Southeast Asian ride-hailing firm Grab said Monday it expects to raise $2.5 billion in financing, mostly from China’s Didi Chuxing and Japan’s Softbank, as it strengthens its lead over rival Uber. Didi, China’s ride-hailing leader, and mobile giant SoftBank will…
By Martin Khor Penang, Malaysia, Jul 22 (IPS) – The Asian financial crisis started 20 years ago and the global financial crisis and recession 9 years back. When a new global financial crisis strikes, the developing countries will be more…
Bank Asia Limited and United Nations Development Programme (UNDP) today signed a Memorandum of Understanding (MoU) on implementing digital financial inclusion to take banking services to the people’s doorstep. President and Managing Director of Bank Asia Md. Arfan Ali and…
Many women both rural and urban are getting privileges of becoming self-employed through various microcredit programmes in the district. Moreover 3,500 women were brought under the programmes and they were given loans worth Taka 2.46 crore along with requisite training…
UN, Jul 21 – Planning Minister AHM Mustafa Kamal has said the developed nations must support the climate vulnerable nations like Bangladesh, particularly in the forms of financing, innovative solutions and technology transfer, to combat the perils of climate change.
Stocks finished the week down on Thursday with falling trends of all major price indices at Dhaka and Chittagong Stock Exchanges as the daily transactions declined amid volatility in large-cap securities. The broader DSEX of the DSE finished the week…
A major international event aimed at transforming how environmental and conservation issues are tackled in Bangladesh will be held in the UK Thursday, July 20.
Stocks performed mixed on Wednesday with major indices finishing downward trend as most of the major sectors closed lower despite increasing the daily transactions. The day’s trade value at DSE increased to Taka 1069.59 crore from Tuesday’s Taka 962.23 crore…
By António Guterres UN, Jul 17 (IPS) – Twenty years ago, when I was starting my functions as Prime Minister of Portugal, the world was surfing a wave of optimism. The Cold War had ended, technological prosperity was in full…
The U.S. dollar changed hands in the upper 112 yen zone in early deals in Tokyo on Tuesday, largely in line with levels seen overnight in New York. As markets opened here, the dollar was quoted at 112.60-61 yen compared…
Geneva (D. Ravi Kanth) – The leaders of the Group of 20 developed and developing countries on Saturday (8 July) delivered a blueprint for “Building Resilience” in the world, but without addressing the grave “imbalances” between capital surplus and deficit…
Stocks opened the week on Sunday upward with rising trend of all indices at Dhaka and Chittagong stock exchanges on higher transactions. The day’s trade value at DSE increased to Taka 1263.47 crore from Thursday’s Taka 1009.33 crore and the…
by Shaukat Aziz Oxford – In recent years, the world has become increasingly preoccupied with the catastrophic potential of global warming and other human-induced environmental changes, and rightly so. But one of the most serious risks has been all but…
Bangladesh and Sri Lanka have agreed to work for shared prosperity through mutually beneficial win-win partnership and underlined the need for a peaceful, stable, inclusive and sustainable South Asian region. Prime Minister Sheikh Hasina and Sri Lankan President Maithripala Sirisena…
China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared…
By Roshni Majumdar UN, Jul 13 (IPS) – More than two billion people lack access to clean and safe drinking water, according to a new report released by the World Health Organisation (WHO).
By Jens Martens Bonn, Jul 13 (IPS) – At the High-Level Political Forum which currently takes place at the United Nations in New York several events, for instance, SDG Business Forum, are devoted to the critical role of business and…
By Jomo Kwame Sundaram Kuala Lumpur, Jul 13 (IPS) – When we fail to act on lessons from a crisis, we risk exposing ourselves to another one. The 1997-1998 East Asian crises provided major lessons for international financial reform. Two…
By Kenton X. Chance Brussels, Belgium, Jul 14 (IPS) – With Antigua and Barbuda joining St. Kitts and Nevis as the two eastern Caribbean nations to attain middle-income country status, a senior diplomat has identified climate change as a major…
1. Introduction In 2015, Nepal joined other members of the United Nations in adopting the global sustainable development (SDGs) goals that follow the Millennium Development Goals (MDGs) as the international development targets. This report gives the preliminary findings of a…
Bangladesh and Sri Lanka have agreed to work together over a dozen of areas to boost digital economy and establish a knowledge-based society.A Memorandum of Understanding (MoU) to this end was signed between Bangladesh and Sri Lanka on Friday at…
Dhaka, July 13 – Prime Minister Sheikh Hasina on Thursday said the suspension of the uniform 15 percent VAT will bring down the revenue collection by Tk 20,000 crore in the current fiscal year. “The postponement of the VAT law…
Both the bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed positive trend on Thursday, the last trading session of the week. The benchmark index of the DSE advanced 4.08 points, while the Selective Category Index…
The main work on the much- awaited Rooppur Nuclear Power Plant (RNPP) would start in September this year, Science and Technology Minister Architect Yeafesh Osman today said. “Our honourable Prime Minister Sheikh Hasina will lay the foundation stone of the…
Some rare artworks, star rubies and antiques, including a 2,000-year-old bronze vase, will be auctioned here on Aug. 19, a Vietnamese auction house told Xinhua on Thursday. The intact bronze vase is 53.3 cm in height and decorated with embossed…
New Delhi, 13 July (Indrajit Bose) — The Board of the Green Climate Fund (GCF) discussed matters related to funding activities in the forestry sector aimed at reducing emissions from deforestation and forest degradation (REDD-plus) in developing countries during its…
Dhaka, July 12 – BNP on Wednesday slammed Finance Minister AMA Muhith for his comment about the media report on stashing of huge money by Bangladeshis in Swiss banks, saying he is trying to protect the ‘ruling party men’ who…
After showing upward trends in the previous three sessions, stock markets returned to red zone on Wednesday as issues across both Dhaka and Chittagong stock exchanges suffered correction. The markets were upbeat in the last three days, taking the broader…
Dhaka, Jul 11 – Finance Minister AMA Muhith on Tuesday dismissed the recent media reports on the capital outflow from Bangladesh and a sharp rise in Bangladeshis’ deposits in Swiss banks.
Dhaka – Heavy overnight rains crippled the life in Dhaka as most of the roads, lanes and bylanes of different parts of the capital went under ankle to knee-deep water, causing immense hardship to the commuters and city dwellers. The…