The Cabinet’s Economic Affairs Committee yesterday approved three proposals including a contract with Power Pac PPMKPPL JV for developing the Mongla Economic Zone, reports UNB. Power Pac PPMKPPL JV is a sister concern of local Sikder Group, which already signed an initial agreement in August last…

The Second Bangladesh Trade and Business Fair is commencing at the Bhrikutimandap Exhibition Hall in Kathmandu from January 21 to 25. The trade fair is being organised with the goal of expanding trade and promoting investment between Nepal and Bangladesh. The trade fair being held by the Embassy of…

The government will take initiative to build smart city, State minister for Posts and Telecommunications Division Tarana Halim said. “We want to build smart city in Bangladesh,” the satate minister, who is in Malaysia now, posted on her Facebook. She had a meeting with the Infocomm Development…

AFP, SINGAPORE: US crude prices extended losses yesterday, heading towards $27 a barrel, as the International Energy Agency (IEA) warned that the oil…

AFP, WASHINGTON: The tide of Middle East refugees should boost European economic growth over the short term, but their longer-term impact will depend on efforts to integrate them, the IMF said yesterday. In a new study to be presented at the World Economic Forum in Davos, Switzerland this week, the…

AFP, GENEVA: Global unemployment rose in 2015 and is expected to worsen further over the next two years, the International Labour Organization said Tuesday,…

AFP, SAN FRANCISCO: Netflix on Tuesday reported that it remained profitable and added a record number of new subscribers in the final quarter of last…

The government has taken a project to upgrade Cox’s Bazar Airport to facilitate the take-off and landing of large aircraft and thus enhance regional communications through air and help boost the country’s tourism industry, reports UNB. The Executive Committee of the National Economic Council…

Emirates Airlines awarded 11 winners of the quiz competition, jointly organised by Emirates Airline and The Independent at an award giving ceremony held at Pan Pacific Sonargaon in the capital yesterday. Wajid Hasan Shah, an economist residing in Gulshan in the capital, was awarded a return air ticket…

AFP, MOSCOW: The ruble hit a historic low yesterday as the dollar climbed past the 80.1 rubles level for the first time, exceeding the levels seen during the shock plunge of the Russian currency in December 2014. After a day of relative calm, the ruble resumed its downward spiral, breaking through the…

Governor of Bangladesh Bank Atiur Rahman yesterday called for coordinated corporate social responsibility (CSR) efforts of the country’s banks to make a big change in the society. “CSR, particularly in the banking sector, is no more a sporadic act of social welfare. It has become an approach…

Bengal Digital, the nation’s first true digital cable television service, was launched on Tuesday at a hotel in the capital. Finance minister Abul Maal Abdul Muhith launched the service as the chief guest. Information minister Hasanul Haq Inu was present as the special guest and State Minister…