State Minister for Power and Energy Nasrul Hamid has urged the private entrepreneurs to come forward to invest in the transmission segment of the country’s power sector, reports UNB. "We have received private investment in generation segment.  Now we want to see private sector investment…

National Board of Revenue (NBR) will celebrate ‘Hal Khata’ today across the country on the occasion of ‘Choitra Sangkranti’, a day before the first day of Boishakh, the first month of Bengali New Year 1424, reports BSS. “We’ll observe Hal Khata with a slogan-payment…

AFP, TOKYO:  Tokyo stocks closed lower yesterday as the yen shot to five-month highs against the dollar over fears about growing tensions in the…

AFP, LONDON: Supermarket giant Tesco revealed yesterday that it fell into an annual net loss of £40 million due to a costly accounting scandal at…

AFP, NEW YORK: - In troubling political times, New York’s latest tourist attraction offers visitors international escapism—a $40 million installation…

AFP, LONDON:  Barclays chief executive Jes Staley is facing a probe by regulators and a “very significant” pay cut after he tried to uncover the identity of a whistleblower, the British bank revealed on Monday. Former JP Morgan investment banker Staley was appointed two years ago to…

Stock markets plunged further yesterday mainly due to price fall in large-cap securities. All the indices at Dhaka and Chittagong stock exchanges closed in red though at lower rate than the previous sessions, reports BSS. The falling major sectors included bank and financial institutions. A total of…

AFP,GENEVA: The World Trade Organization said yesterday it expected global trade to rebound slightly in 2017 but warned that deep political and economic uncertainties risked hampering the recovery. The organisation forecast that global trade would expand by 2.4 percent in 2017, up from just 1.3 per…

AFP,PARIS: World oil production fell in March thanks to a deal to cut output, OPEC said yesterday, but the cartel’s efforts to fight a global glut are threatened by American firms pumping oil with gusto. The world produced a total of 95.82 million barrels per day (mb/d) last month, a fall of 230,000…

AFP, BEIJING: Prices for goods at the factory gate in China jumped in March, the government said yesterday, in a positive sign of strengthening demand for the world’s second-largest economy. The producer price index (PPI) rose 7.6 percent year-on-year in March, according to the National Bureau…

Dusit International, one of Thailand’s foremost hotel and property development companies, is set to open DusitPrincess Dhaka, the company’s first property in Bangladesh, under a long-term arrangement with a subsidiary of Lakeshore Hotels Limited, a press statement said yesterday. Atique…

Reliance Power has signed project agreements with Power Development Board (PDB) for Phase 1 of 750 MW LNG based combined cycle power project at Meghnaghat,Dhaka, which include Power Purchase Agreement (PPA) and Implementation Agreement (IA), a press statement said.  The agreement was signed in…

Xinhua, SINGAPORE: Singapore’s retail sales decreased by 2.5 per cent in February year-on-year, said the Department of Statistics Singapore (SingStat) on Wednesday. Retail sales dropped 4.9 per cent year-on-year excluding motor vehicles, said SingStat in the report. The total retail sales value…

Singer Furniture will arrange Boishakhi fairs at Bogra, Kaliakoir of Gazipur and Hemayetpur of Savar on the occasion of Pohela Boishakh, Bengali New Year, a press statement said.  Attractive discounts, warranty and installment facilities will be offered to the customers during the fair. The fair…

AFP, ATHENS: Greece said it has finalised the sale of 14 regional airports to Germany’s Fraport agreed in 2015 within the framework of a huge international bailout to prevent the country from crashing out of the eurozone. In what had been the first major privatisation drive for the government…