Asia

The government is creating a venture capital firm to nurture start-up entrepreneurs as the country is still at a nascent stage of tech-based business innovation. The Bangladesh Start-up Company with Tk 1.0 billion in paid-up capital and Tk 5.0 billion in authorised capital as per the Companies...

China's non-financial investment in countries along the Belt and Road (B&R) stood at 10.04 billion US dollars in the first three quarters, down 6.9 per cent year on year, according to the Ministry of Commerce. The investment took up 12.4 per cent of China's total non-financial outbound...

Asia’s export powerhouses saw factory activity shrink further in October, as cooling global demand and trade tensions keep policymakers busy ramping up support for their fragile economies to help dodge recession. A private sector purchasing managers’ index showed a surprising pick-up in China’s factory activity on Friday,...

The country's off-docks handled a lower number of outbound containers in October. This indicates that the export earnings might have missed the target set for the month. The Chattogram-based 18 inland container depots (ICDs) handled nearly 42,000 twenty foot equivalent units (TEUs) of export containers last month,...

The government will continue to provide cash incentives to exporters of leather goods and shoes for the next five years, Prime Minister Sheikh Hasina has said, report agencies. The Prime Minister said this Wednesday while addressing the Bangladesh Leather Footwear and Leathergoods International Sourcing Show (BLLISS) at...

Stocks have continued to lose value as the index and prices are falling every day. The DSEX, the benchmark index of Dhaka Stock Exchange, fell 53.42 points or 1.12 percent yesterday, to finish the day below 4,700, a level unseen in three years. Among many reasons, rampant...

Bangladesh will be able to double its export to India in three years if the former can utilise its trade potential in the northeastern Indian states, according to the India-Bangladesh Chamber of Commerce and Industry (IBCCI). Bangladesh’s export to India crossed $1 billion in the last fiscal year...

Stocks plunged again yesterday after a two-day rising streak, pushing the turnover on the Dhaka Stock Exchange to a five-month low. Turnover dropped 22.37 percent to Tk 257.08 crore, the lowest since May 15. Most of the stock investors are fearing that the index may fall further,...

With sales sliding by nearly 60 per cent, the government measures intended to contain transactions of savings instruments have started making an impact. The sales of four popular savings instruments during the July-September period last was Tk 90 billion, a 59.4 per cent decline over the same...

Bangladesh will secure a place among the top 99 countries in the global ease of doing business rankings by 2022, said Prime Minister’s Private Industry and Investment Adviser Salman Fazlur Rahman on Thursday. Bangladesh rose to 168th in the rankings this year from 176th in the previous...