The government is going to introduce an alternative loan support model soon replacing the existing equity fund, in an attempt to bring entrepreneurs under a legal framework, officials said. The move comes as the government could neither properly monitor the Equity and Entrepreneurship Fund (EEF) activities nor make the fund...
Read moreThe 18th Annual General Meeting (AGM) of the Dutch-Bangla Chamber of Commerce & Industry (DBCCI) was held at Khazana Gardenia Banquet at Gulshan in the city on Tuesday, says a press statement.The meeting was presided over by DBCCI President Faruque Hassan.At the meeting, Faruque Hassan explained various activities taken by...
Read moreTraining has enhanced supervisory skills and productivity of women and reduced absenteeism in the readymade garment (RMG) industry, according to a study by the University of Oxford. The skills of trained workers have increased by 5.0 per cent while the number of female supervisors went up to nearly 12 per...
Read moreThe telecom regulator has moved to terminate the operations of the central zone Internet service provider (ISP) for providing bandwidth to illegal entities.Thus the ISP, Media and Multimedia, broke the licensing rules. The state-owned Bangladesh Telecom Regulatory Commission ordered the IIG (International Internet Gateway) operators not to provide upstream capacity...
Read moreThe aggregate of proposed investments registered by the Bangladesh Investment Development Authority (BIDA) rose by 17.08 per cent in nine months to March last.During the July-March period of the fiscal year (FY) 2017-2018, the BIDA registered proposals involving Tk 1,829.28 billion (1,82,928 crore) from both foreign and local investors.According to...
Read moreManaging Director and CEO of Modhumoti Bank Md Shafiul Azam witnessing the exchange of documents of a memorandum of understanding (MoU) signed between the bank and KCJ & Associates Limited at the head office of the bank on Tuesday
Read moreBoard of directors of Crown Cement, GPH Ispat and Molla Salt, with other top executives of the three companies, attending an Iftar party, jointly hosted by the three business establishments at International Convention City, Bashundhara in the capital recently
Read moreFamous cricketer and Brand Ambassador of Bata Bangladesh, Shakib Al Hasan, flanked by Managing Director of Bata Bangladesh, Chitpan Kanhasiri, speaking at the iftar party hosted by the company at a city hotel Tuesday
Read moreHuawei wins two int'l awardsHuawei, the leading global ICT solutions provider, has recently been awarded a couple of international awards. It has won the 'Supplier of the Decade' award by Vodafone in London, UK, and the 'Best MANO Solution (Vendor)' award at the Network Virtualization Europe in Madrid, Spain. The...
Read moreBEIJING, May 30 (Reuters): Trade frictions pose a risk for China's economy, an official from the International Monetary Fund (IMF) said on Wednesday, when asked about the impact of the ongoing tensions with the United States.Trade tensions should be reduced, Alfred Schipke, senior resident representative at IMF, told reporters at...
Read morePANAMA CITY, May 30 (AFP): China and Panama will begin negotiations on a free trade agreement in the first half of July, the Central American country's Commerce Minister Augusto Arosemena said Tuesday."The first round of negotiations will be in the month of July in Panama and then it will take...
Read moreBEIJING, May 30 (Xinhua): The central parity rate of the Chinese yuan weakened against the US dollar for a fifth trading day in a row Wednesday.The central parity rate weakened 186 basis points to 6.4207 against the US dollar Wednesday, according to the China Foreign Exchange Trade System (CFETS).The latest...
Read moreWASHINGTON, May 30 (AFP): US consumer confidence rose in May, reversing the prior month's modest decline as consumers' mood grew rosier, according to a survey released on Tuesday.The uptick in positive sentiment suggested the world's largest economy was improving in the second quarter of the year but expectations for the...
Read morePARIS, May 30 (AFP): The illegal drug trade contributes 2.7 billion euros ($3.1 billion) to the French economy each year, the statistics agency Insee said Wednesday.The marijuana trade alone is worth about one billion euros and the cocaine trade about 800,000 euros, Insee said, estimating that drug trafficking accounted for...
Read moreTOKYO, May 30 (Reuters): Tesla Inc's battery cell supplier Panasonic Corp said on Wednesday it is aiming to develop automotive batteries without using cobalt in the near future amid soaring prices of the key battery ingredient.Top battery makers are scrambling to reduce cobalt content in lithium-ion batteries as prices of...
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