Ford recalling 775,000 SUVs for steering issue

Ford Motor said on Friday it was recalling about 775,000 Ford Explorer SUVs worldwide for a steering issue linked to reports of six injuries in North America. 
19 July 2021, 18:00 PM

Asian shares extend losses on renewed virus scare, inflation woes

Asian shares slipped again on Monday while perceived safe haven assets, including the yen and gold, edged higher as investor risk appetite was soured by fears of rising inflation and a relentless surge in coronavirus cases.
19 July 2021, 18:00 PM

Suzuki to enter electric vehicle market by 2025

Suzuki Motor Corp will enter the electric vehicle (EV) market by 2025 starting in its stronghold market India, Nikkei reported on Monday.
19 July 2021, 18:00 PM

J&J explores putting talc liabilities into bankruptcy

Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter. 
19 July 2021, 18:00 PM

Agro-processors asked to ensure safe workplace

In light of the recent fire at the Hashem Foods factory in Narayanganj, where 52 workers tragically lost their lives, the Bangladesh Agro-Processors’ Association (BAPA) has issued directives to its members regarding safety measures that could help prevent such disasters.
19 July 2021, 18:00 PM

Encourage SMEs to embrace climate adaptation: ICCB

The government should encourage micro, small and medium enterprises to take on appropriate climate mitigation and adaptation measures, said the International Chamber of Commerce Bangladesh (ICCB).
19 July 2021, 18:00 PM

Plug policy gaps to deepen digital inclusion: experts

Experts at a virtual dialogue yesterday emphasised addressing the gaps in policies to enhance digital inclusion since inadequacy in the ICT policies contributes to weak internet infrastructure in the country.
19 July 2021, 18:00 PM

China company to invest $42m in Ishwardi EPZ

Chinese company Vanessa Enterprise has signed a $41.77 million deal with Bangladesh Export Processing Zones Authority (Bepza) to produce accessories for ladies’ intimate garments in the Ishwardi export processing zone (EPZ) in Pabna.
19 July 2021, 18:00 PM

Stock index crosses 6,400 points for the first time

Dhaka stocks rose for a fourth consecutive day yesterday with the benchmark DSEX crossing the 6,400-point mark for the first time, bringing cheer to investors just before a five-day Eid holiday beginning today.
19 July 2021, 18:00 PM

Farmers in a remote village selling cattle online

For decades, traditional haats had been the main place for Bangladesh’s farmers and traders for selling bulls ahead of Eid-ul-Ahza, one of the biggest festivals for Muslims when demand for sacrificial animals surges.
19 July 2021, 18:00 PM

India’s crackdown on cattle smuggling a boon for Bangladesh

After failing to get a desired government job, Jakaria Lenin, an English literature graduate in Tangail, set up a cattle farm about 11 months ago.
19 July 2021, 18:00 PM

RMG factories owe $844m in wages to workers

As much as $844 million is owed in wages and severance pay to garment workers in Bangladesh since the beginning of the pandemic, a new report of the Clean Clothes Campaign (CCC) said.
19 July 2021, 18:00 PM

Wage workers in double whammy

Wage labourers in Bangladesh passed a gruelling year as their income growth dropped to a six-year low in the last fiscal year, whereas living expenses went up amid rising inflation, official figures showed.
19 July 2021, 18:00 PM

Commerce ministry asks Evaly to explain whereabouts of Tk 338 crore

The commerce ministry today asked Evaly to explain the whereabouts of around Tk 338 crore that the ecommerce platform owes to customers and merchants.
19 July 2021, 17:38 PM

Chinese company to invest $42 million in Ishwardi EPZ

Chinese company Vanessa Enterprise Ltd has signed a $41.77 million deal with Bangladesh Export Processing Zones Authority (Bepza) to produce ladies intimate garments accessories in Ishwardi EPZ in Pabna.
19 July 2021, 09:22 AM

Stocks continue to rise for fourth day

Dhaka Stocks continued its rally for the fourth day, with the benchmark index hitting a new level until midday.
19 July 2021, 07:16 AM

Indian garment maker to invest $9.26m in Chattogram EPZ

Sewtech Fashion of India yesterday signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) to invest $9.26 million in establishing a readymade garments manufacturing factory in Chattogram Export Processing Zone. 
18 July 2021, 18:00 PM

Alesha Mart still unaware of complaints against it

E-commerce platform Alesha Mart yesterday said it still did not know what the complaints were against it.
18 July 2021, 18:00 PM

Visa offers Islamic banking cards

Digital payments platform Visa yesterday launched a service in Bangladesh in line with Islamic banking principles. 
18 July 2021, 18:00 PM

What might the Bank of England do to wean the UK economy off stimulus?

Two top Bank of England officials surprised investors this week by saying the time might be nearing for the British central bank to rein in the huge stimulus programme it has used to steer the economy through the coronavirus crisis. 
18 July 2021, 18:00 PM