The government is all set to introduce Ashuganj Power Station Company Limited (APSCL), the largest state owned power machinery, into the stock market. With an initial aim to raise Tk 1,000 crore from the capital market, the company will be listed into the stock exchanges very soon, sources with power…

Concentrated efforts of all, including the authorities of Chittagong and Mongla ports and the ministries concerned, are needed to make the seaports more dynamic by resolving their various problems, according to a performance audit report, reports UNB. It says labour issues, lack of skilled manpower…

Economic zones are increasingly attracting domestic and foreign investment, creating jobs and accelerating the growth, said the World Bank yesterday, reports UNB. The World Bank, together with UK-DFID and IFC, is supporting the government to develop economic zones and hi-tech parks through the Private…

AFP,BERLIN:  German drugs and chemicals giant Bayer said yesterday it had offered $62 billion for US agriculture group Monsanto as it seeks to create…

AFP, HANOI:  Vietnamese budget airline VietJet, famed for its bikini-clad air hostesses, has agreed to buy 100 passenger jets from US aircraft maker Boeing for $11.3 billion, the airline said Monday, in a deal signed in front of President Barack Obama in Hanoi. In a statement, VietJet said the…

AFP, LONDON: Britain could be plunged into a year-long recession and lose hundreds of thousands of jobs if it voted to leave the EU next month, the government warned Monday in a report critics dismissed as “deeply biased”. Speaking at a hardware store in southern England, Prime Minister…

AFP, PARIS: The AXA group yesterday became the first global insurer to cut ties with the tobacco industry, saying it would sell about 1.8 billion euros ($2.0 billion) worth of investments in the sector, to cheers from anti-smoking campaigners. “This decision has a cost for us, but the case for…