DHAKA: Chinese e-commerce company Alibaba Group Holding Ltd said on Sunday it has decided to begin the process for an initial public offering in the United States.Alibaba also said in a statement on its corporate news website it might consider extending its public status to Chinese

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday.The DSE Board index shed over 44 points to stand at 4,591 at the close on the first trading day of the week.Trade deals stood at 78,087 with transaction at Tk 2,925 million.    Of the

DHAKA: The number of Americans filing new claims for unemployment benefits unexpectedly fell and hit a fresh three-month low last week, suggesting a strengthening in labour market conditions.Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 315,000, the

DHAKA: The government has increased the power tariff up to 6.96 percent in consumer levels. The decision of hiking power price will be effective from March 1.From now on, the price of every unit of electricity will be Tk 6.15 instead of Tk 5.75.    Bangladesh Energy Regulatory

DHAKA: Petrobangla, a state-run company, decided not to supply gas to all fertilizer factories except Jamuna to keep the power production uninterrupted.   The authorities concerned took the decision to supply uninterrupted power during T-20 World Cup Cricket and irrigation for Boro

DHAKA: Country`s stock market marked fall again in its price indices on Thursday. The key index of Dhaka Stock Exchange, DSEX, shed over 25 points only to stand at 4,635 at the close on the last trading day of the week.Trade deals stood at 89948 with volume of transactions at Tk 3534

DHAKA: Robi Axiata Ltd, the country’s fastest growing mobile operator, recently launched its Auto Prepaid SIM Replacement System, which will bring better control on SIM replacement and deter opportunities of fraud, said a press release.The new system has been initiated for the safety of

DHAKA: Sonali Bank authorities have taken initiative to upgrade the security system for its branches across the country by installing night vision closed circuit cameras and vault alarm system.   Within next 15 days the bank will install night vision closed circuit cameras in inside and

DHAKA: Hong Kong carrier Cathay Pacific said on Wednesday net profit more than tripled last year on a rise in Chinese travellers and fuel-cost savings, but its cargo unit saw earnings fall while analysts warned of a tough future.The city’s flag-carrier said profit jumped to HK$2.62

DHAKA: Egypt expressed keen interest to import manpower from Bangladesh through government to government policy.Egypt’s minister of foreign affairs Nabil Fahmy assured the matter to the state minister of foreign affairs Shahriar Alam on Wednesday. Source from the foreign affairs

DHAKA: Expatriates’ Welfare and Overseas Employment Minister Engineer Khandker Mosharraf Hossain Wednesday said Oman showed their keen interest to take skilled manpower from Bangladesh.He made the disclosure while talking to journalists after an hour-long meeting with a high-level

DHAKA: India plans to build 200 low-cost airports in the next 20 years to connect tier-II and tier-III cities.A civil aviation ministry official said, reports gulfnews.com.This will be one of the focus areas of India Aviation 2014, the country’s largest civil aviation exhibition and

DHAKA: Commerce Minister Tofail Ahmed on Wednesday categorically said the government remains alert to face any crisis during upcoming Ramadan.The ruling Awami League lawmaker came up with the assertion while talking to journalists after a meeting at his secretariat office in city.The

DHAKA: Toyota Motor Corp said it will give its Japan-based workers their biggest pay raise in 21 years in the year starting in April, heeding a government call to bolster the economy by sharing its surging profit with workers.Toyota will raise its monthly base pay for workers by 2,700 yen

DHAKA: The Anti Corruption Commission (ACC) on Wednesday quizzed BNP leader, also former MP of Laxmipur-3, Shahid Uddin Chowdhury Anee in connection with the allegation of acquiring wealth illegally.  ACC deputy director Manjur Morshed interrogated the BNP leader for over one hour from

DHAKA: Six high-officials of state-run Sonali Bank, including General Manager (GM) of Head Office Ahsan Iqbal and Rajshahi GM KM Afzal Hossain, were suspended over the incident of looting money from its Adamdighi branch of Bogra. Regarding the matter, letters are being sent by the head

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, shed over 12 points only to stand at 4,660 at the close on the fourth trading day of the week.Trade deals stood at 99,169 with volume of

DHAKA: From now on foreign companies of production and service sectors can get term loans from Bangladeshi banks and financial institutions after operating business for three years or more.     Bangladesh Bank has recently issued a circular in this regard. The circular said

DHAKA: Expatriates’ Welfare and Overseas Employment Minister Engineer Khandker Mosharraf Hossain on Tuesday said the process of exporting manpower to the United Arab Emirates would begin soon.He came up with the assertion in response to a supplementary question from AFM Bahauddin Nasim

DHAKA: The government has finalized three international institutions primarily. It has asked two Korean and a Chinese institution to submit their financial proposals.The Communications Minister Obaidul Quader came up with the observation at ‘Setu Bhaban’ in city on Tuesday noon.He