Over 27 lakh jobs will be generated in the current fiscal year (FY 2016–17), announced planning minister AHM Mustafa Kamal. “Every fiscal year, 20 lakh new heads enter the job market. This time, 6–7 lakh jobs will be created outside the country, and many people will go abroad. The…

The Parliamentary Committee on Public Undertakings on Monday suggested Biman Bangladesh Airlines to make its luggage handling system more time-befitting one, reports UNB. The committee came up with the suggestion at its 31st meeting held at Jatiya Sangsad Bhaban with its chairman Shawkat Ali in the…

The government will sign today a $200 million loan deal with the Asian Development Bank (ADB) for giving a further boost to the country’s Small and Medium Sized Enterprises (SMEs), reports BSS. ADB country director Kazuhiko Higuchi and ERD Secretary Kazi Shafiqul Azam will sign the agreement at…

Just eight super-rich men hold the same amount of wealth as the poorest half of the world’s population, according to an analysis from the charity…

AFP, SEOUL:  South Korean prosecutors yesterday sought the arrest of the heir to giant conglomerate Samsung for bribery in connection with a political scandal that has seen President Park Geun-Hye impeached. Samsung, the world’s largest smartphone maker, is already reeling from the international…

AFP,  PARIS:  That smoked salmon you bought for the New Year’s festivities has a story to tell. The salmon may have been raised in Scotland—but…

AFP, HONG KONG: The pound struggled at 32-year lows against the dollar in Asia yesterday after reports said British Prime Minister Theresa May was…

With active participation of retail and institutional investors, the daily turnover value at Dhaka Stock Exchange (DSE) yesterday crossed Tk 1800 crore,…

AFP, ABU DHABI: Money invested in renewable energy is not enough to reach a climate goal of limiting global warming to 2.0 degrees Celsius, an Abu Dhabi-based green energy organisation said Sunday.  Investment in renewables has increased dramatically in the last decade, but “the rate of growth…

AFP, PARIS: French lensmaker Essilor said yesterday it has agreed to buy Italy’s Luxottica, maker of Ray-Ban sunglasses, in a bid to create a new…

Xinhua, BEIJING: China has mapped out a plan to improve the economy, standard of living and environmental conditions to a “new level” in its western regions by 2020, the country’s top economic planner said yesterday. The State Council has released the plan setting goals for the…

Rigel Technologies, a sanitary ware brand of Singapore, has started its journey in Bangladesh with the launch of a showroom in the capital, the company said in a statement yesterday.  Bangladeshi Sanitary Ware Company Tushin is the distributor of Rigel in the country. The showroom was inaugurated…

AFP, WASHINGTON: The International Monetary Fund yesterday boosted its estimates for US growth on expected stimulus spending by the incoming Trump administration, but kept the forecast for global growth unchanged. The IMF's quarterly World Economic Outlook however said the forecasts are beset by…

Xinhua, BEIJING: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 35 basis points to 6.8874 against the US dollar yesterday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2…

JQM Habibullah has been appointed as deputy managing director and company secretary of Islami Bank Bangladesh Limited, the bank said in a statement yesterday.  Earlier, he served as company secretary in First Security Islami Bank, NRB Global Bank and Premier Bank. He worked in Dhaka Bank and GSP…

Bikroy increased its female employee ratio from 29 per cent to 36 per cent in 2016 as part of its commitment to the UN Women-led #HeForShe campaign, a press statement said yesterday.  The online marketplace was a signatory of the UN Women-initiated solidarity campaign for WEPs to establish gender…