Hyundai Motor to invest $10b in US

Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with US firms in advanced technology.
22 May 2022, 18:00 PM

Brac Bank offers loans for higher education

Brac Bank recently launched “Agami Personal Loan”, a customised product meant to help parents and guardians bear expenses of their children’s higher education.
22 May 2022, 18:00 PM

Apple looks to boost production outside China

Apple Inc has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter.
22 May 2022, 18:00 PM

EPB team visits Walton headquarters

Walton has been achieving great success in exporting domestically finished electronics and electrical goods, said Export Promotion Bureau (EPB) Vice-Chairman AHM Ahsan yesterday.
21 May 2022, 18:00 PM

Hyundai to build $5.5b EV plant in US

South Korean automaker Hyundai will build a $5.5 billion electric vehicle and battery plant in the southern US state of Georgia, its governor announced Friday, as President Joe Biden pursued his trip to Seoul.
21 May 2022, 18:00 PM

Moody’s cuts Ukraine debt rating, outlook negative

Moody’s on Friday cut Ukraine’s debt rating for the second time in three months and lowered the outlook to negative due to the growing risk the Russian invasion will affect the nation’s debt sustainability.
21 May 2022, 18:00 PM

BSEC to probe Safko share price manipulation

The Bangladesh Securities and Exchange Commission (BSEC) has formed a two-member committee to investigate findings of Dhaka Stock Exchange (DSE) that Md Abul Khayer, a government official, and his associates were involved in a series of transactions to raise the share price of Safko Spinning Mills.
19 May 2022, 18:00 PM

Navana holds economic forum for 10-year strategy

Navana Group recently organised an economic forum as a part of their greater initiative to define Navana Tomorrow, a 10-year strategy development effort for its business units.
18 May 2022, 18:00 PM

Akij signs deal with Bühler Asia for high-tech flour mill

Akij Essentials Ltd has signed an agreement with Swiss multinational plant equipment manufacturer Bühler Asia Private Ltd, Singapore to establish a latest technology flour mill with a 600-tonne daily production capacity located in Narayanganj.
18 May 2022, 18:00 PM

BTRC seizes illegal network interference devices

The Bangladesh Telecommunication Regulatory Commission (BTRC) has seized dozens of unauthorised network interference devices such as repeaters, jammers and boosters from different markets in Dhaka in recent weeks.
18 May 2022, 18:00 PM

Salvo Chemical’s cornstarch unit ready for production

Salvo Chemical Industry yesterday announced that its cornstarch unit is ready to commence production.
18 May 2022, 07:00 AM

2cr rural people to get access to eye care by 2023

A joint initiative by MetLife Foundation and EssilorLuxottica’s Social Impact Fund will by 2023 help create over 800 entrepreneurs to provide eye care services, such as vision testing, for two crore people in rural areas.
17 May 2022, 18:00 PM

Private sector should engage in disaster risk management

Disasters can be detrimental to supply chains, production and overall business marketing, for which it is imperative to engage the private sector in risk management to mitigate the losses, said speakers at an event yesterday.
17 May 2022, 18:00 PM

Walton announces cashback of up to Tk 20 lakh

Walton announced Digital Campaign Season-15 for the upcoming Eid-ul-Azha, following its huge success in the previous seasons.
16 May 2022, 18:00 PM

Shwapno makes export debut

Retail chain Shwapno started its export journey by sending it first consignment to Hong Kong on March 31.
16 May 2022, 18:00 PM

Envoy Textiles to get $11m from ADB

The Asian Development Bank (ADB) may extend a loan of $11 million to Envoy Textiles Ltd to help the Bangladeshi textile miller purchase machinery for its second spinning unit.
16 May 2022, 18:00 PM

Sony TVs available at Transcom

Transcom Digital, an electronics retail chain of Transcom Electronics and a subsidiary of Transcom Group, started selling Sony televisions yesterday.
15 May 2022, 18:00 PM

Toshiba in talks with 10 buyout partners

Troubled conglomerate Toshiba said Friday it has been approached by 10 potential investors as it weighs going private, a move that would be highly unusual in corporate Japan.
15 May 2022, 18:00 PM

Honda yearly earnings solid despite chip crisis

Japanese auto giant Honda said Friday net profit rose 7.6 per cent in the financial year to March, benefiting from strong motorbike sales and a weaker yen.
14 May 2022, 18:00 PM

Emirates announces ‘significantly’ lower loss

Emirates airline announced a “significantly reduced” annual loss of $1.1 billion dollars on Friday, five times lower than a year before, as pandemic travel restrictions ease.
14 May 2022, 18:00 PM