The government will make packaging essentials with jute bags compulsory to implement the ‘Mandatory Jute Packaging Act-2010’ from October 25, reports BSS. “The authorities con-cerned will ensure use of jute bags for packaging essential commodities like paddy, rice, wheat, maize, fertiliser…

The government is set to prepare the final draft of strategy for installing the Liquid Natural Gas (LNG) terminal at Moheshkhali in consultation with Excelerate Energy (EE), reports BSS. “Petrobangla has accumulated recommendations through appointed lawyer and consultant for signing the final…

Dhaka Chamber of Commerce and Industry (DCCI) yesterday said  the killing of two foreign nationals might have an adverse impact on foreign direct investment (FDI) inflow as well as export, reports UNB. With the government’s constructive initiatives, the DCCI thinks, Bangladesh’s export…

Facebook is to launch a satellite that will provide internet access to remote parts of Africa, the social network’s founder Mark Zuckerberg has announced reports BBC yesterday. In partnership with French-based provider Eutelsat, Facebook hope the first satellite will be launched in 2016. “We’re…

Industries minister Amir Hossain Amu welcomed the Danish entrepreneurs and investors to join hands in Bangladesh's road map towards green industrialisation, reports BSS. During the first day of his visit to Denmark at the invitation of Danish Minister of Employment, Jørn Neergaard Larsen,…

Stock market maintained upward trend, with the daily transaction rising steadily and investors taking short-term position mostly in financial stocks, reports BSS. The broader DSEX and the blue-chip DS30 closed the day nearly flat at 4833.34 and 1842.87 respectively when the Shariah DSES ended in red…

Bangladeshi-origin British young entrepreneur Sabirul Islam, also founder of Inspire 1Million, will develop ‘Teen-Trepreneur Fusion,’ a pocket empire gaming app  for IOS and Android Platforms, in Bangladesh, reports UNB. To create the teen-trepreneur fusion gaming app, the world renowned…

The first ever Bangladesh-Spain multilateral partnership meeting was held in the capital yesterday, says a press release. In the first day of the two-day long multilateral partnership meeting raised the bar of expectations since it was a fantastic combination of solidarity and cooperation. State Minister…

Centre for Zakat Management (CZM), an organisation involved in collection and distribution of Zakat and Sadaqua funds, has received Islamic Economy Award, reports UNB. On behalf of CZM, Niaz Rahim received the award from Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the …

AFP, BEIJING: China’s yuan has overtaken the Japanese yen and moved into fourth place among the world’s payments currencies, global transactions organisation SWIFT said Tuesday, as Beijing pushes greater international use of its currency. The yuan—also known as the renminbi—held…

The fifth CSE Capital Market Fair 2015 will begin from tomorrow (October 8) at GEC Convention Centre in the city. The aim of the two-day fair is to exchange capital market related information, Wali-ul-Maruf Matin, managing director of the CSE, said this while addressing a press conference on the fair.…

Taiwan's troubled smartphone maker HTC has reported a net loss of 4.48bn new Taiwan dollars ($137.63m; £90.8m) for the three months to September, reports BBC. The figure compares to a net profit of about 600m New Taiwan dollars for the same period a year earlier. The one-time market leader…

Oil giant BP has agreed to pay $20bn (£13.2bn) to settle claims with the US stemming from the company's Deepwater Horizon oil spill, reports BBC. An explosion on BP's deep-water drill, off the coast of Louisiana in 2010 killed 11 workers. Millions of barrels of oil were spilled into the…

AFP, HONG KONG: Agreement on a Pacific-wide free-trade agreement and hopes major central banks will maintain extra-loose monetary policies fired another…

AFP, TOKYO: Toyota yesterday unveiled a car that can drive itself along a highway, the latest foray by a major manufacturer into the world of automated…

A pact that helped the tech giants and others send personal data from the EU to the US has been ruled invalid. The European Court of Justice said that…

Technological innovation plays an important role in accelerating the growth of the global economy. But it is just as important as having passionate people…