Weeks after the signing of an agreement by New Delhi and Dhaka on telecommunication links, Bharat Sanchar Nigam Limited (BSNL) has announced that the work will start this week to operationalise the system, reports UNB. “Information Technology Minister Ravi Shankar Prasad is likely to start work…

Terming Insurance Development and Regulatory Authority (IDRA) the weakest among the financial institutions, Finance Minister AMA Muhith yesterday said there is serious corruption and irregularities in the IDRA, reports UNB. He also observed that the stock market which was earlier a ‘fraud market’…

The euro rose yesterday after Greece’s Finance Minister Yanis Varoufakis announced his shock resignation, just hours after the cash-strapped nation rejected creditors’ austerity demands in a landmark weekend referendum, reports AFP from Tokyo. In Tokyo, the unit fetched $1.1088 from around…

Dhaka stocks booked their third consecutive loss yesterday as pre-festival selling of shares for cashing in continued amidst low level of buying sentiment among investors, reports BSS.   The broader DSEX index of Dhaka Stock Exchange (DSE) ended 9.28 points down at 4526.71, but still closed over…

The Cabinet yesterday finally approved the draft of “The Cox’s Bazar Development Authority Act-2015” with a view to ensure development of the tourist city under a master plan, land zoning and regulate the ongoing hazardous construction activities, reports UNB. The approval was given…

Finance Minister AMA Muhith yesterday introduced the ‘Foreign Exchange Regulation (Amendment) Bill, 2015 in the Jatiya Sangsad for updating the existing law on regulating the purchase and selling of foreign currencies and securities, reports BSS. Placing the bill, he said the ‘Foreign Exchange…

Export Import Bank of Bangladesh Limited gets ACQ Global Award-2015 in the “Bank of the Year” category from UK based international news portal ACQ 5. The bank got the award for its contribution to the socio economic sector in 2014, says a press release.

AFP, FRANKFURT: All eyes were on the European Central Bank yesterday following the resounding ‘No’ in the Greek referendum, with the ECB seen as the only institution capable of calming market panic and preventing the Greek economy from collapsing. In the final tally early yesterday, 61.31…

AFP, HONG KONG:Asian equities fell yesterday after Greece overwhelming rejected further austerity measures, pushing it closer to a eurozone exit, while Shanghai underwent another day of volatility as China introduced a raft of measures to shore up the slumping market Despite growing concerns about Athens’…

The country’s first ever ‘oil museum’ is going to be built in the premier port city Chittagong.  The museum will be housed at a 20-storey building located at 72 Agrabad commercial area in the city. The state-owned oil distribution company Meghna Petroleum Limited (MPL), a subsidiary…

AFP, KUALA LUMPUR: Malaysia’s ringgit hit a 16-year low yesterday on growing political uncertainty following allegations that a probe into a state investment fund found hundreds of millions of dollars were transferred into the prime minister’s personal accounts. The currency dropped 0.8…