With all major economic indicators performing strong in the outgoing year 2016, the economy is showing prospect of maintaining the steady growth pace…

Chairman of the Bangladesh Telecommunication Regulatory Commission (BTRC) Shajahan Mahmood yesterday said they will be able to assess the service quality of mobile operators as they have procured necessary equipment for it, reports UNB. The measurement process will start soon, said the BTRC chief at…

The government yesterday signed with the Asian Development Bank (ADB) a $167 million loan agreement for financing a project to improve infrastructure and operational efficiency of the country's gas sector.  The Asian Infrastructure Development Bank (AIIB) is expected to co-finance the project…

Society of Indian Automobile Manufacturers (SIAM), an apex industry body representing leading vehicle and vehicular engine manufacturers in India, wants to help Bangladesh have strong vehicle and component manufacturing bases in Bangladesh, says a press release. The government of Bangladesh is very…

AFP, WASHINGTON: Telecom firm Sprint said it will create 5,000 US jobs over the next 15 months, and pledged Wednesday to work with President-elect Donald Trump to boost the US economy. Trump first made the announcement at his luxury Florida resort Mar-a-Lago, telling reporters that Sprint called him…

AFP, TOKYO: Toshiba shares plunged by double digits yesterday for a third straight session, as investors dumped the stock on expectations the company…

AFP, WASHINGTON: Handing out multibillion-dollar fines right and left to domestic and foreign financial giants, the United States has taken on the role of the unforgiving global cop of the business world. In stark contrast to the relative inertia of white-collar law enforcement in Europe, Washington…

AFP, RIO DE JANEIRO:  At the foot of a tall building in downtown Rio de Janeiro, government workers line up for donated groceries, unable to buy…

AFP, LONDON:  European stock markets fell yesterday as investors cashed in their profits one day after a so-called “Santa Rally” propelled London to a record peak. Sentiment was subdued however on the penultimate trading day of the year, with many traders away for extended festivities…

Stocks finished the year 2016 upward yesterday with rising trend of price index driven mainly higher transaction of some large-cap securities including…

AFP, PORT-AU-PRINCE:  Haiti’s economy expanded by only 1.4 per cent this year, according to official figures released Wednesday, as the impoverished country’s electoral crisis is discouraging investment, with prospects for 2017 even more dismal. The country has been wracked by political…

AFP, DUBAI: Dubai's Emirates said yesterday it has reached an agreement with Rolls-Royce over a "technical issue" relating to the engines of Airbus's A380 superjumbo, and confirmed receiving one plane this week. The carrier also said it "will continue to receive deliveries of…

AFP, FRANKFURT AM MAIN: Lending to households and companies picked up in November in the eurozone, the European Central Bank said yesterday, signalling that its efforts to encourage spending and investment are gaining traction. Loans to households in the single currency area grew by 1.9 per cent year-on-year,…

Okapia Mobile is going to launch new flagship smartphone ‘Titan’ in the coming year, a press statement said yesterday. The smartphone features full metal body and 64-bit quad-core processor with 500-lumen display, the statement added. Tofazzul Hossain, managing director of Okapia, says “To…

Xinhua, BEIJING: Automobile sales are expected to slow next year after a boom in 2016, the Ministry of Commerce (MOC) said yesterday. Growth in auto sales in 2017 could slow to an annual 2 percent to 6 per cent, said MOC spokesperson Shen Danyang, citing industry estimates. About 25 million cars were…