The World Bank (WB) will provide $185 million to Bangladesh to add up to 310 Megawatt (MW) in renewable energy generation capacity and mobilise private sector participation to meet the growing demand for electricity in the country, reports BSS.The Economic Relations Division (ERD) Secretary Monowar Ahmed and World Bank Acting...
Read moreState Minister for Information and Communications Technology Junaid Ahmed Palak has said the government will set up 12 hi-tech parks in the country within next four years with the help of India, reports BSS.After completion of the parks, around 30,000 youths will be trained as skilled IT manpower.He said this...
Read moreCHATTOGRAM, Aug 28: Chittagong Port Authority (CPA)'s advisory committee, which was made bigger in size recently, will hold its regular meeting after 21 months, although it is supposed to sit for a meeting after every three months.The committee, which sat for the last time to discuss different problems and various...
Read moreWorld Confederation of Business (WORLDCOB), a US-based international organisation, has handed over the BIZZ AWARD-2019 to Dhaka Mercantile Co-operative Bank Ltd. (DMCB).BIZZ AWARD is an international awards programme which offers recognition of business excellence in different countries across the globe, says a statement.The DMCB was selected to receive the prestigious...
Read moreThe Bangladesh Investment Development Authority (BIDA) will provide cost-free training and supports to 375 youth entrepreneurs in every district to enhance their skill in management and running business and commerce, reports BSS.BIDA at the Prime Minister's Office will provide training to entrepreneurs under its "Entrepreneurship and Skill Development Project (ESDP)'...
Read moreBERLIN, Aug 28 (AFP): Germany on Tuesday announced a smaller but nonetheless substantial budget surplus for the first half of 2019, amid increasing calls for Berlin to spend more to stave off recession.The positive figure of 45.3 billion euros ($50.3 billion) in public coffers is down from the same period...
Read moreBENGALURU, Aug 28 (Reuters): Alphabet Inc's Google is shifting its Pixel smartphone production to Vietnam from China starting this year as it builds a cheap supply chain in Southeast Asia, the Nikkei business daily reported on Wednesday.The move comes as labour costs are rising in China along with added pressure...
Read moreSINGAPORE, Aug 28 (AFP): Ride-hailing giant Grab said on Wednesday it will invest $500 million over five years in Vietnam, the company's latest expansion in a key Southeast Asian market.The Singapore-based firm has grown rapidly since it ended a bruising battle with Uber last year by buying its US rival's...
Read moreBanglalink opens flagship customer centre in GulshanBanglalink has launched a new flagship customer centre at Gulshan, in the capital. It was inaugurated by Pierre Boutros Obeid, Chief Technology Officer and Acting Chief Commercial Officer of Banglalink while Taimur Rahman, Chief Corporate and Regulatory Affairs Officer and Shahriar Ahmed Remon, Head...
Read moreFRANKFURT AM MAIN, Aug 28 (AFP): Growth in lending to eurozone businesses and households accelerated in July, the ECB said Wednesday, ahead of a key central bank meeting expected to unleash new economic support measures.Loans to non-financial companies and European households rose by 3.6 per cent in July compared with...
Read moreThe value of the pound has fallen following news that Prime Minister Boris Johnson is planning to suspend parliament on September 9, reports BBC.The move is expected to prevent opposition leaders from passing a law to stop a no-deal Brexit.The pound is down more than 0.70 per cent against the...
Read moreTOKYO, Aug 28 (AFP): Toyota said on Wednesday it will take a nearly five-per cent stake in small-car specialist Suzuki Motor, the latest tie-up in the rapidly changing global auto industry.The Japanese auto giant, maker of the Prius and Camry models, will pay some 96 billion yen ($907 million) for...
Read moreMUMBAI, Aug 28 (PTI): The rupee depreciated marginally by 9.0 paise to 71.57 against the US dollar in early trade on Wednesday amid unabated foreign fund outflows and cautious opening in domestic equities.Forex traders said concerns about US-China trade spat kept market participants edgy. Rupee and most Asian currencies like...
Read moreHONG KONG, Aug 28 (Reuters): HSBC said on Wednesday it will offer rebates and fee reductions for small and medium-sized companies in Hong Kong, as the city's economy struggles.Hong Kong is on the verge of its first recession in a decade, weighed down by the prolonged US-China trade war and...
Read moreStandard Bank Ltd. Chairman Kazi Akram Uddin Ahmed (centre) presiding over the bank's 317th board meeting at the head office in the capital on Wednesday. Vice Chairman Mohammed Shamsul Alam, directors, Managing Director and CEO Mamun-Ur-Rashid and senior executives were present in the meeting
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