Prime Minister Sheikh Hasina yesterday said Bangladesh would welcome Spanish investors in the Specialized Economic Zones (SEZs) being set up in various parts of the country to expedite employment generation and economic growth, reports BSS. Spain can invest in various sectors of Bangladesh particularly…

Bangladesh and the North American Nation of Mexico have agreed to begin foreign office level consultation between the two countries to discuss all the aspects of the bilateral relations. The first consultation will be held in Dhaka. A memorundum of understanding (MoU) was signed in this regard at the…

Bangladesh Bank (BB) yesterday cut the interest rate to 11 per cent from the existing 12.0 percent on the bank loans for onion import, reports BSS. The lower rate will remain effective till December 31, a BB circular said yesterday. Onion became dearer on the market due to supply shortfall and higher…

Bharti Airtel on Wednesday announced its deal to buy 100 per cent equity stake in Augere Wireless Broadband India, reports Telecom Lead. The Indian telecom service provider did not share financial details of the deal. Augere Wireless, which earlier tied up with telecom network vendor Ericsson for launching…

The Palli Sanchay Bank (rural savings bank) is finally set to get off the ground, reports BSS. “The activities of the bank would begin in two months,” Chairman of the bank Mihir Kanti Majumder told the news agency. He said initially the bank would keep its services limited to the members…

Civil Aviation and Tourism Minister Rashed Khan Menon yesterday sought foreign investment in the tourism sector to help grow the sector further with an…

AFP, MANILA: Philippine economic growth quickened in the second quarter, the government said Thursday, placing the country  in a better position…

AFP, NEW YORK: US seed giant Monsanto dropped its campaign to acquire Syngenta on Wednesday, ending hopes to add a Swiss pesticides giant it had seen as key to expanding its global reach. Monsanto said it had no choice but to pull the plug on the proposed deal after Syngenta refused to entertain repeated…

Chief Technology Office (CTO) Forum Bangladesh and Bangladesh Institute of Bank Management (BIBM) in association with Visa yesterday organised a seminar on “IT Security and Fraud Detection – Securing the Digital Payments in Bangladesh”in the capital. The seminar was inaugurated by…

Sayeeful Islam, managing director of Concorde Garments Group, has been elected chairman of the board of trustees of The Duke of Edinburgh’s Award Foundation Bangladesh, says a press release He will now work as National Chairman of National Award Authority Bangladesh under The Duke of Edinburgh’s…

Tap Tap Ants: Battlefield, an arcade game, from Bangladesh has been nominated to enter the next round of the 2015 World Summit Award (WSA), says a press release. Tap Tap Ants is a fast paced action game with exciting combos of two different game modes—survival and war and different challenging…

AFP, SHANGHAI: Stocks followed Wall Street higher yesterday, with Shanghai surging after days of wild swings, but dealers cautioned that the spectre of…

One of the most senior figures at the Indian giant, Tata Group, has said that its major businesses in the UK gain from membership of the European Union, reports BBC. Tata Sons Group executive council member Nirmalya Kumar told the BBC that access to the single market made trade easier with the rest…

Oracle provides complete cloud solutions which help companies drive innovation and business transformation. Ahsan Javed, country managing director for…

AFP, KIEV: Ukraine said yesterday it had reached a crucial debt restructuring deal that will see lenders accept a 20-per cent write-down and keep global…