DHAKA: Rizal Commercial Banking Corporation (RCBC) president and chief executive officer Lorenzo Tan resigned to take “moral responsibility” for the Philippine lender’s involvement in the $81 million laundering of Bangladesh Bank (BB) reserves. His resignation came though an

DHAKA: Banglalink, country’s one of largest telecom operators, has signed an agreement with shafmart.com, an e-commerce site run by country’s prominent singer and successful entrepreneur Shafin Ahmed. Under the program Banglalink Priyojon customers will enjoy 10 percent discount on

DHAKA: Amid rise and fall, the two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- ended the week on a positive note witnessing gain of share prices indices on Thursday (May 5), the final trading day of the week. DSEX, the prime index of DSE,

DHAKA: Speakers put emphasis on the vast use of energy efficient technologies like Solar PV and LED Lighting in the industrial sector to help country reach the strategic target of $50 billion in RMG export by 2021. They came up with the urge at a workshop, titled ‘Solar PV & LED

DHAKA: Rules that will drastically alter cigarette packaging are set to be adopted, after big tobacco firms failed to block new European Union laws. Europe’s highest court upheld a law that will standardize packaging and ban the advertising of e-cigarettes, reports the BBC. The

DHAKA: Fiat Chrysler has announced a deal with Google to double the size of the tech giant's fleet of self-driving cars. Fiat will supply 100 Chrysler Pacifica vans and provide engineers to help integrate the technology, reports the BBC. The companies described the deal as the

DHAKA: Royal Dutch Shell has said it will cut its spending by another 10% this year as it warned lower oil prices were continuing to affect its business. The oil firm said it would reduce investment to $30bn from a planned $33bn, after coming under pressure from shareholders to cut

DHAKA: After witnessing rise on Tuesday the two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- again witnessed loss of share prices indices on Wednesday (May 4). DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 13.97 points or

DHAKA: Saudi Binladin Group, a Saudi-owned construction company, has laid off about 77,000 foreign workers and plans to cut thousands of jobs held by Saudi nationals. A local newspaper reports, Al Jazeera says on Tuesday (May 3). Binladin has issued 77,000 final exit visas to

DHAKA: The Reserve Bank of Australia has cut its official cash rate by 25 basis points to a historic low of 1.75% from 2%, the first cut since May 2015. The bank cited lower-than-expected inflationary pressures as the reason for the cut. Data published last week showed inflation is

DHAKA: The Executive Committee of the National Economic Council (ECNEC) gave an approval to a project worth Tk 34,988.86-crore to install rail tracks to connect the south-western part of the country through the Padma Bridge. The mega-project was approved on Tuesday (May 3) at NEC

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed sharp rise of share prices indices on Tuesday (May 3), the second trading session of the week as Sunday was a holiday. DSEX, the prime index of Dhaka Stock Exchange

DHAKA: Banking giant HSBC has reported a 14% drop in profits for the first quarter following ‘extreme levels of volatility’ in financial markets at the start of the year. Profit before tax came in at $6.1bn for the three months to March, down from $7.1bn a year ago, reports the

DHAKA: Japanese shares have started the week with sharp falls, as a surge in the yen hurt shares in big exporting firms. The benchmark Nikkei 225 ended 3.1% lower at 16,174 - higher than its lowpoint for the trading session, but still the lowest close since 12 April. Shares of

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss of share prices indices on Monday (May 2), the first trading session of the week as Sunday was a holiday. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing loss of share prices indices on Monday (May 2), the first trading session of the week as Sunday was a holiday. DSEX, the prime index of Dhaka Stock Exchange (DSE),

DHAKA: Representatives from some of the major US companies expressed their interest to invest in the Information and Communication Technology (ICT) sector in Bangladesh. They voiced their interests at a roundtable discussion in New York on Thursday (April 29), says a press release

DHAKA: US economic growth slowed to an annual pace of 0.5% during the first three months of the year. That was a sharp fall from the 1.4% rate of growth in the last quarter of 2015 and the slowest pace in two years, reports the BBC. The slowdown, which was bigger than most

DHAKA: Amazon has reported a profit of $513m in its first quarter, helped by a 28% jump in sales. Sales hit $29.1bn for the three months to the end of March, helped by rising sales of its Kindle reading devices and Fire tablet computers, reports the BBC. Both sales and profits were

DHAKA: China has raised the exchange rate for its currency, the yuan by 0.56% against the US dollar, from the previous day. The central bank – People’s Bank of China (PBOC) - fixed the yuan rate at 6.4589 to the US dollar on Friday. That is the biggest increase in nearly 11