PwC India has launched subsidiary in Bangladesh to globally increase the footprint of PricewaterhouseCoopers (PwC), the leading professional services firm in the world. This initiative will give PwC an opportunity to partner Bangladesh in its growth journey by offering services in areas of advisory…

Over 4.14 lakh people went abroad with overseas employment after getting approval of the Bureau of Manpower, Employment and Training (BMET) in last 10 months since January this year, reports BSS. A meeting of the Parliamentary Standing Committee on Expatriate Welfare and Overseas Employment yesterday…

The broader price index at Dhaka Stock Exchange (DSE) dropped below 4,600 points mark again on lackluster trade that also caused price fall across the board, reports BSS. DSEX lost over 41 points to close the third session of the week at 4,589.33, the lowest since July 8 last when the general indicator…

The government is going to launch infrastructure development project for Payra Deep Seaport with the aim of running its activities on a limited scale, reports BSS. “The physical infrastructural development is expected to facilitate the unloading activities initially at Payra Deep Seaport planned…

Aiming to expand e-Krishi (e-agriculture) in rural areas, the government has taken an initiative to set up 254 ICT-driven Agriculture Information and Communication Centres (AICCs) in 254 upazilas of the country for disseminating agricultural information among farmers, officials said, reports UNB. They…

AFP, KUWAIT CITY: Kuwait’s ruler called yesterday on officials in the oil-rich state to seek alternative revenue sources and reduce public expenditure…

AFP, WASHINGTON: US President Barack Obama won Indonesia’s endorsement for a contentious trans-Pacific trade deal Monday, with the president of Southeast Asia’s largest economy vowing to join. During a meeting with Obama at the White House, Joko Widodo risked the ire of economic nationalists…

ADP, LONDON: BP profits collapsed in the third quarter as oil prices halved on back of the stubborn global supply glut, the British energy giant said yesterday. The London-listed energy major, which was ravaged by the catastrophic 2010 Gulf of Mexico oil spill, added it would cut investment further…

AFP, SHANGHAI: Transactions on the platforms of Chinese e-commerce giant Alibaba surged 28 per cent in the September quarter, the company said yesterday, despite slowing growth in the world’s second-largest economy. Alibaba’s closely-watched gross merchandise volume (GMV) -- a measure of…

AFP, SAN FRANCISCO: Wal-Mart is actively looking at the possibility of using drones to make deliveries to US customers, a spokesman said Monday, following the lead of Amazon and other retailers. The retail behemoth has been testing the technology indoors “for several months” and on Monday…

Emirates have recently signed a new codeshare and lounge agreement with Alaska Airlines, says a press release. Emirates will begin marketing up to 300 daily Alaska Airlines flights, pending US government approval. The agreement will allow customers to purchase connecting flights on both airlines under…

AFP, FRANKFURT: There are “no taboos” for the European Central Bank when it comes to finding ways to push up the chronically low level of…

Dhaka-based ME SOLshare Ltd. provides improved electricity access to low-income people living in rural Bangladesh. Through an e-interview, Sebastian Groh, the current director of SOLshare, told us about this great initiative to help Bangladesh achieve affordable electricity. Here are his responses:…

AFP, BEIJING: Economic malaise and the spectre of intractable pollution confronted China’s Communist leaders Monday as official media reported they…

Indian budget airline IndiGo plans to conduct an initial share offering this week as it seeks to raise as much as 32.68bn rupees ($500m; £325.6m),…