The implementation status of the Annual Development Programme (ADP), including that of self-financed projects, during the first five months (July-Nov) of the current fiscal year reached 17 per cent with an overall expenditure of Tk 16,957 crore, reports UNB. The implementation rate is, however, three…

The country’s general point-to-point inflation rate recorded a downward trend, as it fell to 6.05 per cent in November from 6.19 per cent in October, with both food and non-food inflation rates witnessing a downtrend. “The general point-to-point inflation rate in November further eased to…

Bangladeshi GDP will grow by more than 6.5 per cent in 2015 and 2016 helped by accommodative monetary policy and expansionary fiscal policy, according to a forecast by UK-based banking giant HSBC. The HSBC Trade Forecast report also expects exports to average growth of 10.6 per cent from 2017-20, helped…

State-owned Coal Power Generation Company Bangladesh Limited (CPGCBL) yesterday signed a memorandum of understanding (MoU) with Singaporean company Sembcorp to build a 700MW power plant at Matarbari in Cox’s Bazar today (09/12/15). Tan Chen Guang, executive vice president and head, group business…

AFP, LONDON: Oil prices crept higher yesterday but still struggled near multi-year lows as analysts warned the weakness will continue past next year. The gains come ahead of a report later in the day on US crude inventories, with expectations of a further build-up in the already saturated market. A…

Stock closed flat yesterday amid dull trade when all the market indicators finished lower. With the day’s downward close, the market extended the falling trend to the third consecutive session, reports BSS. Like previous few sessions, majority of the issues traded incurred loss despite increase…

AFP, WASHINGTON: The United States launched a WTO challenge to China’s aircraft taxation on Tuesday, accusing Beijing of discriminating against foreign-made airplanes in breach of global trade rules. President Barack Obama’s administration said Beijing’s exemption of certain airplanes…

Environment, energy and waste management experts at a workshop in Dhaka, yesterday laid emphasis on formulating a separate policy for promoting green products and creating green jobs to flourish environment friendly eco-tourism in the country, reports BSS. “Tax holiday should be imposed on energy…

AFP, LONDON: European stocks fell yesterday with miner Anglo American striking new historic lows as it languished at the centre of a global “commodity storm”, dealers said. Markets had opened with slender gains after the previous day’s heavy commodity-fuelled losses, but stumbled once…

AFP,  WASHINGTON: The International Monetary Fund on Tuesday changed a rule that would have blocked its financial aid program to Ukraine in the event the country defaulted on debt owed to Russia. The move—which drew an angry response from Moscow—comes as cash-short Ukraine faces a looming…

Bangladesh Bank Adarsha High School has recently signed an agreement to use FSIBL FirstPay SureCash mobile banking services, says a press release. Mostafa Kamal, headmaster of the school, Mohammad Mostafa, Motijheel branch operation manager of First Security Islami Bank, and Shafiqul Islam, manager…

AFP, SAN FRANCISCO: Yahoo has abandoned plans to spin off its large stake in Chinese online giant Alibaba, CNBC television reported Tuesday, citing unnamed sources. The report said Yahoo had changed its position in light of uncertainly about the possible tax consequences of the transaction—a complex…

AFP, DATONG: Coated in thick black dust, hundreds of miners emerge after another shift gouging out the coal that fuelled China’s boom and its choking…

AFP, YANGON: Myanmar officially launched its first modern stock exchange yesterday, but without a single stock to trade until next year, as the nation’s latest drive for economic revitalisation struggles to take flight. Aung San Suu Kyi’s pro-democracy party swept elections last month, boosting…

AFP, GUWAHATI: The ancient root bridges spanning the rivers of the remote northeast are some of India’s most iconic images, symbolising a slower…

The US clothing billionaire Douglas Tompkins has died in a kayaking accident in southern Chile, aged 72, reports BBC. ­­The North Face and Esprit…