DHAKA: Osamu Suzuki, the longest-serving leader of any major global automaker, will cede his title as president of Suzuki Motor Corp to his son, Toshihiro Suzuki.Toshihiro Suzuki, 56, will become president while Osamu Suzuki, 85, will stay on as chairman and CEO, the company said in a

DHAKA: Islami Bank Bangladesh Limited (IBBL) organized a discussion on ‘Role of Ramadan in purifying wealth and soul’ and an ifter mahfil at a city hotel on Monday.IBBL chairman Engineer Mustafa Anwar presided over the program, attended by Executive Committee chairman Engineer M

DHAKA: The government has withdrawn the proposed value added tax (VAT) from e-commerce following the requests of Bangladesh Association of Software and Information Services (BASIS).BASIS disclosed the matter through a news release.The release said finance minister AMA Muhith announced the

DHAKA: The Embassy of Denmark, the Royal Norwegian Embassy, and the Embassy of Sweden in Dhaka are being shifted to new shared premises at Bay’s Edgewater by North Avenue of Gulshan 2 in city from July 2015.A press release, jointly issued by the three embassies on Tuesday, disclosed the

DHAKA: The Jatiya Sangsad passed the Tk 295100 crore national budget for the 2015-16 fiscal year with a hope to leading country towards prosperity.The bill was passed by voice vote Tuesday after some 57 hours discussion by 219 lawmakers.On June 4, Finance Minister AMA Muhith proposed a Tk

DHAKA: Humayun Kabir, director general of Currency Management Department of Bangladesh Bank (BB), has been promoted to executive director (ED) of the central bank of the country recently.A statement on Monday said Kabir was recently promoted to the position.Humayun Kabir joined at

DHAKA: The government reduced the volume of source tax in readymade garments (RMG) sector from proposed one percent to 0.6 percent in the national budget of 2015-16 fiscal year.At the same time, the value added tax (VAT) in higher education in private sector was also reduced from proposed

DHAKA: Country's stock market marked gain in its price indices on Monday, the second trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, rose over 29.76 points only to stand at 4531.98 at the close of day’s trading. Trade deals stood at 101645 with volume of

MANAMA: Labour Market Regulatory Authority (LMRA) of Bahrain has offered a six-month general amnesty for workers staying illegally in the country.LMRA chief executive Ausamah Al Absi recently declared the general amnesty for illegal workers. The amnesty, to begin from July 1, will give a

DHAKA: Shares in Asia opened lower on Monday in the first market reaction to Greece’s decision to close its banks and impose capital controls limiting the amount of money which can be withdrawn.Japan’s Nikkei 225 index was down 1.81% at 20,331.57 in mid-morning trade.In Australia, the

DHAKA: Trading on the country’s two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing gain in share-price indices on Monday.DSEX, the Broad Index of DSE, rose over 11.34 points to stand at 4513.56 at 11:28 am.Trade deals stood at 32445 with

DHAKA: China is hosting the signing ceremony of the Asian Infrastructure Investment Bank (AIIB), a new international financial institution set to rival the World Bank and Asian Development Bank.Delegates from 57 countries will sign articles that determine each member's share and the

DHAKA: Greek Prime Minister Alexis Tsipras said the banks are to remain closed and capital controls will be imposed.Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Tsipras said Greek deposits were safe, reports the BBC.Greece is

DHAKA: Bangladesh Bank (BB) will release new notes of Tk 22,000-crores on Thursday ahead of Eid-ul-Fitr, the largest religious festival of Muslims.General people can exchange the old notes with the new ones, which include from the coin of Tk 1 to the note of Tk 1,000, at 18 branches of

FROM NATIONAL PARLIAMENT: Commerce minister Tofail Ahmed informed the House that the government has targeted to export readymade garments (RMG) to 50 billion USD by 2021.He said that the RMG export of the country has kept continuity amid a lot of obstacles.According to the minister, most

DHAKA: More than a third of automated teller machines across Greece ran out of cash on Saturday before they were replenished as Greeks pulled out money on fears their country was set to crash out of the euro.Three banking sources said, reports The Straits Times.Anxious Greeks lined up

DHAKA: Asian Development Bank (ADB) will provide a loan of Tk 3,120-crore to construct dual-gage rail track between Dhaka and Chittagong.A loan contract was signed between Bangladesh government and ADB at NEC Conference Room in She-e-Bangla Nagar in city on Sunday.The ADB will provide the

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses--Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- on Sunday, the first trading day of the week.DSEX, the Broad Index of DSE, rose over 46.93 points to stand at 4502.22 at the close of

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in early hours of trading on Sunday, the first trading day of the week. DSEX, the prime index of the DSE, rose over by 24.65 points or 0.55 per

CHITTAGONG:  Loading and unloading of goods at outer anchorage of Chittagong Port have remained suspended for four straight days due to inclement weather.But Loading and unloading of goods at jetty have remained normal.Due to heavy rainfall and rough weather, unloading of goods from