Business

The Asian Development Bank (ADB) and the United Nations Development Programme (UNDP) have signed an agreement to strengthen disaster recovery capacity in selected countries across Asia and the Pacific. The agreement was signed by ADB Director General for Sustainable Development and Climate Change Woochong Um and UNDP’s Assistant Administrator and …

Bangladesh’s export earnings witnessed a 0.59 percent growth in July this year compared to July 2019 despite the impacts of the novel coronavirus (COVID-19) pandemic. According to a statement issued by the Ministry of Commerce based on the data of Export Promotion Bureau (EPB), the single month export earnings in …

Facebook founder Mark Zuckerberg has seen his personal wealth rise to $100bn (£76bn) after the launch of a new short-form video feature. On Wednesday, Facebook announced the US rollout of Instagram Reels, its rival to controversial Chinese app TikTok. Facebook shares rose by more than 6% on Thursday. Mr Zuckerberg …

Expatriate Bangladeshis have sent home $2.6 billion in July alone which is the highest monthly remittance received in the country’s history despite all sorts of troubles that accompanied the global coronavirus pandemic. In June, the country received $1.833 billion in remittance. The buoyant inflow of remittance helped push the central …

Gold hit a record high Monday as investors rushed into the safe-haven on concerns about China-US tensions, a spike in virus infections around the world and a lack of progress on a new stimulus bill in Washington. After months of healthy rallies across equity markets, fuelled by trillions of dollars …

Coronavirus pandemic has sent orders plummeting for most manufacturers in Bangladesh, like their peers elsewhere, but Beximco Group has turned the outbreak into an opportunity to show off its ability to churn out advanced products, reports Japan-based Nikkei Asian Review. The pharmaceutical wing of Beximco Group, a sprawling conglomerate and …

Fahim Saleh had a knack for coding and developing apps from his early years. Born to Bangladeshi parents in Saudi Arabia, the 33-year-old created his first company while still in high school. He went on to co-found Pathao, a ride-sharing company popular in Bangladesh and Nepal, in 2015. Fahim had …

Tuesday Uber has announced that it has enlisted 5000 vehicles on its platform to provide convenient and affordable transportation for riders, along with creating livelihood opportunities for its drivers, after a lengthy lockdown. Uber’s enlistment drive follows a BRTA order which stipulated that ridesharing could only resume with enlisted vehicles. …

Restaurants are open in the city amid the rising cases of coronavirus. But, most of them, even the famous ones, do not follow the health guidelines instructed by the government properly, putting the diners at risk. The government issued a set of guidelines to be strictly followed by the hotels …

England residents have had their first night out in three months after coronavirus restrictions eased. Hospitality venues such as pubs and restaurants as well as hairdressers, cinemas and theme parks reopened with strict social distancing rules. But ministers urged caution and England’s chief medical officer said the latest step was …