Countries in Asia and the Pacific with developed financial markets, strong local financial institutions, and diverse financing resources are more likely to secure public-private partnership (PPP) projects, according to a new Asian Development Bank (ADB) report released yesterday, reports BSS. The Public-Private…

Xinhua, NEW YORK: Oil prices climbed on Wednesday as official data showed US inventories fell more than expected last week. US commercial crude inventories declined by 1.9 million barrels in the week through Nov. 17, US Energy Information Administration said in a weekly report on Wednesday. Market analysts…

US dollar continues to gain strength against Bangladesh taka (BTD) as the demand for the greenback has shot up due to a rise in the import of capital machineries and essential commodities, including food grains, reports BSS. "Though the exchange rate was depreciating in the world market in the…

The leaders of labour organisations yesterday demanded a decent salary for the garments workers, who are the major contributors to the country’s economy, reports UNB. They also urged the authorities concerned to increase the basic salary of the workers so that they can lead a decent life and at…

Stocks ended the week yesterday upward with rising trend of major indices at Dhaka and Chittagong stock exchanges on higher transactions, reports BSS. The daily average trade value at DSE was 6.2 per cent up at Tk 994.75 crore and the trade volume was 13.9 per cent up at 27.77 crore shares. The broader…

Mobile phone operator Robi has posted 4 per cent revenue growth in the third quarter (Q3) this year on the back of sustained investment, the company said…

Bangladesh Telecommuni-cation Regulatory Commission (BTRC) canceled the spectrum of ‘World Tel Bangladesh Limited’ for violating some sections of Bangladesh Telecommunication Act 2001. A letter issued and signed by Lt Col Sufi Mohammad Moinuddin, SUP, SC, and Director of Spectrum Division…

Industries Minister Amir Hossain Amu yesterday said Bangladesh can be a role model for the Least Developed Countries (LDCs) in taking different initiatives and strategies to achieve higher economic growth, reports BSS. “Bangladesh has established a new example before the world by attaining 7.28…

The country’s land ports earned a  total revenue of Tk 111.44 crore in 2016-17 fiscal while the expenditure was Tk 53.44 crore, reports BSS. This was disclosed at the 48th meeting of the Parliamentary Standing Committee on Shipping Ministry yesterday with its Chairman Major (Retd) Rafiqul…

AFP, HELSINKI: Finland’s Rovio Entertainment, creator of the popular smartphone game Angry Birds, yesterday posted a loss for the third quarter despite rising sales, as it increased its investments with a view to boost its winnings in future. Sales reached 70.7 million euros (nearly $84 million)…