Transparency International Bangladesh (TIB) has demanded the government remove the scope of whitening black money in the upcoming national budget (2016-17), reports UNB. TIB also voiced concern over the demand for the continuation of whitening black money in the budget raised by influential quarters,…

Bangladesh is now a home to 10.56 crore of working-age people, creating an excellent opportunity for the country to accelerate its growth by properly utilising the demographic dividend, reports UNB. According to UNDP's Asia-Pacific Human Development Report 2016, the proportion of working-age people…

The Central Procurement Technical Unit (CPTU) of the Implementation Monitoring and Evaluation Division (IMED) will put a digital billboard on e-Government procurement (e-GP) near the National Press Club (Outside CIRDAP boundary) in the capital today, reports BSS. Planning Minister AHM Mustafa Kamal…

AFP, KUALA LUMPUR:  Troubled Malaysian state investment fund 1MDB said yesterday it had defaulted on $1.75 billion in company bonds after missing an interest payment, heightening fears of a market-rattling bailout of the scandal-hit company. The fund, founded in 2009 by Prime Minister Najib Razak,…

AFP, HONG KONG:  Asian markets mostly dipped yesterday on investor caution before Federal Reserve and Bank of Japan policy meetings later in the…

AFP, TOKYO:  Troubled conglomerate Toshiba announced yesterday it had booked a $2.3 billion write-down of its US nuclear unit Westinghouse but said the sale of its medical devices business would reduce its forecast net loss for the year ended March. A once proud pillar of corporate Japan, the company…

The broader price index of Dhaka Stock Exchange (DSE) plunged below 4300-point mark yesterday amid falling share prices across the board, reports BSS. Out of the day's 317 traded issues, 191 incurred loss and 78 gained when 48 closed flat. The majority of the losing securities were from the large-cap…

AFP, SINGAPORE: Oil prices rose in Asia yesterday, rebounding from sharp losses sparked by a report that Saudi Arabia was close to completing an oilfield expansion. But analysts said the gains, partly prompted by a slightly weaker dollar, would likely be short-lived due to lingering worries about a…

AFP, SEOUL: Currency swings and declining China sales took a toll on Hyundai Motor as the South Korean carmaker yesterday reported a drop in net profit for the ninth consecutive quarter. Hyundai -- along with its smaller affiliate Kia -- forms the world's fifth largest automaking group. Net profit…

SEOUL, South Korea: The world's largest shipbuilder, Hyundai Heavy Industries, posted its first net profit for more than two years in the first quarter, despite an extended global slump in the shipbuilding sector. The South Korean company said yesterday that net income for the January-March period…

AFP, SHANGHAI: The financial services affiliate of Chinese e-commerce giant Alibaba has raised $4.5 billion in funding, it said yesterday, calling it the largest single private placement by an Internet company. The move values Ant Financial Services Group at roughly $60 billion, the Wall Street Journal…

AFP, SEOUL: An extended export slump and weakening domestic consumption saw South Korea's economic growth slow in the first quarter, despite record low interest rates, the central Bank of Korea said yesterday. Asia's fourth largest economy expanded 0.4 per cent in the January-March period from…