Millions of Bangladeshis, living and working abroad, remitted home 1.12 billion US dollars in July, the first month of the current 2017-18 fiscal year (July 2017-June 2018), a central bank official said yesterday, reports Xinhua from Dhaka. The Bangladesh Bank (BB) official told the news agency that…

The National Board of Revenue (NBR) has given its officials a 8-point directive, including beefing up field level surveillance on land-sea ports and airports, to check revenue evasion and siphoning off money from the country, reports BSS. NBR chairman Md Nojibur Rahman held a meeting with the chiefs…

Outgoing Canadian High Commissioner in Dhaka Benoit-Pierre Lramee made a farewell call on President Abdul Hamid at Bangabhaban yesterday, reports UNB. During the meeting, President Hamid expressed his satisfaction over the existing bilateral relations between Bangladesh and Canada, saying the ties are…

AFP, JANAKPUR:  Three years after its last train hit the buffers, landlocked Nepal is building a new railway network to boost its ailing economy—helped…

AFP ,NEW YORK:  As the retail industry churns in the Amazon era, American shopping malls are turning to a new generation of stores, food and entertainment…

AFP, WASHINGTON:  Silicon Valley is finding itself entrenched in battle with the far right over ground rules for the digital world, a conflict that mirrors the polarization of American politics in recent years. The recent firing of a Google engineer for questioning the internet giant’s diversity…

Fifteen EU countries as well as Hong Kong and Switzerland have received eggs contaminated with the insecticide fipronil, the European Commission says. The commission will hold a meeting with ministers and regulators on 26 September, reports BBC. Its food safety chief has called countries to stop "blaming…

Stocks opened the week mixed yesterday with rising trends of the major indices of country’s two stock exchanges, which took the major price index…

AFP, WARRI: Hundreds of protesters have occupied a Nigerian oil facility owned by Anglo-Dutch oil giant Shell, demanding that a local company take over its operations, a community leader said Saturday. "We want Shell to hand over the operations of the flow station to Belema Oil Company because…

The move to hike ceiling of cess on large cars and SUVs to 25 per cent under the new GST regime would impact growth of advanced global models in India…

State-owned Indian OilBSE 0.41 per cent Corp (IOCBSE 0.41 per cent) has bought the country's first shale oil from the US and is looking to step up imports from America as part of its crude diversification strategy, reports The Economic Times. IOC bought 1.9 million barrels of US crude in its second…

Novoair, one of the country's leading private airlines, yesterday announced to operate additional flights to Saidpur and Jessore routes during the upcoming Eid-ul-Azha. "Apart from existing schedule, daily two additional flights will be operated to Saidpur and daily one additional flight to…

Walton, a local manufacturer of electronics products, registered 30.29 per cent growth in sales of its products during the first seven months of the current year compared to the same period a year ago, the company said in a press statement yesterday. According to Walton, the production of fridges in…

AFP, WASHINGTON:  US President Donald Trump will sign a memorandum today that could lead to sanctions against China over its intellectual property practices, administration officials said Saturday. Trump will direct US Trade Representative Robert Lighthizer to determine whether any Chinese laws,…

AFP, RIYADH: Saudi Arabia’s budget deficit halved in the first six months of this year, the finance ministry said yesterday, following sweeping spending cuts and a stabilisation in oil prices. The ultra-conservative kingdom has moved to diversify its traditionally oil-dependent economy following…