AFP, RIYADH: Saudi Arabia is ready to implement a region-wide value added tax, the cabinet said yesterday, giving final approval to the measure which will take effect next year. Cabinet “decided to approve the Unified Agreement for Value Added Tax” to be implemented throughout the six-member…

The ongoing month-long Dhaka International Trade Fair (DITF) at Agargaon in the capital is witnessing huge crowd buying more local products compared to…

All non-resident Bangladesh nationals (NRB) and persons of Bangladesh origin including those have dual nationality and originally residing abroad are permitted to open Non-Resident Foreign Currency Deposit (NFCD) accounts with the Authorized Dealers (ADs), Bangladesh Bank said at a circular yesterday.…

Biman Bangladesh Airlines has announced special offer for the business class passengers on Dhaka-Chittagong and Dhaka-Sylhet routes, reports BSS. Under the offer, anyone can travel on business class with wide-bodied aircraft of the national flag carrier at Tk 5,500 on Dhaka-Chittagong-Dhaka (one way)…

Railways Minister M Mazibul Haque yesterday said the government would restore all the shutdown railway routes with India, reports BSS. “Prime Minister Sheikh Hasina has already instructed the Railways Ministry to restore the closed down railway routes with India,” the minister told the Jatiya…

AFP, NEW YORK: Silicon Valley heads have slammed US President Donald Trump’s temporary ban on refugees and many Muslims from entering the United…

AFP,TOKYO:Toyota lost its crown as the world’s top-selling automaker in 2016, company figures showed Monday, with the Japanese giant overtaken by Volkswagen as the industry prepares for an uncertain trade environment under Donald Trump. The German automaker moved back into the top spot despite…

It's likely that your approach to cloud infrastructure adoption was cautious at first. You may have limited your focus to rapid provisioning, or reducing equipment and operational costs. But the benefits of the cloud have been impossible to resist. It continues to evolve, gaining credibility across…

AFP, FRANKFURT AM MAIN:  German insurance heavyweight Allianz is interested in buying Australian competitor QBE, German business daily Handelsblatt reported yesterday, although the second company denies talks are going on. Chief executive Oliver Baete met with QBE counterpart John Neal in…

The Cabinet yesterday approved the draft of the Bangladesh Ship Recycling Bill, 2017 keeping a provision of tougher punishment for violation of the law, aiming to give a further boost to the country's potential ship recycling industry, reports UNB. The approval came from the regular weekly…

Bangladesh Rural Electrification Board will bring 146 Upazilas under 100 per cent electrification activities within the current 2016-17 fiscal year, said a press release issued by BREB.  The board is also working to bring all 460 Upazilas under 100 per cent electrification activities to keep up…

AFP, MUMBAI: British mobile phone giant Vodafone said Monday that it was in talks to merge its Indian unit with Idea Cellular in a move that would create India's largest telecoms company. The confirmation ended months of speculation that the two operators were exploring a deal to help fend off Reliance…

A delegation from the US Embassy in Dhaka visited the Beximco Industrial Park in Savar recently, the company said in a statement yesterday.   They were welcomed by Syed Naved Husain, CEO and group director of Beximco Ltd. The team visited the woven fabric manufacturing unit, yarn manufacturing…

PN Iyer, has joined as CEO and managing director of the Thailand-based Siam City Cement (Bangladesh) Limited, the company said in a statement yesterday.  The company with its 47 years of journey in the cement world has already embarked on its footmark with the grand launch of INSEE Cement…

Rafiqul Alam has recently joined Agrani Bank Limited as deputy managing director, the bank said in a statement yesterday.  Prior to his new position, he was deputy managing director of BDBL.  He was earlier general manager of Agrani Bank Limited.  He started his career as senior…

Sony has taken a hefty writedown on the value of its movie business as the unit suffers from falling DVD and home entertainment sales, reports BBC It has taken a 112bn yen ($1bn; £780m) charge, citing "an acceleration of market decline". The rise of online streaming services has…