Archive / Economy - 2018
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Chinese textiles entering India via Bangladesh: GCCIQuoting figures from the Export Promotion Bureau of Bangladesh, the Gujarat Chamber of Commerce and Industry (GCCI) recently pointed out that Bangladesh is facilitating backdoor...Bangladesh behind neighbours: BIBMBangladesh is still lagging behind in terms of financial inclusion as only 1.6 percent of its wage earners receive their pay through banking channels, a...Everything to expect at Apple’s September 12th ‘Gather round’ eventWe’re less than a week away from Apple’s ‘Gather around’ event at Steve Jobs Theater. The event is slated to take place on September 12th...Chinese billionaire Jack Ma steps down at Alibaba, announces successorBEIJING — Chinese e-commerce giant Alibaba announced Monday that chief executive Daniel Zhang will replace Jack Ma as chairman of the board next September, outlining...Reframing sustainable development in BangladeshBangladesh, the tropical nation of rivers, has only recently caught the attention of the international community for its sustainable development programmes and entrepreneurship. Since 1974,...Amazon, Walmart to enter Bangladesh in two yearsAmerican e-commerce giant Amazon and retail heavyweight Walmart will start operations in Bangladesh within a couple of years as the global companies are increasingly making...2020 Kia Telluride eight-seat SUV previewed with Texas-themed runway one-offThe Kia Telluride SUV concept was first revealed at the 2016 North American International Auto Show, and now Kia is previewing the 2020 production model...Effective communication key to brand sustainabilityEffective communication of a company can build up a sustainable brand and create a bridge between manufacturers and consumers, experts said yesterday.They said relationship between...Bangladesh can become an 'extended destination' for global touristsBangladesh can attract global tourists -- mainly from China -- visiting India and Myanmar by offering its attractive locations as an extended destination, say industry...Google’s Touring Bird is a travel tool to help vacationers find free activities in new citiesGoogle’s incubator Area 120 is at it again with a new tool to help you find vacation activities. The tool, called Touring Bird, is a...Jack Ma Talks About His Plans After Retiring From AlibabaJack Ma is making plans for a future after Alibaba Group Holding Ltd., the business he co-founded and turned into Asia’s most valuable company.Ma will...Two suspected Islamist group members shot dead in BangladeshBangladeshi police on Friday shot dead two suspected members of an Islamist group blamed for several attacks in the Muslim-majority country, including the murder of...No big infiltration from Bangladesh into India: BGB DGThere is no large-scale infiltration or migration of people from Bangladesh into India as residents of that country now "enjoy a very good life" and...Nigerian investors invited to invest in BangladeshBangladesh has urged Nigerian investors to invest in Bangladesh availing of the numerous incentives to invest in the country. High Commissioner of Bangladesh to Nigeria...'Bangladesh can produce, export solar panels'Visiting international economist Prof Jomo Kwame Sundaram on Saturday suggested that Bangladesh needs to address its malnutrition problem and ensure access to electricity through producing...Bangladesh ready for massive foreign investmentUnder the leadership of Prime Minister Sheikh Hasina, the inflow of foreign direct investment (FDI) to the country has almost tripled during ruling Awami League’s...'No helmet, no fuel' for Bangladesh bikersMotorcyclists without helmets will be barred from buying fuel at filling stations in the Bangladesh capital Dhaka, police said.The move is part of efforts to...Bangladesh on way to be a gadget-making hubThe availability of workforce at a competitive wage, growing domestic market demand and a favourable policy are some of the key factors that make Bangladesh...'GDP growth to reach 8.25% in FY19'Planning Minister AHM Mustafa Kamal yesterday expressed his hope that the GDP growth rate in the current fiscal year would reach 8.25 percent surpassing the...Senate Blasts Google Over Missing Election Security HearingMembers of the U.S. Senate Intelligence Committee harshly criticized Google during their opening remarks at today’s election security hearing while thanking top officials from Facebook...Amazon touches $1 trillion, on pace to overtake AppleAmazon.com Inc (AMZN.O) on Tuesday briefly joined Apple Inc (AAPL.O) to become the second $1 trillion publicly listed U.S. company after its stock price more...Chile eyes fruit export to BangladeshIn order to visualize the opportunities that Bangladesh offers for import of Chilean fresh fruits, a national delegation from that country traveled to Bangladesh. The...DG level Border coordination conference between India, Bangladesh held in DelhiThe Director Generals of the border guarding forces of India and Bangladesh met in New Delhi on Monday at the Border Coordination Conference.This is the...AIIB keen to invest in water management, communication projectsThe Asian Infrastructure Investment Bank (AIIB) is interested to invest in the country’s water management and communication projects aimed at turning Bangladesh as a developed...Bangladesh approves draft law banning child labourThe Bangladeshi government on Monday approved the draft of a law banning child labour in the country with provisions for stringent punishment to offenders.The draft...GLOBAL MARKETS-Asian shares rise on China turnaround, trade fears persist* MSCI Asia ex-Japan rises 0.2 pct* Real estate, banking stocks lead China turnaround* Markets await possible new U.S. tariffs on China this week* European...AIIB to invest $274m in energy sector of BangladeshThe Asian Infrastructure Investment Bank (AIIB) is going to invest up to $274 million in a project to reaching energy targets of the country. This...Bangladesh Bank moves to stop collateral fraudBanks are not unfamiliar to unscrupulous borrowers who tend to secure loans by offering same piece of land property as collateral from multiple lenders.A tricky...Coke to buy U.K. coffee chain Costa for $5.1 blnCoca-Cola Co. on Friday said it would buy British coffee-shop chain Costa for $5.1 billion, the latest bet by a major consumer goods company on...Edible oil export risesEdible manufacturers said the prospect of edible oil exports from the country is bright provided a smooth supply chain of rice bran is developed, and...How this Startup Convinced Banks to Give Unsecured Loans to SMEsThe pages in the book of the India Small and Medium Entrepreneurs are turning fast as they write new chapters of change. With demonetization and...Cruise the Great Lakes Initiative LaunchedMichigan Governor Rick Snyder helped launch “Cruise the Great Lakes" on Thursday, a new international partnership to bring more cruise passengers to the Great Lakes.“Cruise...Canada: Expect Strong Growth As Tariff Bruises Are Yet To ShowSummaryA widening trading relationship between the US and Canada would make a trilateral NAFTA appear off the cards.Implications for growth and the Bank of Canada.By...NAFTA trade deal optimism lifts Toronto stocks outlook: Reuters PollGains in Canada’s stock market will pick up over coming months after a modest advance so far this year, a Reuters poll showed, as a...'Tough time for banks'Bangladesh Bank (BB) expressed its concern that profits and capital resources of country's banks and financial institutions may shrink in the next two years. The...Bangladesh postponed manpower export to LebanonBangladesh Ambas-sador to Lebanon Abdul Motaleb Sarker told that they have not "stopped" exporting manpower to Lebanon but rather "postponed" it, reports Arab News. Bangladesh...Asian shares rise after record highs on Wall StreetHANGHAI (Reuters) - Asian shares rose early on Monday, taking support from Wall Street's gains on Friday after U.S. Federal Reserve Chairman Jerome Powell said...Caspian seaport Aktau trying to benefit from BRIWith the outlines of its six idle cranes obscured by thick fog and pouring rain, Kazakhstan's Caspian seaport Aktau seems an unlikely stop on China's...Mexico, US NAFTA talks to resumeUS and Mexican trade negotiators are close to squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) and will resume talks on...Summit's investment in Singapore jolts business arenaForbes magazine has recently unveiled a list of the richest magnates in Singapore. Summit Group's Chairman Aziz Khan has been named on this list exposed...Netflix is testing video promos that play in between episodesNetflix’s latest test feature is a video promo that plays in between episodes of a series you’re watching. The test is only appearing for select...White House counsel reported to be cooperating extensively with Mueller probePresident Donald Trump on Saturday claimed that his administration has been "transparent" in special counsel Robert Mueller’s probe into Russian interference in the election and...Trump backed 'space force' after months of lobbying by officials with ties to aerospace industryWhen President Trump spoke to Marines at Air Station Miramar in San Diego on March 13, he threw out an idea that he suggested had...Panasonic Will Survive Its Tesla CodependencyIf you’ve been tied to the hype around Tesla Inc., it can feel difficult to untether. But Panasonic Corp., one of the carmaker’s longest-standing associates...Turkish Lira rebounds to help global shares regain footingWorld share markets regained their footing on Aug. 14 as the threat from the collapse of the Turkish lira ebbed and reassuring German data offset...BEPZA export sees record growth in last fiscalExport of eight export processing zones of Bangladesh Export Processing Zones Authority (BEPZA) have seen all-time record high export of 19.66 per cent growth in...BEPZA export up by 19.66pc, hits record highBangladesh Export Processing Zones Authority (BEPZA)’s eight EPZ zones have achieved a record high growth rate in export by 19.66pc during the current fiscal year...Splitting Tesla, Transitioning Shares, Updating The Board — #TeslaPrivate PossibilitiesToday’s blog post from Tesla CEO & Chairman Elon Musk confirmed my WAG about the cost of going private. It is somewhere between $0 and...Genting Announces Partnership with Okinawa Agricultural Cooperative AssociationGenting Cruise Lines has become the exclusive cruise partner of Okinawa Agricultural Cooperatives Association (JA Okinawa) and Leospo Incorporated (Leospo Inc.) with the three parties...Euro, emerging market currencies fall on Turkey's economic woesTurkey's lira clawed back some losses on Monday from a record low 7.24 lira per dollar TRYTOM=D3 after the country's central bank said it would...Vimeo just decided to remove content from InfoWars conspiracy theorist Alex JonesVimeo has removed Alex Jones' InfoWars from its platform for violating the company's Terms of Service standards, a Vimeo spokesperson told Business Insider on Sunday.The...FBI seeks motive after U.S. airline worker steals plane, crashes itA Horizon Air ground service agent got into a Bombardier Q400 turboprop aircraft on Friday night in a maintenance area at Seattle-Tacoma International Airport and...Bangladesh Bank quests for transparent officialsBangladesh Bank is highly worried about the lack of transparency among officials holding important posts in the commercial banks. According to the perceptions of Bangladesh Bank...Plane crashes after 'unauthorized take-off' from SeaTac airport, officials sayA Horizon Air passenger plane crashed on an island in Puget Sound Friday night, not long after a suspect conducted an "unauthorized take-off" from Seattle-Tacoma...Asian shares down on trade anxiety; lira, rouble hit by economic worriesAsian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia's rouble after the...How Elon Musk's Twitter Blocking Could Land Him In SEC TroubleElon Musk’s tweet Tuesday announcing that he was “considering taking Tesla private” may have been illegal—but not for the reasons many people think.Using Twitter to...Samsung unveils its latest smartwatch — the Galaxy WatchSamsung is back with a new smartwatch and fresh branding. The company announced its Galaxy Watch at its annual Galaxy Note phone event today. It...I TRIED MAGIC LEAP AND SAW A FLAWED GLIMPSE OF MIXED REALITY’S AMAZING POTENTIALhen you write about augmented reality headsets, you’re supposed to start by describing something impossible — like a pastel dinosaur stomping its feet in a...Elon Musk Makes $82 Billion Gambit to Silence Tesla CriticsThe wild tweet hit Wall Street at precisely 12:48 p.m. Tuesday -- and things just keep getting wilder.Seemingly out of the blue, Elon Musk proclaimed...PM wants more Danish investmentExpressing deep satisfaction over the existing relation between Bangladesh and Denmark in different areas Prime Minister Sheikh Hasina today sought more Danish investment.The prime minister...McDonald’s Launches MacCoin, ‘Currency’ For Free Big Mac On Burger’s 50th Anniversaryven though the Big Mac hamburger was first introduced to the public in 1967, it was sold in McDonald’s restaurants around the country only in...Les Moonves Stays as CBS C.E.O. While Its Board Plans an InvestigationLeslie Moonves, the embattled chief executive of CBS Corporation, survived the meeting.On Monday, three days after the publication of an article detailing allegations of sexual...McDonald's unveils MacCoin to celebrate Big Mac's 50th anniversaryIt's not exactly pennies from heaven, but McDonald’s is planning to make it rain coins to celebrate the Big Mac’s 50th anniversary.Starting at the lunch...Trump is pressuring the Fed to keep interest rates lowThe Federal Reserve was raising interest rates and the president wasn’t happy about it.No, it wasn’t President Donald Trump, who took the unusual step of...G20 agri ministers pledge WTO reformAgriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did...UK MPs for taxing social media to stop ‘fake news’ tideBritain should levy social media firms to fund efforts at stemming a “fake news” crisis threatening the fabric of democracy, a leaked report by lawmakers...Bangladesh has capacity to export food: QamrulFood Minister Advocate Qamrul Islam yesterday said Bangladesh has no shortage of food now as it has already achieved the capacity of exporting foods."Bangladesh is...Adopt efficient management practices in apparel: PwCThe apparel industry in Bangladesh needs to adopt efficient management practices to improve productivity and efficiency to increase its global competitiveness, experts said at a...Imported Car Sales Look UnstoppableThe Korean market for imported cars keeps growing as vigorous marketing and discount campaigns coincide with Koreans' penchant for ostentatious vehicles.The market share of imported...Samsung Claws Back Lead in Indian Smartphone MarketSamsung has regained the No. 1 spot in the burgeoning Indian smartphone market, just six months after ceding it to Chinese rival Xiaomi.According to market...American and Chinese airlines stepping up cooperationThe aviation market between China and the United States has grown rapidly and the cooperation between the two countries’ airline companies is stepping up despite...Digital ad market could double to $433b by 2022People with hay fever hate dust. That was the premise of a marketing drive launched by British vacuum cleaner maker Dyson with US retailer Target...How to sustain govt banksIn the middle of mounting irregularities and corruption, the government is seriously thinking about materializing certain initiatives to ensure good governance and accountability in the...Nine banks lagging behind in global tradeNine commercial banks which started their functionalities in 2012 are not being able to enter affiliations with the prominent banks of foreign countries. These nine...Why Twitter won’t ban Trump even after threatening IranUS president Donald Trump is unlikely to get the boot from Twitter even after threatening Iran with dire consequences as the microblogging site sees the...Samsung launches Galaxy J8Samsung has launched a brand new smartphone styled Galaxy J8, the latest addition to its most popular range of J series smartphones in Bangladesh.The world’s...ACC finds no trace of 144,000 tonne coal at BarapukuriaThe Anti-Corruption Commission has found abnormalities in the coal extracted from the mine in Dinajpur’s Barapukuria in its initial investigations. Its five investigators found no trace...UK eyes Bangladesh infrastructure sector for huge investmentThe United Kingdom wants to invest in a big way in Bangladesh to help achieve its middle-income country status saying the next generation of British...BGMEA looks for $1b export to IndiaBangladesh spots India as one of the leading export destinations in future. At present, the export volume of Bangladesh's readymade garments is $ 279 million,...Germany’s Veridos wins €340 million Bangladesh e-passport contractWorld-leading identity solutions provider Veridos, a German joint venture, has sealed an €340 million contract to introduce e-passports in Bangladesh.The long-term contract covers the entire...Xiaomi, bound for IPO, woos fans and investors at glitzy launchChinese smartphone maker Xiaomi, lining up for a $10 billion IPO, held a rock concert-style launch on Thursday to unveil its latest flagship smartphone and...Bangladesh RMG industry braces for worker protests for minimum wageThe garment factory workers’ organisations backed by the leftist parties have rejected their representative’ and owners’ offers and announced protest programmes demanding Tk 16,000 minimum...Pulses import plunge in India to ripple across Canadian, Australian farmsPulses imports to India, the world's biggest buyer, may fall to their lowest in nearly two decades after the government raised import taxes and restricted...Prices of purity-measured gold cut again after a monthThe jewellers have revised down prices of purity-measured gold by Tk 1,166 per Bhori or 11.664 gram a month after reducing the cost by the...Oldest bread discovered in JordanCharred remains of a flatbread baked about 14,500 years ago in a stone fireplace at a site in north-eastern Jordan have given researchers a delectable...EPZs start tree plantation in memory of martyrsBangladesh Export Processing Zones Authority (BEPZA) has initiated greenery activities in the EPZs through tree plantation as previous years to create eco-friendly and green industrial...US House quizes Powell on trade risksFederal Reserve Chairman Jerome Powell, questioned by members of a House congressional committee, repeated on Wednesday that rising world protectionism would over time pose a...Xi's campaign to bring back rural Chinese looks challengingLiu Deke, 73, puffed away on a roll-up as he threshed stalks of dried rapeseed on a large canvas sheet. Nearby, plumes of billowy smoke...Intex Indie 5 with 4000mAh battery, 5-inch display launched for Rs 4,999Intex recently launched infie 3 and Infie 33 under sub Rs 5,000 price bracket with 18:9 display. The company has now launched a new budget...China still confident of hitting 2018 growth targetChina is still confident of hitting its economic growth target of around 6.5 per cent this year despite views that it faces a bumpy second...Minimum wage proposed for RMG workers rejectedReadymade garment (RMG) workers have rejected the proposed new minimum wage of Tk 6,360 recommended by the garment owners' association.They on Tuesday also rejected a...Roadshows to draw foreign funds in hi-tech parksBangladesh Hi-Tech Park Authority is set to organise roadshows in different cities around the world from September to attract foreign investors, including non-resident Bangladeshis.The decision...Too many offers baffle mobile usersThe telecom regulator has stepped in to protect customers by way of stopping mobile phone operators from confusing subscribers with hundreds of voice and data...The battle for Sky: Five reasons why it mattersPowerful media firms with deep pockets are lining up to try to buy Sky.The Rupert Murdoch-controlled 21st Century Fox is in a bidding war with...Farnborough Airshow: Brexit and bulging order books dominateThe show is big event of the year for the aerospace industry. It's where the latest multi-billion-dollar fighters and sleek airliners soar through the skies.However,...China's trade surplus with US hits record amid trade warChina's trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that...Tiens Group plans to increase investment in BangladeshThe Tiens Group entered the Bangladesh market in 2004. After 14 years of rapid development, Tiens has established three branches in the country and more...Mosharraf for boosting economic progress of BangladeshLGRD and Cooperatives Minister Khandker Mosharraf Hossain has urged officials concerned in foreign missions of Bangladesh to work sincerely with devotion to supplement the efforts...CEO of insurance company accused of funeral plan rip off admits he has no qualificationsTHE chief executive of an insurer accused of ripping off and misleading Aboriginal families by signing them up to expensive funeral plans has no background...EU to boost ties with China, Japan amid Trump trade showThe European Union's top officials will meet the leaders of China and Japan next week to boost ties in the face of fears that US...Germany turning into Bangladesh's leading export destinationGermany has become a leading destination for exporting Bangladeshi goods, thank to the quality products and competitive price range, sources in the Export Promotion Bureau...ICB's investment capacity raisedThe central bank will not consider the Investment Corporation of Bangladesh (ICB) as a single party borrower of banks in a bid to increase the...Singapore keen to invest in financial sectorA high-powered business delegation from Singapore yesterday showed keen interest to invest in the banking and financial sector as it offers immense growth potential.“There is...'Greedy people are controlling banks'Bangladesh's banking sector has gone into the clutches of some greedy people. Kazi Akram Uddin Ahmed, former President of Federation of Bangladesh Chamber of Commerce...A zero tariff auto deal could be true test of China’s trade mettleJust days after the US kicked off a tariff battle with China, Premier Li Keqiang traveled to Germany on a mission to champion free trade,...Most banks in dire loan trapsMost of the commercial banks of the country have fallen into deep monetary traps by disbursing excessively high amounts of loans surpassing the loan delivery...From technology innovation to leading digital transformation, Huawei at CEBIT 2018Hannover, Germany — From June 11 to June 15, Huawei will be exhibiting its digital innovations at CEBIT 2018 under the theme of "Leading New...50-Somethings Increasingly Snatch Jobs from Young PeopleThe quality and quantity of jobs available for Koreans in their 50s improved over the last decade, but worsened for those in their 20s.According to...Xiaomi pays a hefty price for low valuation and poor timingXiaomi Corp sells its products at a substantial discount to those of competitors, and may have to get used to trading at the low end...$45.4 mn to spur solar-driven pumping for irrigation in BangladeshBangladesh is set to receive a $20 million loan from an Asian Development Bank (ADB) Power System Efficiency Improvement Project together with an additional $25.44...Civil Aviation and Tourism Minister AKM Shahjahan Kamal on Friday stressed on forming a common platform to promote tourism industry in South Asian region, reports BSS.Civil Aviation and Tourism Minister AKM Shahjahan Kamal on Friday stressed on forming a common platform to promote tourism industry in South Asian region, reports...Legend Holdings to buy Luxembourg’s oldest bankChinese investment holding company, Legend Holdings, which owns well-known PC maker Lenovo Group, has bought into Banque Internationale à Luxembourg, the oldest private bank in...Speakers for greater connectivity among South Asian countriesSpeakers at a programme on Wednesday stressed the importance of increased connectivity among the South Asian counties through implementing Belt and Road Initiative (BRI) and...Registration of BCS FF officers through legal battle!It goes without saying that the War of Liberation is the most glorious and historical chapter which has no parallel in our national life. Bangladesh...Chinese firm sets up ‘cockroach farm’ to produce drugsA Chinese pharmaceutical firm claims it has developed drugs that can cure or relieve symptoms of respiratory and oral diseases, with essences extracted from one...Bahrain says Gulf neighbors will provide economic aidBahrain said Wednesday its Gulf neighbors Kuwait, Saudi Arabia and the United Arab Emirates will offer new aid to strengthen the island nation's "fiscal stability"...Xiaomi’s blockbuster IPO nine times overboughtChinese tech unicorn Xiaomi has completed its four-day Initial Public Offering period, as investors overbought the retail portion of its US$6.1 billion offer, The Paper...Govt takes initiative involving Tk 2,868.17 crore for transportation of petroleumThe government initiated a move to implement a Taka 2,868.17 crore pipeline project for transporting white petroleum from Chattogram to Dhaka and Chandpur in a...Bitcoin slumps to below $6000, its lowest level since NovemberBitcoin’s value slid to its lowest level since November on Friday, as waning investor interest and recent negative headlines from global regulators weakened demand for...Bank accounts of Najib’s party frozen in probeMalaysia on Friday said it has frozen bank accounts of the political party once led by former premier Najib Razak as part of an investigation...Banks to remain open June 30Branches concerned of all scheduled banks willremain open on Saturday (June 30), the last day of fiscal year 2017-18, to provide cheque, chalan, pay-order or...Alibaba gathers top scholars to soothe human-tech tensionChinese e-commerce giant Alibaba has led the founding of a research institution gathering top scholars around the world from various fields including sociology, economics and...China's Ant Financial is not looking to ‘buy’ technology, says executiveAs news of a possible restriction on Chinese investment in U.S. technology companies surfaced amid the ongoing trade spat between the world's two largest economies,...Tofail seeks dev countries help to expand Bangladesh's exportCommerce Minister Tofail Ahmed said Bangladesh is looking for new markets to boost its exports and expressed the hope that the developed countries would continue...Investment to enhance country's GDP stressedSpeakers here today underscored the need for boosting investment and setting up echo-friendly industries to enhance country's GDP.They were addressing a conference on 'Private Investment...Provision made easy for banksObligations regarding provisions or security deposit have been made flexible for scheduled banks reportedly. From now on banks will not have to do provisioning from...Consumers Oppose Titas 75 Pc Gas Price Hike ProposalTitas Gas Company`s proposal to raise an average 75 percent gas price faced tremendous opposition from different consumer groups at the public hearing of the...MURAL Delivers a 495% ROI according to Forrester ResearchMURAL, a leading visual collaboration solution for modern organizations, unveiled a detailed analysis of the financial impact of MURAL when deployed in global companies. In...Bangladesh needs to boost productive investment: IMFBangladesh will need to boost productive investment by addressing infrastructure bottlenecks and strengthening the banking sector to keep ongoing momentum unhurt, the IMF said in...Bangladesh Investment Summit to Catch Investors AttentionThe Bangladesh Investment Summit provide international investors and business leaders exclusive access to the Bangladesh business insights to take investment decision in suitable sector(s). This...India and Bangladesh to Restore Rail ConnectivityBangladesh Railway Minister Mujibal Haque said an initiative has been taken to reconnect railway lines with India in 12 places, which had been snapped after...Asia-Pacific Fintech Market to Reach US$72 Billion by 2020The Fintech industry in the Asia-Pacific region is expected to grow at a CAGR of 72.5% from 2015 to 2020, reaching US$72 billion. The positive...Asia Medical Tourism Market and Forecast to 2020Asia continues to be the top medical destination in medical travel. Asian medical destinations continue to offer more and better medical procedures and care than...Global Automotive Industry - Statistics & FactsGlobal sales of passenger cars are forecast to hit 78.6 million vehicles in 2017. Along with China, the United States is counted among the largest...SINGAPORE FIRMS SEE SILVER LINING IN ELDERCARE INDUSTRYAS Singapore strives towards its Smart Nation vision, it cannot escape the fact that it is also an ageing society.But rather than view the silver...BD puffs away 1.4 pc of GDP in tobaccosAt least 43 percent of the population above 15 years of age used tobacco in Bangladesh last year and tobacco consumption caused as many as...Chinese investors see Bangladesh as attractive place for investmentHighly appreciating Bangladesh for improving business-friendly environment, a group of Chinese investors said Bangladesh is now an attractive destination for Chinese investments, reports BSS. They came...Barclays is reportedly looking at a potential merger with Standard CharteredBarclays has spoken to its rival bank Standard Chartered about a potential merger but no formal or informal bid was made, the Financial Times reported...Export from KEPZ risesExport from factories in Korean Export Processing Zone (KEPZ) in Chatto-gram are increasing day by day. The sponsor of the EPZ South Korea's Youngone Corporation,...Textile Production is Now More FranticWith speed to market and high-tech innovation reshaping every aspect of the apparel world, the winter edition of Sourcing at Magic – the Magic sub-brand...Industry's contribution to GDP must increaseThere is no denying the fact that Bangladesh, ever since it achieved independence, has walked a long way in terms of development of its industrial...Bangladesh to surpass Taiwan by 2030 with rising GDP growth: MinisterCiting an Australian think tank’s survey, Planning Minister AHM Mustafa Kamal yesterday said Bangladesh will surpass Taiwan by 2030 with the continued increase in its...Korea keen to invest in BangladeshKorean entrepreneurs have shown their keen interest to invest in Bangladesh, saying they will send a trade delegation to Bangladesh soon.They expressed their interest at...Export earnings rise 42pcExport earnings from the services sector grew 42.14 percent year-on-year to $396.58 million thanks to increasing income from goods transportation and rising export of skilled...DIFE to inspect systems in EPZsState Minister for Labour and Employment Md Mujibul Haque Chunnu yesterday said Department of Inspection for Factories and Establishments (DIFE) will be included in the...'GDP growth without employment fruitless'The country is moving fast with steady GDP growth. However, the employment is not increasing in line which is unexpected, said speakers suggesting the government...Peace in Korea Could Open a Transportation RoutePeace in Korea, closer now than for decades, could open a transportation route through the peninsula that would change the way a raft of goods...Thai Minister expressed interest to invest in BangladeshThailand Minister for Economic Reforms and Investment Kobsak Pootrakool has expressed his keen interest to invest in Bangladesh's infrastructure, power, energy and other potential sectors....Stronger investment in children soughtSpeaker Dr Shirin Sharmin Chaudhury has said parliamentarians can play an important role in ensuring sufficient funding and allocation of resources for protection of the...ADB expects 7pc GDP growthThe Asian Development Bank expects Bangladesh's economy to expand by 7 percent in the current fiscal year, much below from the government's provisional estimate of...