The government yesterday signed contracts with a private sponsor to set up three power plants having capacity of total 400 MW, reports UNB. As per the contracts, private firm Bangla Trac Power will set up a 100 MW diesel-fired plant at Noapara in Jessore and a 200 MW diesel-fired power plant at Daudkandi…

Bangladesh Bank (BB) yesterday launched the Internet Banking Fund Transfer (IBFT) for settling interbank transactions to provide more easy, swift and low-cost banking service to the clients, reports BSS. BB Deputy Governor SM Moniruzzaman inaugurated the interbank transactions service at a function…

Stocks ended the week yesterday upward with rising trend of major price indices at Dhaka and Chittagong Stock Exchanges on higher transactions, reports BSS. The daily average trade value at DSE was 6.28 per cent up at Tk 605.52 crore and the trade volume was 26.40 per cent up at 17.68 crore shares.…

AFP, LONDON: Some 10,000 UK financial services jobs could move abroad on the first day of Brexit, the Bank of England predicted Wednesday after warnings of up to 75,000 relocations in total. Back in April, the central bank asked British financial companies to draw up contingency plans based on the assumption…

XINHUA, SEOUL: Online shopping in South Korea hit a new monthly high in September as purchase in the cyberspace increased ahead of the traditional Chuseok holiday, a government report showed yesterday. Transaction in the cyberspace amounted to the largest-ever 6.84 trillion won (6.14 billion US dollars)…

AFP, SHANGHAI: Chinese e-commerce giant Alibaba said yesterday that its net profit soared 132 per cent in an “outstanding” latest quarter, prompting it to raise its projection for full-year revenue growth. Net profit for the three months ending September 30 reached 17.67 billion yuan, ($2.67…

AFP, HONG KONG: Tokyo’s stock market was the Asian standout yesterday, building on a rally and buoyed by a strong US growth forecast and domestic corporate results as well as a weak yen. Shares on the Nikkei 225 index added 0.5 per cent to hit a fresh 21-year high, brushing aside concerns about…

AFP, SAN FRANCISCO: With its new iPhone X, Apple is setting the ambitious goal for itself of reinventing the smartphone, again. The flagship handset marking the 10th anniversary of the first iPhone release, is set to hit stores today, and with it the California tech giant is out to rev its momentum…