Dhaka: The central bank of Bangladesh has formed a task force aimed at reforming the struggling banking sector in the South Asian country.

The Bangladesh Bank (BB) on Wednesday issued a notification regarding the formation of a six-member task force …

Colombo: Three international banking corporations are in discussions to establish offshore operations in Sri Lanka’s Colombo Port City, according to a press release from CHEC Port City Colombo (Pvt) Ltd. on Wednesday.

The company noted that discussio…

Riyadh: Chinese Premier Li Qiang on Wednesday urged Saudi companies to deepen their involvement in the Chinese market, and invest with greater confidence.

Li made the remarks in a meeting with representatives of the Saudi business community including…

Frankfurt: A leading trade fair for the aftermarket sector of the auto industry, Automechanika, kicked off on Tuesday, highlighting electrification and sustainability.

The fair, which encompasses the entire value chain of the automotive aftermarket, …

Nairobi: The United Nations High Commissioner for Refugees (UNHCR) on Wednesday issued an appeal for 21.4 million U.S. dollars to support 9.9 million forcibly displaced people and host communities across 35 African countries.

The UN refugee agency sa…

Riyadh: Chinese Premier Li Qiang on Wednesday called on China and the Gulf Cooperation Council (GCC) countries to strengthen the alignment of their development strategies and speed up the free trade agreement negotiations process.

Li made the remarks…

Myanmar authorities have seized over one ton of ICE (methamphetamine) in eastern Myanmar’s Shan state, the state-run daily The Mirror reported on Wednesday, citing the Central Committee for Drug Abuse Control.

Acting on a tip-off, anti-narcotics pol…

Juba: Nearly 800,000 refugees who have fled conflict in Sudan are facing hunger and diseases in South Sudan amid a lack of humanitarian funding and soaring cost of food, a global charity warned Wednesday.

Save the Children said about 794,000 refugees…