Project directors (PDs) for various development projects will henceforth be appointed on the basis of direct interviews by the line ministries and divisions to ensure there are greater numbers of skilled officials to run the projects, said planning minister AHM Mustafa Kamal. The minister made this…

AFP, BEIJING: China’s central bank yesterday cut its benchmark interest rates and the amount of cash banks must keep on hand, the latest stimulus aimed at boosting the world’s second-largest economy as it battles a collapse in share prices. The People’s Bank of China (PBoC) announced…

Iqbal Mahmood, a former secretary of telecommunications ministry, has been appointed as the new chairman of the Bangla-desh Telecommunication Regulatory…

Continued sell-off and choppy trading the extending the losing streak of the stock market for the third consecutive day yesterday on choppy trading while…

SNV Netherlands Development Organisation yesterday launched a project named ‘Inclusive Business Models’ which emphasised sexual and reproductive health and rights issues of female garment workers in Bangladesh. Under the project of Working with Women, the organisation will implement the…

The government yesterday signed two separate letters of exchange with China for building a permanent exhibition centre at Purbachal and buying modern medical equipment and appliances, reports BSS. Under one agreement, China will provide Tk 675.70 crore for building the "Bangladesh-China Friendship…

Grameen Bank has been ranked 12th position on Fortune's Change the World List which is the recognition for creating new economic opportunities for those in poverty and bringing unbanked peopled under financial service, says a press release. Fortune announced its inaugural Change the World list,…

Mahindra Comviva, a mobility and financial solutions provider, received Future Digital Awards 2015 for mTicketing service, says a press release. The company won the award in the ‘Digital Ticketing’ category organised by Juniper Research for mTicketing service for Bangladesh Railways. Commenting…

Bata Shoe Company (Bangladesh) Ltd has donated 2,500 pairs of shoes to the poor children of Beguntila, Takerbari, Balurmath and Taleb camp, says press release. Under its CSR programme, Bata Bangladesh jointly organised the event with The Susie Reizod Foundation of United States. Omar Faisal Chowdhury,…

AFP, SHANGHAI: Equity markets convulsed yesterday as Chinese stocks pursued their worst rout in nearly two decades, after concerns of a slowdown in the…

AFP, FRANKFURT: The German economy, Europe’s biggest, stands rock solid in the current stormy global economic seas, with growth picking up, confidence on the rise and its public finances firmly in the black, data showed yesterday. While the slowing Chinese economy triggers panic in the world’s…

AFP, SINGAPORE: Prices of crude oil and most other commodities rebounded in Asia Tuesday but stayed under pressure following a global sell-off sparked…

Even before the recent plunge in commodity and stock markets, the world economy was weak. But recent data from China, Europe, Japan and other countries…