Speakers at a seminar yesterday underscored the need for an integrated role of non government organisations (NGOs) in achieving the targets of Sustainable Development Goals (SDGs), reports BSS. “Different NGGs work in single sector or multiple sectors . . . but every NGO should make voluntary…

The Parliamentary Standing Committee on Social Welfare Ministry yesterday suggested the government to enhance the allocation for social safety net in the upcoming budget, reports UNB. It also suggested the Social Services Department to provide financial assistance to helpless patients with deadly liver…

Star Infrastructure Development Consortium Limited (Star Consortium) and Kunming Iron and Steel Company Limited (KISC) will jointly set up a steel plant with an annual production capacity of two million tonnes in Mirsarai economic zone of Chittagong, reports BSS. A delegation of KISC, Star Consortium…

Law Minister Anisul Huq yesterday said the cabinet has already given its approval in principle to the draft of Digital Security Act and the ministry is now scrutinizing it, reports BSS. “All the ambiguities of section 57 of the Information and Communication Technology (ICT) Act will be cleared…

AFP, BRUSSELS: The European Commission yesterday fined US social media giant Facebook 110 million euros ($120 million) for providing incorrect and misleading…

AFP, BEIJING: Chinese e-commerce giant Alibaba said yesterday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping. Alibaba, which has made billionaire founder Jack Ma one of China's richest men, is a dominant player in online commerce and its robust…

“You gain strength, courage, and confidence by every experience in which you really stop to look fear in the face.  You must do the thing which…

AFP, SINGAPORE: Singapore Airlines (SIA) yesterday reported a net loss in the fourth quarter, causing full-year profit to drop by more than half as intense competition continued to buffet the carrier. SIA has been battling strong competition from Asian low-cost carriers and Middle Eastern airlines,…

Stocks ended the week yesterday downward with falling trend of major indices at Dhaka and Chittagong stock exchanges on lower transactions, reports BSS.…

AFP, MUMBAI: Indian software trade body Nasscom yesterday dismissed widespread media reports of mass layoffs in the country's hugely important information technology industry but warned that the sector must reinvent itself. IT outsourcing has long been one of India's flagship industries but…

AFP, FRANKFURT: European Central Bank governors will take a fresh look at their easy-money policy in June, with new economic forecasts on hand, an account of their April meeting showed yesterday. June will bring new projections from ECB staff, "putting the governing council in a better position…

Development activists and volunteers in Rajshahi have stressed on marginalised population access to green banking services for promotion of renewable energies in grassroots level, reports BSS. They advocated for making the existing bank loan conditions towards solar system, biogas plant, vermicomposting…

AFP, NEW YORK: Wal-Mart Stores scored another increase in sales at its US namesake stores in first-quarter results released yesterday, but earnings dipped on higher expenses. The world's biggest retailer reported earnings of $3.0 billion in the first quarter of fiscal 2018, down 1.3 per cent from…

Walton has brought environment friendly and energy saving refrigerator with ‘digital display’ in its existing models, the company said in a press statement yesterday. The latest model of 323-litre or 17 CFT non-frost refrigerators runs on HCFC free R600a gas that neither depletes the ozone…

AFP, FRANKFURT: Germany's biggest lender Deutsche Bank expects to recover "significant" sums from former executives over past failures, its supervisory board chief said yesterday. "I can report today that the supervisory board is in advanced talks with the affected (former) board…

Oil prices rallied on Wednesday as US  crude stockpiles declined for a sixth straight week, reports Xinhua. The US Energy Informa-tion Administration (EIA) said in its weekly report Wednesday that US crude inventories fell by 1.8 million barrels last week, extending its losing streak to a sixth…