Bangladesh Bank governor Atiur Rahman yesterday said there is not liquidity crisis in the banking sector and the call money rate now stands at 3-4 per…

The smallholder farmers require more attention from policymakers so they could use their full potential for sustainable development, according to a report of the United Nations Conference on Trade and Development (Unctad), reports BSS. The Unctad’s annual “Commodities and Development Report…

AFP, SINGAPORE: Crude prices extended losses in Asia yesterday after another report showing a further increase in US stockpiles added to fears about a global glut, while the dollar strengthened after the Federal Reserve hiked interest rates. The under-pressure commodity suffered fresh selling on Wednesday…

Stock market closed yesterday slightly positive after breaking the support zone during the week on dull trade, reports BSS. The DSEX of Dhaka Stock Exchange (DSE) finished the week marginally up at 4520.87, but it broke the higher support zone to fall below 4600 points mark. Similarly, the blue-chip…

AFP, COLOMBO: Sri Lanka has agreed to restart Chinese-funded projects worth billions of dollars which were suspended following allegations of corruption, the government's main spokesman said yesterday. President Maithripala Sirisena's government had ordered a review of all big-ticket construction…

AFP, KUWAIT CITY: Kuwait has said it will establish a free economic zone on five islands close to the shorelines of regional heavyweights Iraq and Iran with large investments open to the private sector. The decision was taken by the Gulf state's supreme planning council which met late Wednesday,…

Petromax Refinery Ltd has recently received the national award for “Best Private Sector Organisation" at the Nationat Power and Energy Week…

Oracle Corporation recently announced fiscal 2016 Q2 results, says a press release. The strengthening of the US dollar compared to foreign currencies had a significant impact on results in the quarter. Total Cloud Revenues were $649 million, up 26 per cent in US dollars and up 31 per cent in constant…

AFP, DOHA: Energy-rich Qatar has forecast a budget deficit of more than $12 billion in 2016, citing a sharp drop in oil and gas prices, local media reported Tuesday. The host of the 2022 World Cup said it expected to be short of 46.5 billion riyals ($12.77 billion) next year and that revenues were likely…

Syedur Rahman Mintoo has been elected vice chairman of Pragati Insurance Ltd. The board of directors’ of Pragati Insurance Ltd in its meeting held on Sunday elected him as vice chairman, a press statement said recently.  Prior to the new position, Mintoo was serving the same company as sponsor…

Selina Momen, a professional public affairs and networking expert, has recently joined the Westin Hotels and Resorts as director of public relations and…

AFP, TAIPEI: Taiwan's central bank cut its key interest rate yesterday for the second time in less than three months, in a fresh bid to bolster the sluggish economy battered by weak exports. Taiwan has been struggling to spur growth in its  export-focused economy, which has suffered amid a…

AFP, HONG KONG: Asian stock markets rallied for a second day Thursday and the dollar clocked up advances against most other currencies after the Federal…

AFP, SAN FRANCISCO: Facebook on Wednesday announced an alliance with Uber that lets people summon cars from the ride sharing service using the Messenger smartphone application. The partnership was a major move for both California firms, further expanding Facebook’s stand-alone messaging service…

The disappearance of Fosun chief Guo Guangchang, dubbed China’s Warren Buffett, has stoked fear among captains of industry who thought good behaviour…

AFP, TOKYO: Japan's trade balance narrowed last month but exports fell again, particularly to major market China, official data showed yesterday.…