The government yesterday signed a $200 million loan agreement with Asian Development Bank (ADB) to help small and medium-sized enterprises (SMEs) in rural Bangladesh.  Economic Relations Division (ERD) Secretary (In-charge) Kazi Shofiqul Azam and the ADB Country Director in Bangladesh Kazuhiko…

US company Coca-Cola, a global leader in the beverage industry, formally opened its new bottling plant at Bhaluka, Mymensingh yesterday as part of its…

Market went through major corrections yesterday, breaking a ceaseless rally that continued at both Dhaka and Chittagong stock exchanges in the past seven sessions in a row, reports BSS. The corrections in prices of majority of the traded shares were, however, moderate to low level as the demand side…

A thirty-member delegation led by Industries Minister Amir Hossain Amu will leave Dhaka today for India to join the "3rd Edition of Bengal Global Business Summit-2017", reports BSS. The two-day summit will begin from January 21 at Milan Mela Hall in Kolkata, said a press release…

AFP, DAVOS: China’s President Xi Jinping warned yesterday against scapegoating globalisation for the world’s ills or retreating behind protectionist…

AFP, DAVOS:  Over a dozen leading European and Asian firms have teamed up to promote the use of hydrogen as a clean fuel and cut the production of harmful gasses that lead to global warming. Convened on the sidelines of the World Economic Forum, the first Hydrogen Council brought together 13 firms,…

AFP, HONG KONG: The dollar recovered against its major peers yesterday after taking a battering the previous day but equity traders were on edge owing…

AFP, SHANGHAI:  China may allow foreign companies to launch IPOs on its stock exchanges and issue corporate bonds, the government said, after President Xi Jinping promised the world his country was committed to opening its markets. The State Council, China’s Cabinet, late Tuesday posted on…

Commerce Minister Tofail Ahmed on Tuesday said US President-elect Donald Trump's declaration to quit Trans-Pacific Partnership (TPP) trade deal helped Bangladesh a lot as the country was excluded from the bloc, reports UNB. “Before taking oath, his declaration not to remain with TPP helped…

AFP, UNITED NATIONS: The world economy has not yet emerged from a period of slow growth, a trend that threatens to derail an ambitious UN plan to end extreme poverty by 2030, a UN report said Tuesday.  The world economy expanded by just 2.2 per cent in 2016 - the slowest rate of growth since the…

Axiata and its subsidiary edotco yesterday announced the signing of the definitive agreements of its record equity private placement deal of US$ 600 million with Innovation Network Corporation of Japan (INCJ) and Khazanah Nasional Berhad (KNB) for primary and secondary edotco shares. As the largest…

Thirty more countries have applied for joining the China-sponsored Asia Infrastructure Investment Bank in which India is the second largest shareholder, the Foreign Ministry here said on Tuesday, reports PTI from Beijing. Apart from 57 founding members, 30 more countries have applied to join the Beijing-based…

AFP, VIENNA: OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel’s new monthly report showed yesterday. Total output by the Organization of the Petroleum Exporting Countries fell 221,000 barrels per day (bpd)…

Government has appointed Muhammad Nazrul Islam, a former Secretary, Local Government and Coopera-tive Division, Ministry of LGRD and Cooperatives, as…

Md  Mohashin Miah has joined in First Finance Limited  as the Managing Director and Chief Executive Officer on Monday, says a press release. …