India’s Supreme Court (SC) on Wednesday allowed banks to handle cryptocurrency transactions from exchanges and traders, overturning a ban on such dealings by the central bank.
Read More »Bangladeshi start-ups homing in on billion-dollar valuation: ICT state minister
Bangladesh’s technology start-ups are catching the attention of venture capital (VC) firms, which have put in about $200 million in funding over the last four years, said ICT State Minister Zunaid Ahmed Palak yesterday
Read More »Coca-Cola to invest $200 million in Bangladesh
The Coca-Cola company has taken a plan to invest $200 million in Bangladesh over the next five years. Reinforcing the company’s commitment to Bangladesh, James Quincey, Chairman and CEO of The Coca-Cola Company on his maiden visit to
Read More »Walton has great prospects. But questions hang over its IPO prospectus.
Local electronics giant Walton is, arguably, going through a purple patch. For instance, earlier this week, it flagged off shipments of 26,000 air conditioners to India’s Hyundai and also inaugurated its sprawling lift manufacturing plant, both of which are firsts for Bangladesh.
Read More »Asian stocks rise as central banks pledge support
Share prices in Asia have reversed early losses after Japan’s central bank promised to support markets. It comes after official data showed that Chinese factory activity fell in February at the fastest rate on record.
Read More »MNP business slumps amid lackluster response
The country’s lone mobile number portability (MNP) operator, Infozillion, keeps witnessing slump in business buffeted by low turnout of service seekers.
Read More »Mexican exports grow 3.2pc in January
Mexico’s exports grew 3.2 per cent year on year in January, thanks in large part to the manufacturing and petroleum industries, the National Institute of Statistics and Geography (INEGI) has announced.
Read More »Virus-hit China’s February factory activity hits record low: data
BEIJING, Feb 29, 2020 – China’s manufacturing activity fell to its lowest level on record in February as the deadly coronavirus epidemic hammered the world’s second-largest economy, official data showed Saturday.
Read More »Global stocks plunge, set for worst week since financial crisis
Global stock markets plunged further on Friday, with equities on course for the largest weekly drop since the global financial crisis more than a decade ago on fears that the coronavirus could devastate the world economy, while oil prices tanked as well.
Read More »Coronavirus can’t tame Bangladesh’s growth momentum
Bangladesh’s export and import activities will both be affected by the coronavirus pandemic but the country would not face much difficulty in attaining its GDP growth target of 8.20 per cent for this fiscal year, according to an official document.
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