Finance Minister AMA Muhith yesterday admitted that the number of banks and financial institutions have been much higher than the need, reports UNB. “Both the banks and FIs in the country have been bigger in number. I think, there should be consolidation (of these banks) in this sector,”…

The government has decided to allow international bidders to take part in domestic tenders to supply transformers for the country's power sector, reports UNB. The decision was taken at a meeting of the Cabinet Committee on Public Purchase held yesterday with Finance Minister AMA Muhith in the chair,…

The government yesterday signed an agreement with Chinese and Japanese companies to build the country’s biggest-ever urea fertiliser factory in…

Asian equities mostly fell again yesterday, extending the previous day’s geopolitics-fuelled sell-off, with energy firms taking another battering…

Sugar: it’s so quintessentially Cuban that even a young, machete-wielding Fidel Castro used to hack away at the cane stalks vital to the Caribbean island’s economy, reports AFP from Havana. Now, the long-time world leader in sugar production is importing the stuff for the first time, and…

Oracle Executive Chairman and CTO Larry Ellison shared his vision for a second-generation cloud that is purpose built for the enterprise and more technologically…

The Asian Development Bank (ADB) will provide $ 610 million to Bangladesh against a programme and a project in the primary education sector and urban primary healthcare services, reports BSS. Out of the total amount, the Manila-based lending agency will provide $500 million loan to support Bangladesh’s…

Apple CEO Tim Cook yesterday said the United States needed a federal privacy law because personal information was being “weaponised” against internet users, reports Brussels. “We at Apple are in full support of a comprehensive federal privacy law in the United States,” Cook told…

Business growth in the 19-nation eurozone fell in October to its lowest point in two years, hit by falling exports, a closely watched survey showed Wednesday, predicting further declines, reports AFP from Brussels. In a first estimate, data monitoring company IHS Markjit said slowing exports extended…

Test flights of a driverless hover-taxi will take place in Singapore next year, a German aviation firm said, the latest innovation to offer an escape from Asia’s monster traffic jams, reports AFP from Singapore. Millions of commuters in the region’s cities have to contend with chronic gridlock…

Novoair, one of the country’s private airlines, has decided to increase flight frequency on four routes, the company said in a press statement. The airlines will operate one more flight daily on Dhaka to Kolkata, Cox’s Bazar and Sylhet routes from October 28. Novoair will also start operation…

The BAPA Foodpro Inter-national Expo-2018 is set to begin today at Bangabandhu International Conference Center (BICC) in the capital, reports BSS. Commerce Minister Tofail Ahmed is scheduled to open the three-day exposition as the chief guest at 11am, said a press release yesterday. Bangladesh Agro…

Britain will “pay the price” of a no-deal Brexit because complicated new border controls may not be ready in time, a government watchdog has warned reports BBC. Thousands of UK exporters did not have enough time to prepare for new border rules, the National Audit Office said. Criminal gangs…