Taiwan police have arrested four men over a bitcoin robbery worth Twd$5 million ($170,000) in what they said was the first case of its kind on the island.
Category: Business
Etihad to replace Alitalia flights to Rome
Abu Dhabi’s Etihad Airways has announced plans for a second daily flight to the Italian capital Rome as Alitalia prepares to discontinue its service. The airline said additional flights would be introduced in phases beginning on March 25 to reach…
Dubai real estate slump to continue for two more years: S&P
The downturn impacting the Dubai property market is expected to continue for at least another two years, according to ratings agency S&P. In a report, the company said prices and rents had declined the 5-10 per cent it expected last…
Road crashes kill 5 in Rangpur, Sherpur
Dhaka, Feb 22 – Five people, including a woman and three teenage boys, were killed in two road accidents in Rangpur and Sherpur districts on Wednesday.
Developing nations, LDCs demand TRIPS flexibilities in place
Geneva, 19 Feb (D. Ravi Kanth) – Several developing countries and the least-developed countries (LDCs) have upped the ante on their core demands for implementing the flexibilities and commitments in the World Trade Organization’s Trade-Related Aspects of Intellectual Property Rights…
Asian shares gain on rosy Japan data, bucking Wall St losses
Tokyo, Feb 21 (AP/UNB) — Shares were higher in Asia on Wednesday, supported by rosy manufacturing data from Japan. The gains came despite losses on Wall Street, where a six-day winning streak was snapped by a plunge in Walmart stock…
IBBL discussion and doa program to mark Shaheed Day
Dhaka, Feb 20 – The Islami Bank Bangladesh Limited organized a discussion and doa program on the occasion of Shaheed Day and International Mother Language Day on 20 February, 2018 Tuesday at Islami Bank Tower.
Ten points about pay transparency in Europe’s companies
Measures to promote gender pay transparency haven’t been delivered yet in half of Europe – making EU level legislative action to speed up implementation an option. Here’s what we know about the measures from countries that have been early adopters.
Debt restructuring turns more difficult and costly
The South Centre has announced the publication of Investment Policy Brief No. 10 entitled “How international investment agreements have made debt restructuring even more difficult and costly” by Yuefen LI, Special Advisor on Economics and Development Finance of the South…
Export-oriented agriculture can impact on right to food
Geneva (Kanaga Raja) – The Government of Zambia’s policy of turning export-oriented large-scale commercial agriculture into the driving engine of the national economy, in a situation where land protection is weak, runs the risk of pushing peasants off their land,…
Chinese bourses to become Dhaka Stock’s strategic partners
The Dhaka Stock Exchange Limited has given the final go-ahead to a consortium of two Chinese bourses to become strategic partners with 25 percent stakes in the company.
Scrap new foreign worker levy, asks Jeddah chamber
Jeddah Chamber of Commerce and Industry (JCCI) has reportedly asked Saudi Arabia’s labour ministry to cancel a recently introduced levy on companies that employ foreign workers. From January 1 companies are being charged a SAR300 or SAR400 ($80-107) monthly fee…
Riyadh introduces new speed limits
Saudi Arabia introduced new speed limits on some major expressways on Monday under the instructions of the road safety authority. The new limits are 140kph for cars, 100kph for buses and 80kph for trucks, the director of public relations and…
King Salman endorses after cabinet okays bankruptcy law
Saudi Arabia’s cabinet has approved a bankruptcy law, sources familiar with the matter said, giving a boost to efforts to make the kingdom more enticing to investors. Modern bankruptcy legislation does not currently exist in Saudi Arabia, creating difficulties for…
Jute Mills Corpn incurs loss despite efforts to rejuvenate it
Dhaka, Feb 18 – Despite the taking of several steps to expedite the activities including economic performance of the state-owned Bangladesh Jute Mills Corporation (BJMC), the organization has incurred about to Tk 500 crore as loss last year.
IBBL opens Agent Banking outlet at Mirsharai
Islami Bank Bangladesh Limited inaugurated its Agent Banking outlet at Zorarganj Bazar of Mirsharai Upazila of Chittagong on 17 February.
Investment with Islami banks increases 19 percent
The investments with the Islamic banking accounts have increased by 19.03 percent at end of the October-December quarter of 2017 compared to the corresponding period of the preceding year, 2016.
PM returns home from Italy
Dhaka, Feb 17 – Prime Minister Sheikh Hasina returned home on Saturday evening from Italy after making a stopover in the UAE capital of Abu Dhabi.
The #Me Too drive should end Hollywood’s narrow concept of sex
Since the shocks of last October, the entertainment industry has taken a number of helpful steps to try to stop sexual harassment. Harvey Weinstein is no longer in a position to use his power to allegedly coerce actresses sexually. Time’s…
100 shops gutted in Chittagong fire
At least 100 shops, including 15 furniture showrooms, were gutted as a fire broke out in a market in City Gate area beside Dhaka-Chittagong highway on Friday morning.
Call to scrap levy on foreign workers
Saudi Arabia’s Shoura Council is set to meet with senior government officials amid concerns a new fee on foreign employees could kill off up to 40 per cent of the kingdom’s small and medium enterprises. Local reports suggest that the…
Thai chef Nuttaput brings culinary experience to Amari Dhaka
Dhaka, February – If your Thai food cravings are acting up lately then Amari Dhaka is the place to visit. Last week Chef Nuttaput Phiwluang, an experienced Thai culinary pundit joined Amari Dhaka to enhance the already expansive Thai section.…
PM Hasina to return on Saturday
Prime Minister Sheikh Hasina, who reached Abu Dhabi this morning from Rome concluding her four-day official visit to Italy and Vatican City, is set to return home on Saturday after making a stopover in the United Arab Emirates (UAE) capital.
Structural neglect of human rights impacts financial crisis
Geneva (Kanaga Raja) – The policy responses to the recent financial crisis have revealed a deep-seated structural neglect of human rights in economic policy formulation, insufficient protection of the most vulnerable and a lack of attention to participation, consultation, transparency…
Emirates faces calls from crew to improve conditions, benefits
Emirates faces calls from its cabin crew to improve conditions and benefits as airline workers show increasing confidence in demanding more from the booming global industry. In the latest sign of cost pressures that could temper a rebound in airline…
Biggest carmakers on the planet?
The biggest carmakers on the planet are posting their sales numbers for 2017 – so who is officially ranked number one? Is it Germany’s Volkswagen Group – which knocked Toyota off the top spot in the 2016 figures? Or one…
SC clears way for 2,201 recruitments in Sonali banks
Dhaka, Feb 13 – The Appellate Division of the Supreme Court on Tuesday cleared the way for holding recruitment process of 22,01 posts in different officers of the state-owned Sonali Bank in accordance with its previous circular issued in 2016.
Stock market turmoil may expose flaws in global finance
By Martin Khor Penang, Malaysia, Feb 12 (IPS) – Was last week’s global stock market sell-off only a “correction” or does it signify a new period of financial instability, caused by major flaws in the world financial system? The stock…
DCCI seeks measures to make doing business easier
Dhaka, Feb 11 – The Dhaka Chamber of Commerce and Industry (DCCI) President Abul Kasem Khan on Sunday sought steps to improve environment for doing business in the country.
Mahbub ul Alam Joins as New MD of Islami Bank
Dhaka, Feb 11 – Md. Mahbub ul Alam has joined as the Managing Director and CEO of Islami Bank Bangladesh Limited. Following the decision of the Board of Directors of the Bank, Bangladesh Bank formally approved the appointment.