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Telenor closes down online platform ekhanei.com in Bangladesh

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16 May 2017, Tuesday

Telenor, the parent company of market leader mobile operator Grameenphone, is shutting down its online classifieds marketplace ekhanei.com in Bangladesh from tomorrow. The group, one of the world’s major mobile operators, took the decision due to inability to develop the company into a sustainable and profitable business, reads a press note on its website published yesterday. The leading global telecom giant entered online classifieds in 2013 acquiring some sites from the local market. And Detail >>

I wanted to do something new and challenging: Shohoz.com founder Maliha Quadir

Passion for doing something new for public benefit has driven her to start Bangladesh’s first online travel ticket purchasing platform Shohoz.com, founder Maliha M Quadir has said after being Detail >>

Dollar, Mexican peso, stocks tumble as Trump takes election lead

The US dollar sank and stocks plummeted as mayhem came to world markets on Wednesday as investors faced the possibility of a shock win by Republican Donald Trump that could upend the global political Detail >>

Alliance to continue purchase of garments from Bangladesh

A group of fashion brands and retailers including Gap and Wal Mart working to improve safety in Bangladeshi factories, are still committed to sourcing from the country despite a series of attacks Detail >>

Bangladesh forex reserves top $30bn

Bangladesh’s foreign exchange reserves have crossed the $30bn mark amid a boom in inflow of remittances ahead of one of the biggest Muslim religious festivals – Eid al-Fitr that marks the end of Detail >>

UK market pressure eases after Brexit rout

Pressure has eased on UK financial markets after two days of turmoil in the wake of the Brexit vote, with the FTSE 100 index opening higher. Shortly after trading began, the index was up 2.2% at 6, Detail >>

US attorney in Manhattan starts BB heist probe

The US attorney's office in Manhattan has opened an investigation of the cyber heist of $81 million from Bangladesh Bank's account at the Federal Reserve Bank of New York, a law enforcement source Detail >>

Gold price drops

After raising for two consecutive times, the price of gold has been dropped by Tk 1,516 per bhori (11.664 gram) in the country. Bangladesh Jewellers Samity (BAJUS) said the revised rates will be Detail >>

BB issues master circular to set interest rate for green products

The Bangladesh Bank has issued a master circular on rules and regulations of the Refinancing Scheme for Environment-friendly products and initiative. As per the circular dated March 16, entrepreneurs Detail >>

Philippine central bank ordered to return recovered money to BD

A Philippine regional trial court has ordered the Bangko Sentral ng Pilipinas (BSP) to return to the Bangladesh central bank a recovered portion of the $81 million that was stolen from the bank Detail >>

Italy ‘facing 20 years of economic woe’

The IMF has warned that Italy faces two decades of stagnant economic growth. Its latest report on the country puts growth this year at under 1%, down from its previous 1.1% estimate, and forecasts Detail >>

Asia shares continue global rebound

Stock markets in Asia have started the day with more gains, continuing the positive lead set by the US and Europe. Wall Street and bourses across Europe have been recovering some of the ground since Detail >>

Gold prices in local market go up again

Gold prices in the local market have increased again by around Tk 1,224 per bhori (11.664 grams) after it became costlier in the international market. Bangladesh Jewellers Samity (BAJUS), in a Detail >>

SWIFT fights to restore faith after BB heist

The chief executive of secure messaging system SWIFT said the theft of $81 million from Bangladesh’s central bank, by criminals sending fraudulent payment instructions via SWIFT, would force the Detail >>

SWIFT to unveil new security plan after BB heist

The SWIFT secure messaging service that underpins international banking said it plans to launch a new security programme as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist Detail >>

Gold price falls again

The Bangladesh Jewellers’ Association again has reduced the price chart of different kinds of gold. In a press release, Bangladesh Jewellers` Samity (BJS) said the revised prices will be effective Detail >>

‘Reserve heist report in Aug-Sept’

Finance minister AMA Muhith on Tuesday (August 16) said the report on Bangladesh Bank (BB) reserve heist will be published on any day of August or September this year. The minister disclosed the Detail >>

Tata Steel fears UK sale may be derailed

Fresh concerns have emerged over the future of Tata Steel’s UK assets, which include the huge Port Talbot works. It is understood that the Indian owners of the plant fear that the current UK Detail >>

Banks open July 2-4 in commercial areas

Branches of all the banks in commercial and large shopping mall areas will remain open from July 2 to 4. However, the bank authorities will decide about the certain branches to be kept open. Detail >>

Gold prices hiked

The price of gold has been hiked by Tk 1,226 per bhori (11.664 gram) in the country. Bangladesh Jewellers Samity (BAJUS) said the revised rates will be effective from Saturday Detail >>

Philippines cancels licence of remittance firm

The Philippine central bank said it had revoked the licence of a remittance company that anti-money laundering investigators said was used to transfer some of the $81 million hackers looted from the Detail >>

Gap’s Old Navy to close shops in Japan

US retail company Gap said it was closing all of its Old Navy stores in Japan as part of a global reduction of outlets to save costs. The decision came after Gap reported a 47% drop in first-quarter Detail >>