The Real Estate and Housing Association of Bangladesh (REHAB) yesterday said the budget for the 2016-17 will push the country's real estate sector towards a state of further disarray. “With the changes in tax structure in line with the budget proposal, the construction of housing - a basic…

The government has so far brought 1,374 post offices under postal cash card service and financial transactions are now taking place under the service, which will be extended to all post offices in phases, reports BSS. “The postal cash card service has been expanded to 1,374 post offices throughout…

The 4th China-South Asia Expo and the 24th China Kunming Import and Export Commodities Fair was kicked off yesterday, with the aim to promote trade and…

The election to the Bangladesh Association of International Recruiting Agencies (BAIRA) for 2016-2018 tenure will be held on July 14 under the supervision of government-appointed administrator to ensure transparency, reports UNB. Director, Trade Organi-sation, under the Ministry of Commerce, has been…

Venture Capital When an entrepreneur makes a business plan, he uses his own money, talent and experience to start the business if it is a new business.…

AFP, SHANGHAI:  Small-time investor Tracy Li lost more than $3,000 of her hard-earned salary from working at a bank after China’s stock market…

AFP, NEW YORK:  The Swiss pilot readying to cross the Atlantic in a solar-powered plane on the next leg of a record-breaking, round-the-world mission says he is making science fiction reality. Bertrand Piccard, a psychiatrist and balloonist, will next command Solar Impulse 2 when meteorologists…

The cellular phone operators in the country have to pay Tk 400 as penalty for each hour if their SIM/RUIM is carrier for the illegal use of VoIP (Voice over Internet Protocol), reports BSS. The telecom regulator has taken the new measure to curb the illegal use of VoIP immediately after the successful…

Retailer Walmart Canada will no longer accept Visa cards after it failed to agree a deal with the credit card firm, reports BBC. Fees applied to Visa…

Outgoing Egyptian Ambassador to Bangladesh Mahmud Ezzat yesterday said Bangladesh is emerging as an ‘Asian Tiger’ as it has achieved stunning success in its socioeconomic development, reports UNB. “Bangladesh is as an ‘Asian Tiger’ due to its impressive socioeconomic uplift…

G: Companies and organizations from six countries along the Mekong River have established a business alliance, with a view to build a platform for cross-border e-commerce. The alliance, established Saturday, will boost cross-border trade through e-commerce across the Greater Mekong Sub-region (GMS),…

Stock market opened the week flat yesterday when daily transaction declined on lower demand, reports BSS. The boarder DSEX index of Dhaka Stock Exchange (DSE) finished the first day of the week 9.58 points down at 4409.40, with the blue-chip DS30 and the Shariah DSES followed it to close at 1737.40…

Farid Uddin Ahmed, manager Dilkusha Branch of National Bank Limited, has recently been promoted to deputy managing director of the bank, the bank said in a statement. Prior to the new position, he was the senior executive vice president of the bank. He started his career at the National Bank Limited…

AFP, ATHENS: Greece is in the grip of a row over television, with the government under attack for plans to slash the number of private channels in a sector that was hit hard by the financial crisis. Authorities say they want to clean up an industry known for its workforce exploitation and rumoured under-the-table…

Mahindra Comviva has won ‘Best mPayment Innovation’ award at the Smart Card and Payments Awards 2016, the company said in a statement yesterday. AsiaHawala, Iraq’s first mobile money service powered by Mahindra Comviva, have been declared the ‘Best mPayment Innovation’…

REVE Systems has appointed Tech Republic as its sole distributor for its anti-malware product, REVE Antivirus, in Bangladesh, a press statement said. Tech Republic is involved in IT Hardware and Software distribution and provides IT solutions to the corporate in Bangladesh. REVE Antivirus will be available…