Leaders of Bangladesh Myanmar Chamber of Commerce and Industry (BMCCI) has laid emphasis on joint efforts to boost ties with Myanmar exploring business potential in the resource-blessed Southeast Asian country, reports UNB. A de6legation of the trade body, led by its President SM Nurul Hoque,…

Bank branches will remain open on July 2 and 3 in industrial areas of Dhaka, Chittagong, Narayanganj, Gazipur and Savar, aiming to facilitate the disbursement of salaries to garment workers by factory owners, reports UNB. The central bank took the decision yesterday, but there has been no decision yet…

Finance Minister Abul Maal Abdul Muhith today said the existing gas crisis would be solved by 2018 as the government is providing all-out efforts to solve the crisis, reports BSS. “We expect that Liquid Natural Gas (LNG) and Liquid Petroleum Gas (LPG) import should be easier by the end 2018,”…

AFP, PANAMA CITY: With its capacity boosted by nearly three times, Panama’s enlarged canal—set to be inaugurated on Sunday—is expected…

AFP, HONG KONG: The pound rallied against the dollar in Asian trade while stock markets were mostly up but traders stepped nervously as Britain began…

AFP, LAGOS: Emmanuel Iyayi’s love of China, its culture and language began early when he watched kung fu films as a child in his native Nigeria.…

Any startup begins with lots of enthusiasm and hope from an entrepreneur. But it gets scary when they do not know what to expect. This might lead to missteps…

Stock market finished the week yesterday in upward trend, with all major indices of Dhaka and Chittagong stock exchanges closing marginally higher, reports BSS. The daily transaction also rose marginally as some investors renewed their commitment. DSEX, the broader index of Dhaka Stock Exchange (DSE),…

AFP, TOKYO: Japan’s national pension fund, the world’s biggest, said yesterday it is suing Toshiba over a profit-padding scandal that slashed the value of its stock, as its new boss pledged to overhaul the vast conglomerate. The Government Pension Investment Fund (GPIF) wants more than $9…

AFP, BEIJING: Chinese banks have written off more than $300 billion of bad loans in the past three years, an official said Thursday as Beijing seeks to reassure investors that the country can cope with its mounting debt problem. The giant figure comes as Beijing has made getting credit cheap and easy…

AFP, SINGAPORE: Oil prices rose in Asia yesterday, hours ahead of a high-stakes British vote on whether to remain in the European Union. As with financial markets, oil traders are closely watching the referendum as analysts warn that a British exit could see the country tumble into recession with global…

AFP, FRANKFURT: The European Central Bank on Wednesday launched a new round of ultra-cheap loans for banks in a fresh move to kick-start sluggish credit in the single currency area. The ECB said that banks could submit bids for the funds—known as targeted long-term refinancing operations or TLTROs—from…

A new MFS-based microfinance initiative has been launched to increase access to financial services for women using digital technology, a press state-ment said. SAJIDA Foundation, a non-governmental organization (NGO) providing microfinance services to poor and low income people in Bangladesh, and bKash…

AFP, WASHINGTON: The Inter-national Monetary Fund warned the United States Wednesday over poverty and rising inequality in the country, saying both could hold back its economic potential. The IMF cut its outlook for US economic growth this year to 2.2 per cent, compared to 2.4 per cent forecast at the…