The Cabinet yesterday approved the draft of ‘The Bangladesh Wheat and Maize Research Institute Bill, 2016’ seeking to formulate policies for the development and production of wheat and maize and implement those, reports UNB. The approval came from the regular weekly meeting of the Cabinet…

Bangladesh has sought support from the international community to make the forthcoming Global Forum on Migration and Development (GFMD) Summit, to be…

The National Board of Revenue (NBR) fetched a surplus of Tk 80 crore for the national exchequer in the first two months of the current fiscal year from duty on export and import items, reports UNB. The revenue collecting agency earned Tk 7,682 crore in the July-August period of the current fiscal…

The Cabinet yesterday approved the draft of “The National Tax Card Policy, 2010 (Amendment)” increasing the number of national tax cards to 125 from existing 20, reports UNB. “The new policy has proposed raising the number of national tax cards to 125 from existing…

AFP, WASHINGTON: US inflation was steady in September while consumer spending rose faster than incomes, the Commerce Department reported yesterday. The report was released a day before the start the two-day meeting of monetary policymakers, who are expected to leave rates unchanged at least until next…

Mahtab Uddin Ahmed will take over the charge of Managing Director (MD) and Chief Executive Officer (CEO) of Robi Axiata Limited today.  He will be succeeding Supun Weerasinghe who had served the company since January 2014, says a press release. Supun will return to Dialog Axiata Plc (Dialog),…

AFP, TOKYO: Shares in three Japanese shipping firms soared yesterday on news that they are merging container businesses with combined annual revenues…

AFP, LONDON: Japanese car giant Nissan was persuaded to make a major investment in Britain this week by promises that the government would seek continued tariff-free access to EU markets after Brexit, a minister said Sunday. Business Secretary Greg Clark has been under pressure to explain…

AFP, BRUSSELS: Growth in the eurozone remained stable at 0.3 per cent in the third quarter of 2016 as inflation rose to a 27-month high, official EU data showed yesterday. The figured showed that the recovery in the 19-nation single currency area remained cautious amid fears about the fallout of Brexit…

AFP, TOKYO: Sony cut its annual profit forecast by a quarter yesterday, citing the sale of its battery business, as the electronics giant sheds businesses to bolster its bottom line. The company now expects a net profit of 60 billion yen ($572 million) in the fiscal year through March, down from an…

Stocks extended loss to maintain falling trend for the second consecutive day of the week yesterday as most of the major sectors closed lower, reports BSS. Among the falling major sectors were financial institutions, textile, jute, mutual fund and IT sector when 123 securities of the large-cap group…

AFP, KUWAIT CITY: The Gulf state of Kuwait, under financial stress due to low oil prices, plans to end all forms of public subsidies by 2020, a report published yesterday said. A committee set up by the finance ministry to review all public subsidies said it plans to gradually reduce subsidies until…

AFP, WASHINGTON: US telecom group CenturyLink announced yesterday it was acquiring Level 3 Communications for $34 billion including debt, boosting its position as a global internet and fiber communications provider. The cash-and-stock deal provides a 42 per cent premium to Level 3 shareholders as of…

A three-day Leathetech Bangladesh 2016 will begin on November 3 in the capital to showcase the local leather goods and international companies will share their expertise.  Different local and international companies will display their machinery, components, chemicals and accessories for leather,…

AFP, NEW YORK: General Electric announced yesterday the merger of its oilfield unit with Baker Hughes, betting the combined company will be better positioned for the industry’s rebound after the crude price crash. GE will inject its huge oil and gas operations into Baker Hughes and take a 62.5…

XINHUA, BEIJING: China and France signed a social insurance agreement yesterday that will exempt company employees assigned to work in each other’s countries from the mandatory social insurance contributions. Kong Changsheng, vice minister of China’s Ministry of Human Resources and Social…

AFP, TOKYO: Japan’s Panasonic yesterday its annual profit and revenue forecasts, blaming the impact of a strong yen and a poor showing in its solar panel business. The firm—which has been undergoing a huge restructuring after record losses -- said it now expects net profit to come at 120…