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    Bangladesh draws Saudi investment for cement, power plants

    Bangladesh Sangbad Sangstha | Updated at 04:32pm on October 20, 2016

    Leading Saudi enterprise Al Rajhi Company for Industry and Trade today inked a deal with state-run Bangladesh Chemical Industries Corporation for installing cement, paper and power plants...

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    WB president visits bKash office

    Business Desk | Updated at 11:39pm on October 19, 2016

    The World Bank Group president Jim Yong Kim visited bKash head office on Monday, said a news release. Kim had an engaged discussion understanding how bKash contributes in digitalising Bangladesh’s economy and impacts the development of the country..

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    BTRC to propose cost modelling for MFS

    Staff Correspondent | Updated at 11:38pm on October 19, 2016

    The telecom regulator has decided to send a proposal to Bangladesh Bank for working out a cost model to determine the pricing of mobile financial services as the MFS operators and mobile phone companies are in a dispute over the issue...

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    Short-term profit booking pulls Dhaka stocks down

    Staff Correspondent | Updated at 11:37pm on October 19, 2016

    Dhaka stocks returned to negative on Wednesday after increase in the previous trading session as almost all the sectors, except banks, faced short-term profit booking share sales...

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    GP profit rises by 55pc in Q3

    Staff Correspondent | Updated at 11:35pm on October 19, 2016

    Leading mobile phone company Grameenphone on Wednesday announced that its profit in third quarter increased by 55 per cent to Tk 644.79 crore from that of Tk 414.12 crore in the same period of the previous year...

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    NBR realises Tk 6 crore in taxes from 150 foreigners in 2 months

    Staff Correspondent | Updated at 11:33pm on October 19, 2016

    The National Board of Revenue has realised Tk 6 crore from more than 150 foreigners while they were leaving the country in just two months after it set up income tax desks at four immigration check posts...

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    Citycell pays BTRC Tk 130cr in dues in first installment

    Staff Correspondent | Updated at 11:27pm on October 19, 2016

    Mobile phone operator Citycell paid Tk 130 crore in dues to telecom regulator on Wednesday contradicting with the regulator’s estimation of Tk 318 crore the company needed to pay as the first instalment to avoid closure...

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    Furberg appointed CEO of Grameenphone

    United News of Bangladesh | Updated at 04:55pm on October 19, 2016

    Petter B Furberg has been appointed as the interim chief executive officer of Grameenphone...

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    Samsung faces potential class action in US over Note 7

    Reuters | Updated at 12:30pm on October 19, 2016

    Samsung Electronics Co Ltd's (005930.KS) US unit is facing a proposed class action lawsuit from three Galaxy Note 7 customers, according to...

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    British inflation surges as weak pound starts to bite

    Agence France-Presse . London | Updated at 11:20pm on October 18, 2016

    British annual inflation surged to a near two-year high of 1.0 per cent in September, official data showed Tuesday, as a tumbling pound raised prices of imported goods and attracted tourists...