The government will provide all sorts of cooperation to exporters and importers including introducing incentive to keep the Pangaon Inland Container Terminal (ICT) operational. The decision was taken at an inter-ministerial meeting held yesterday on the Pangaon ICT premises with Shipping Minister Shajahan…

AFP, LONDON: An Indian bank yesterday issued the first ever offshore rupee-denominated bond in London, a landmark celebrated by officials keen to highlight Britain’s international business prowess despite Brexit. The Housing Development Finance Corporation (HDFC), India’s largest provider…

Government will offer shares of State-Owned Entities (SOEs) if Al Zamil Group invests in these companies,   Senior Secretary Md Mosharraf Hossain…

In the report titled “Grameenphone audit: BTRC brings allegation against audit firm” published on 28/07/2016 in page 9,  we have mistakenly said the Grameenphone audit process is yet to get momentum. Toha Khan zaman & CO on Sunday said: “We are working in GrameenPhone since…

AFP, BEIJING: Chinese ride-sharing giant Didi Chuxing will take over the China operations of its US rival Uber, it said yesterday, ending a ferocious…

XINHUA, WELLINGTON: Trade Minister Todd McClay yesterday laid out a change in approach to New Zealand’s trade policy, with a renewed focus on the World Trade Organisation (WTO) and a stronger opposition to trade barriers. The existing trade policy strategy had been both flexible and robust and…

AFP, LONDON: Global stock markets mostly fell yesterday on poor post-Brexit manufacturing data, with Italy rocked also by stress tests which sparked fresh…

AFP, SYDNEY: Leading Australian publisher Fairfax Media said yesterday it would post nearly Aus$1 billion in writedowns in the year to July, while it…

Stocks market inched up yesterday on marginal rise in the large-cap securities when some investors were buying mostly for repositioning, reports BSS. All the major sectors including cement, engineering, fuel and power and pharmaceuticals gained on the day, taking price indices to green zone at the country's…

AFP, SINGAPORE: Singapore’s central bank yesterday formally launched a unit to fight money laundering, strengthening the financial hub’s safeguards…

AFP, BANGKOK: Thailand’s military rulers yesterday said a rice subsidy scheme by the government it ousted cost the state more than $8 billion, adding former leader Yingluck Shinawatra should be personally sued for the loss. Yingluck, Thailand’s first female premier, was booted from office…

Export Promotion Bureau (EPB) will participate a five-day international trade fair (Ambiente Frankfurt - 2017) schedule to begin February 10, 2017 in Frankfurt, the business hub of Germany, says a press release. EPB is providing subsidised stalls to increase the exports of handicrafts, jute, ceramics,…

AFP, LONDON: British drugs giant GlaxoSmithKline announced yesterday that it will form a joint venture with Google’s parent company Alphabet to research and develop so-called bioelectronic medicines. GSK has agreed with Verily Life Sciences (formerly Google Life Sciences) to create a new company…

Ashraful Moqbul joined Sonali Bank Limited as chairman of board of directors, the bank said in a statement yesterday. Prior to the joining, Ashraful Moqbul…

Mehmood Husain yesterday joined NRB Bank Limited as managing director and CEO, the bank said in a press statement yesterday.   Prior to the appointment,…

Walton has declared the year 2016 as ‘service year’ with the aim to become more customer-friendly, the company said in a statement. Walton Service Management System (WSMS) officials said they started the current year with the challenge of ensuring swift and best post sales service, along…