Tag: May 2022
Sri Lanka Announced Defaulting On All Its External Debt Officially
Eventually, Sri Lanka became a defaulter. In the wake of the unprecedented economic crisis, the Sri Lankan government announced in the month of April...
Bank Asia Has Been Awarded Certificate of Appreciation by Bangladesh Bank
Bangladesh Bank has awarded Bank Asia a ‘Certificate of Appreciation for its significant disbursement of stimulus loan under a special refinancing scheme of Tk....
Bangladeshi Entrepreneur Built Maldives’s First Agricultural School
Ahmed Mottaki, a Bangladeshi entrepreneur, has established the Maldives' first "School of Agriculture" at MI College, an international educational institution. This is the Maldives'...
McDonald’s Permanently Exiting in Russia
America's fast-food behemoth McDonald's began selling its hundreds of outlets in Russia, joining a growing list of Western corporations abandoning the Russian market due...
New Sri Lanka PM Selling Airlines
Sri Lanka's new administration intends to sell the national airline to reduce losses for stabilizing the country's finances, even though the government is compelled...
HSBC to Provide $1bn Loan to Women Entrepreneurs
HSBC Holdings, the most extensive banking and financial services institution globally, is bringing investment benefits to women entrepreneurs. The company has recently announced a...
Rumee A Hossain Re-elected as Board Executive Committee Chairman of Bank...
Mr. Rumee A Hossain has been re-elected as the Chairman of the Executive Committee of the Board of Directors of Bank Asia Limited in...
Reliance To Purchase Dozens of Brands For $6.5bn
Reliance, India's largest retailer, plans to buy a few brands of non-food products, including dozens of grocery stores, soon. The company plans to open...
Alibaba Laid Off 40% Russian workers
Alibaba Group has laid off 40 percent of its workers as the Ukraine crisis has disrupted cross-border trade. In addition, AliExpress, a joint venture...
Toyota Suspending Production at Eight Factories in Japan
Toyota is suspending 14 production lines at eight factories in Japan. The prolonged COVID-19 lockdown in Shanghai, China, has made it difficult for the...