Lilianne Ploumen, minister for Foreign Trade and Development Cooperation for the Netherlands, will arrive here on September 28 on a 2-day visit to discuss cooperation on readymade garment industry for sustainable sourcing and growth, reports UNB. The main focus of her visit will be to attend the conference…

AFP, BRUSSELS: The EU yesterday scrapped a controversial plan to limit its landmark free mobile phone roaming policy to 90 days a year, after an outcry from angry consumer groups. While doing away with time limits for roaming across the currently 28-nation bloc, the European Commission said it will…

The 9th South Asia Economic Summit will be held in Dhaka on October 15-16 with the theme ‘Reimagining South Asia in 2030’, reports UNB. Centre for Policy Dialogue (CPD) will organise the event in order to formulate recommendations to attain the Sustainable Development Goals (SDGs). A four-member…

AFP, TOKYO:  Japan's central bank yesterday unveiled a surprise overhaul of monetary policy, promising to redouble attempts to fuel inflation…

AFP, MANILA: President Rodrigo Duterte’s deadly war on crime is threatening the Philippines’ economy and endangering its democratic institutions, international credit rating agency Standard and Poor’s warned yesterday. S&P maintained its stable outlook for the Philippines, but…

AFP, WASHINGTON: A broad coalition of US states and powerful business federations went to court Tuesday to block the Obama administration’s move to extend overtime pay to some 4.2 million American workers. The US Chamber of Commerce led the group, including 21 states, in arguing that the administration’s…

AFP, Moscow: A crushing victory for Russia’s ruling party at parliamentary polls has been hailed as a big win for President Vladimir Putin—but for the deputies elected it might just prove a poisoned chalice. With Russia locked in a damaging economic crisis and its cash piles dwindling, the…

AFP, HONG KONG: Postal Savings Bank of China (PSBC) is set to raise $7.4 billion in its Hong Kong initial public offering, which is expected to be the world’s biggest flotation this year, reports said yesterday. The listing is also poised to be the biggest since Chinese internet giant Alibaba…

The daily trade value at Dhaka Stock Exchange (DSE) crossed Taka 600-crore mark yesterday on bullish trading when most issues closed higher, reports BSS. The turnover value surged to Taka 614.12 crore at the end of Wednesday's session, which was the highest after January 20 this year. …

AFP, SAN FRANCISCO: US internet giant Google launched yesterday a smart messaging app aimed at muscling into a busy market with popular rivals…

AFP, FRANKFURT: Volkswagen investors have filed 1,400 lawsuits seeking 8.2 billion euros in compensation from the car giant over its emissions cheating scandal, a German court said Wednesday, adding to a long list of legal woes for the embattled firm. Investors say the automaker failed to disclose details…

AFP, YANGON: Carrying her wages in wads of cash across Myanmar was once a risky, onerous but unavoidable ritual for maid Khin Myint Oo. But now she just pings off a text to move the money to her children  back home as mobile banking sweeps into a country whose people have for decades been locked…

AFP, PARIS: Britain is poised to take a major hit next year from its momentous decision to leave the European Union, the OECD said yesterday, halving its growth forecasts for the world’s fifth-biggest economy. The British economy will grow by 1.0 per cent in 2017, said the Organisation for Economic…

AFP, HANOI: Vietnam will delay ratifying the Trans-Pacific Partnership (TPP) until after the US elections, a lawmaker said yesterday, in the latest blow to the massive trade pact. Prospects that the 12-country deal could be ratified in Washington this year have dimmed, with US lawmakers casting…

Sheikh Fazle Fahim, Director of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), is now performing as its acting President, reports UNB. The President and the Vice-Presidents of the country’s apex trade body are now out of town as they are attending the 71st UN General…

Sonali Bank has appointed three new deputy mana-ging directors (DMDs) recently. The newly appoin-ted DMDs are—Amin Uddin Ahmed, Sarder Nurul Amin and Tariqul Islam Chowdhury, says a press release.   A circular of banking and financial institution division of Finance Ministry was issued on…