The implementation status of the Annual Development Programme (ADP), including that of the self financed projects, during the first 11 months (July-May) of the outgoing fiscal year (FY16) fared not so good as it reached only 62 per cent with an overall expenditure of Tk 58,076 crore, reports UNB. The…

Microsoft announced a deal to acquire professional social platform LinkedIn for $196 per share yesterday. The all-cash deal is valued at $26.2 billion,…

The Board of Investment (BoI) got proposals for local and foreign investment of Taka 993.35 billion (equivalent to $12.72 billion) in the last fiscal year (2014-15), 45.46 rercent up from the previous fiscal (2013-14), reports BSS. Agriculture Minister Begum Matia Chowdhury, who is also in charge of…

Biman Bangladesh Airlines management has settled on wet-leasing a B747-400 from Malaysian ACMI/ charter firm Eaglexpress Air Charter for its Hajj charter needs. The two sides will now enter into negotiations which, if successful, could lead to the signing of a firm contract later this month, reports…

The cabinet has given final approval to a proposal for ratification of the WTO agreement on trade facilitation, reports BSS. The approval was given in the weekly meeting of the cabinet held at the cabinet room of Jatiya Sangsad with Prime Minister Sheikh Hasina in the chair. The cabinet also approved…

Symantec Corp agreed to buy Blue Coat Systems Inc in a $4.65 billion deal that will give the computer-security company a new portfolio of cyberdefense technologies along with a new chief executive, reports The Wall Street Journal. Blue Coat Chief Executive Greg Clark is set to take that role at Symantec…

AFP, BEIJING:  Tensions over trade and Chinese investment in a German robotics firm dominated Chancellor Angela Merkel’s visit to Beijing yesterday…

Mary Meeker, a living legend amongst venture capitalist has published critical stats and trends about how technology is evolving. Her annual presentation…

AFP, YANGON:  Home to Buddhists, Christians, Hindus, Muslims and a collage of businesses that burst to life as Myanmar’s largest city wakes…

AFP, SEOUL:  South Korea’s Lotte Group said yesterday it was scrapping an initial public offering worth almost four billion dollars amid a…

The telecom regulator is going to unveil the auction and service roadmap of the much-talked-about mobile number portability (MNP) today to materialise…

AFP, LONDON: A buying spree in the Asia-Pacific region propelled double-digit growth in the global arms market last year to a record $65 billion (57.7 billion euros), defence analysts IHS Jane’s said yesterday. Defence imports by Asia-Pacific nations soared 71 per cent in a “spend surge”…

The broader index of Dhaka Stock Exchange (DSE) continued to maintain falling trend for the second consecutive day of the week yesterday as the day finished 4 points down at 4405.40 which was 9.58 points down at 4409.40 on Sunday, reports BSS. The blue-chip DS30 also saw downtrend to close at 1736.52.…

Xinhua, YANGON: Myanmar is planning to export antivenom to neighboring Asian countries in this year, official media reported yesterday. U Ko Ko Aung, General Manager of the government-owned Myanmar Pharmaceutical Factory, said that the exporting products are awaiting to be checked by the World Health…

AFP, TOKYO: The pound dropped to a two-month low and the yen rallied yesterday as jittery investors shifted into safer assets on worries about Britain’s possible exit from the European Union. The flight to lower-yielding investments came as Asian stock markets plunged, with dealers awaiting meetings…

Mafiz Ahmed Bhuiyan has been elected chairman of the executive committee of the board of Prime Bank Limited effective from 1st June, the bank said in a statement yesterday. Board of directors of the bank elected him as chairman of the executive committee in its recent meeting. Bhuiyan is a sponsor director…

AFP, SINGAPORE:  Oil prices slipped again yesterday, extending last week’s losses and mirroring a sell-off across Asian markets fuelled by worries about the global economy, Britain’s future in the EU and producers bringing more rigs back online. The retreat comes after US benchmark…

AFP, NEW DELHI: India's consumer prices rose faster than expected in May due to higher food prices, official figures showed yesterday, which will likely hold off an increase in interest rates. The inflation rate increased by 5.76 per cent from a year earlier, substantially higher than 4.8 per cent…