags TK 1.3cr sale in tourism fair

Following the good response, the authority has extended the deadline of BBTTF fair till April 24


NBR chooses 10 missions to beef up customs wings NBR chooses 10 missions to beef up customs wings

The National Board of Revenue (NBR) has chosen the missions considering the import and export volume


Bayer CropScience Ltd. partners with ACI Ltd. for hybrid rice seed distribution Bayer CropScience Ltd. partners with ACI Ltd.

The partnership will enable a higher reach of hybrid seed technology to farmers


Trump takes aim at US financial oversight law Trump takes aim at US financial oversight law

Trump says they are taking steps to make our economy more fair and prosperous for all


50MW solar plant in Tetulia on cards 50MW solar plant in Tetulia on cards

Power Division earlier signed deals with 13 solar grid firms to implement a series of solar power projects with tariffs at Tk 12.50 or above per unit

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