State Minister for Power, Energy and Mineral Resources Nasrul Hamid yesterday said the government signed agreements for setting up 144 power plants having 21,659 megawatt (MW) generation capacity in the country from 2009 to December 2017, reports BSS. “Since assuming to power the present government…

The Solar Rooftop Net Metering Guidelines will be finalised by one month aiming to produce solar power in the country, Power Secretary Dr Ahmad Kaikaus said, reports BSS. “However, we have made available draft of the Solar Rooftop Net Metering Guidelines on website for taking opinions from the…

The Anti-Corruption Commission ( ACC) yesterday arrested former AB Bank chairman M Wahidul Haque, chief of the bank's Financial Institution and Treasury Abu Hena Mostafa Kamal, and businessman Saiful Haque for their alleged involvement in laundering Tk 1.65 billion, said Pranab Bhattacharya, deputy…

Shipping Minister Shahjahan Khan yesterday said direct cargo ship service from Chittagong ports to two ports-one in South Africa and another in Morocco - will be launched soon, reports UNB. A delegation led by the minister visited Durban and Cape Town ports in Africa and Tanger-Med port in Morocco from…

Stocks ended the week yesterday upward with rising trend of major indices at Dhaka and Chittagong stock exchanges on higher transactions, reports BSS. The broader DSEX of Dhaka Stock Exchange (DSE) closed the week with 93.57 points higher at 6,215.80. The blue-chip DS30 and the Shariah DSES also followed…

AFP, DUBAI: Qatar’s economy has weathered the impact of a months-long blockade by neighbouring countries, although its tourism and real estate sectors have taken a hit, an economic report said on Wednesday. The tiny Gulf state’s economy has maintained positive growth in the seven months…

Xinhua, KUALA LUMPUR: The Malaysian Central Bank, as widely expected, yesterday raised its Overnight Policy Rate (OPR) by 25 basis points to 3.25 per cent the first time in three years, joining more central banks in tightening the monetary policy. The floor and ceiling rates of the corridor for the…

AFP, SEOUL: South Korea’s economy grew at its fastest pace in three years in 2017, the central bank said yesterday, thanks to robust exports of tech products including semiconductors and growing consumer spending. The South — — the world’s 11th-largest economy and fourth-largest…

AFP, Seoul: South Korea’s biggest automaker Hyundai saw profits slump last year, it said yesterday, as it was battered by tougher competition and Chinese retaliation over the deployment of a US missile system. Hyundai Motor’s 2017 net profit plunged 20.5 per cent year-on-year to 4.55 trillion…

AFP, DAVOS: US Treasury Secretary Steven Mnuchin yesterday said he had no particular worry about the dollar’s value “in the short term”, a day after he sent the US currency plummeting by appearing to back a weaker greenback. “I thought my comment on the dollar was actually quite…

AFP, FRANKFURT AM MAIN: Consumer confidence in Germany will inch upwards in February, a closely-watched survey forecast yesterday, as political gears grinding in Berlin fail to slow the tempo of Europe’s biggest economy. Market research firm GfK said its forward-looking poll of around 2,000 people…

AFP, NEW YORK: General Electric disclosed Wednesday that it faces a accounting probe by US regulators, as it reported a nearly $10 billion loss in the last quarter due to charges linked to its insurance business and US tax reform. The news of the probe of the massive charges in the insurance business…