Asia

Silicon Valley-based venture capital firm Pegasus Tech Ventures plans to invest $40 million in Bangladeshi startups within a few years as the fast expanding economy holds huge growth potential for budding entrepreneurs, said its top executive. "We are committed to investing in Bangladesh's startup ecosystem," Anis Uzzaman,...

Car sales in China fell 92% in the first half of February as the coronavirus shutdown took its toll, according to an industry trade body. Car dealerships have remained closed while buyers have stayed away to prevent the spread of the deadly virus. Nationwide car sales slumped...

Some 25 companies are set to raise an aggregate amount of capital worth Tk 13.34 billion from the capital market. The companies will raise capitals floating IPOs (initial public offerings) under the book building and fixed price method. Under the book building method, seven companies will raise...

Robi plans to submit its application for listing in the country's twin bourses to the Bangladesh Securities and Exchange Commission in the middle of next month, as the long-awaited debut of the second largest mobile phone operator is finally taking shape. The operator, which got the approval...

The government has started a process to formulate a master plan, aiming to attract more and more tourists -- both local and foreign ones -- through transforming the country’s tourism sector in a planned way. A consultancy firm has been hired to formulate the master plan and...

Bangladeshi President Abdul Hamid called Thursday for greater trade and investment with Turkey to explore the potentials of the two countries in various sectors, reports Daily Sabah.  "There is enormous scope for exploring the commerce and investment potentials between the two countries, but this is yet to...

Bangladesh and Japan on Wednesday decided to form a Joint Working Group (JWG) on facilitating trade and business between the two countries.  The decision came at a meeting between commerce minister Tipu Munshi and Japanese Ambassador to Bangladesh Ito Naoki at Bangladesh Secretariat, according to a statement....

Bangladesh mission in China has expressed the fear that export-import trade between Dhaka and Beijing may face a major setback due to the outbreak of the coronavirus. The outbreak of the coronavirus may also hit the Chinese supply chain, thus hampering bilateral trade seriously, he added. Commercial...

Investment in Bangladesh by overseas firms was far below their initial pledges in the past three consecutive years through 2018. Such a picture was painted in a written speech by AKM Mozammel Haque, a minister in charge of the Prime Minister's Office in parliament. He said foreign...

Expatriate Bangladeshis in Malaysia, the fifth highest source of remittance for the country, would soon be able to send in money to their near and dear ones at home on a real time basis thanks to a novel arrangement between Malaysian fintech firm Valyou, British bank Standard...