Economy

Insurance companies urged to earn public confidence

Shawdesh desk: The insurance companies should earn more public confidence through reaching services and benefits of insurance to people utilising digitized information and communication technologies. Officials today made the call

Banks write off Tk 580bn bad debts in 18 years

Shawdesh Desk: Some Tk 580 billion defaulted loans have been written off in the country’s banking sector in the last 18 years. Banks have written off Tk 579.76 billion from

Pre-budget Discussion: BAJUS seeks VAT cut on jewellery products

Shawdesh desk: Jewellery businessmen have proposed to cut the value-added tax (VAT) on retail sales of gold to 2 percent, saying that slashing the VAT rate will help increase the

Dhaka, Kuala Lumpur working to resume manpower recruitment

Shawdesh Desk: The governments of Bangladesh and Malaysia are finalising necessary procedures to begin the process of recruiting Bangladeshi workers for Malaysia. The Malaysian government has already opened up the

Tesla investigated over ‘phantom braking’ problem

Shawdesh desk; The US government is investigating reports of Tesla cars braking unexpectedly on motorways. The so-called “phantom braking” problem is being looked at by US regulator the National Highway

Bangladesh, Australia working towards key trade partners

Shawdesh Desk: Bangladesh High Commissioner Sufiur Rahman had a fruitful meeting with Dan Tehan, Australia’s Minister for Trade, Tourism, and Investment on Thursday at his Parliament Office and discussed issues

Cabinet purchase body okays procurement of 60,000 MTs fertilizer

Shawdesh desk: The Cabinet Committee on Public Purchase at a virtual meeting on Wednesday approved two separate proposals to procure 60,000 metric tons (MTs) of fertilizers. Finance Minister AHM Mustafa

Sylhet airport is becoming international-standard air station: Mahbub Ali

Shawdesh desk: State Minister for Civil Aviation and Tourism M Mahbub Ali said Sylhet Osmani Airport is becoming international- standard airport as tremendous development works are progressing fast. The state minister