Civil Aviation and Tourism Minister Rashed Khan Menon yesterday urged private sector to invest in tourism industry as the government faces fund constraint in promoting tourism in home and abroad, reports BSS. "We would like to facilitate the private sector in making investment for tourism promotion…

World Bank (WB) Vice-President for South Asia Region Annette Dixon yesterday lauded Bangla-desh’s success in the overall progress, saying the country made tremendous development in various sectors including poverty alleviation and standard of living, reports BSS. “I think the World Bank’s…

AFP, HONG KONG:  Most Asian stocks began the week in buoyant mood yesterday, cheering a strong pick-up in US job creation while weighing China’s…

India is keen on ramping up economic cooperation with Egypt, focussing on trade and investment, the Indian envoy here has said while underlining the need for “transparency and predictability” to woo more Indian businesses to this key Middle East country, reports PTI. “Trade between…

The Chinese economy would continue to take lead at mid-to-high speed as the government has rolled out of a basket of policies to faciliate structural…

AFP, ATHENS:  Greek Prime Minister Alexis Tsipras on Sunday said the IMF was employing “stalling tactics” and “arbitrary”…

Stocks market yesterday finished with mixed trend in the price indices when most of the issues traded closed higher, reports BSS. DSEX, the broader price index of Dhaka Stock Exchange (DSE), ended the session in green with marginal 8.16 points rise at 4443.63 when the blue-chip DS30 and the Shariah…

AFP, BEIJING: China's labour regulations harm workers by reducing job opportunities, the finance minister said yesterday as Beijing tries to restructure its economy while avoiding mass layoffs and social unrest. The labour contract law passed in 2007 restricts companies' ability to fire workers.…

Xinhua, BEIJING: Chinese finance minister said yesterday that business tax in all industries will be replaced by value-added tax (VAT) before May this year, a concrete step in deepening fiscal and taxation reform. “The progress in the VAT reform last year was slower than having planned, efforts…

AFP, MUNICH: German luxury carmaker BMW will throw a lavish 100th birthday party on Monday, looking back at its often troubled history and forward as it seeks to adapt to the age of “personal mobility”. In its home city of Munich the iconic headquarters, a complex dubbed the “BMW four-cylinder”,…

Xinhua, YANGON: New wells are being drilled in Myanmar' offshore M-5 and M-6 blocks of the Yadana Gas Field to explore more gas and keep its production on track until 2020, official media reported yesterday. The Yadana Gas field is a jointventure project established in 1992 between the Myanmar Oil…

Etihad Flight College expanded its fleet of trainer aircraft with the delivery of two Extra EA 330 LT aircraft, a press statement said yesterday. The aircraft were shipped and reassembled by the manufacturer at the Flight College’s hangar in Al Ain and will be showcased at the Abu Dhabi Air Expo,…

AFP, FRANKFURT: German industrial orders, a key measure of demand for goods in Europe's top economy, declined in January, weighed downby falling demand at home and in non-eurozone countries, the economy ministry said yesterday. Provisional official data showed a decrease in orders of 0.1 per cent…

Dubai carrier Emirates has announced a codeshare agreement with S7 Airlines on more than 30 Russian routes. The agreement expands an interline partnership between the two airlines first signed in 2003, and includes S7’s twice weekly service between Dubai and Novosibirsk and Emirates’ route…