The Asian Development Bank (ADB) has offered a new lending product for Bangladesh in the public-private partnership (PPP) sector to make related projects attractive to investors, sources said.Under the loan product, they said, the Manila-based lending agency will act as the guarantor of its interested PPP projects for covering risks...
Read moreThe government is amending the net metering guideline for attracting educational institutions and hospitals to generate solar electricity on the rooftops and sell the unconsumed electricity to the power distribution companies, sources said.They said a draft of the revised Net Metering Guideline - 2018 is now awaiting opinion from the...
Read moreThe government formally launched on Wednesday Online Licensing Module (OLM) for traders under the Office of Chief Controller of Imports and Exports (CCI&E).Commerce minister Tipu Munshi was present as the chief guest at the seven-day registration renewal fair-2019 at a city hotel.Senior secretary of commerce ministry Md Mofizul Islam chaired...
Read moreAdditional Secretary Md Sayedul Islam joined as new chairman of Bangladesh Agricultural Development Corporation (BADC) recently, BADC said in a press release on Tuesday quoting a public administration ministry circular.Earlier, he was additional secretary of the ministry of shipping, according to the press release.Hailing from Kushtia Sadar Upazila, Sayedul Islam...
Read moreDeputy Managing Director and Chief Business Officer of Prime Bank Limited Md Touhidul Alam Khan, FCMA, delivering speech on 'Sustainable Development Goals (SDGs): Implementation Status in Bangladesh' in an international conference on 'Sustainable Development' in Bangkok, Thailand recently
Read moreNEW YORK, July 17 (Reuters): Bank of America Corp beat estimates for quarterly profit on Wednesday, as the loan book of the country's second-largest lender benefited from a healthy economy.Consumer banking has held up for the big Wall Street banks that have reported second-quarter results this week, cushioning a blow...
Read moreFRANKFURT, July 17 (Reuters): Amazon has reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, acting to appease regulators as the European Union announced its own investigation of the e-commerce giant.Germany's Federal Cartel Office said on Wednesday it was dropping its seven-month investigation...
Read moreCHANTILLY (France), July 17 (AFP): France was defiant as a row over taxing tech giants threatened to overshadow a meeting of G7 finance ministers that gets under way near Paris on Wednesday.French Finance Minister Bruno Le Maire was set to meet directly with his US counterpart, Treasury Secretary Steven Mnuchin,...
Read morePARIS, July 17 (AFP): Rising anger at the increasing inequality blamed on globalisation calls for a change of directions, acting IMF chief David Lipton said Tuesday.But he said, that does not mean there is an "inherent flaw in capitalism," Lipton said in a speech celebrating the 75th anniversary of the...
Read moreNEW YORK, July 17 (AFP): JPMorgan Chase reported record quarterly profits on Tuesday behind strong consumer businesses on a day of mixed bank earnings that underscored the sector's vulnerability to lower Federal Reserve interest rates.Wells Fargo also notched higher profits, while Goldman Sachs reported a dip in earnings but still...
Read moreMUMBAI, July 17 (PTI): The rupee opened on a cautious note and fell 9.0 paise to 68.80 against the US dollar in early trade Wednesday amid rising crude oil prices and foreign fund outflows.At the Interbank Foreign Exchange, the rupee opened at 68.69 then fell to 68.80 against the US...
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