A growing e-commerce sector is booming in Bangladesh, and though the market is tiny compared to those of China and India, Bangladesh is striving to catch…

Speakers at a panel discussion called on the government to explore alternatives to the Rampal power plant, observing that the project will have an adverse impact on the biodiversity of the Sundarbans, the largest mangrove forest in the world, reports UNB. They said the country needs no power plant at…

State-owned Power Grid Company of Bangladesh (PGCB) has initiated a move to enhance the transmission capacity of the high-tension Chandpur-Comilla 132 kV transmission line, reports UNB. To this regard, the company yesterday signed a contract with a Chinese-Korean consortium to award the contract of…

National Board of Revenue (NBR) Chairman Md Nojibur Rahman has sought cooperation from the business community to implement the new Value Added Tax (VAT) law, reports BSS. "New VAT law will come into effect from July 1. We need cooperation of the businesspeople to implement this law," he said…

Malaysian entrepreneurs yesterday expressed keen interest to invest in agriculture and food processing, pharmaceutical, energy and infrastructure sectors in Bangladesh, reports BSS. "The visiting delegation of Malaysian investors expressed satisfaction over the investment friendly environment in…

AFP, LONDON: The outlook for London’s financial sector has improved since Brexit was triggered, insists the man charged with its policy, even as…

AFP,NEW YORK: Recent high-profile advertising missteps by Pepsi and skin-care company Nivea underscored anew Madison Avenue’s awkward relationship with racial diversity at a time when the United States is becoming less white. PepsiCo’s ill-fated “Moments” spot, featuring model…

AFP,LONDON: Gone are the days of London’s “pea souper” smogs, but like many European cities, the British capital is once again being…

AFP, NEW YORK: Big US corporations have identified a new strategy for managing irate investors at annual shareholder meetings: Going virtual. This year, about 250 companies are expected to convene their yearly investor tete-a-tete via audio or video, up from 155 in 2016 and just 26 in 2012, according…

Stock markets opened the week down as major sectors closing the session with falling trend at both the Dhaka and Chittagong stock exchanges yesterday,…

Xinhua, YANGON: Myanmar’s new investment law, endorsed by the parliament in October 2016, has taken effect with its rules and regulations from April, the start of the new fiscal year 2017-18. The law, which was drafted in 2013 based on suggestions from experts and businessmen with the help of…

Microsoft has recently announced the addition of Bangla language to Microsoft Translator, a press statement said. Speaking about the launch, Sonia Bashir Kabir, managing director of Microsoft Bangladesh, said, ’’Introducing Bangla to Microsoft Translator is another example of Microsoft’s…

Al-Amin has recently been promoted to the post of director of sales and marketing of The Westin Dhaka, a press statement said yesterday. Prior to the promotion, he was working in The Westin Dhaka as the director of sales. He joined the in the hotel in 2014. Apart from his career in Marriott (previously…

Xinhua, BEIJING: China’s small and medium-sized enterprises (SMEs) reported growing net profits for 2016, despite slowing growth in the world’s second largest economy. Average net profits of 1,598 SMEs listed on the National Equities Exchange and Quotations (NEEQ) system reached 21.05 million…

AFP, BEIJING: China has opened an investigation into the head of its top insurance regulatory body, the anti-corruption watchdog said Sunday in an announcement that could signal problems for some of the country’s most powerful companies. Xiang Junbo is being probed for “suspected…