ILO Director-General Guy Ryder has praised progress made by Bangladesh to improve working conditions and grow its economy while calling for the benefits…

Axiata Group Berhad and its wholly-owned subsidiary, edotco Group have announced a record US$ 600 million equity private placement deal with Innovation Network Corporation of Japan and Khazanah Nasional Berhad for primary and secondary edotco shares. Of which, the Innovation Network Corporation…

Finance Minister AMA Muhith yesterday asked the DSE Brokers Association of Bangladesh (DBA) to give specific proposals to help further development of the country’s capital market to the greater benefit of the national economy, reports BSS.  “I want two proposals on negative equity…

AFP, SINGAPORE:  With the pre-Christmas rush at its peak, a serpentine network of conveyor belts at Singapore Post’s new logistics centre moves parcels destined for addresses across the world in time for the festive season. It is a scene repeated in sorting offices around the globe in December,…

AFP, BEIJING: China will slap fines on an unnamed US carmaker for monopolistic behaviour, the state-run China Daily said yesterday, as rhetoric over trade heats up between Beijing and US president-elect Donald Trump. A penalty will be issued “soon” against an American firm for telling distributors…

Google is putting its self-driving car technology into a new company which it will call Waymo, the firm has announced, reports BBC.  The new business, Waymo, will be owned by Google’s parent company, Alphabet. It signals a push to commercialise the technology which Google has been developing…

AFP,FRANKFURT AM MAIN:  With a single 1970s train in orange livery and a little crowdfunding help, a plucky Berlin start-up is challenging the might of Germany’s state rail operator, Deutsche Bahn. At 6:20 am (0520 GMT) yesterday, the first Locomore train will leave Stuttgart in Germany’s…

The benchmark price index of Dhaka Stock Exchange (DSE) reached at about 23-month high yesterday on higher transaction which drove the total value of the share to over Taka 1,000 crore, reports BSS. DSEX, the major price index of DSE, added 37.32 points at close to finish the day at 4906.92 which was…

The Hongkong and Shanghai Banking Corporation Limited in Bangladesh has started recognising its eligible good borrowers for the year 2015 – a directive which was initiated by the Bangladesh Bank. HSBC has started to pay out the incentive to good borrowers for the first time in Bangladesh. The…

AFP, MUMBAI: India’s Tata has ousted Cyrus Mistry as a director of its cash cow IT business Tata Consultancy Services as the Indian conglomerate  steps up its purge of its former chairman. TCS said in a statement late on Tuesday that shareholders had voted overwhelmingly at an extraordinary…

AFP, TOKYO: Confidence among some of Japan’s biggest firms has rebounded for the first time in over a year, a key central bank survey showed Wednesday, as a sliding yen boosts profit hopes. The Bank of Japan’s Tankan report—a quarterly survey of more than 10,000 companies…

Barracuda Networks of USA, recently organized a product and portfolio presentation session for the B2B segment in Dhaka recently, says a press release.  Barracuda is widely known as one of the global leaders in security, application delivery and data protection solutions.  The event was…

Fortinet, one of the global leaders in high performance cyber security solutions, yesterday announced that it has appointed Smart Technologies as its first value-added distributor in Bangladesh to expand its business and security market footprint, says a press release.  Smart Technologies, which…

AFP, WASHINGTON: US banking regulators Tuesday said they are prohibiting Wells Fargo from opening new international branches until it fixes continuing deficiencies in its bankruptcy plan. The so-called “living will” is required of all large US banks to ensure that in the event they need…