Best Holdings Limited and Starwood Asia Pacific Hotels & Resorts Pte Ltd recently signed an agreement to build a second Le Méridien in Bangladesh at Bhaluka near the capital, says a press release. The Le Méridien Resort & Spa Bhaluka is expected to be opened by January 2019, it…

Growth of internet users in Bangladesh witnessed slight negative mark in November, but telecom regulator termed it as usual. In November, the country registered total internet user drop by 7.17 lakh, according to the latest statistics of Bangladesh Telecommunication Regulatory Commission (BTRC). Talking…

After missing several deadlines, the much-talked about bandwidth export to India would now begin in New Year, although Bangladesh is set to start the process now, reports BSS. Bangladesh Submarine Cable Company Limited (BSCCL), which is responsible for managing bandwidth for the country, started trial…

State Minister of ICT Zunaid Ahmed Palak yesterday said that government has a set a goal to earn $1 billion from business process outsourcing BPO by 2021. ‘‘The sector is moving ahead in Bangladesh. The growth rate of BPO in our country is 100 per cent at the moment,” Palak  said…

AFP, SINGAPORE: Oil prices rose yesterday in Asian trading hours as the US and European benchmarks traded at parity after the lifting of a 40-year ban on American crude exports. At 0600 GMT New York's West Texas Intermediate for February delivery was up 32 cents at $36.46 a barrel. London's…

Bangladesh Bank (BB) would introduce a refinancing scheme for providing smaller loans to the low-income and marginal group people through no-frill bank accounts those are known as Taka-10 bank accounts, reports BSS. The central bank has introduced the no-frill bank accounts at a nominal deposit of Taka-10…

AFP, BEIJING: China Southern Airlines announced yesterday it would buy 10 aircraft worth a total $2.27 billion from European aerospace giant Airbus, as a Chinese boom in air travel defies slowing economic growth. The carrier, one of China’s “big three” with the largest fleet by size,…

AFP,TOKYO: Champagne, Melton Mowbray pork pies and Gorgonzola cheese are to be joined by Kobe beef and eye-wateringly expensive Yubari melons as protected products after Japan Tuesday granted them a special status. A total of seven products including Kobe beef and the melons from the northern of island…

Stock markets saw marginal loss on yesterday that broke the past two sessions' gaining streak while investors were busy in profit booking, reports BSS. The broader DSEX index of Dhaka Stock Exchange (DSE), which closed last session near 4600 points mark, finished marginally lower at 4588.74 yesterday…

AFP, LONDON: Energy major Royal Dutch Shell said Tuesday it was aiming to complete its takeover of smaller rival BG Group on February 15 next year. The £55-billion deal announced in April has already been cleared by authorities in Australia and Brazil, as well as the European Commission. The two…

Bangladesh Bank (BB) signed separate agreements with six more private banks yesterday to facilitate long-term financing under the World Bank funded Financial Sector Support Project (FSSP), says a press release. Under the agreements, the six banks - Dutch Bangla Bank Limited, IFIC Bank Limited, South…

AFP, TOKYO: It was an irresistible promise: elect me, I’ll bring back Japan’s once-soaring economy and restore its battered national pride.…

AFP, AUCKLAND: Internet mogul Kim Dotcom vowed to fight a New Zealand court ruling yesterday that he can be extradited to the United States where he is…

AFP, NUUK: As the world struggles to limit climate change, some people in Greenland hope to cash in on rising temperatures with new species to fish, innovative…