Commerce Minister Tofail Ahmed yesterday invited Singaporean entrepreneurs to invest in many of the country's promising sectors, including garment, IT, pharmaceuticals, shipbuilding as well as leather products, furniture and frozen fruit industries, reports UNB. He was addressing a business seminar…

AFP, MUMBAI: British mobile phone giant Vodafone will merge its Indian unit with Idea Cellular to create India's largest telecoms operator, the firms…

AFP, SYDNEY: Homelessness is on the rise in Australia, experts warn, with a growing number of people failing to benefit from the nation's stellar economy as it readies to mark a record 26 years without a recession. The unprecedented economic expansion -- fuelled by a massive mining investment boom…

AFP, SEOUL: Four members of the family who control South Korea's troubled retail giant Lotte, including its 93-year-old founder, went on trial yesterday for embezzlement, tax evasion and fraud. The proceedings against company chairman Shin Dong-Bin, 61, his brother, sister and father -- plus the…

AFP, PHNOM PENH: Cambodia has temporarily stopped an American company from exporting locally-pumped human breast milk, the news agency has learned, after reports highlighted how some of the country's poorest women were supplementing their income through the trade. Utah-based company Ambrosia Labs…

AFP, BRASÍLIA: Brazil tried to reassure the world Sunday that its huge meat industry poses no threat despite allegations that major exporters have been selling tainted beef and poultry with falsified inspection certificates. President Michel Temer held crisis talks in the capital Brasilia with…

Stock markets finished the second session of the week yesterday flat as major sectors closing the session with falling trend at both the Dhaka and Chittagong Stock exchanges, reports BSS. Among the falling major sectors were ceramics, food and allied, financial institutions and insurance when 144 securities…

Xinhua, BEIJING: China’s central bank renewed its net cash injections via open market operations yesterday after suspending the move for 17 trading days. The People’s Bank of China (PBOC) conducted 100 billion yuan (about 14.5 billion U.S. dollars) of reverse repos, a process by which the…

AFP, CAIRO: Egypt has received its first two oil shipments from Saudi giant Aramco after deliveries were suspended for several months over political differences, an oil ministry spokesman said on Sunday. "On Friday and Saturday, we received the first two deliveries after a resumption of the contract…

A four-day Thai trade show is set to begin from tomorrow aiming to help expand trade relations between Thailand and Bangladesh, reports BSS. Commerce Minister Tofail Ahmed will inaugurate the trade show titled "Thailand Week 2017" on Wednesday morning in capital's Sonargaon hotel, said…

AMF, KIEV: The International Monetary Fund will not approve a new $1 billion loan payment for Ukraine yesterday as scheduled, due to "recent developments" in the country, the IMF confirmed. Ukraine's Finance Ministry on Sunday announced that the approval process for the loan was delayed…

AFP, WASHINGTON: Ridesharing giant Uber took another hit with the departure of its president, Jeff Jones, after just six months, US media reported on Sunday. Jones' departure comes after a series of difficulties at Uber, Recode and The Wall Street Journal reported. According to Recode, Jones had…

AFP, MUNICH: Two former executives of the bank that was Germany's biggest casualty of the 2008-2009 financial crisis went on trial Monday for their alleged role in the institution's troubles. Georg Funke, the former chief executive of Hypo Real Estate (HRE), and former chief financial officer…