The government yesterday signed a $185 million financing agreement with the World Bank to add about 310 MW renewable energy generation capacity, which will contribute to reliable, affordable electricity and cleaner air. The Scaling-up Renewable Energy Project will focus on utility scale solar photovoltaic…

Country’s capital bourse Dhaka Stock Exchange (DSE) closed in red zone yesterday for the second consecutive session through price correction amidst investors’ shaky participation. “The market started with profit booking tendency that continued till the end of the session with volatility…

Expatriates' Welfare and Overseas Employment Minister Imran Ahmed yesterday said skilled workers are being prepared by the government according to the need of Japanese labour market. “The demand of Bangladeshi workers will grow further if we can provide with more skillful workers,” he…

The government of India has decided to allow foreign direct investment (FDI) in various sectors including digital media and liberalizing rules for single-branded retail to boost investment in private sector. It also allowed FDI in coal mining and contract manufacturing with a view to “making India…

Production at Karnaphuli Paper Mills which remained suspended since August 4 following suspension of gas supply resumed yesterday. KPM started producing papers since yesterday morning when gas supply to the mill returned to normalcy, said KPM Shramik Kalyan Parisad CBA general secretary Abdur Razzaque.…

Obayed Ullah Al Masud has joined Rupali Bank as managing director and CEO, the bank said in a press statement. Prior to that, he was the managing director and CEO of Sonali Bank. Before serving as MD and CEO of Sonali Bank, Obayed worked as MD of state-owned specialised Karmasangsthan Bank and prior…

Abdur Rahman has recently joined AB Bank Ltd as deputy mana-ging director (Head of Retail Banking Division), the bank said in a press statement yesterday. Prior to joining AB Bank, he was the head of branches of Meghna Bank ltd. Abdur Rahman started his career in ANZ Grindlays Bank, Bangladesh in 1994.…

Beijing hinted yesterday it may break the cycle of retaliation in the trade war with the United States, as the punishing tariff battle threatens global…

The world's largest economy grew a little more slowly in the second quarter than previously thought, the government reported yesterday, with new data showing weaker oil exports and local government spending. GDP expanded in the April-June period by 2.0 per cent, down a notch from the initial 2.1…

Norway's top prosecutor has asked police and prosecutors across the country to identify all criminal cases where telecommunications data have been obtained from Denmark, amid concerns about the data being used as evidence. In Denmark, flaws in systems that convert phone companies' raw data into…

Toyota said on Wednesday it will take a nearly five-percent stake in small-car specialist Suzuki Motor, the latest tie-up in the rapidly changing global auto industry. Toyota, maker of the Prius and Camry models, will pay some 96 billion yen ($907 million) for 4.94 percent of Suzuki, which in turn will…