Telecom regulator has introduced a hotline ‘2872’ to hear the complaints against operators’ customer care center and their retailers during biometric SIM verification. “If any retailer takes money or misconduct during biometric verification, customer could complain to 2872 and…

Stock market began week yesterday downwards as activities declined on weak demand. The major indices at Dhaka and Chittagong stock exchanges closed the day in red, reports BSS. DSEX - the broader index of Dhaka Stock Exchange (DSE) lost nearly 12 points to finish the first session of week down at 4431.12.…

Omar Ishrak, chairman and CEO of Medtronics, is now in Dhaka on his two days business trip to Bangladesh, a press statement said yesterday. He held a discussion meeting with physicians, healthcare professionals and entrepreneurs during his 2-day-business trip to Bangladesh. Medtronics is the world’s…

The head of the board at state-controlled Norwegian telecoms firm Telenor is to face questions from a company committee following the leak of the Panama Papers documents, reports Global Telecom Business. The Norwegian government, which owns 54 per cent of Telenor, has asked board members to question…

AFP, LONDON: British Prime Minister David Cameron yesterday released his tax details in a bid to head off a row over his father’s offshore business, and announced a new taskforce to scrutinise the so-called Panama Papers. Hundreds of demonstrators rallied outside Cameron’s office Saturday…

AFP, MUMBAI: India’s Tata Steel said Saturday that Britain’s Serious Fraud Office is investigating a lapse in procedures at its steel-making site in Yorkshire, as the group seeks to sell its UK operations. In a filing to the Bombay Stock Exchange, Tata confirmed media reports of an SFO probe,…

The Asian Development Bank (ADB) and the Government of Bangladesh yesterday signed $50 million loan agreement for improving capacity and safety of the railway system in Bangladesh. Mohammad Mejbahuddin, senior secretary, Economic Relations Division (ERD), and Kazuhiko Higuchi, country director, Bangladesh…

AFP, COLOMBO:  Sri Lanka will bring legal reforms to encourage much needed foreign investment, as the cash-strapped island tries to turn its $8 billion Chinese debt into equity, the prime minister said Sunday. Ranil Wickremesinghe, who returned home Sunday after a three-day visit to China, said…

Sharing is a good thing, we learned in kinder-garten, but that wisdom was soon called into ques-tion by the grown-up world of getting and spend-ing. Now, new age capitalism has spun out a wonderful invention: the “sharing economy,” which holds out the promise of using technolo-gy to connect…

Mahbub-ur Rahman has been appointed as deputy CEO and country head of commercial banking for HSBC Bangladesh, effective from yesterday, the bank said in a statement. Rahman will work to strengthen HSBC's franchise in Bangladesh, considered by the company as increasingly vital to global trade and…

Social Islami Bank Limited (SIBL) declared 15 per cent cash and 5 per cent stock dividend for the year ended on December 31, 2015, the bank said in a statement yesterday. The bank declared it at the 364th meeting of the board of directors of SIBL held in the capital recently. Rezaul Haque, chairman…

AFP, CAIRO:  Egyptian President Abdel Fattah al-Sisi and Saudi King Salman agreed to set up a $16-billion investment fund Saturday and settled a long-standing maritime dispute as the monarch continued his rare visit to the country. A day after Salman announced a plan to build a bridge over the…

Bullish on India’s growth prospects, International Finance Corporation (IFC) has said offshore rupee bonds can provide a new source of funding for Indian companies and they stand to benefit in the longer term from comparative pricing landscape, reports PTI. Stating that no Indian company has so…