Foreign Minister Dr AK Abdul Momen yesterday encouraged non-resident Bangladeshis (NRBs) to consider huge area of ocean for their investment as Bangladesh successfully negotiated with India and Myanmar to demarcate its maritime boundary. “Now we’ve a huge area of ocean that can be exploited…

Planning Minister MA Mannan yesterday said that all the UN agencies in Bangladesh are delighted over the GDP growth attained by the country on a continued basis over the past few years with the latest 7.86 per cent in last fiscal. “I had a fruitful meeting with the representatives of all UN agencies…

Parliament yesterday passed the 'Brick Manufacturing and Brick Kiln Establishment (Control) (Amendment) Bill, 2019, aiming to make the existing law…

The Anti-Corruption Commission (ACC) yesterday filed a case against three people, including an incumbent and a former officer of Arab-Bangladesh Bank, for allegedly embezzling Tk 133 crore from the bank. ACC Assistant Director Mohammad Sirajul Haque filed the case with Halishahar police, said ACC Deputy…

The National Board of Revenue (NBR) yesterday honoured 10 firms for depositing large amounts of value-added tax (VAT) from sales at this year's Dhaka International Trade Fair (DITF) that wrapped up on February 9. NBR Chairman Md Mosharraf Hossain Bhuiyan handed over the awards to the representatives…

US companies in China forecast a gloomy year ahead, with many worrying about a deterioration in bilateral trade ties and nearly a quarter delaying investments,…

Asian markets fell yesterday as investors struggled to maintain momentum from the previous day's trade talks-fuelled surge, while the pound extended…

Stock markets closed yesterday with downward trend mainly due to price fall in large-cap securities. The falling major sectors were food and allied, textile,…

Standard Chartered's pre-tax profit surged to $3.9 billion in 2018, the bank said yesterday, after previously warning it had set aside nearly $1 billion for regulatory fines in the US and Britain. The UK-based bank has been stalked for years by probes on both sides of the Atlantic including over…

Uzbekistan on Monday issued a new high-denomination banknote, saying it would facilitate big consumer purchases in a country that still shops mostly with cash. The new 100,000-som note is worth 10.50 euros ($11.90) and is a big step up from the Central Asian country's previous biggest note of 50,000…

Bangladesh Brand Forum and Channel I have jointly taken initiatives to honour marketing professionals of the country, said a press statement.  Syed Alamgir, managing director of ACI Consumer Brands, will be honoured by the companies as legendary marketer in the capital on March 28. Syed Alamgir…

General Electric announced on Monday it will sell its Biopharma unit to Danaher for $21.4 billion in cash as it reduces debt amid an ongoing corporate turnaround effort. The transaction allows the company to slim down further, and covers instruments and software that support research and development…

French auto giant PSA, which produces the Citroen and Peugeot brands, said Tuesday it had boosted its profit outlook after recording a “historic year” in 2018. The company said its net profit rose 47 per cent to a record 2.83 billion euros ($3.21 billion) in 2018, while recurring operating…