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    Scam-hit Farmers Bank to be renamed

    Staff Correspondent | Updated at 12:05am on September 24, 2018

    Scam-hit Farmers Bank has initiated a move to change its name with a view to regaining public confidence for survival following changes in its management and board of directors....

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    JV of Nippon Steel, Mcdonald Steel to invest $59m in MEZ

    Staff Correspondent | Updated at 12:05am on September 24, 2018

    Japan’s steelmaker Nippon Steel and Sumikin Bussan Corporation and Bangladesh’s Mcdonald Steel Building Products Limited are going to jointly invest $59.19 million in the Mirsarai Economic Zone located in Chattagram....

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    Economy to remain unaffected by election: Muhith

    Staff Correspondent | Updated at 12:05am on September 24, 2018

    Finance minister Abul Maal Abdul Muhith on Sunday said that the country’s economy would not be affected even if a new government assumed power through the next general election....

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    Firms pay fees for four tower sharing licences

    Staff Correspondent | Updated at 12:05am on September 24, 2018

    Four tower sharing companies selected by Bangladesh Telecommunication Regulatory Commission for awarding licences have deposited Tk 25 crore each in licence fees....

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    Nepal restores $2.5 billion hydropower plant contract to Chinese co

    Reuters . Kathmandu | Updated at 12:05am on September 24, 2018

    Nepal’s new government has reversed its predecessor’s decision and has asked China Gezhouba Group Corporation to build the nation’s biggest hydropower plant, an official said on Sunday, as it seeks to woo Chinese investment in its ailing infrastructure....

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    Stocks slump on Evince Tex’s no-dividend impact

    Staff Correspondent | Updated at 12:05am on September 24, 2018

    Dhaka stocks plunged for the second session on Sunday as investors accelerated sell-offs following no-dividend declaration by Evince Textiles Limited despite making profits....

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    Comcast outbids Fox with $40b winning offer for Sky

    Reuters | Updated at 12:05am on September 24, 2018

    Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group....

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    Asian firms shuffle production around region as China tariffs hit

    Reuters . Seoul/Tokyo | Updated at 12:05am on September 24, 2018

    A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of US president Donald Trump’s tariffs on Chinese imports....

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