The first ever mini-grid solar power plant of Souro Bangla Ltd was launched in Narsingdi yesterday. Ambassador of Germany to Bangladesh Thomas Prinz inaugurated the solar power plant as the chief guest. He applauded this as an extra-ordinary venture and said Souro Bangla, a local private company, has…

Bangladesh has asked Singapore to consider Bangladesh as a preferred destination for relocation of its manufacturing industries due to growing domestic demand of consumer goods because every year around 20 lakh people are being added to the middle-income class. Foreign Secretary Shahidul Haque made…

Ifad Autos Ltd is going to manufacture bodies for Ashok Leyland AC and non AC buses. The new air-conditioned luxury and corporate buses will be available…

The country’s foreign currency reserves yesterday hit a new record crossing a US$ 27-billion mark, reports BSS Earlier on August 17 the foreign exchange reserve crossed $26 billion mark for the first time in the country’s history. The current reserve in Bangladesh is the second highest among…

AFP, TOKYO: The dollar rallied yesterday after the Federal Reserve gave an upbeat outlook for the US economy and put a December interest rate rise on the table, while the yen rose on positive Japanese data that tempered talk of fresh central bank stimulus. The won dropped 1.01 per cent against the dollar…

Stock market ended week yesterday with extending loss due to mixed economic data, lower than expected quarterly earnings reports and buyers' cautious move in making fresh investment, reports BSS. The benchmark index of Dhaka Stock Exchange (DSE) lost 83.19 points during the week amidst selling frenzy…

AFP, SEOUL: South Korea’s Samsung Electronics pulled out of an extended earnings dive yesterday, reporting a nearly 30 per cent surge in third-quarter net profit and announcing a $10 billion share buyback. Favourable exchange rates and a renewed focus on components were behind the profit jump,…

AFP, WASHINGTON: Global smartphone sales gained in the third quarter as major vendors ramped up special deals and financing to attract buyers, a survey showed on Wednesday. A survey by IDC showed global smartphone sales of 355.2 million in the July-September period, up 6.8 per cent from a year ago and…

AFP, TOKYO: Two of Japan’s biggest electronics giants booked soaring profits yesterday in a sign that efforts to fix their tattered balance sheets were finally paying off. Sony kicked off the upbeat news by reporting a six-month net profit of almost $1.0 billion, crediting its PlayStation video…

AFP, SINGAPORE: Oil prices tumbled in Asia yesterday, cutting short a rally the day before after hints of an interest rate hike in December by the US Federal Reserve boosted the dollar. Prices rose Wednesday after the US Department of Energy said the country’s commercial crude stockpiles had increased…

AFP, TOKYO: Shares in Japanese videogame giant Nintendo plunged as much as 10 per cent yesterday, weighing on Tokyo’s broad-based Topix index, after saying it would delay the rollout of a smartphone game seen as crucial to its future. The Kyoto-based firm’s new president Tatsumi Kimishima…

Indian Prime Minister Narendra Modi has announced $600m (£393m) in assistance for development projects in Africa at a major summit in Delhi, reports…

Google believes it is on course to have enough internet-beaming balloons in the stratosphere to form a ring over part of the world next year, reports…

AFP, BEIJING: China inked a giant aircraft contract with European manufacturer Airbus yesterday as German Chancellor Angela Merkel began a visit, with …

AFP, COLOMBO: To honeymooners lounging on its sparkling sands, the Maldives may appear the closest thing to paradise on earth. But away from the beaches,…