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    Kamal becomes Standard Bank EC chair

    Business Desk | Updated at 12:00am on February 17, 2019

    Standard Bank Limited sponsor and founder vice-president Kamal Mostafa Chowdhury has been elected as the chairman of the executive committee of the board of directors of the bank in its 307th meeting held recently, said a press release....

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    India proposes more than $12b of pollution-reducing incentives

    Reuters . New Delhi | Updated at 12:00am on February 17, 2019

    India has proposed incentives worth 885 billion rupees ($12.4 billion) to encourage power plants to install equipment to curb emissions and to develop infrastructure for electric vehicles (EVs), a government statement said on Friday....

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    Automakers brace for US govt report on import tariffs

    Reuters . Washington | Updated at 12:00am on February 17, 2019

    A confidential Commerce Department report due to be sent to Donald Trump on Sunday is widely expected to clear the way for the US president to threaten tariffs on imported autos and auto parts by designating the imports a national security threat, auto industry officials said on Friday....

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    How Amazon scrapped its plans for a New York headquarters

    Reuters | Updated at 12:00am on February 17, 2019

    More than a year of work to bring Amazon.com Inc’s headquarters and tens of thousands of jobs to New York City ended on Thursday with a couple of phone calls...

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    Sponsors’ bonus shares to face 3-yr lock-in

    Mostafizur Rahman | Updated at 12:00am on February 16, 2019

    Dhaka Stock Exchange has decided to propose that Bangladesh Securities and Exchange Commission increase the lock-in period on the trading of placement shares to three years from the current one year....

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    Prices of beef, broiler chicken, soya bean oil rise

    Staff Correspondent | Updated at 12:00am on February 16, 2019

    The prices of broiler chicken, beef and soya bean oil went up in the city’s kitchen markets over the week ending Friday....

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    Govt rejects Facebook’s Express-Wifi project

    Staff Correspondent | Updated at 12:00am on February 16, 2019

    Bangladesh Telecommunication Regulatory Commission has rejected a Facebook’s proposal to launch its Express-Wifi project in the country on grounds of security and licence-related issues....

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    Drought, pests could force India to grant duty-free corn imports

    Reuters . Mumbai | Updated at 12:00am on February 16, 2019

    Below-normal monsoon rains and an infestation of the fall armyworm, which devastated African crops in 2017, have slashed India’s corn output and boosted prices, increasing the chances the government will grant duty-free corn imports for the first time since 2016....

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    Vietnamese airlines granted access to US market for first time

    Reuters . Washington/Hanoi | Updated at 12:00am on February 16, 2019

    Vietnamese airlines will be able to fly to the United States and codeshare with American carriers after the US Federal Aviation Administration declared the Southeast Asian country complies with international safety standards....

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    Factories to test world’s ‘delicate equilibrium’

    Reuters . London | Updated at 12:00am on February 16, 2019

    The world economy is caught in a ‘delicate equilibrium’ between stabilisation and a further downturn, according to Bank of England governor Mark Carney, and that balance could look even shakier over the next few days....

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