The Japanese Honda Motor Company has planned out  a project to manufacture motorcycle in Bangladesh next year as the company’s  concern…

State-owned mobile phone operator Teletalk plans to install over 400 solar power-based Base Transceiver Stations (BTSs) in hard-to-reach areas to facilitate modern telecommunication services to the inhabitants of those areas, reports BSS. To this end, the operator has submitted a proposal to the posts…

World Bank (WB) yesterday pledged to provide $457 million to Bangladesh to help develop private sector-led infrastructure projects, as well as diversify exports in labour-intensive and globally competitive industries such as leather goods, footwear, plastics, and light engineering. Two financing agreements…

AFP, NEW YORK: US business schools are beefing up training in the software that underlies digital currency bitcoin, a technology expected to be a game changer in many industries. The move makes sense as more students seek careers in financial technology, or “fintech,” which has captivated…

Stocks open week down as major sectors closing the session with falling trend at both Dhaka and Chittagong Stock exchanges yesterday, reports BSS. Among…

AFP, RIYADH: Shares in Kingdom Holding, 95 per cent of which is owned by billionaire Prince Al-Waleed bin Talal, dived 9.9 per cent as the Saudi stock exchange opened Sunday after reports of his arrest. The Saudi Tadawul All-Shares Index (TASI) also dropped 1.6 per cent only a minute after the start…

Fresh from having divested its shipyard business, Cosco Shipping International has launched a S$490 million cash buyout of Cogent Holdings at S$1.02 a pop, reports The Business Times. It also plans to buy Indonesian shipping logistics company PT Ocean Global for S$14 million, also in a cash deal. These…

AFP,  SAN FRANCISCO: US wireless operators Sprint and T-Mobile announced Saturday they had called off merger talks after failing to clinch mutually agreeable terms, ending a potential tie-up that would have dramatically impacted the sector in the United States. T-Mobile, an affiliate of Germany’s…

Tariqul Azam has joined Standard Bank Limited (SBL) as additional managing director recently, said a press statement. Prior joining SBL, he was additional…

The Danish company Novozymes, the world leader in biological solutions for wet processing, has awarded eight textile manufacturers in Bangladesh for their contribution to sustainable production, a press statement said yesterday. The awards were handed over to the recipients at the Novozymes CombiPolishTM…

Abdus Salam has been appointed as adviser of First Security Islami Bank Limited (FSIBL), the bank said in a press statement yesterday.   Prior to…

Xinhua, KUALA LUMPUR: As the 25th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting is to be held in Vietnam later this month, experts in Malaysia hope that the summit could push for greater economic ties and expect China to take the lead. Malaysia’s economy recorded an…