India’s unemployment rate rose to 6.1pc in the 2017/18 fiscal year, the statistics ministry said on Friday, presenting a challenge for Prime Minister Narendra Modi to kick-start job creation in his second term in office. The data, that has been repeatedly delayed, was released a day after...
The Bangladesh Bank has requested the government to release Tk 3.0 billion to finance agriculture projects under the equity entrepreneurship fund (EEF), officials said. Some 2,308 applications have recently been submitted seeking loans, for food and agriculture-related projects from the EEF, which are now under processing, they...
The foreign portfolio investors (FPIs) infused a net amount of Rs 90.31 billion into the Indian capital markets in May, according to government data. The overseas investors pumped in the market on expectations of more business-friendly measures following the BJP's landslide victory in the general elections. Interestingly,...
Apple is set to court software savants at its annual developers conference beginning Monday while contending with criticism that the iPhone maker has made its App Store a walled garden. The App Store is the lone shop for content for Apple devices, with the technology giant deciding...
Some Chinese garment makers want to set up factories under joint venture in Bangladesh as they see the country as a competitive destination to relocate plants amid raging US-China trade war and the rising cost in the world’s second largest economy. Chinese textile and garment industry owners...
Washington’s escalating trade war with Beijing has not “made America great again” and has instead damaged the American economy, China said Sunday, warning that while it wants resolution through talks there will be no compromise on core principles. Beijing’s broadside is the latest act in a bruising...
The next edition of Yarn Expo Autumn 2019 will be organised during September 25-27 in Shanghai, building on the success of the Yarn Expo Spring 2019 which reported positive feedback from exhibitors about the quality of trade buyers, while buyers expressed satisfaction about the diverse variety of...
The Infrastructure Development Company Limited (IDCOL) in Bangladesh will seek $100 million in loans from the Green Climate Fund (GCF) and hopes to secure a further $66 million through borrower co-financing. This is part of the $166 million in funds that the country is looking at securing...
India’s Department for Promotion of Industry and Internal Trade (DPIIT) under the ministry of commerce and industry has reportedly proposed to formulate a national retail policy to support growth of domestic trade as part of a 100-day action plan prepared by it for the new government. The...