The World Bank (WB) and International Development Association (IDA) will begin their IDA-18 meeting in Myanmar’s capital Naypyidaw today where Bangladesh is joining to seek more assistance for infrastructure development, reports BSS. The country for the first time is attending the meeting known…

D-Money Bangladesh launched micro-financial services through mobile phones for the first time in the country to serve the unbanked people in remote areas by leveraging technology, says a press release. D-Money Bangladesh Ltd, a Financial Technology (FinTech) startup, has raised $5 million to start operations…

AFP, MUMBAI: India’s outgoing central bank governor Raghuram Rajan urged his successor on Monday to “stay the course” on pushing down inflation, in his first comments since he announced he was stepping down. The popular Reserve Bank of India chief said in a statement released on Saturday…

Top bosses including Sir Richard Branson, the Premier League chair and car industry executives have backed Remain ahead of Thursday's EU vote, reports…

Reserve Bank will survive any Governor and it is important not to “personalise this office”, the out going Raghuram Rajan said days before his surprise announcement that he was not interested in a second term, reports PTI Rajan, a former IMF Chief Economist who is credited to have predicted…

AFP, TOKYO:  Japan fell into a trade deficit in May, the first since January, the finance ministry said Monday, as renewed yen strength pressured…

AFP, NEW YORK: The sun-powered Solar Impulse 2 aircraft set off from New York’s JFK airport early yesterday, embarking on the transatlantic leg…

Share prices at Dhaka and Chittagong stock exchanges plunged further amid lackluster trade, with investors maintaining cautious stand ahead of finalisation of the national budget for 2016-17 financial year, reports BSS. The broader index of Dhaka Stock Exchange (DSE) fell for the second consecutive…

AFP, NEW DELHI: India yesterday announced a sweeping relaxation of foreign direct investment (FDI) rules in civil aviation, defence and a string of other sectors as part of efforts to open up the economy. The government freed up nine areas of the economy, including allowing foreign companies to wholly…

Bangladesh earned $ 30.66 billion in the outgoing fiscal year till May from exports, 8.95 per cent up from the previous fiscal year, Commerce Minister Tofail Ahmed told the House yesterday in reply to a scripted query from treasury bench member Nizam Uddin Hazari (Feni-2), reports BSS. On another question…

AFP, TOKYO: The pound extended its rally in Asian trade yesterday as investors swung their bets to Britain voting to remain in the European Union this week. Long-running fears of a pro-Brexit vote on June 23 had been hammering the British currency and became heightened in recent weeks as the “Leave”…

AFP, BEIJING: China has built the world’s fastest supercomputer using locally made microchips, a survey said yesterday, the first time the country has taken the top spot without using US technology. The Sunway TaihuLight machine is twice as fast as the previous number one, which was built in China…

The service contract of CEO and Managing Director of Eastern Bank Limited Ali Reza Iftekhar has been extended till August 2019, the bank said in a statement yesterday. He is leading the bank as its CEO and managing director since 2007. As the CEO and MD of EBL he has successfully introduced international…

AFP, SINGAPORE:  Oil prices extended gains in Asia yesterday  thanks to a weaker US dollar and easing fears of Britain’s exit from the European Union. The dollar fell for the fourth day in a row on Monday, trading lower against most major currencies, making dollar-priced oil cheaper…