Asia

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh yesterday launched its first ever Business Excellence Awards to recognise the country’s businesses and entrepreneurs for their contribution to the sustainable growth of the national economy.  The awards will be presented in seven categories. These include exporter of...

Bangladesh is expected to grow robustly in 2019 and 2020 riding on domestic consumption and strong remittance earnings, said the Asian Development Bank yesterday as it kept the growth outlook for the country unchanged. In a supplement to its Asian Development Outlook 2019 Update, the Manila-based lender, however, trimmed its forecasts...

A strong global and regional partnership can help nations achieve the Sustainable Development Goals (SDGs), said experts, as an international conference on financing inclusive and sustainable development in the Asia-Pacific region concluded yesterday. During the three-day event, the speakers recommended mobilising finances, bringing about policy reforms, and...

Facebook Inc dropped to the 23rd spot in Glassdoor’s list of ‘Best Places to Work’ in 2020 from the seventh it secured last year, amid heightened regulatory scrutiny of the world’s largest social network. The company received an  overall rating of 4.4 out of 5, compared with...

International investors should look at Bangladesh as a lucrative investment destination as the fast-growing country offers immense growth opportunities, said Toshiro Kudama, chief executive officer of Jera Asia. “Bangladesh is very promising and stabilised. I think it’s time to come to Bangladesh,” he told The Daily Star...

Bangladesh has ranked 103rd out of 152 countries in the global E-commerce Index 2019, prepared by the United Nations Conference on Trade and Development (UNCTAD). The country slipped by 15 notches from 88 in the previous year, according to the publication titled 'UNCTAD Business-to-Consumer (B2C) E-commerce Index'....

The government wants to rejuvenate its foreign missions abroad across the globe to help boost export earnings, officials have said. To this end, they said, an inter-ministerial committee will hold a meeting on December 18 next to take stock of export performance of Bangladesh missions abroad. The...

Diversion of funds by borrowers is the major reason for the higher non-performing loans in Bangladesh, according to Anis A Khan, a career banker who retired a few days ago after serving the industry for nearly four decades. To him, the NPL is the scourge of the banking...

The government is set to make a net borrowing of more than Tk 45 billion from the country's banking system in December to partly meet its budget deficit, officials said. The government's gross borrowing may reach up to Tk 215 billion from the banking system in December....

The government is trying to raise export income from leather and leather goods to $5 billion by 2021 with providing necessary policy support, Industries Minister Nurul Majid Mahmud Humayun said on Monday.“The global market of leather and leather goods in worth $220 billion where Bangladesh’s share is...