World Bank (WB) yesterday said the proposed budget of Bangladesh for FY 2016-2017 is bigger and ambitious one like earlier. However the global lender said the non-discriminatory spending is increasing alarmingly which is now the third highest expenditure in the proposed budget. Bangladesh is witnessing…

In a clarification, the Beximco Pharma Ltd said: “Our attention has been drawn to a news published on 17th June 2016 in some of the local dailies under the caption--Beximco Pharma eyes $1bn medicine export in 5 years”. It said the news came out subsequent to Beximco Pharma’s commencement…

AFP, LONDON:  More than 1,200 business titans united yesterday to warn against Britain breaking with the EU, as rivals fought for the last votes…

AFP, SRIHARIKOTA:  India successfully launched a rocket carrying 20 satellites yesterday, setting a new national record as its famously frugal space agency looks to grab a larger slice of the lucrative commercial space market. The rocket blasted off from the southern spaceport of Sriharikota carrying…

AFP, WASHINGTON:  The Federal Aviation Administration unveiled long-awaited new rules Tuesday that clear the way for small, commercial drones to…

AFP, TEHRAN:  France’s Peugeot-Citroen (PSA) announced its return to Iran on Tuesday, signing a 400-million-euro joint venture with its old partner Iran Khodro in Tehran. The first cars produced under the new venture are set to hit Iranian roads in February, with the aim of producing 200,000…

The Anti Corruption Commissioner (ACC) has started probing 17 insurance companies as they allegedly embezzled around Tk 18 billion belonging to their clients in the name of additional management costs. ACC Public Relations Officer (PRO) Pranab Kumar Bhattacharya confirmed it to The Independent. ACC…

Dhaka and Chittagong stock exchanges saw a little rise yesterday after facing ceaseless fall in the past three consecutive trading sessions, reports BSS.      DSEX, the broader index of Dhaka Stock Exchange (DSE), ended the fourth session of the week at 4366.24, only 3.13 points…

Dhaka Chamber of Commerce and Industry (DCCI) yesterday underscored the need for widening the tax net and creating new areas of imposing tax to meet the revenue target of proposed national 2016-17 financial year (FY17), reports BSS. "The revenue target of the proposed budget is big. The government…

AFP, TOKYO:  The pound rallied against the dollar and yen in Asia yesterday as bookmakers bet heavily that Britain will vote to stay in the European Union, despite opinion polls pointing to a neck-and-neck race. The uptick comes after European Commission President Jean-Claude Juncker and US Federal…

AFP, SINGAPORE: Singapore’s central bank said yesterday it will make financial investments in the Chinese yuan as part of its official foreign reserves from June, reflecting the currency’s increasing international acceptance. The Monetary Authority of Singapore (MAS) said its decision “recognises…

Novoair will add five additional flights during Eid. The 5 routes are – Saidpur, Jessore, Cox’s Bazar, Rajshahi and Barisal, says a press release.     Novoair will add I daily flight  apart from existing schedule flights in Saidpur and Jessore from July 1 to  5 and …

AFP, TOKYO: Mitsubishi Motors yesterday warned it is on track to lose 145 billion yen ($1.4 billion) this fiscal year in the wake of a mileage-cheating scandal that slammed the brakes on sales. The expected shortfall would reverse a year-earlier profit and mark the automaker’s first annual loss…

To help ensure the most simple, personalised and effective sales experience for customers and future customers, Oracle has significantly transformed and digitized its sales operations, says a press release.  As part of this plan, the company will build five Digital sales hubs placed strategically…