Share prices in the country’s two stock markets plunged further yesterday, extending a downturn to the fourth straight session that began at the last trading day of the past week, reports BSS. Power stocks lost most on the day due to nervy trade during early trading hours, but blue-chip securities…

A deal was signed yesterday between the government and Bangladesh TechnoSity Limited, a consortium of a local and three foreign companies, for much waited Hi-tech park of Kaliakoir under Gazipur district. According to the deal, the consortium will invest around Tk 200 crore ($25.8 million) in the project.…

Expatriates’ Welfare and Overseas Employment Minister Nurul Islam B.Sc yesterday said a mechanism to send workers to Malaysia has not been finalised yet, as discussions are in the primary stage, reports UNB. He requested people interested to go to Malaysia to stay away from advanced financial…

M Jashim Uddin has been re-elected as the president of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) for the session 2015-2016, reports BSS. Giasuddin Ahmed and Golam Kibria have also been re-elected as senior vice president and vice president respectively. Besides, Quazi…

Parliamentary Standing Committee on the Ministry of Posts, Telecommunication and Information Technology yesterday formed a sub-committee for further review the investigation report on loan withdrawn from a project of Bangladesh Telecommuni-cations Company (BTCL), reports BSS. The sub-committee, headed…

AFP, JAKARTA: Indonesia will issue permits to import another 50,000 cattle, the government said, after beef prices soared and butchers went on strike following a decision to dramatically reduce shipments from Australia. Chief Economics Minister Sofyan Djalil announced the increase late Monday, although…

Assistant High Commissioner (AHC) of India Sandip Mitra yesterday said India has been maintaining excellent relations and friendship and playing positive role in expanding bilateral trade and commerce with Bangladesh, BSS reports from Rangpur. “The Indian government wants to further ease the visa…

AFP, VIENNA: OPEC yesterday revised upward its growth forecast for global oil demand in 2015 and maintained projected record levels of world consumption next year, despite turbulent market conditions spurred by financial instability in Greece and China. In its August monthly report, the Organization…

A workshop on electronic Government Procurement (e-GP) was held with a view to strengthen awareness about e-GP and facilitate its adoption among the tenderers and government procuring entities in Sirajganj on Monday, says press release. Central Procurement Technical Unit (CPTU) of Implementation Monitoring…

CAPM Venture Capital and Finance Limited (CVCFL) has received licence of non-bank financial institution (FI), says a press release. The Bangladesh bank has issued a circular on Sunday regarding the issuance of non-bank financial institution license to CVCFL. The central bank has awarded the licence…

Mohammad Abdus Salam has been promoted to general manager of Sadharan Bima Cor-poration, a state owned non-life insurance corporation, says a press release. Before joining this post, he was acting general manager  in Sadharan Bima Corporation. He started his service as assistant manager in the…

Huawei announced offers for the upcoming ‘Smartphone and Tab Expo 2015’ which is scheduled to be held from August 13-15 at the Bangabandhu International Conference Center (BICC) in the capital, says a press release. The Smartphone and Tab Expo is the biggest of its kind and it is attended…

AFP, WASHINGTON: The use of software that blocks online ads is expected to cost websites some $21.8 billion globally in 2015, a study showed on Monday. The study, by software group Adobe and Ireland-based consultancy PageFair, found that the number of Internet users employing ad-blocking software has…

AFP, SHANGHAI: China’s central bank yesterday devalued its yuan currency by nearly two per cent against the US dollar, as authorities seek to push market reforms and bolster the world’s second-largest economy. A cheaper yuan will make Chinese exports cheaper potentially boosting overseas…

AFP, ATHENS: Greece yesterday reached a deal on a multi-billion bailout with its international creditors, officials said, with the government planning to submit it to parliament later in the day. “An agreement was reached,” a government source told AFP, with Finance Minister Euclid Tsakalotos…

AFP, SAN FRANCISCO: Google unveiled a surprise corporate overhaul Monday, forming a new parent company dubbed Alphabet to include Internet search and a handful of independent companies. Google chief executive Larry Page announced the change, saying he would hold the same title at Alphabet, the new holding…