The government has undertaken a plan for running and modernisation of eight closed textile mills under the Bangladesh Textile Mills Corporation (BTMC) on joint venture with local and foreign entrepreneurs, reports BSS. Textiles and Jute Minister Muhammad Imazuddin Pramanik informed this in the House…

The 86th Social Business Design Lab yesterday approved six projects for funding from various social business funds. The programme took place at the Grameen Bank Auditorium in the capital. About 150 participants and observers, from national and international organisations with diverse background attended…

Dhaka Stock Exchange (DSE) extended loss yesterday due to volatile trading that caused fall in majority of issues traded, reports BSS. The broader DSEX index of DSE lost 7.48 points to 4503.98 when the blue-chip DS30 and the Shariah DSES ended flat at 1733.00 and 1099.57 respectively. “Market…

AFP, SINGAPORE: Oil prices edged higher in Asia yesterday but gains were capped as dealers focused on crunch Greek debt talks as well as a possible return of Iranian supplies disrupted by international sanctions, analysts said. US benchmark West Texas Intermediate for July delivery gained five cents…

AFP, DOHA: Qatar’s gas reserves are so vast it can maintain production at current rates for another 138 years, according to an official report published on Sunday. An “Economic Commentary”  from the Qatar National Bank (QNB) said the vast reserves of the tiny Gulf country will…

Road Transport and Bridges Minister Obaidul Quader said the state-run Bangladesh Road Transport Corporation (BRTC) is giving service to passengers and carrying goods across the country with 1,670 buses and trucks, reports BSS. “The government has a plan to import new vehicles,” he said,…

AFP, NEW DELHI: Japan's SoftBank will team up with Taiwan's Foxconn and Bharti Enterprises to invest $20 billion in solar power projects in India, as the country ramps up its clean energy sector, the companies announced yesterday. Mobile phone operator SoftBank said the venture aimed to generate…

The 2nd UK-Bangladesh e-commerce Fair-2015 will be held on September 11-12 in London of the United Kingdom, reports UNB. The ICT Division of the Post, Telecommunication and Information Technology Ministry, Bangladesh Hi-Tech Park Authority and Computer Jagat are jointly organising the fair to be held…

AFP, TOKYO: Japanese automaker Honda yesterday confirmed a new death linked to an exploding air bag crisis—bringing the global total to eight fatalities—that has sparked the recall of millions of vehicles. The company said a woman in Los Angeles died in September last year after the faulty…

AFP, TOKYO: The euro rose against other major currencies yesterday as new reform proposals by Greece fuelled optimism that Athens may be able to clinch a bailout deal with its creditors and avoid defaulting on its debt. The single currency climbed to $1.1396 and 139.87 yen in Tokyo from $1.1349 and…

AFP, PARIS: Shares in leading French telecoms operators soared yesterday, as one of the top players officially launched a takeover bid for a rival that would profoundly shake the sector. The Altice group, owned by acquisition-hungry Franco-Israeli tycoon Patrick Drahi, announced an offer for Bouygues…

AFP, MONTEVIDEO: They buy 10 Porsches a day and travel the world by private jet, toting their Louis Vuitton bags and leaving behind a faint scent of Chanel. They are Latin America’s super-rich, and they are multiplying faster than anywhere in the world, coveted by luxury brands keen to tap their…

Thorntons shares rose more than 42 per cent after Italian chocolate maker Ferrero International made a bid for the firm, reports BBC. The cash offer of 145 pence per share valued Thorntons at around £112million, and represented a premium of around 43 per cent on the closing price on Friday. Thorntons…

Recently HandyMama.co won $15000 worth of investment from Silicon Valley venture capitalist firm Fenox at the founder institute Pitch Night. HandyMama, is a pioneering web and mobile based platform that connects the users with different verified professionals like cleaner, electrician and plumber to…

Bangladesh Bank (BB) has expanded its refinancing scheme for eco-friendly industries known as green projects, including members of two major trade-associations, reports BSS. The central bank in a circular said on Sunday that the members of Bangladesh Plastic Goods Manufacturers and Exporters Association…