Bangladesh Bank yesterday suspended the photo norm for high-value Mobile Financial Service (MFS). The central bank has issued a circular yesterday in this regard. According to a circular issued on August 2, a photo of an MFS user has to be stored, if he or she carries out a transaction (cash in or out)…

Industries Minister Amir Hossain Amu yesterday said participatory waste management is a must to ensure sustainable development, reports UNB. “Leaving out the municipal-based traditional waste management, city dwellers, industry owners and local government institutions should work together to manage…

The National Board of Revenue (NBR) has decided to increase the tax base by adding 320,000 new taxpayers in the running fiscal (2015-16), aiming to increase the tax-GDP ratio, reports UNB. Currently the tax-GDP ratio of the country is just over ten per cent.  The corresponding figure is more than…

Stock market gained yesterday, breaking the three-day losing streak that began last week. The price indices recovered on rally in the large cap stocks, reports BSS. The DSEX gained 41.26 points to cross the upper level of psychological barrier and closed at 4809.27. The blue-chip DS30 and Shariah DSES…

A two-day ‘Bangladesh Denim Expo’ will begin in the capital on November 11 next to showcase Bangladesh-made denim and jeans items to the international producers and buyers, reports UNB. About 50 denim-related manufactures and enterprises from 15 countries, including the United States, the…

Oil and gas giant Shell has been granted the final permit it needs to begin drilling below the ocean floor for oil in the Arctic, reports BBC. Shell began work last month, but was allowed to drill just the top sections of two wells, off the coast of Alaska. Environmental campaigners are against the…

BSS/Xinhua, SINGAPORE: Singapore's parliament has approved its attempt to become a founding member of the China-led Asian Infrastructure Investment Bank, Channel NewsAsia (CNA) reported on Monday. With the passing of the Bill, Singapore is set to contribute 250 million U.S. dollars to the Bank,…

Mustafa Anwar, chairman of the board of directors of Islami Bank Bangladesh Limited, was elected chairman of Islamic Banks Consultative Forum (IBCF), says a press release. Also, AKM Nurul Fazal Bulbul, founder director of EXIM Bank Limited, and Badiur Rahman, chairman of Board of Directors of Al-Arafah…

AFP, SINGAPORE: Oil prices slipped further in Asia yesterday, weighed down by a strengthening dollar as concerns about weakening demand in China added to expectations a global oversupply will last for years. US benchmark West Texas Intermediate for September delivery was down 12 cents to $41.75 in afternoon…

AFP, HONG KONG: Asian shares fell yesterday, with Shanghai leading the falls as investors doubted Beijing’s commitment to prop up shares while Bangkok slumped after a bomb attack in the Thai capital. The dollar headed higher against the euro, meanwhile, helped by improving confidence in the US…

AFP, WASHINGTON: Is online giant Amazon a bruising and uncaring workplace or a hub for innovation that pushes its employees to reach their potential? The question was hotly debated Monday after a New York Times report based on interviews with more than 100 current and former employees of the US online…

AFP, SEOUL: South Korea said yesterday it had reached agreement with Pyongyang on a wage hike for North Korean workers at their Kaesong joint economic zone, ending a six-month dispute. The breakthrough came despite inter-Korean tensions going through one of their sporadic surges after the South accused…

PTI, Abu Dhabi: To boost economic ties, the UAE yesterday agreed to increase investments in India to US$ 75 billion (about Rs 5 lakh crore) including through a dedicated infrastructure fund, while the two nations will raise their bilateral trade to nearly $ 100 billion in five years. The two countries…