Global coal-fired power, a key driver of climate change, is set to fall a record 3.0 per cent this year, largely led by developed countries although much-criticised China and India play their part too, analysis showed yesterday. This "historic" drop would be equal to 300 Terawatt hours (TWh), or more than the combined coal-based electricity output of Germany, Spain and Britain last year,…

The leader in artificial intelligence accelerates product innovation and plans global expansion in its mission to make AI easy and accessible for everyone. TAIPEI, TAIWAN - Media OutReach - 26 November 2019 - Appier, a leading artificial intelligence (AI) company, announces today that it has raised a US$80 million Series D funding round with investment from TGVest Capital, HOPU-Arm Innovation Fund,…

HONG KONG, CHINA - Media OutReach - 26 November 2019 - Hebei Construction Group Corporation Limited ("Hebei Construction Group" and its subsidiaries, together, the "Group", stock code: 1727) announced today that, the Company noticed that on 25 November and 26 November 2019, certain media published news reports headed "With Unfinished Projects and Temperamental Decisions, PPP…

Bangladesh has been placed in the105th position among 141 countries in the Global Competitiveness Index (GCI) 2019 released by World Economic Forum (WEF) today. Like the last year, the overall score of the country remains unchanged at 52.1 this year. Centre for Policy Dialogue (CPD), a partner of WEF, released the report at a press conference at the Economic Reporters’ Forum (ERF) auditorium…

Beximco Pharmaceuticals witnesses Double-Digit Earnings Growth; momentum can complement good economic growth in Bangladesh Beximco Pharmaceuticals Ltd. recently expressed the confidence and the momentum it has gained following the double-digit earnings growth in its most recently ended financial year. As an emerging international generic drug player, Beximco Pharma has facilitated pharmaceuticals…

Bashundhara Industrial Complex Ltd and East West Property Development Ltd have signed separate agreements with China Energy Engineering Group Northeast No 1 Electric Power Construction Co Ltd (NEPC) in a bid to supply cement and stone for Ashuganj 400 MW Combined Cycle Gas Turbine Power Plant project. Bashundhara Group Vice Chairman Safwan Sobhan Tasvir and China Energy Engineering Group Northeast…

Dhaka Stock Exchange (DSE) witnessed downward trend on the 2nd trading day of the week on Monday. The DSEX in the country's main bourse stood at 5,733 points decreasing 29 points. The DSE Shariah Index (DSES) reached 1,311 points declining 8 points. The DS30 index decreasing 11 points to stand at 2,003 points. On the premier bourse, turnover, an important indicator of the market, stood at Tk 719.13…

The government has decided to import liquefied natural gas (LNG) from the international spot market through private companies for the first time to meet the immediate crisis of natural gas, especially with industrial demand burgeoning. Sources said Petrobangla, the state-owned oil and gas corporation, has already selected 15 international companies based in Singapore. “We have instructed the…

China Harbour and Engineering Co Ltd, a Chinese construction company, will develop the infrastructure of the SBG Economic Zone Limited located at Mirsharai economic zone-1 in Chattogram. Regarding the matter, China Harbour Engineering Company has signed an agreement with SBG Economic Zone Limited at the office of Bashundhara Group chairman in Bashundhara Residential area on Wednesday (Jan 30). Mahboob…

With an increased local demand, smartphone prices are going to become more affordable this year, thanks to more and more investments by local and foreign companies to establish plants to produce smartphones locally.       Approximately, 75 lakh units of smartphones were sold in 2018; among them, 7 per cent was locally produced and assembled. This year, 6 new brands will…

The government is going to allow private companies to start importing Liquefied Natural Gas (LNG) to meet the future demand of the country. Accordingly, the energy division has drafted a "Policy for Private Sector 2018" to facilitate the import of LNG.   With limited domestic gas reserves, declining production and favourable global factors, experts have long considered import of…

Star Cineplex Bangladesh is set to open a multiplex at Shimanto Shombhar in the capital’s Dhanmondi area on Sunday next. The multiplex has been constructed at the level 9 of the shopping complex located near Pilkhana at Dhanmondi 2. Also, the construction works of three more multiplexes are undergoing in the city’s Mohakhali, Uttara and Purbachal areas. In October last year, Star Cineplex…

Bashundhara Group Director Yeasha Sobhan has won a prestigious women empowerment award from Singapore. She received the BlackSwan Women Empowerments Principles Leadership Award 2018 at Pride of Asia Series Awards and Business Summit held at Marina Bay Sands Expo and Convention Centre in Singapore on Monday, according to press release received in Dhaka. Singaporean Parliament Member Patrick Tay Teck…