Separate (EPC) contracts singing would be made to set up the 2X1320 MW coal-fired Rampal, Paira and Matarbari power plants this month, reports BSS. “The three coal-fired power plants would generate 3,840 megawatt (MW) electricity after construction of the plants under public and venture (JV) initiatives,”…

The Bay of Bengal Business Forum put emphasis on enhancing business relations and regional cooperation among the nations in the region and the world, reports BSS. Initiated by the US Consulate of Chennai, the first ever “Bay of Bengal Business Forum” was organized by the Andaman Chamber…

President Abdul Hamid yesterday said the scope of expanding trade and investment in the region will get a boost once the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicle Agreement is implemented, reports UNB. The President said this when outgoing Bhutanese Amba-ssador to Bangladesh Pema Choden made…

Bangladesh Bank (BB) Governor Fazle Kabir sought more active support from the top bankers of the country to fence off the banking sector from both internal and external risk factors, reports BSS. While talking to a delegation of the Association of Bankers, Bangladesh (ABB) at his office, the newly appointed…

AFP, SINGAPORE: Oil prices dipped slightly during early Asian trading yesterday as fresh oversupply concerns spurred by an increase in operational US rigs bridled a recent rally. This follows a week of gains that lifted US benchmark West Texas Intermediate (WTI) above $40 for the first time since December,…

AFP, HONG KONG:  Asian markets started the week cautiously yesterday following last week’s rally, with investors picking up some profits while…

AFP, SHANTOU: The Guangdong Yixiang Folk Culture Co has a licence to print money—thousands of lookalike US dollars roll off its clattering presses…

AFP, RIO DE JANEIRO: The Federation of Sao Paulo Industries is lit up in the green and yellow of the Brazilian flag, a giant black banner cutting across…

AFP, PARIS: The European Central Bank’s plan to buy corporate bonds to help the eurozone economy is boosting the private-sector debt market which promptly responded with a new record-sized company bond. With interest rates near or below zero and few other monetary policy tools left in its arsenal,…

Stocks closed yesterday higher as buyers were comparatively active that also drove prices of most of the traded issues up. All the indices at Dhaka and Chittagong stock exchanges finished the session in green though with marginal gains, reports BSS. DSEX, the broader index of Dhaka Stock Exchange (DSE),…

AFP, CAIRO: Egypt said on Sunday that Saudi Arabia has offered $1.5 billion to help finance economic projects in the Sinai Peninsula, as Riyadh continues to bolster its ties with Cairo. Saudi Arabia, a staunch supporter of President Abdel Fattah al-Sisi’s regime, has previously offered billions…

AFP, LONDON: Leaving the European Union could cause a “serious shock” to Britain’s economy, with the risk of losing almost one million jobs, according to a CBI business group study released Sunday. A so-called Brexit could cost about £100 billion (128 billion euros, $145 billion)…

AFP, BEIJING: China’s chances of hosting a World Cup have risen thanks to property-to-entertainment conglomerate Wanda spending big to sponsor FIFA, the company’s chairman said yesterday. Wang Jianlin, one of China’s richest men, said his firm’s decision to become a top-level…

XINHUA, YANGON: Jade continues as a potential export item of Myanmar, the ministry of commerce said yesterday. Jade is included in the potential export items from nine regions and states in Myanmar. Among the 41 export items of agricultural products, jade is the only jewel on the list. Myanmar Jade…

AFP, SYDNEY: The head of Australia’s stock market operator resigned yesterday, amid a police inquiry into bribery allegations at a gaming group he previously managed. Elmer Funke Kupper, ASX managing director and CEO since October 2011, previously headed Tabcorp—which describes itself as…

AFP, HAVANA: Ahead of President Barack Obama’s landmark trip to Cuba, the US government has given Airbnb the green light to accept bookings in Cuba from non-American customers. The San Francisco company’s website said Sunday it had received a license from the US Treasury to “welcome…

AFP, LONDON: Global research consultancy giant  IHS has agreed to merge with London-based financial data supplier Markit, the pair said yesterdayday. The new company, which will be called IHS Markit, will have a market value of $13 billion (11.5 billion euros), the two US-listed companies said…

BizCare, a local consultancy firm, teamed up with Manila-based Asian Forum on Corporate Social Res-ponsibility (AFCSR), says a press release. BizCare will work together with AFCSR in organising the upcoming international conference on CSR to be held in Myanmar in September 2016. BizCare is engaged in…