An ambitious project undertaken by Bangladesh Petroleum Corporation (BPC) to ensure uninterrupted supply of jet fuel to the Hazrat Shahjalal International Airport (HSIA) through an underground pipeline is facing a challenge from some big projects.Sources said Rajdhani Unnayan Kartripakkha (Rajuk), Dhaka Mass Transit Company Limited (DMTCL) and Bangladesh Army are...
Read moreGuardian Life Insurance Limited has launched a mobile app 'MyGuardian', first of its kind in Bangladesh, aiming to provide comprehensive digital insurance services for its customers.Chairman of Insurance Development and Regulatory Authority (IDRA) Shafiqur Rahman Patwary inaugurated the app at a ceremony as the chief guest at the National Press...
Read moreFair Electronics Ltd, a local company, will soon start assembling a wide range of Samsung 4G smartphones with the technological support of the global electronics giant at its newly established plant in Narsingdi.The official inauguration of the new mobile manufacturing plant was held at a ceremony titled 'Exploring New Horizon...
Read moreBangladeshi businesses can tap the opportunities in Iraq by exporting diversified products and taking part in its development activities, as the war-torn country has started turning around, an envoy said on Tuesday.Bangladesh's Ambassador to Iraq A M M Forhad also underscored the need for signing a Memorandum of Understanding (MoU)...
Read moreThe Dhaka Chamber of Commerce & Industry (DCCI) on Tuesday made a set of proposals including slashing the existing corporate tax rates and raising income tax thresholds in the budget for fiscal year 2018-2019 (FY19).The proposals were placed at a pre-budget meeting arranged by the National Board of Revenue (NBR)...
Read moreCHATTOGRAM, Apr 3: Banglalink, one of the leading digital communications service providers in Bangladesh, has officially launched 4G in Chattogram today. Mayor of Chattogram City Corporation AJM Nasir Uddin made the announcement at a function organized on the occasion at Peninsula Chattogram as chief guest.The launching was followed by a...
Read moreNat'l SME Fair begins today National SME Fair-2018 will begin in the city today (Wednesday) with a view to promoting SME products at local and international markets. Prime Minister Sheikh Hasina is expected to inaugurate the five-day fair at Bangabandhu International Conference Centre (BICC), said a press release. SME Foundation...
Read moreWASHINGTON, Apr 03 (AFP): The US manufacturing sector slowed from its torrid pace in March amid growing concerns about trade tensions and tariffs on steel and aluminum, according to an industry survey released Monday. The price measure rose to its highest level in seven years, while orders, production and employment...
Read moreANKARA, Apr 03 (Reuters): Russian Energy Minister Alexander Novak said on Tuesday a joint organisation for cooperation between OPEC and non-OPEC countries may be set up once the current deal on oil output curbs expires at the end of this year.Saudi Crown Prince Mohammed bin Salman told Reuters last month...
Read morePARIS, Apr 03 (AFP): Foreign investment in France rose 16 percent in 2017 to levels not seen for a decade as President Emmanuel Macron's bid to attract money from abroad gains pace, a government report said Tuesday. Public agency Business France said 1,298 foreign investment projects were announced last year,...
Read moreBANGKOK, Apr 03 (Reuters): Thai business associations raised their 2018 economic forecasts on Tuesday, citing stronger exports and increased domestic demand.The upgrade suggests Southeast Asia's second-largest economy is gaining momentum, though growth is heavily reliant on exports and continues to lag regional peers.The group slightly raised its 2018 economic growth...
Read moreSYDNEY, Apr 03 (AFP): US private investment firm Harbour Energy Tuesday made an all-cash bid for Australian energy giant Santos, valuing the company at Aus$13.5 billion (US$10.3 billion). Santos, a major oil and natural gas firm with interests notably in Papua New Guinea, said it had received a proposal for...
Read moreBEIJING, Apr 03 (Xinhua): China's insurance sector saw their premium income dip 18.5 per cent year on year to 970.3 billion yuan (154 billion U.S. dollars) in January and February, the banking and insurance regulator said Tuesday. The decline follows an increase of 18.2 per cent in 2017. This drop...
Read moreFRANKFURT, Apr 3 (Reuters): Ford could make electric cars in Germany after 2023, when the life cycle of Ford's Fiesta model is due to end, the head of the carmaker's German business told a paper, adding he would welcome state subsidies to support the shift."Purely hypothetically that (2023) could be...
Read moreSHANGHAI, Apr 3 (AFP): Chinese e-commerce giant Alibaba said Monday it was acquiring full ownership of leading food-delivery firm Ele.me in a deal that values the Shanghai-based start-up at $9.5 billion.The deal is the latest salvo in the intensifying turf battle between tech heavyweights Alibaba and Tencent in the fast-growing...
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