Onion price soars to Tk 60 a kg in Dhaka

The price of onions has soared by Tk 20 per kg in a week in the capital. Sellers are attributing the sudden spurt in price on the incessant rain and high…

Forex reserves hit record $25.46b

Bangladesh's foreign exchange reserves hit a record $25.46 billion at the end of July, the central bank said yesterday, fuelled by steady exports and remittances, reports The Economic Times quoting Reuters. The slower pace of import growth, on the back of a fall in global commodities prices, also…

$1.38b remittance received in July

Expatriate Bangladeshis have sent US$ 1.387 billion remittances in the first month (July) of the current fiscal year, 2015-16, reports BSS. Latest data of Bangladesh Bank (BB) shows the amount is slightly less as compared to the inflow in the same month last fiscal. In July of FY15 remittance inflow…

Mobile, internet subscribers rise significantly in 13 months

The number of mobile, internet subscribers increased significantly during June 2014 and June 2015. According to Bangladesh telecommunication Regulatory Commission data, the number of mobile subscribers increased to 126.866 million in June from was 116.553 million in June 2014. Also the number…

IDCOL inks R&D deal with five organisations

Infrastructure Development Company Limited (IDCOL), a state-owned financial Institution, yesterday signed agreements with five different organisations at its headquarters in Karwanbazaar for R&D activities relating to renewable energy. Mahmood Malik, chief executive officer of IDCOL, Md. Enamul…

Golam Fakhruddin new BTCL MD

Golam Fakhruddin Ahmed Chowdhury took the charge of new managing director of Bangladesh Telecommu-nications Company Limited (BTCL) on Sunday. Golam Fakhruddin, additional secretary and member of BCS Telecom, completed BSC Engineering degree from BUET in 1983. He also obtained MBA from University of…

ECNEC likely to approve dedicated exhibition centre at Purbachal

The government is finally going to construct a dedicated exhibition centre at Purbachal new town to host specialized trade fairs, since nearly five and a half years have elapsed due to unavailability of suitable land for constructing this center, reports UNB. The Executive Committee of the National…

Asia stocks mostly down as China manufacturing slows

AFP, HONG KONG: Asian markets fell yesterday as China shares were dragged down by poor manufacturing figures and investors followed a drop on Wall Street. A private survey of Chinese manufacturing activity showed a decline to a two-year low in July, suggesting the world’s second largest economy…

55pc telcos invest in data-driven marketing operations: Study

Nearly 55 per cent telecom operators in all regions across the globe have invested in data-driven marketing operations aiming at improve customer engagement. Besides, over 80 per cent of telecom operators face data integration as a core challenge, owing to the intensive and expensive process of collating…

India factory output climbs to six-month high

AFP, MUMBAI: India's factory output climbed to a six-month high in July on strong demand, a survey showed yesterday, easing pressure on the central bank to cut rates when it meets this week. Japanese media group Nikkei said its purchasing managers index (PMI), formerly carried out by banking giant…

German car makers to buy Nokia�s mapping

AFP, FRANKFURT: German car makers BMW, Audi and Mercedes-Benz have teamed up to buy digital mapping service HERE for 2.8 billion euros ($3.1 billion) from Nokia, the Finnish telecoms group said yesterday. The sale "should be concluded in the first quarter of 2016," Nokia said in a statement,…

Bikroy.com joins �HeForShe� movement

Bikroy.com, one of the leading online market places in the country, has joined the HeForShe movement to promote gender equality in the workplace, says a press release. HeForShe is a solidarity movement for gender equality developed by UN Women to engage men and boys as advocates and agents of…

HSBC Q2 profits fall 3.8pc

AFP, HONG KON: HSBC yesterday announced that net profit fell 3.8 per cent in the three months to June, as the company agreed to sell its Brazilian business for $5.2 billion to Brazil's Banco Bradesco. Europe's biggest bank announced in June that it would cut its global workforce by up to 50,000…

China manufacturing plunges to two-year low

AFP, BEIJING: A key gauge of Chinese manufacturing activity plunged to a two-year low in July, an independent survey showed yesterday, the latest data suggesting the world’s second-largest economy faces downward pressure in the third quarter. The final reading of Caixin’s Purchasing Managers’…

Apple pushed down to 3rd in China smartphone market

AFP, SHANGHAI: Two Chinese smartphone makers pushed US technology giant Apple into third place in the world’s biggest market in the second quarter, an independent analyst firm said Monday. Upstart Xiaomi, known for delivering high-performance products at cheap prices, was the largest smartphone…

Greek stocks plunge around 20pc as bourse reopens

AFP, ATHENS: Greece’s stock exchange reopened yesterday with a drop of more than 22 percent after a five-week shutdown imposed by the country’s debt crisis and capital controls, with the nation’s outflow-hit lenders leading the way. The ATHEX plunged to 615.72 points a few minutes…

Adriatic oil, gas exploration raises concerns for Croatia tourism

AFP, NJIVICE: As Croatia gears up for exploration of oil and gas in the Adriatic sea, green groups have raised concerns about the environment and economy of the tourism-dependant country’s islands and pristine coastline. The government in September is set to sign contracts with two energy groups…