Like last year, goods and products under 27 categories will get cash incentive or subsidy against their exports during the current 2017-18 financial year…

Denmark wants to provide help for a "greener Bangladesh" in close cooperation with the country's public and private sectors, and encourage investment in its green growth, reports UNB. "Denmark is proud to be able to share its solutions and inspire companies and citizens in Bangladesh…

The Asian Development Bank (ADB) and the Green Climate Fund (GCF) yesterday signed an Accreditation Master Agreement (AMA) that will allow ADB to access and administer GCF funds and scale up the bank’s climate financing to its developing member countries, reports BSS. The agreed AMA-a framework…

Bangladesh Bank (BB) has reduced the interest rate of green transformation fund for export oriented textile and textile products and leather manufacturing industries to encourage the use of the fund, reports BSS. “In order to encourage Authorised Dealers (ADs) to use the fund, it has now been…

AFP, SHANGHAI: Chinese e-commerce giant Alibaba said yesterday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a global…

AFP, HONG KONG: The dollar slumped yesterday in the wake of dovish Federal Reserve minutes highlighting concern over inflation and crumbling corporate…

AFP, MANILA: Ride-sharing app Uber faces a month-long suspension in the Philippines, in its latest run-in with authorities around the world. Uber, the…

AFP, BARCELONA: “Never again a summer like this”: Exasperated with the hordes of visitors they blame for making their city unliveable, Barcelona…

AFP, WASHINGTON: US central bankers remain divided over inflation risks, and some argue they can afford to "be patient" before raising rates again, according to the minutes of the last policy meeting released on Wednesday. The Federal Reserve had been expected to raise the benchmark lending…

Stocks finished the week yesterday downward trend when the daily transactions declined amid volatility in large-cap securities, reports BSS. The boarder…

AFP, SHANGHAI: "Beijing Afraid of Wife Technology" and "What You Looking at Technology" are among the kind of company names that will become a thing of the past under new Chinese government rules. After launching a campaign to eliminate public signs with poor English translations…

Country's leading mobile phone operator Grameen-phone has appointed Karl Erik Broten as the chief financial officer (CFO), reports BSS. The appointment of Karl Erik Broten will be effective from September 1, said a press release of the operator yesterday. He is replacing Dilip Pal, who will be joining…

Canon has brought third deneration digital imaging solutions (A3 Copiers/MFPs) in Bangladesh. Flora Limited, an authorised business partner of Canon, yesterday announced the launch of new range A3 Color Multifunctional Devices (MFDs), a press statement said. The new imageRUNNER ADVANCE C3530i, 3525i,…

AFP, TOKYO: Japan recorded a double-digit drop in its trade surplus in July as costs of energy imports rose on a weaker yen, government data showed yesterday. The world’s third-largest economy logged a surplus of 418.8 billion yen ($3.8 billion), down 17 per cent from a year earlier, according…

AFP, RIYADH: Saudi Arabia’s national electricity company on Wednesday announced it had secured $1.75 billion in international loans, its largest to date, to finance future plans. The five-year loan is financed by eight international banks, according to a statement published by the Saudi Electricity…