State Minister for Post and Telecommunications Division Tarana Halim yesterday said the mobile phone operators must inform their subscribers about the compensation in case of call drop through SMS. “The mobile phone operators have to inform their subscribers about the compensation through SMS.…

Ministry of Finance, Parlia-ment Secretariat and BASIC Bank would jointly prepare a summary on the irregularities of the BASIC Bank, and it would be discussed in the next meeting of the parliamentary standing committee on the ministry of finance, reports BSS. The decision was taken at the 13th meeting…

Stock market closed a week yesterday with all sessions ending in red due to dull trade and negative propaganda about the prospect in share investment, reports BSS. The broader price index of Dhaka Stock Exchange (DSE) lost around 84 points this week compared to that of the previous week while the DSEX…

The Centre for Policy Dialogue (CPD), Bangladesh will be hosting this year’s South Asia Economic Summit (SAES IX), a pioneering regional platform for discourse on socio-economic issues pertaining to the South Asian region, a press release said yesterday. The announcement was made at the 46th meeting…

AFP, SINGAPORE: Oil prices tumbled in Asia yesterday after US commercial crude stockpiles climbed to a record level, further stoking worries about a global oversupply of the commodity. Prices had closed higher over the past two trading days, buoyed by hopes of stimulus measures in the eurozone and Japan,…

AFP, PARIS: Iranian President Hassan Rouhani arrived in France yesterday for an official visit during which he is expected to sign a host of commercial…

AFP, LONDON: The EU’s competition commissioner said yesterday she was prepared to investigate Google’s tax deal with Britain as the US Internet…

AFP, SAN FRANCISCO: Facebook quarterly profit more than doubled as its ranks swelled during the past year to a mammoth user base of nearly 1.6 billion,…

AFP, HONG KONG: Shares in tech suppliers sank in Asia yesterday as South Korean giant Samsung Electronics posted a huge fall in profit, a day after rival…

Floods, droughts and cyclones cause the prices of food and malnutrition to prolong for many months after any disaster in Bangladesh, says a new study. According to an investigation conducted by UN agencies and several research institutes, communities in Bangladesh affected by disasters systematically…

Dhaka International Trade Fair (DITF)-2016 is going to bag record amount of revenue earnings, worth Tk 1.5 crore, as value added tax due to huge rush following political stability and sound weather. According to the customs officials at the fair, the VAT worth Tk 1.5 crore have been realised till the…

AFP, MOSCOW: Russia's energy minister said yesterday that Moscow is ready to take part in an OPEC meeting aimed at establishing possible "coordination" in the face of low oil prices due largely to a supply glut. Moscow -- which is not a member of the oil cartel -- has seen its recession-hit…

All the 1233 government organisations in the country would be brought under e-Government Procurement (e-GP) by December 2016 to ensure transparency, accountability and optimum use in spending of public fund, reports BSS. So far, 111 government agencies of 30 ministries along with four target agencies…

India has overtaken Thailand as the world’s largest rice exporter in 2015, shipping 10.23 million tonnes, a top Thai rice exporters body said on Wednesday, reports PTI from Bangkok. Thai Rice Exporters Asso-ciation Chairman Charoen Laodhammatas said that Thailand exported 9.8 million tonnes of…

AFP, SEOUL: South Korea yesterday clamped down on lax safety protocols at low-cost airlines, warning them to mend their ways or face possible closure. The transport ministry conducted a safety review of the country’s six budget carriers this month, after one aircraft was forced to make an emergency…

AAM Shahjahan has recently joined in Sonali Bank Limited as deputy managing director, the bank said in a statement yesterday. Prior to the appointment, he was the general manager of Agrani Bank Limited. He started his banking career at the Agrani Bank Limited as senior officer in 1983.

Samsung Bangladesh offers cash discounts of up to Tk 15,000 and free Samsung Galaxy J1 Ace and Galaxy J2 handsets on Televisions till 10th February, a press statement said yesterday. The “Smart Home” campaign of the company offers minimum Tk 2,000 to maximum Tk 15,000 instant cash discounts…

AFP, SHANGHAI: Chinese e-commerce giant Alibaba saw its revenue jump 32 per cent year-on-year for the quarter ending in December, it said in a statement yesterday, despite slowing growth in the world's second-largest economy. Alibaba, which dominates the consumer-to-consumer market in China, said…