To meet the USD 60 billion export target by 2021, urgent policy support is needed along with the strategy to boost export competitiveness, observed government…

Inflow of remittance through banking channel is falling as sending money home by migrant workers through informal channel like mobile banking is getting popular for quick delivery of money, according to a research report of BIBM. “Hundi syndicate members are using mobile financial services such…

Japanese Ambassador to Bangladesh Hiroyasu Izumi yesterday said the Japanese investors are keen to invest in Bangladesh considering the lucrative offer and ideal atmosphere for foreign investment, reports BSS. “The Japanese investors expressed more interest to invest in Bangladesh at recently…

A two-day Social Business Academia Conference (SBAC), organised as part of the Global Social Business Summit (GSBS) 2017, ended in Paris yesterday, reports UNB. This was the fifth edition of SBAC which was held at International University Campus Paris (Cite Internationale Universitaire de Paris), said…

Stocks ended the week yesterday upward with rising trend of major price indices at Dhaka and Chittagong Stock Exchanges on higher transactions, reports BSS. The daily average trade value at DSE was 18.6 per cent up at Tk 718.23 crore and the trade volume was 9.3 per cent up at 19.31 crore shares. The…

Banks are gradually expanding agent banking activities across the country as the number of accounts has already crossed 10 lakh, reports BSS. According to the Bangladesh Bank (BB) quarterly data (July to September), the number of accounts with the agents increased to 10,38,242 from 8,72,865 in the April-June…

AFP, FRANKFURT AM MAIN: German sports gear group Adidas yesterday reported a jump in third-quarter profits, lifted by strong demand for its own-brand trainers and apparel in China and North America. The Bavarian company, which sponsors English Premier League giants Manchester United, said net profit…

AFP, BRUSSELS: The EU yesterday slashed Britain’s growth forecast for this year and said the slowdown would continue through 2019 as uncertainties over Brexit weigh on the economy. Growth in Britain had “slowed markedly” in 2017 and was projected to fall to 1.5 per cent for the year,…

AFP, DUBAI: Leading Middle East airline Emirates said yesterday its half year net profit rebounded strongly from a slump last year due to cost saving measures and favourable exchange rates. The Dubai flag carrier said it posted a net profit of $452 million in the period from April to September, up 111…

AFP, LOS ANGELES: Uber on Wednesday unveiled a partnership with NASA that will see it develop flying taxis priced competitively with standard Uber journeys. It also announced Los Angeles will join two other previously revealed “UberAIR” pilot schemes in Dallas Fort-Worth, Texas, and Dubai.…

XINHUA, YANGON: Trade between Myanmar and members of the Association of Southeast Asian Nations (ASEAN) reached 5.7 billion US dollars in the first half of the current fiscal year 2017-2018, official Global New Light of Myanmar reported yesterday. During the period, Myanmar’s export shared with…