Industries Minister Amir Hossain Amu has asked the officials of Bangladesh Standards and Testing Institution (BSTI) to take stern action against those involved in producing counterfeit and adulterated products in the country, reports BSS. “To prevent selling of fake and adulterated products you…

The government should strengthen monitoring and deploy mobile courts to ensure safe food ahead of the holy month of Ramadan, speakers at a city workshop…

Six new ships will be added with Bangladesh Shipping Corporation (BSC) by 2018, said an official release in Dhaka yesterday. The ships would be bought from China National Import and Export Machineries Corporation (CMC) at a cost of Tk 1,843 crore. "Each ship will have 39,000 tonnes capacity. The…

State Minister for Information and Communication Technology Zunaid Ahmed Palak yestrday informed that 2,600-union will come under optical fiber by 2018, reports BSS. "The project would be implemented with the financial assistance of Chinese government and a lone agreement will be signed soon between…

AFP, BEIJING: Slapping import bans on products like mangoes, coal and salmon has long been China’s way of punishing countries that refuse to toe…

AFP,NEW YORK:  Having won over Wall Street and Silicon Valley with a low-cost messaging platform that aims to remake the way traders communicate,…

AFP,HANOI:  Asia-Pacific trade ministers agreed yesterday  to attempt to resuscitate a massive free trade pact thrown into doubt by a Donald Trump-inspired US pullout, as fears rumble of a new global era of protectionism.  The 12-nation Trans-Pacific Partnership covered 40 percent of…

AFP,ATHENS:  Greece told its EU-IMF creditors yesterday  there should be “no excuse” for delays to debt relief payments now that Athens has “fulfilled its obligations” with new austerity cuts. The appeal came on the eve of a meeting of eurozone finance ministers in…

Stocks opened the week down yesterday as all indices on the country’s both bourses-Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-witnessed…

AFP, MADRID: Spain's labour market reform has helped bring down sky-high unemployment but critics complain the bulk of the jobs it created offer lower salaries and less security. Without the 2012 law "we would not have dared to expand so quickly," said Juan Martinez, the manager of a Kia…

AFP, TOKYO: Japanese mobile carrier SoftBank said, with Saudi partners, it has raised nearly $100 billion in pledges to launch a major global fund for long-term, high-tech investments. The SoftBank Vision Fund has received participation from industry titans and the likes of Apple, Qualcomm, and Taiwan's…

AFP, RIYADH: Saudi Arabia's energy minister expressed confidence yesterday of extending a global cut in oil production designed to boost prices. Khalid al-Falih spoke ahead of a meeting on Thursday between the Organization of the Petroleum Exporting Countries (OPEC) and Russia, where they are expected…

Moshiur Rahman Chowdhury has recently been appointed as president and managing director of AB Bank Limited, the bank said in a statement yesterday.  Prior to that, he was deputy managing director and head of credit of the bank. He joined AB Bank Limited as vice president in Credit Risk Management…

Mohammad Shamsul Islam has recently joined NRB Global Bank Limited as deputy managing director, the bank said in a statement yesterday. Prior to the joining in NRB Global Bank, he was the executive vice president of AB Bank Limited. Islam has started his professional banking career back in 1989 with…

AFP, WASHINGTON: US asset management giant Blackstone and Saudi Arabia's main sovereign wealth fund announced Saturday they are launching a $40 billion investment vehicle to finance infrastructure renovation in the United States. The announcement comes as President Donald Trump, who has promised…

Share trading at Dhaka Stock Exchange (DSE) will take place from 10am to 2pm without any break during the upcoming holy month of Ramadan, reports BSS. The DSE office will remain open from 9am to 3.30pm during the month, said a DSE media release yesterday. DSE trading and office will get back to normal…

The US-based technology major Apple has started selling iPhones at select stores in the country that were assembled in India as part of its trial run, reports the Economic Times.  "Apple is selling iPhone SE in India at select stores. These phones were assembled in India on trial basis in…