Bangladesh Bank (BB) Governor Atiur Rahman yesterday asked banks to bring down their default loans to a tolerable level soon, reports BSS. “We need to continue our sincere efforts so the default loans would come down to a tolerable level soon”, he told a programme where high BB officials…

The Export Promotion Bureau (EPB) has set the export target at US$ 33.5 billion for fiscal year 2015-16, reports BSS. Announcing the export target after a meeting here today, commerce minister Tofail Ahmed said the export target has been set with a growth of 7.38 per cent. “The export target is…

AirAsia, a Malaysia-based low-cost airliner, yesterday announ-ced a 20 per cent discount on fares of all flights on Dhaka- Kuala Lumpur-Dhaka route. This special offer, which is valid for two weeks, is available in anticipation of the 300 million guests flown milestone. Sadi Abdullah, managing director…

Stock market returned to negative territory yesterday after showing ceaseless strength in the past nine consecutive trading sessions when daily transactions and prices indices were strong, reports BSS. The broader DSEX price index of Dhaka Stock Exchange (DSE) lost nearly 22 points to come below the…

Publishing company Pearson has confirmed plans to sell its 50 per cent stake in the Economist Group, reports BBC. The statement from the firm came just days after it announced the sale of the Financial Times to Japan's Nikkei. Pearson said it was in discussions regarding the sale of the Economist…

The Indian government has sanctioned around Rs.1,000 crore for a 15-km India-Bangladesh railway project, an official said yesterday, reports IANS from Agartala. The union government on Saturday communicated to Tripura that it had sanctioned Rs 580 crore to lay the rail tracks and acquire required land…

Many of Spain’s five million unemployed dream of finding a steady job in the economic recovery vaunted by the government—but a legion of undeclared workers still scrape by cash-in-hand, reports AFP from Madrid. “Nowadays the phrase ‘steady job’ means nothing in Spain,”…

Proshanta Kumar Halder has recently joined NRB Global Bank Limited as managing director, says a press release.   Prior to the appointment, he was serving as managing director of Reliance Finance Ltd. Halder graduated from Bangladesh University of Engineering and Technology (BUET) and Completed…

 ‘Kolpokoushol’, a knowledge initiative by Massachusetts Institute of Technology (MIT) students and alumni, was announced yesterday at a programme held at Pan Pacific Sonargaon in the capital. The programme is jointly organised by Standard Chartered Bank and Toru, the idea tree and…

AFP, WASHINGTON: Higher costs for needed generic drugs. Longer copyright protections than the global standard. Foreign investors empowered to overrule governments. A more tightly-regulated Internet. Those are just some of the potential pitfalls from any deal that could emerge from the Trans-Pacific…

AFP, TOKYO: Toshiba’s billion-dollar accounting scandal has shone a light on a corporate culture in Japan still beset by collusion in its senior ranks, unquestioning employees and poor external controls, experts say. The vast 140-year-old conglomerate was hammered this week by embarrassing revelations…

AFP, JAKARTA: Container ships dot the horizon off the coast of Jakarta, as cranes and labourers work on an ambitious, economy-boosting project to expand the port network in the world’s largest archipelago nation. New Priok will be Indonesia’s biggest port once completed, and is one of 24…

Meet the next generation of the GoPro action camera. It’s called the Hero 4 Session and it is 50 per cent smaller and 40 per cent lighter than GoPro’s flagship Hero 4 Black. Now, you may ask how tiny it is. The Session is the size of an ice cube. It’s also waterproof, so you won’t…