Business articles

Travel sector zooms in on lucrative gay market

MADRID: The travel sector is jazzing up its offer for gay tourists, who tend to spend more than most when away from home, taking it beyond parties in sunny hubs like Ibiza, reports BSS. The trend was underscored at the Fitur tourism fair in Madrid, one of the world’s largest, which wraps up on Sunday, […]

PRAN Dairy, Oxfam tie up for women dairy producers

DHAKA: PRAN Dairy Ltd (PDL) and Oxfam signed a Memorandum of Understanding (MoU) to install two milk chilling plants in Rangpur and Gaibandha districts, reports BSS. PDL Chief Operating Officer M Muniruzzaman and M B Akhter, Programme Director of Oxfam signed the MoU on behalf of the respective organizations at Oxfam Bangladesh Country Office recently, […]

India’s consumption growth de-risks it from global uncertanity: Kamath

DAVOS: Confident about India continuing to grow on the back of its consumption-driven economy, veteran banker and BRICS nation’s National Development Bank chief K V Kamath has said the world is going through very uncertain times but that may not have much impact on India, reports BSS. At the same time, he also cautioned against […]

Robi develops retailers in partnership with IFC

DHAKA: Robi has trained 238 retailers under a Retailer Development Programme being carried out in partnership with International Finance Corporation (IFC) , reports BSS. Robi’s retailers from Dhaka, Narayanganj, Keraniganj, Gazipur, Tangail and Chittagong took part in the training programme. The training would open an avenue for the retailers to develop their business and attain […]

US stocks close higher as Trump takes office

NEW YORK: Wall Street stocks finished higher Friday as Donald Trump was sworn in as the 45th president of the United States and Barack Obama’s term ended, reports BSS. US stocks were in positive territory virtually the entire day, but they retreated from session highs after Trump’s inauguration speech, which analysts called populist and protectionist. […]

City chief plays down Brexit risk as banks move jobs

LONDON: The City of London’s policy chief played down Brexit risks for the world’s top financial hub in an interview with AFP on Friday, even after a string of banks said they may have to shift jobs from London, reports BSS. “Brexit won’t be… so damaging as to risk London’s status,” Mark Boleat said, while […]

Apple antitrust suit: Qualcomm overcharged ‘billions’

SAN FRANCISCO: Apple on Friday sued Qualcomm, accusing the California chipmaker of abusing its market power to demand unfair royalties, echoing charges filed days earlier by US antitrust regulators, reports BSS. Apple said in the court filing that it has been overcharged “billions of dollars” by its chipmaking partner’s “illegal scheme.” Apple also claimed Qualcomm […]

OPEC output inches down after November deal

VIENNA,  – OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel’s new monthly report showed Wednesday, reports BSS. Total output by the Organization of the Petroleum Exporting Countries fell 221,000 barrels per day (bpd) to 33.1 million bpd from November, […]

ADB to provide $200m to support women entrepreneurs

DHAKA: The government today signed a $200 million loan agreements with Asian Development Bank (ADB) to help small and medium-sized enterprises (SMEs) in rural Bangladesh, reports BSS. Economic Relations Division (ERD) Secretary (In-charge) Kazi Shofiqul Azam and the ADB Country Director in Bangladesh Kazuhiko Higuchi inked the loan agreement on behalf of their respective sides […]

Dollar swoons after Trump critique; Pound rises on Brexit plan

NEW YORK,  – The dollar tumbled Tuesday after President-elect Donald Trump said the American currency was too strong, while the pound rallied after British Prime Minister Theresa May released her Brexit blueprint, reports BSS. The fluctuations in foreign exchange came as most larger equity markets fell as markets look ahead to Friday’s inauguration of US […]

Vietnam courts Japanese high-tech investment

HANOI: Vietnam is courting high-tech Japanese investment and wants Tokyo to become its top investor, its premier said Tuesday during a visit by Prime Minister Shinzo Abe, reports BSS. Japan is the second largest foreign investor in communist Vietnam, a manufacturing hub in southeast Asia seeking to expand exports from apparel and agriculture to high-value […]

HSBC funding Indonesian forest destruction: Greenpeace

JAKARTA: Greenpeace on Tuesday accused banking giant HSBC of helping to arrange billions of dollars in financing for companies whose palm oil operations have been blamed for destroying vast swathes of Indonesian rainforest, reports BSS. The environmental group said the British bank had broken its own guidelines which ban supporting palm oil companies involved in […]

HSBC funding Indonesian forest destruction: Greenpeace

JAKARTA, Jan 17, 2017 (BSS/AFP) – Greenpeace on Tuesday accused banking giant HSBC of helping to arrange billions of dollars in financing for companies whose palm oil operations have been blamed for destroying vast swathes of Indonesian rainforest. The environmental group said the British bank had broken its own guidelines which ban supporting palm oil […]

E-commerce, outsourcing needed for boosting women entrepreneurship

RAJSHAHI: Large-scale expansion of e-commerce and outsourcing could be the vital means of boosting women entrepreneurship together with their empowerment and gender balance, reports BSS. In the present competitive era, significance of promoting women entrepreneurship has been mounted to a greater extent. So, all government and business organizations should come forward with positive mindset to […]

Three young pass mountain ‘Thorong La’

Three young cyclists Abdullah Taher Chowdhuary, Ariful Islam Bhuiyan and Abhimonyu Saha, successfully crossed Thorong La, one of the highest mountain passes in the world on riding Bi-cycle, says a press release. The mission has been organized by Obhijatree with the support of popular noodles brand Mr. Noodles and Trekkers of Bangladesh. As a part […]

Sterling tumbles on ‘hard Brexit’ reports

TOKYO,  – Sterling dropped Monday on reports Britain may be headed for a clean break with the EU, a so-called “hard Brexit”, just ahead of a key speech by Prime Minister Theresa May, reports BSS. The pound tumbled to $1.1986 shortly after 3:00am (1800 GMT Sunday) Tokyo time, hitting its lowest level since the October […]

Albanian economy in positive cycle thanks to reforms: Minister

TIRANA: The Albanian economy has entered a positive cycle of growth thanks to the fiscal policies and reforms undertaken by the government in the recent years, local media cited Albanian Finance Minister Arben Ahmetaj as saying in a TV interview on Saturday, reports BSS. According to Ahmetaj, the domestic consumption has been following an upward […]

Germany’s Merkel warns Trump against protectionism

BERLIN: German Chancellor Angela Merkel warned Saturday against protectionist tendencies of US President-elect Donald Trump, citing lessons learned in the 2008 global financial crash and stressing the need to “move forward together”, reports BSS. “My profound conviction is that there are more advantages… to moving forward together than when everyone resolves their problems for themselves. […]

A milestone to the post sales services

Walton Service Mgt starts New Year with zero pending servicing

Walton Service Management System (WSMS) started its ‘New Year-2017’ journey with zero pending servicing claims. In fact, the number of customer’s claims for necessary post sales services were zero at the end of the last year. The Walton authorities termed the success as a great milestone to the post sales services in the country’s electronics […]

UCB Organizes Annual Business Conference 2017

Annual Business Conference 2017 of United Commercial Bank (UCB) Ltd was held on 13 January 2017 at The Palace Luxury Resort, Habigonj, says a press release. Chairman of UCB M. A. Sabur graced the event as Chief Guest. Muhammed Ali, Managing Director of UCB delivered his welcome speech at the Business Conference. Among others Independent […]

Toxic chemicals detected at Tokyo’s new fish market site

TOKYO: High levels of toxic chemicals were found in groundwater tests at a new facility scheduled to replace Tokyo’s Tsukiji fish market-the world’s largest-clouding the costly relocation plan, news reports said Saturday, reports BSS.. The controversial project has been delayed over fears about toxic contamination, which also impacted the 2020 Olympics to be hosted by […]

PRAN offers special package at DITF

PRAN, one of the leading food processing company has participated in Dhaka International Trade Fair with a wide range of quality products. The company displayed its products at nine pavilions and 13 stalls, says a press release. This year, the key attraction for visitors is All Time live factory stall. Visitors can see the productions […]

Most Asia stocks up but Tokyo hit by Trump worries

HONG KONG – Most Asian markets rose Thursday after a pick-up on Wall Street but Tokyo tumbled as investors were left deflated by a lack of economic detail from Donald Trump at his first post-election press conference,reports-BSS. While traders had hoped the real estate tycoon would flesh out some of his campaign promises such as […]

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Trump under fire over business plan

NEW YORK – Donald Trump said Wednesday he had handed complete control of his business to his adult sons but stopped short of a full divestment, earning a swift rebuke from the government ethics watchdog. Trump, the wealthiest man ever to ascend to the US presidency, has until now run the Trump Organization whose network […]

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