Aiming to offer better and quality services, the government is going to take a fresh project for the state-owned cellular phone operator Teletalk to expand…

Raghuram Rajan, the governor of India's central bank, is to step down in early September at the end of his term, reports BBC. He had been expected to stay on in the role but will return to academia. Rajan had been "open" to continuing after his initial three-year term, but has made his…

Transparency International Bangladesh (TIB) has said the proposal for increasing revenue collection in the fiscal 2016-17 year will put extra pressure on small investors and low-income group people, reports UNB. In a statement yesterday, TIB executive director Dr Iftekharuzzaman said tax has been imposed…

BRAC has been ranked as the number one NGO in the world by the Geneva-based NGO ADVISOR, an independent media organisation this year, reports UNB. Committed to highlighting innovation, impact and governance in the non-profit sector, NGO ADVISOR made the announcement on their website yesterday. Ranked…

AFP, PARIS:  Three mega-mergers in the agrochemical sector, including Bayer and Monsanto, have raised concerns among farmers who fear higher prices…

AFP, TEHRAN:  Iran said yesterday it has reached an agreement with American aerospace giant Boeing to purchase 100 aircraft to renew its ageing fleet, though the deal must still be approved by the US government. The Islamic republic has ordered about 200 planes from three Western manufacturers…

AFP, MADRID:  Spain is coaxing Indian moviemakers to use its colourful fiestas and historic monuments as settings for their films, in a move to grab…

AFP, SYDNEY:  Sydney is imposing new taxes on foreigners buying homes as concerns grow that a flood of mostly Chinese investors is crowding out locals and killing the “Great Australian Dream” of owning property. Ownership rates across the country are among the highest in developed nations,…

Stocks extended loss to open another week yesterday as market experienced low level of transactions due to slack demands. All the indicators of both Dhaka and Chittagong stock exchanges were marginally down at close, reports BSS. The broader index of Dhaka Stock Exchange (DSE) was 7.49 points down at…

AFP, DOHA: A $200 billion infrastructure programme launched by Qatar could see higher costs and delays because of the slump in oil prices, the government of the 2022 football World Cup host warned yesterday. A study from the Ministry of Development Planning and Statistics (MDPS) said that “continued…

The Boeing-Tata joint venture in the aerospace sector is a significant step towards developing India’s capabilities in the aerospace and defence manufacturing, Defence Minister Manohar Parrikar said yesterday, reports PTI. “The joint venture between Tata and Boeing is a significant step…

Revenue collection witnessed a steady rise in the last 11 months of the current fiscal year as the National Board of Revenue (NBR) has collected Tk 3,052 crore more against the revised target of the same period, reports BSS. "We have collected Tk 132,954 crore in the last 11 months of the current…

Local electronic company Walton has set a target of registering 40 per cent higher sales during Ramadan this year than the business of last Ramadan, the company said in a statement yesterday. To achieve the target, Walton undertook massive preparations from its production process to marketing strategies.…

AFP, KUWAIT CITY: A Dubai-based investor group led by Emaar Properties chairman Mohamed al-Abbar has agreed to purchase a majority stake in Kuwait's top food company Americana, the firm said yesterday. A binding agreement for the acquisition, estimated at $2.3 billion, was reached between Abbar's…

AFP, MUSCAT:  Oman has raised $2.5 billion in a bond sale arranged by five international banks to help meet its budget deficit resulting from low oil prices, the finance ministry said Saturday. The ministry, quoted by the Oman News Agency, said the sultanate’s first international bond issue…