Friday 22 October 2021 ,
Friday 22 October 2021 ,
Latest News
CSE looks for strategic partners in China, UAE, Hong Kong

CSE looks for strategic partners in China, UAE, Hong Kong

Chittagong Stock Exchange (CSE) is looking for strategic partners in China, the United Arab Emirates (UAE) and Hong Kong to sell 25 per cent of its total…

Bangladesh ‘needs to address hurdles’ for higher growth

Bangladesh urgently needs to overcome the hurdles of project implementation delays, reducing average number of days required for contract enforcement and improved port facilities, among others, to step into a higher growth trajectory smoothly, reports UNB. Inefficient management and congestions at Chittagong…
BB announces cash incentive 
for exporters

BB announces cash incentive for exporters

Like last year, goods and products under 27 categories will get cash incentive or subsidy against their exports during the current 2017-18 financial year…

Denmark provides support for ‘greener Bangladesh’

Denmark wants to provide help for a "greener Bangladesh" in close cooperation with the country's public and private sectors, and encourage investment in its green growth, reports UNB. "Denmark is proud to be able to share its solutions and inspire companies and citizens in Bangladesh…

ADB, GCF sign deal to scale up climate finance in Asia

The Asian Development Bank (ADB) and the Green Climate Fund (GCF) yesterday signed an Accreditation Master Agreement (AMA) that will allow ADB to access and administer GCF funds and scale up the bank’s climate financing to its developing member countries, reports BSS. The agreed AMA-a framework…

BB cuts interest rate of green transformation fund

Bangladesh Bank (BB) has reduced the interest rate of green transformation fund for export oriented textile and textile products and leather manufacturing industries to encourage the use of the fund, reports BSS. “In order to encourage Authorised Dealers (ADs) to use the fund, it has now been…

Alibaba profit nearly doubles on robust revenues

AFP, SHANGHAI: Chinese e-commerce giant Alibaba said yesterday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a global…
Asia fails to build on Wall Street lead as dollar languishes

Asia fails to build on Wall Street lead as dollar languishes

AFP, HONG KONG: The dollar slumped yesterday in the wake of dovish Federal Reserve minutes highlighting concern over inflation and crumbling corporate…
Uber’s Philippine 
suspension: What 
we know

Uber’s Philippine suspension: What we know

AFP, MANILA: Ride-sharing app Uber faces a month-long suspension in the Philippines, in its latest run-in with authorities around the world. Uber, the…
Fed up with mass tourism, Europe’s hotspots take away the welcome mat

Fed up with mass tourism, Europe’s hotspots take away the welcome mat

AFP, BARCELONA: “Never again a summer like this”: Exasperated with the hordes of visitors they blame for making their city unliveable, Barcelona…

US can ‘be patient’ in raising rates, Fed members say

AFP, WASHINGTON: US central bankers remain divided over inflation risks, and some argue they can afford to "be patient" before raising rates again, according to the minutes of the last policy meeting released on Wednesday. The Federal Reserve had been expected to raise the benchmark lending…
Stocks close week down

Stocks close week down

Stocks finished the week yesterday downward trend when the daily transactions declined amid volatility in large-cap securities, reports BSS. The boarder…

China gets tough on long, odd company names

AFP, SHANGHAI: "Beijing Afraid of Wife Technology" and "What You Looking at Technology" are among the kind of company names that will become a thing of the past under new Chinese government rules. After launching a campaign to eliminate public signs with poor English translations…

Grameenphone gets new CFO

Country's leading mobile phone operator Grameen-phone has appointed Karl Erik Broten as the chief financial officer (CFO), reports BSS. The appointment of Karl Erik Broten will be effective from September 1, said a press release of the operator yesterday. He is replacing Dilip Pal, who will be joining…

Canon brings third generation digital imaging solutions

Canon has brought third deneration digital imaging solutions (A3 Copiers/MFPs) in Bangladesh. Flora Limited, an authorised business partner of Canon, yesterday announced the launch of new range A3 Color Multifunctional Devices (MFDs), a press statement said. The new imageRUNNER ADVANCE C3530i, 3525i,…

Japan trade surplus shrinks in July

AFP, TOKYO: Japan recorded a double-digit drop in its trade surplus in July as costs of energy imports rose on a weaker yen, government data showed yesterday. The world’s third-largest economy logged a surplus of 418.8 billion yen ($3.8 billion), down 17 per cent from a year earlier, according…

Saudi Electricity secures $1.75b in int’l loans

AFP, RIYADH: Saudi Arabia’s national electricity company on Wednesday announced it had secured $1.75 billion in international loans, its largest to date, to finance future plans. The five-year loan is financed by eight international banks, according to a statement published by the Saudi Electricity…
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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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