Bangladesh will import 1.4 million tons of crude oil from Saudi Arabia and Abu Dhabi for the current fiscal year 2017-18 to meet the domestic requirement, reports UNB. Cabinet Committee on Public Purchase yesterday approved two separate proposals placed by the Energy and Mineral Resources Division in…

The Anti-Corruption Commission (ACC) yesterday sent notices to former chairman of AB Bank M Wahidul Haque and its Managing Director M Fazlur Rahman to face questioning in a graft allegation, reports BSS. The commission sent notices to them asking to be present at the ACC head office this morning, ACC…

Bangladesh Bank (BB) has requested all to abstain from online-based virtual currency or crypto currency, like bitcoin, ethereum, ripple and litecoin as there is no legal framework of the currencies in any country across the world, reports BSS. "Virtual currency is not legal in any country. So no…

AFP, YEREVAN: Landlocked and poor, Armenia has long relied on Russia for its energy needs, but the government is hoping to reduce that dependence by tapping a resource that is plentiful in the region: the sun. With few fossil fuel resources of its own and its sole nuclear power plant nearing the end…

Stocks maintained upward trends yesterday as major indices of both Dhaka and Chittagong Stock Exchanges rose up on higher transactions, reports BSS. The…

AFP, SEOUL: Shares in Hyundai Heavy Industries plunged by more than a quarter yesterday after the world’s largest shipbuilder by sales announced a plan to issue new stocks in a bid to shore up its ailing finances. The South Korean firm has struggled amid an industry-wide slump in recent years,…

AFP, NEW DELHI: India is set to overtake the United Kingdom and France to become the world’s fifth largest economy next year, a report said Tuesday. Currently ranked seventh, India will move up to fifth place in 2018 and vault to third spot by 2032, the Centre for Economics and Business Research,…

As part of business expansion plan, Summit Power Limited (SPL) has made changes in its memorandum of association (MA) at the 16th extra-ordinary general meeting (EGM) held at Krishibid Institution Complex, Dhaka, the company said in a press statement. With these changes Summit Power Limited will be…

Huawei Consumer Business Group has launched its latest flagship device Huawei Mate 10 Pro -- the world’s first smartphone with artificial intelligence -- at a grand launch event held at a hotel in capital, the company said in a press statement on Tuesday. The Huawei Mate 10 Pro is a breakthrough…

The National Board of Revenue (NBR) will soon introduce ‘Authorized Economic Operator (AEO)’ on experiment basis to assist clearing import-export goods at lower costs and in shortest possible time, reports BSS. “We’re going to introduce this special facility for assisting the…