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Saturday,17th November 2018




  ECONOMICS:


Rakuten EXPRESS expands service area to 14 cities in metropolitan Tokyo

Rakuten Inc has expanded the coverage area of the Rakuten EXPRESS door-to-door delivery service to include the 14 cities of Fuchu, Chofu, Nishitokyo, Mitaka, Kodaira, Hino, Musashino, Tachikawa,...Full News..

Japan to Suspend Iran Oil Imports Over US Pressure

Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October, amid fears Washington will sanction countries importing Iranian crude, local media reported...Full News..

We are not Russia-funded or Moscow’s secret agents : Brexit campaigner

Brexit campaigner Arron Banks denied on Sunday ever receiving Russian money or assistance for the campaign to leave the European Union. The Sunday Times, citing emails it received from a...Full News..

Airlines struggle with global pilot shortage

A growing shortage of airline pilots is putting the industry's recent growth at risk as planes sit idle, higher salaries cut into profits and unions across the globe push for more...Full News..

Japan Airlines to expand budget carrier’s fleet after 2020 launch

Japan Airlines Co Ltd hopes to expand the fleet of a new low-cost carrier by two jets a year after it launches in mid-2020, a director of the airline said on Monday, as it takes on rival ANA Holdings...Full News..

Sony’s push into entertainment aims for stability

Sony Corp's new chief executive is embracing entertainment content, but for now appears to be steering clear of direct competition with tech giants such as Apple Inc and Netflix Inc. The company...Full News..

Japan’s factory output growth slumps in April

Japan’s industrial output was well short of market expectations in April, official figures showed on Thursday, adding to fears for the outlook after the economy contracted in the first...Full News..

Gibson guitar maker sees a future with bankruptcy protection

FILE - In this Aug. 25, 2011 file photo, Gibson Guitar CEO Henry Juszkiewicz speaks at the plant in Nashville, Tenn. The maker of the Gibson guitar, an omnipresent icon in American rock ‘n’ roll,...Full News..

Luxury complex Tokyo Midtown Hibiya opens

Tokyo Midtown Hibiya, a major shopping and entertainment complex, opened Friday.  Photo: KYODO  TOKYO-Tokyo Midtown Hibiya, a major shopping and entertainment complex, opened for business on...Full News..

In a trade war, aviation giant Boeing could be a sitting duck

CHARLESTON, United States- The sparkling new Boeing 787s bound for China Southern Airlines and Air China are waiting to be delivered, but the prospect of a trade war could make for a less rosy...Full News..

OECD raised global and Japan growth outlooks for 2018 and 2019

R A Sujon: The Organization for Economic Cooperation and Development on Tuesday raised its forecasts for the global economy for 2018 and 2019, factoring in the impact of tax cuts...Full News..

2018 G7 meetings and summit : Federal budget allocates $600 million

There’ll be no need for fancy fake lakes at the next G7 summit that Canada hosts in picturesque Charlevoix, Quebec, because this year’s global gathering will be nestled in rolling hills that...Full News..

Japan opens up to foreign direct investors

Businesses of the world: Japan wants you. With Japanese Prime Minister Shinzo Abe pledging to make Japan “the world’s easiest country for companies to do business in,” US and other foreign...Full News..

Oil producers to extend cuts to rebalance market: UAE

ABU DHABI: Oil producers are expected to unanimously extend a production cut accord later this month but its duration is being discussed, the UAE energy minister said on Monday. "I think this...Full News..

Bangladesh to buy 50,000 tonnes rice from Thailand

The government has cleared a proposal to buy 50,000 tonnes rice from a Thai company through international tender. The cabinet committee on government purchase approved the proposal to buy the...Full News..

Rashid’s rice mill raided again

bdnews24: The authorities have raided several rice mills including the one that was fined last week in Kushtia for hoarding food grains as the prices of rice in the retail market continue to...Full News..

Malaysia’s palm stockpile rise 8.8 pct in August

Malaysia's palm oil stockpile rose 8.79 percent month-on-month to 1.94 million tonnes in August, the Malaysian Palm Oil Board (MPOB) said on Monday. The production for the month fell 0.9 percent...Full News..

15 new 5-star hotels in next 3 years

Several international hotel chains have taken up plans to expand their business in Bangladesh to cater for the growing need for luxury accommodation in Dhaka and other popular locations across the...Full News..

Japan trade surplus shrinks in July

Japan recorded a double-digit drop in its trade surplus in July as costs of energy imports rose on a weaker yen, government data showed Thursday. The world's third-largest economy logged a surplus...Full News..

ADB raises $1.25bn for climate projects

The Asian Development Bank (ADB) has raised $1.25 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche 5-year and 10-year green bonds. "ADB is...Full News..

BOJ’s delay in inflation target throws Kuroda reappointment in doubt

The Bank of Japan's latest delay in reaching its 2 percent inflation target despite more than four years of aggressive monetary easing has thrown Governor Haruhiko Kuroda's chances at a new term into...Full News..

US-China trade rifts resurface as the 2 sides begin meeting

Cake and conversation, it seems, can go only so far to mend longstanding economic rifts between the United States and China. Three months after President Donald Trump and his Chinese counterpart,...Full News..

America court holds off decision about Toshiba chip unit sale

A U.S. court held off a decision Friday as to whether to grant Western Digital Corp. an injunction to block Toshiba Corp.'s chip unit sale. The Superior Court of California set another hearing on...Full News..

Conservative MPs in talks with Labour about signing UK up to free movement after Brexit

At least 15 Conservative MPs are in talks with Labour about a deal which could keep Britain signed up to free movement after Britain leaves the European Union, the Telegraph can disclose. The Tory...Full News..

Asian markets mostly weaker before Fed chair speech

Asian shares were mixed on Wednesday as investors eyed U.S. political risks and cues about the direction of monetary policy from the Federal Reserve chair. KEEPING SCORE: Japan's Nikkei 225 fell...Full News..

Tesla to build “world’s largest lithium-ion battery in Australia

The government of South Australia announced on Friday that U.S. company Tesla has been selected to build the "world's largest lithium-ion battery", in an attempt to ease the state of its crippling...Full News..

Industrial companies lead US stock indexes mostly higher

Street closed out the final day of the second quarter with slight gains after a broad rally faded in the last few minutes of trading Friday. The Dow Jones industrial average and the Standard &...Full News..

Top Swedish firms keen to work with Bangladesh’s power, RMG sectors

The Investor AB and the ABB Sweden, the two leading Swedish companies, on Friday expressed their keenness to work for the development of the power and readymade garments (RMG) sectors in...Full News..

Qatar Airways profits $540 million, braces for Gulf crisis

Qatar Airways announced on Sunday its net profits rose to $540 million in its latest financial disclosure before the airline took a hit and was blocked from flying to major Arab states. The...Full News..

Tk 4 lakh 266 crore budget proposed for FY 2017-18

Finance Minister AMA Muhith on Thursday proposed the biggest-ever national budget for fiscal year 2017-18 of Tk 400266 crore saying he is placing this budget at a ‘historic juncture’ of economic...Full News..

Amazon’s stock tops $1,000 for the first time

Amazon, the e-commerce giant that has changed how much of the world shops for books, toilet paper and TVs, hit a new milestone. Its stock topped $1,000 for the first time. That price puts Amazon's...Full News..

Asian Development Bank awards three best performing projects in Bangladesh

Asian Development Bank or ADB has awarded three of its best performing project teams in Bangladesh as part of its "efforts to promote efficient project implementation." "The project teams were...Full News..

How Japan Post’s big global bet unraveled

Tokyo/Sydney- In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Their client had just closed a multi-billion dollar deal - but had kept...Full News..

890,000 new recruits in Japan start 1st day at work

TOKYO — An estimated 890,000 new recruits at companies, public offices and other organizations across Japan marked their first day at work Monday, the first business day of the country’s new...Full News..

TPP’s demise weighs on Japanese firms’ growth as Asia trade talks slow

TOKYO —The demise of the Trans-Pacific Partnership is slowing momentum for Asian economic integration, threatening to undermine the growth potential of Japanese manufacturers. Japanese auto,...Full News..

Gas tariff hiked: Single burner Tk 750, double Tk 800

Bangladesh Energy Regulatory Commission (BERC) has announced fresh hike of gas prices by 22.7 percent on average. The commission made the announcement at a press briefing at BERC Head Office in...Full News..

Abe hopeful ‘Premium Friday’ will boost consumption

Prime Minister Shinzo Abe says he hopes that new government-business initiative, called “Premium Friday,” will boost economic consumption. Abe met Wednesday with the government’s Council on...Full News..

japan posts biggest annual current-account surplus since 2008 financial crisis

Japan last year logged its biggest annual current-account surplus since the 2008 financial crisis, figures showed Wednesday, as the country’s prime minister prepares to meet protectionist-leaning...Full News..

Weak household spending dampens Japan’s recovery hopes

Japan’s household spending fell in December for the 10th consecutive month, the government said Tuesday, the latest in a series of blows to the nation’s faltering growth plan. Prime Minister...Full News..

Japan posts first annual trade surplus since 2011 disaster

Japan on Wednesday reported its first annual trade surplus since the 2011 Fukushima nuclear disaster sent the country’s energy import bills soaring. The government trade data showed imports in...Full News..

Dubai penalises 25 shops for illegal money transfer

HundiA crackdown across Dubai unearthed an illegal money transfer racket run by 25 shops, the Department of Economic Development (DED) revealed on Saturday, reports the Gulf News. The shop...Full News..

Nissan to review UK investment stance once Brexit terms clear

Nissan will review the case for future investment in Britain when the terms of the country’s departure from the European Union finally become clear, the Japanese carmaker’s Chief Executive Carlos...Full News..

Eight people have same wealth as half the world, Oxfam reveals ahead of Davos

The eight richest people on the planet are worth more than the combined wealth of half the world’s population. The eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3. 6...Full News..

Indian refinery exports 2,281 tons diesel to Bangladesh

An Indian Railway rake containing 2,281 tons of High-Speed Diesel (HSD) has been to dispatched from the state of the Assam's Siliguri to Parbitipur Depot of Bangladesh Petroleum Corporation on...Full News..

China forex reserves fall by $320 billion in 2016

China forexChina's foreign exchange reserves fell by $320 billion last year, Beijing announced Saturday, as authorities sought to support the yuan against a soaring dollar which is encouraging...Full News..

Toyota is latest Trump target over Mexico production plans

U.S. President-elect Donald Trump has trained his sights on Toyota in his latest effort to badger a company into building its products in the U.S. rather than Mexico. Trump tweeted Thursday that...Full News..

Japan to speed up free-trade talks with EU

Japanese trade negotiators are hoping to resume talks for a free-trade deal with the European Union in January. They say they're aiming to reach a broad agreement as soon as possible this...Full News..

Japan to embark on work-hour reform after Dentsu worker’s suicide

Japan is finally starting to seriously seek ways to curb excessive work hours, with the overwork-related suicide of a young employee spotlighting a long-standing issue that has always been in...Full News..

Remittance flow falls despite rise in labour migration: Study

Despite a marked rise in the country’s lobour migration this year, its remittance flow has declined by about 11 percent compared to the previous year, says a new study. The study, which was...Full News..

RMG factories in Ashulia reopen

The shut RMG factories in Ashulia reopened from Monday morning. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) authority took the decision on Sunday evening. BGMEA...Full News..

Ashulia RMG factories to open Monday: BGMEA

The garment factories at Ashulia, on the outskirts of Dhaka, which were shut following labour unrest on 20 December, will reopen on Monday. Bangladesh Garment Manufacturers and Exporters...Full News..

ICAB gets new body for 2017

Adeeb Hossain Khan FCA has been elected president of the Institute of Chartered Accountants in Bangladesh (ICAB) for the year 2017. Besides, Moddassar Ahmed Siddique FCA, Mostafa Kamal FCA and M...Full News..

Gov’t sets sights on improving pay for contract workers

The Japanese government has placed a high priority on narrowing the gap in pay and benefits between regular and contract employees as this will raise productivity and consumer spending, said...Full News..

Workers of 10 RMG factories go on strike

About 20,000 workers of a dozen factories in Ashulia, the garment hub in outskirts of Dhaka city, have been demonstrating for increased wages. Workers of at least 10 factories went on strike,...Full News..

China vows more ‘flexible’ yuan, less property speculation

China ended a major annual economic meeting Friday with promises to liberalise investment in state-owned sectors, control real estate speculation and improve the “flexibility” of the yuan’s...Full News..

UN chief Ban Ki-moon hints he could run for South Korea’s presidency

Outgoing United Nations Secretary General Ban Ki-moon suggests that he may run for president of South Korea after his 10-year-long tenure at the world body ends early next year. Mr Ban's term as...Full News..

Tokyo regains title of costliest city for expats as London drops

Tokyo regained its top spot among the world’s most expensive cities for expatriates for the first time since 2012 as the yen rose. London fell out of the top 100 after Brexit crushed the...Full News..

Asian postal services adapt to post-mail era

With the pre-Christmas rush at its peak, a serpentine network of conveyor belts at Singapore Post’s new logistics centre moves parcels destined for addresses across the world in time for the...Full News..

International Labour Organisation hails labor safety progress in Bangladesh

Director-General of the International Labour Organisation (ILO) Guy Ryder praised the progress made by Bangladesh to improve labor and industrial safety condition in Bangladesh. ‘Since 2013,...Full News..

Italian brand LOTTO brings personal care products

Who is not in love with fragrances? Everyone is. From world famous stars to everyone else we all use perfumes these days. Therefore, in the midst of our busy lives, in order to keep ourselves fresh...Full News..

BB heist: Investigation panel finds insiders negligent

Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at the bank were guilty of negligence and carelessness, the...Full News..

Cars without drivers scoot around Nissan plant, towing cars

Nissan Motor Co. is testing self-driving cars at one of its plants in Japan that can tow vehicles on a trailer to the wharf for loading on transport ships. The Japanese automaker thinks the...Full News..

US to hold business summit for India’s bay region

US Consulate in India’s Kolkata will hold a ‘connectivity conference’ for Bay of Bengal region on December 14-15 next to facilitate boosting trade, commerce, and economic activities among the...Full News..

Huawei plans to be top smartphone brand in Bangladesh by 2018

Huawei is a Chinese multinational telecommunications company with presence in more than 170 countries. One-third of the world’s population are said to be using Huawei products and...Full News..

Dhaka wants heist compensation, but Duterte meeting cancelled

A high-level Bangladesh delegation tried to meet Philippine president Rodrigo Duterte on Monday seeking compensation from Rizal Commercial Banking Corp for abetting transfer of $81 million stolen...Full News..

Uber ban an affront to Digital Bangladesh?

While it certainly looked like Uber was launched in Bangladesh with the blessing and approval of the government, all of a sudden, it would appear that the government, or at least a section of it, is...Full News..

100,000 passengers hit on third day of Lufthansa strike

Germany's flagship airline Lufthansa said 830 domestic and European flights were being scrapped on Friday, affecting more than than 100,000 passengers, on the third day of a strike by pilots...Full News..

6 Filipinos charged over BB cyberheist

An anti-money laundering body of the Philippines has filed charges against five officials of Rizal Commercial Banking Corp (RCBC) and a former treasurer who wilfully ignored suspicious activity that...Full News..

‘Alliance overstates safety assessment progress’

Four international labour rights organisations have claimed that Alliance for Bangladesh Worker Safety overstates progress in Bangladesh’s RMG sector, keeping its workers’ lives at risk. The...Full News..

Trump vows to back out of TPP as soon as he takes office

President-elect Trump took to YouTube on Monday to reaffirm his agenda for the first 100 days, including withdrawing from the Trans-Pacific Partnership. “My agenda will be based on a single core...Full News..

ADB approves $167 million to boost gas field

Asian Development Bank (ADB) has approved a $167 million loan to promote sustainable economic growth and reduce poverty in Bangladesh by improving production efficiency at a key gas field north of...Full News..

Financial upheaval ahead for families

Some experts are predicting a "quiet" Autumn Statement - but significant upheaval for family finances is already coming down the line. The freeze on major benefits, which continues until 2020, may...Full News..

$392.40mn remittance received in first 11 days of Nov

The country received $392.40 million in remittance in the first 11 days of the current month of November. Bangladesh Bank statistics show maximum remittance came through private commercial banks...Full News..

Russia’s Putin dismisses economy minister

Russian president Vladimir Putin has dismissed economy minister Alexei Ulyukayev after losing trust in him, Kremlin spokesman Dmitry Peskov said on Tuesday. Ulyukayev was detained overnight and...Full News..

Banks To Use Indelible Ink To Prevent Multiple Cash Withdrawals

The government will use indelible ink like during elections to prevent people from making more than the permissible number of times cash withdrawal from bank counters, it was announced on...Full News..

Gold price falls in local market

Bangladesh Jewellers` Samity (BJS) has reduced the gold price following the fall in international market. A press release has been issued in this regard Sunday evening. According to the press...Full News..

Political and business establishment, not Trump, will run USA

As is customary in presidential elections, Prime Minister Malcolm Turnbull called to congratulate US President-elect Donald Trump, remarking that he's a deal maker and pragmatist. It wouldn't...Full News..

Cyber heist: BB receives $15m stolen money

Philippines’ anti-money laundering council has returned nearly 15 million dollars of the 81 million dollar which was stolen from the Bangladesh bank earlier this year. Bangladesh Bank...Full News..

Egypt wins approval for $12bn loan from the IMF

The International Monetary Fund (IMF) has approved a three-year $12bn (€11bn) loan for Egypt to help the country out of its deep economic crisis. Egypt will receive $2.75bn immediately, with the...Full News..

Chinese spend billions on Singles’ Day

Chinese shoppers spent more than $1 billion in the first five minutes of Singles Day on Friday, e-commerce giant Alibaba said in the world’s biggest online shopping promotion. Singles’...Full News..

Asia markets rally after Trump sell-off

Asian share markets have bounced back after seeing a sharp sell-off on Wednesday in the immediate aftermath of Donald Trump's US election victory. Thursday's rally followed rises in Europe and the...Full News..

Corolla, Toyota’s car for the masses, turns 50

This weekend marks the 50th anniversary of the Toyota Corolla, one of the world’s best-selling cars. Since the first model went on sale in Japan on Nov 5, 1966, some 44.3 million Corollas have...Full News..

Minister seeks business cooperation with Russia

Japan's trade and industry minister has expressed hope for greater business cooperation with Russia. Hiroshige Seko is visiting Moscow to explore economic projects with Russia. It's part of the...Full News..

Takata readies Chapter 11 filing for US unit

Embattled Japanese air bag maker Takata is preparing for a possible bankruptcy protection filing in the U.S. amid the mounting costs related to the company's defective air bags, which have been...Full News..

Japan utilities plugging into Singapore for growth overseas

As competition heats up back home, Japanese utilities are looking to Southeast Asia for growth, and using Singapore as the point of entry. A hub of the natural resource business in Asia, the...Full News..

Japan turns to new utilities as post-meltdown costs swell

Japan's industry ministry has proposed having new power providers help pay for compensating victims of the 2011 Fukushima Daiichi disaster and scrapping nuclear reactors, as big utilities struggle to...Full News..

ADB to provide US$ 8bn for implementing 7th 5-year plan

The Asian Development Bank (ADB) will provide US$ 8 billion to Bangladesh in five years to help implement its ongoing 7th 5-year plan (2016-2020). This was revealed at ADB's Bangladesh Country...Full News..

Ceta: EU and Canada sign long-delayed free trade deal

The European Union and Canada have signed a long-delayed landmark trade deal, following weeks of uncertainty due to opposition in Belgium. The deal was signed in Brussels by Canadian Prime...Full News..

Samsung earnings plummet amid smartphone recall

Samsung Electronics has reported a 96-percent drop in earnings from smartphones from July to September. The South Korean mobile giant was forced to stop production and sales of its Galaxy Note 7...Full News..

Companies in Japan pay more for services

The latest data show that Japanese companies are paying more for services from other businesses. Officials at the Bank of Japan say the services-producer price index was up 0.3 percent...Full News..

Nissan hiring 300 to develop common connected car technology

The top executive overseeing connected vehicles at Nissan and Renault believes the benefits of developing a common technology for connectivity within the Japanese and French auto partnership outweigh...Full News..

Japan swings back to trade surplus in September

Japan swung to a bigger-than-expected trade surplus in September, as tumbling imports offset lackluster shipments overseas, official data showed Monday. The value of Japan’s exports fell again,...Full News..

Canada minister: Talks finished, free trade ball now in EU’s court

Canada’s trade minister said on Saturday it was up to the European Union to save a free trade deal that is being blocked by opposition from Belgium’s French-speaking region. Chrystia Freeland...Full News..

TPP bills unlikely to pass Lower House in October

Japanese lawmakers remain divided over bills seeking Diet approval for the Trans-Pacific Partnership free trade deal, making it difficult for the Lower House to pass the bills this month. Japan's...Full News..

BOJ head hints at pushing back inflation target

The head of Japan's central bank has indicated that policymakers may again extend the time frame for reaching their goal of 2-percent inflation. Bank of Japan Governor Haruhiko Kuroda was speaking...Full News..

Japan firms offer personalized labels for selected brand gifts

Consumers are looking for new ways to add a personal touch when it comes to gifts for birthdays, weddings or other special occasions. Over and above simply choosing the way gifts are wrapped or...Full News..

WB to give $200cr to Bangladesh for climate change

World Bank President Jim Yong Kim talking to reporters at its Dhaka office at Agargaon in the capital, on Tuesday (October 18, 2016) Dhaka: World Bank President Jim Yong Kim on Tuesday pledged...Full News..

7 Chinese firms look to invest in Bangladesh

Seven Chinese state-owned companies signed investment and import agreements worth $186 million with 13 Bangladeshi companies yesterday, aiming to boost bilateral trade. Of the Bangladeshi...Full News..

Abe, Putin express new resolve to settle island dispute

VLADIVOSTOK, Russia —Japanese Prime Minister Shinzo Abe and Russian President Vladimir Putin on Saturday spoke of their joint resolve to settle once and for all a territorial row over a string of...Full News..

Gov’t to encourage pay raises for day care staff amid worker shortage

TOKYO — The Japanese government plans to encourage the operators of child care facilities to raise the monthly salaries of underpaid staff in a bid to tackle the country’s chronic shortage of...Full News..