Petrobangla, the state-run oil, gas and mineral resources corporation, has decided to start commercial oil production in Kailashtila gas-field from August next year, said Mohammad Enamul Haque, state minister for power and energy, on Tuesday.Full story
The neighbouring landlocked Bhutan has sought to use Hazrat Shahjalal International Airport and Chittagong Shah Amanat International Airport as transit points along with Chittagong and Mongla sea...Full story
The Bangladesh Telecommunication Regulatory Commission on Tuesday decided to extend the deadline till September 15 for five mobile operators to implement a minimum 10-second pulse on each call.Full story
The operating profit of Bangladesh Bank fell by 20.48 per cent in the just ended financial year over FY 2010-11 mainly because of the devaluation of the taka against other currencies, central bank officials said.Full story
The government’s scrutiny committee on foreign loans and supplier’s credit on Tuesday approved proposals of 10 private sector projects to take loan, amounting to $109.2 million, from the foreign sources.Full story
Dhaka stocks fell for the second day on Tuesday as investors became confused again amid fresh uncertainties over the World Bank‘s $1.2 billion loan for the Padma bridge project. DGEN, the benchmark general...Full story
The Nepali government is preparing to import another 25,000 tonnes of sugar to forestall a possible shortage. The Ministry of Commerce and Supplies will be writing to Ministry of Finance to allow the import at 1 per cent...Full story
The euro slipped in Asian trade Tuesday amid gloomy sentiment over the eurozone debt crisis and few fresh trading cues, while markets looked ahead to a speech by the US central bank chief this week.Full story
Shares in China Southern Airlines fell more than five per cent on Tuesday after the company posted a slump in first-half net profit of 85 per cent from a year earlier. The company attributed the net income fall...Full story
Md Abdus Salim Chowdhury, one of the sponsors of the company, has expressed his intention to sell 50,000 shares out of his total holding of 8,41,408 shares of the company at prevailing market price through the stock...Full story
Oil fell in Asia Tuesday as crude demand suffered from refinery shutdowns on the US Gulf coast due to the onset of Tropical Storm Isaac while talk of a release of oil reserves surfaced, analysts said.Full story
India’s economy likely remained in its deepest slump for nine years in the quarter ending in June, but high inflation and polarized politics leave the country’s leaders with limited scope to crank up growth. Weak demand in the United States and Europe has...Full story
The Spanish economy is falling deeper into recession and depositors are pulling their money out of the banks, figures published on Tuesday showed, as the government moves closer to seeking a European rescue package. The recession grew stronger...Full story
G20 nations taking stock of the third global food price surge in four years will wait for September’s crop report from the US Department of Agriculture before deciding whether to take joint action on the issue, France’s...Full story
Apple Inc is seeking speedy bans on the sale of eight Samsung Electronics phones, moving swiftly to translate its resounding court victory over its arch-foe into a tangible business benefit.Full story
Southeast Bank on Tuesday opened a new ATM booth at its Madhabdi branch in Narsingdi. It was the 20th ATM of the bank. Bank’s managing director Mahbubul Alam inaugurated the booth, said a news release. In the inaugural ceremony, among others, Bank’s...Full story
Bangladesh Commerce Bank on Monday opened its 32nd branch — Bandura Branch — at Nawabganj in Dhaka. BCBL chairman AQ Siddiqui inaugurated the branch as chief guest. Bank’s chief executive officer and managing director SA Chowdhury...Full story
A memorandum of understanding was signed between Bank Asia and Holy Family Red Crescent Medical College Hospital at the corporate office of the bank in Dhaka on Monday. Under the agreement, Bank Asia, as a part of its corporate social responsibility...Full story