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    Govt to use reserve to create $5b sovereign fund

    Staff Correspondent | Updated at 09:41pm on December 15, 2016

    The government would take loan from the country’s foreign exchange reserve to create a sovereign wealth fund worth at least US$ 5 billion for financing its mega development projects...

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    Most of RMG workers face abusive behaviour in workplace: study

    Staff Correspondent | Updated at 09:35pm on December 15, 2016

    Behaviour of management with workers in the readymade garment sector of Bangladesh has worsened in 2015-16, according to a recent survey report...

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    Govt to issue sovereign bond to finance mega projects: Muhith

    staff correspondent | Updated at 05:05pm on December 15, 2016

    The minister for finance, AMA Muhith, on Thursday said that the government would issue sovereign bond to raise money from the market to finance mega development projects...

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    Japan legalises casinos, sets stage for large-scale investment

    Reuters | Updated at 08:25am on December 15, 2016

    Japan's parliament passed a law on Thursday to legalise casinos, ending 15 years of political argument and opening the way for projects that combine high-stakes gambling with hotels, shopping and conference space...

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    Tivoli XLV launched in Dhaka

    Staff Correspondent | Updated at 02:00am on December 15, 2016

    Millennium SsangYong Motors Limited and SsangYong Motor Company, a Korean premium SUV brand, on Wednesday launched SsangYong Tivoli XLV in the country...

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    Dhaka stocks post strong gain as turnover races past Tk 1,000cr

    Staff Correspondent | Updated at 01:58am on December 15, 2016

    Dhaka stocks advanced for the second trading session on Wednesday with turnover crossing Tk 1,000 crore as investors continued with optimistic purchasing...

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    HSBC recognises ‘good borrowers’ with interest rebate

    Staff Correspondent | Updated at 01:56am on December 15, 2016

    The Hongkong and Shanghai Banking Corporation Ltd in Bangladesh has started recognising its ‘good borrowers’ for the year 2015 by giving them 10 per cent rebate on realised interest, the bank announced on Wednesday...

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    UNGA grants observer status to ICC

    Business Desk | Updated at 01:54am on December 15, 2016

    The United Nations General Assembly on Tuesday granted Observer Status to the International Chamber of Commerce—business organisation representing more than six million members in over 100 countries, said a news release...

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    Govt to resume divestment of state-owned cos: Muhith

    Staff Correspondent | Updated at 01:52am on December 15, 2016

    Finance minister AMA Muhith on Wednesday said the government would resume stalled divestment process of the state-owned companies’ shares in the stock markets soon...

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    Cottage industry exempted from mandatory VAT registration

    Staff Correspondent | Updated at 01:51am on December 15, 2016

    Cottage industries located in the Dhaka and Chittagong City Corporation areas will continue to enjoy exemption from paying value-added tax and obtaining mandatory business identification numbers, said the National Board of Revenue...

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