Road Transport and Bridges Minister Obaidul Quader yesterday said the formal process to sign a deal with Japan International Cooperation Agency (JICA) for constructing the 37-km long Metrorail Route-1 will be completed in January, reports UNB. A high-profile JICA team will visit Bangladesh on January…

The Bangladesh Petroleum Corporation (BPC) yesterday signed a deal with China Petroleum Pipeline Bureau (CPPB) to set up a single-point mooring (SPM) project with a double pipeline for the state-run Eastern Refineries Ltd (ERL). To be built in the Bay of Bengal, SPM is an infrastructure from which petroleum…

The International Labour Organisation (ILO) along with some major donors is extending collaboration with the government to improve further the working…

United Enterprise and Company Ltd has been selected by the Bangladesh Power Development Board (BPDB) as the highest bidder for 100MW Jamalpur project. The single bidder’s price was US$ 0.113196 cent per unit. Jamalpur project is capable of producing 100MW power electricity supply.  According…

Local Government, Rural Development and Co-operatives Minister Khandaker Mosharraf Hossain yesterday stressed the need for a concerted effort to achieve the Sustainable Development Goals, reports UNB. “The present government is pledge-bound to implement Sustainable Development Goals. As Bangladesh…

AFP, MOSCOW: The Kremlin on Wednesday said that Russia had finalised a deal to privatise 19.5 per cent of state-owned oil giant Rosneft. Rosneft chief…

AFP, TOKYO: Japan’s third-quarter GDP was weaker than thought with a 0.3 per cent expansion, revised data showed yesterday, as slack corporate spending held back the world’s number three economy. The latest figures were lower than an initial estimate of 0.5 per cent growth in the July-September…

AFP, PAYERNE: Just months after two Swiss pilots completed a historic round-the-world trip in a Sun-powered plane, another Swiss adventurer on Wednesday…

AFP, BEIJING: Chinese exports beat expectations in November, a positive sign for the global economy, but analysts warned yesterday of an uncertain outlook…

A Singaporean Telecommunication Company is working to connect Bangladesh with five East Asian countries through undersea cable for bandwidth sharing, reports BSS. The initiative would require no cost from Bangladesh, rather pave the way for the country to export its unutilised bandwidth, said officials.…

The major price index of Dhaka Stock Exchange (DSE) reached yesterday at about two-year high which was 14-month high in the last session of previous week,…

AFP, BEIJING: A Chinese company yesterday said it had scrapped plans to purchase German semiconductor equipment maker Aixtron after US President Obama blocked the deal on security concerns. The Chinese government-backed Grand Chip Investment said its offer could no longer be fulfilled after Washington…

AFP, GUATEMALA CITY: As part of Britain's push to boost international prospects post-Brexit, a junior foreign minister is traveling to Central America and Mexico next week on a trip to emphasize free trade. Joyce Anelay, minister of state under Foreign Minister Boris Johnson, will start off in Guatemala…

National VAT Week begins to with a slogan “VAT Dichchhe Janogan, Desher Hochchhe Unnayan”, reports BSS. In observance of the week, National Board of Revenue (NBR) will bring out a colourful rally from NBR’s Segunbagicha officer premises, NBR chairman Md Nojibur Rahman told journalists…

AFP, NEW YORK: US coffee giant Starbucks outlined plans Wednesday to add 12,000 cafes globally by 2021, including a group of new premium stores that will showcase rare coffees and gourmet food. The store expansion includes previously-announced plans to add more than 5,000 stores in China, a market that…

The Jatiya Sangsad yesterday passed the "Palli Sanchay Bank (amendment) Bill, 2016" with the objectives of motivating the rural poor and underprivileged people in savings, empowerment of women along with increasing their skill, and creating village organizations for economic and social development,…

AFP, LONDON: Companies from Australia, China and Qatar have purchased a majority stake in the gas distribution business of Britain's National Grid, the group announced on Thursday. The international consortium, led by Australian investment bank Macquarie and including sovereign wealth funds from…