The Netherlands has extended its support for ensuring a ‘fair and true’ price for Bangladeshi readymade garments as Bangladesh has made a significant progress in transforming the sector that involves huge costs, reports UNB. “This is of course a very sensitive discussion… but…

UN’s labour agency has adopted a landmark international labour standard to help millions of workers and economic units across the world make successful transition from informal to formal economies, reports PTI from Geneva. The recommendation was adopted with a thumping majority of 484 votes at…

Bangladesh Garment Manu-facturers and Exporters Association (BGMEA) has proposed establishing around 1,000 retail stores in various Indian cities to display and sell their products, reports UNB. The BGMEA also wants to invest approximately US$ 25 million in India for setting up a warehouse and distribution…

The government is planning to enact cyber security law to ensure security of the government services and protect its own IT system, reports BSS. Disclosing this at the concluding day’s session of the 7-day training on “Information Security- Business Continuity and Service Management”…

AFP, MUMBAI: Indian billionaire Anil Agarwal, owner of London-listed conglomerate Vedanta Resources, announced yesterday plans to merge his cash-rich energy company with his struggling resources arm, a move aimed at streamlining debt. Shareholders in Cairn India, India’s top private oil producer,…

Xinhua, YANGON: Myanmar's finance authorities, together with bankers and traders, are seeking measures to restore exchange rate stability in wake of US dollar's surge against Myanmar kyat. Ways to mitigate exchange rate volatility which has triggered difficulties in the country's trading…

AFP, ISMAILIYA:  Egypt will inaugurate a “new Suez canal” shipping route in August aimed at speeding up traffic along the existing waterway and boosting revenues, officials said Saturday. Dubbed the Suez Canal Axis, the new 72-kilometre (45 mile) project will run part of the way alongside…

The 3G-enabled multi-expert ‘Walpad Pro’ tab of Walton, featured with Windows 8.1 operating system and also updatable to Windows 10 operating system, was launched last month, says a press release. The successful introduction of Walpad Pro in the Bangladesh tab market has paved the way for…

Mustafa Anwar has been elected chairman of Islami Bank Bangladesh Limited in a meeting of the board of directors of the bank on Saturday, says a press release. The meeting also elected Yousif Abdullah Al-Rajhi and NRM Borhan Uddin as vice chairmen of the bank. Anwar, one of the sponsors of the bank,…

Abdul Aziz has been promoted as deputy managing director of First Secu-rity Islami Bank Ltd, says a press release. Prior to this appointment, he was serving as senior executive vice president (SEVP) of the bank.  Aziz joined First Security Islami Bank Ltd as senior assistant vice president (SAVP)…

MasterCard on Saturday announced the launch of new lifestyle and dining offers ahead of the holy month of Ramzan. The campaign will run throughout the month of Ramzan, and aims to promote the use of MasterCard debit and credit cards by rewarding the cardholders at their favourite lifestyle and dining…

Liakat Hossain Moral and Afzal Karim recently joined Bangladesh Krishi Bank as general manager, says a press release. Prior to this promotion, Liakat Hossain was the chief regional manager of Dhaka division of the bank while Afzal Karim was serving as deputy general manager in House Building Finance…

AFP, BRUSSELS: Greek and EU-IMF negotiators were locked in last-chance talks yesterday to avert a default by Athens that could pave the way for a catastrophic exit by Greece from the euro and sow economic chaos in Europe. Greece’s embattled premier Alexis Tsipras warned his nation on Saturday…

AFP, MUMBAI: India’s ultra-competitive app-based taxi-hailing market has quickly become a multi-billion-dollar industry, but controversy surrounding safety, rejected licences and protesting cabbies threatens to slam the brakes on its spectacular rise. Domestic company Ola Cabs and US-based Uber…

AFP, TOKYO:  A new music streaming service in Japan is aiming to make a dent in the world’s second-largest music market, but it could face a tough challenge from the undisputed king of the sector—the good old compact disc. While digital music now eclipses CD sales in the United States,…

Microsoft hosted their first ever meet up of Windows Women in Microsoft’s office, Gulshan.  They chose two from every university and they had the opportunity to become Microsoft Brand Ambassador that is the representatives for the university. By joining the windows team, these women will…