The Indian Ocean Rim Association (IORA) has awarded Bangladesh two projects related to aquaculture and exploration of economically important marine flora. The projects are titled ‘Small scale inland and/or coastal aquaculture project in the Indian Ocean Region’ and ‘Exploration of…

The government yesterday signed a $176.06 million financing agreement with the World Bank (WB) to increase the agricultural productivity and access to markets of more than 10 lakh poor farmers, particularly women, reports BSS. Senior Secretary of the Economic Relations Division (ERD) Mohammad Mejbahuddin…

Muslim Chowdhury will continue as the acting chairman of Sonali Bank Ltd till a new chairman is appointed, says a press release.   Bank and Financial…

AFP, London: Oil dipped yesterday as a stronger US dollar and progress in controlling wildfires in Canada’s crude-producing Alberta province dampened prices. At around 1100 GMT, US benchmark West Texas Intermediate for July delivery was down 20 cents at $47.88. Brent North Sea oil, the European…

AFP, NEW YORK: Investors of ExxonMobil and Chevron vote at annual shareholder meetings today on whether the two oil giants should do more to address climate…

AFP, JAKARTA:  Indonesia has opened a string of new sectors to foreign businesses to attract more investment and help pull Southeast Asia’s biggest economy out of a slowdown, an official said yesterday. Restrictions have been eased on investing in host of industries from tourism and agriculture…

AFP, MUMBAI: A third of India’s cash machines don’t work, the central bank said, posing a challenge for the government as it strives to provide banking services to millions of poor citizens living in rural areas. The Reserve Bank of India surveyed almost 4,000 ATMs across the country with…

The World Bank Group recently launched the Pandemic Emergency Financing Facility (PEF), an innovative, fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance market for pandemic risk, says a press release. Japan,…

AFP, BRUSSELS:  Eurozone finance ministers said they hoped to unlock vital bailout cash for Greece yesterday, but warned of tough talks on debt relief that the IMF has demanded as the price for staying with the programme. The 19 ministers from the countries that use the euro met two days after…

AFP, NEW YORK:  The Coca-Cola Company said Monday that it was forced to cut back production of its popular sodas in Venezuela due to the shortage of sugar in the politically riven country. Spokeswoman Kerry Tressler said the US company’s sugar suppliers “have informed us that they will…

Emirates was voted ‘Airline of the Year – 2015’ by travelers in Bangladesh. The airline was also awarded Best In-flight Entertainment, Best Business Class, Best Long haul Airline and  Best Frequent Flyer Programme awards. It was the seventh year in a row that Emirates has received…

With the growing need of a dedicated online trading and sourcing business platform, Ezzy Group, one of the country’s leading business automation companies of the country, has announced the formal launch of the first B2B online trading platform, Pricekoto.com in Bangladesh, says a press release.…

Kazi Ahsan Khalil has recently joined NRB Commercial Bank (NRB CB) Limited as its deputy managing director, says a press release.  Prior to joining NRB CB, he served as senior executive vice president of Social Islami Bank Limited and was in-charge of the principal branch. Completing his LLB (Hons.)…

AFP, DUBAI:  Dubai presented ambitious plans yesterday for its hosting of the 2020 World Expo, the first in the Middle East, with organisers hoping to attract 25 million visitors. Representatives of more than 100 countries gathered in the Emirati city for talks on the event, which Dubai won the…