Business

Indian-American Neal Mohan will be the new YouTube CEO, as current head Susan Wojcicki has announced to step down after 25 years at the Google-owned company. Currently chief product officer, Mohan became part of Google, the parent company of YouTube, in 2008. He is a Stanford graduate and earlier worked with Microsoft. Mohan and Wojcicki have worked together for nearly ...

World Bank President David Malpass has said he would leave his post well before his term ends, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming. Malpass, appointed by former President Donald Trump, will depart the multilateral development bank, which provides billions of dollars a year in funding ...

Newly appointed Japanese Ambassador to Bangladesh, Kiminori Iwama, on Wednesday (February 15, 2023) said that he would encourage Japanese companies to expand their business in Bangladesh to help the country achieve expected economic growth. “Japan wants to be more involved in Bangladesh’s national development,” said the ambassador in a meeting with Local Government and Rural Development Minister Tajul Islam. The ...

Boeing Co (BA.N) plans to invest about $24 million in India to set up a logistics centre for airplane parts, Salil Gupte, president of the local unit told Reuters on Monday, boosting its footprint in the country amid a large plane order. India’s former state-run carrier Air India, which is now owned by Tata Group, is expected to announce a ...

To support export and import-based businesses in coping with global uncertainties induced by the Covid-19 pandemic, International Finance Corporation (IFC) is providing $50 million to Prime Bank Limited in Bangladesh. This IFC funding will support working capital, trade finance, and foreign exchange liquidity needs of export and import based entities borrowing through Prime Bank’s Offshore Banking unit, UNB reports. The ...

Rice production in the country increased to 4.4 crore metric tonnes in the fiscal year2021-22, which broke the previous records, said Agriculture Minister Dr. Muhammad Abdur Razzaque. Besides, in the past 14 years, rice production has increased by 29%, wheat by 37%, maize by 671%, potato 110%, pulse 328%, vegetables 645% and onion 395%, he said while addressing the eights ...

Bangladesh has entered the three-wheeler manufacturing industry as local company Runner Automobiles Plc launched the first ever locally made liquefied petroleum gas (LPG) and compressed natural gas (CNG) run vehicles in the country. Prime Minister’s Private Industry and Investment Adviser Salman F Rahman today launched the three-wheeler and inaugurated the Runner Bajaj Three-Wheeler Manufacturing Plant built on 10 acres of ...

Moody’s downgraded on Friday the ratings outlook for some Adani Group companies, while MSCI said it would cut the weightings of some in its stock indexes, the latest blows for the Indian conglomerate plunged into crisis by a short-seller’s report. New York-based short-seller Hindenburg Research accused the Adani Group in a Jan 24 report of stock manipulation and improper use ...

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Thursday said China and Bangladesh can benefit by coordinating the development strategies of both countries. The trade organisation said this as a FBCCI team, led by its President Md Jashim Uddin, met with Chinese Ambassador Yao Wen at the Chinese mission in Dhaka. Jashim said the upcoming Bangladesh Business Summit ...

The Japan Bank for International Cooperation (JBIC) has expressed interest in setting up another fertilizer factory like Ghorashal Fertilizer Factory in Ashuganj, Bangladesh. The JBIC has also shown interest financing in different sectors including sugar, automobile and electronic. The information came today while meeting between Industries Minister Nurul Majid Mahmud Humayun and JBIC Governor Hayashi Nobumitsu at Industries Ministry in ...