The Executive Committee of the National Economic Council (ECNEC) yesterday approved two big projects in the power sector in a bid to develop power transmission system between Dhaka and Chittagong, and then Matarbari with a 400-KV transmission line. The approval was given at the weekly ECNEC meeting…

Discussants at a conference yesterday said the Sustainable Development Goals (SDGs) must be adopted and implemented according to the particular context, issues and characteristics of the stakeholders and their surrounding environment, reports UNB. They also observed that people, process and partnership…

Finance Minister AMA Muhith yesterday told Parliament that the investigation report on the $101 million heist from the Bangladesh Bank’s fund will be made public within the next few days, reports UNB. Muhith said he will make a statement over the cyber heist in the House during the ongoing session,…

AFP, SINGAPORE: Singapore said yesterday it had seized nearly $180 million linked to scandal-tainted Malaysian state fund 1MDB, raising the pressure a…

AFP, THE HAGUE: Dutch food and cosmetics giant Unilever yesterday posted a rise in sales for the first half of 2016 boosted by mens’ grooming products…

AFP, FRANKFURT: The European Central Bank held its monetary policy fire yesterday, but analysts expect it to flag fresh stimulus in September as the real…

AFP, WASHINGTON: A Ukrainian alleged to be the ringleader of the world’s biggest online piracy site, Kickass Torrents, was hit with US criminal…

Stock market closed yesterday flat on lower demand when investors were largely selling mood for profit-booking from offloading the shares they booked earlier at cheaper prices, reports BSS. The daily average transaction, however, increased compared to last week, but was not enough to make the market…

AFP, NEW YORK: US prosecutors announced charges Wednesday against two top HSBC executives over a fraudulent foreign exchange trading scheme that netted some $8 million at the expense of a bank client. Mark Johnson, the head of global foreign exchange cash trading, was arrested at John F. Kennedy international…

AFP, SINGAPORE: Oil prices edged up in Asia yesterday following US data showing a drop in inventories and tracking gains across regional markets, while traders await central bank policy meetings in Europe and Japan. The US Energy Information Administration said stockpiles fell 2.3 million barrels last…

Ghulam Hussain has joined as managing director of Infrastructure Investment Facilitation Company (IIFC) on Wednesday, said a press statement. Hussain…

AFP, SEOUL: South Korea's anti-trust agency is investigating Google for alleged abuse of its market dominance, a report said yesterday, a week after the EU filed anti-trust charges against the US tech giant. The probe by the South's Fair Trade Commission (FTC) is focused on whether Google is…

AFP, BEIJING: The flood of billions of dollars out of China slowed dramatically in the second quarter, official figures showed Thursday, despite the yuan's persistent weakness making it less attractive to hold. "Cross-border capital outflow pressures have gradually eased," Wang Chunying,…