DHAKA: The government has taken an initiative to increase gas supply in industries by reducing in the power sector.The decision came from a meeting at the secretariat on Monday.Petrobangla Chairman Dr Hossain Mansur confirmed the matter to banglanews.Gas supply will be reduced to two

DHAKA: Institute of Chartered Accountants of Bangladesh (ICAB) believed that the target of Gross Domestic Product (GDP) in the current fiscal year 2014-15 budget is achievable.ICAB chairman Abbas Uddin made the observation in a press conference on ‘SAFA International

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Monday.The DSE broad index shed over 32 points to stand at 4,608 at the close on the second trading day of the week.Trade deals stood at 121412 with transaction at Tk 5025 million.    Of the

DHAKA: International Labour Organization (ILO) handed over 95 motorbikes to factory inspectors aiming to boost the capacity of government officials to carry out inspections at garment factories Mujibul Haque Chunnu, State Minister for Ministry of Labour and Employment received the

DHAKA: China's biggest e-commerce firm Alibaba Group Holding says it expects to price its initial public offering (IPO) at between $60 and $66 per a share.It has filed to sell up to $24.3bn (£15bn) stock, which would make it the biggest technology listing in the US.Facebook's IPO,

DHAKA: The Anti-Corruption Commission (ACC) decided to sue seven officials of Sonali Bank and Prime Bank Limited brining allegation of embezzling Tk 90 lakh. The decision came from a regular ACC meeting in its office in the capital on Sunday. The five officers of Prime Bank Motijheel

FROM MADANGANJ (NARAYANGANJ): A road construction work was inaugurated in Bandar upazila of Narayangaj on Sunday morning with the finance of Bashundhara Group (BG). Narayanganj City Corporation Councilor of Ward-19, Faisal Sagar inaugurated the construction work. Primary cost of the

BANGKOK, THAILAND: Bangladeshi Mohammad Abul Hassan, 48, known as both service holder and businessman has been living in Thailand for last 21 years. He passed his whole youth life in Thailand. He went there in tourist visa and took a job, next engaged in business. But incurring loss

DHAKA: Social Islami Bank Limited (SIBL) has signed an agreement with Bangladesh Commerce Bank Limited (BCBL) on foreign remittance affairs.  According to the agreement, BCBL can disburse remittance processed by Placid NK Corporation of USA which was received by SIBL through its all

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Sunday. The broad index of Dhaka Stock Exchange, DSEX, shed over zero point to stand at 4,641 at the close on the first trading day of the week. Trade deals stood at 127992 with transaction at Tk

DHAKA: Mosleh Uddin Ahmed has been appointed as new Additional Managing Director (AMD) of Jamuna Bank Limited.Earlier in 2013, he joined Jamuna Bank as deputy managing director and prior to joining the bank, he worked with City Bank. Mosleh Uddin also worked as the Senior Executive Vice

DHAKA: With the concept of creating awareness in the Insurance industry of Bangladesh, Redcarpet365 Limited took an initiative to organize 1st ever exhibition on Insurance Industry titled “Bangladesh Insurance Exhibition 2014” at Institution of Diploma Engineers at Kakrail in city

DHAKA: Japanese Prime Minister Shinzo Abe on Saturday said Japanese entrepreneurs are keen to invest in transport, infrastructure, power and energy and garment sectors for increasing the bilateral trade with Bangladesh.The Japanese premier was addressing the business personalities of

DHAKA: Some organizations are selling gas of other companies using the cylinders of Bashundhara LP Gas, a sister concern of leading business conglomerate of the country Bashundhara Group. Bashundhara LP Gas authorities seized a pick-up van full of gas-filled cylinders and held the

DHAKA: Eastern Bank Limited (EBL), in association with Visa, the leading global payment technology company, has launched special Visa Hajj and Umrah travel prepaid card.The card aims to offer hassle-free international travel for pilgrims, along with a secure and reliable way to pay,

DHAKA: Dutch-Bangla Bank Limited (DBBL) handed over Tk 102cr scholarship to 5,500 insolvent and meritorious students from SSC and HSC levels across the country.In DBBL scholarship giving ceremony, finance minister AMA Muhith said that the education scholarship of Dutch-Bangla Bank

DHAKA: International Labour Organization (ILO) will give 95 motorbikes to factory inspectors to ease their inspection to Ready Made Garment units in Bangladesh.State minister for labour and employment Md Mujibul Haque (Chunnu) will hand over the motorbikes to inspectors at Centre on

KHULNA: Industries Minister Amir Hossain Amu on Friday said that production at Newsprint and Hardboard factories could be resumed if any entrepreneur comes forward. The minister came up with the observation while talking to journalists after visiting the now-closed Dada Match Factory and

DHAKA: The operator of an exchange for the virtual currency Bitcoin has pleaded guilty to running an unlicensed money transmitting business.Charlie Shrem from BitInstant.com admitted the charges in a New York federal court hearing.Another Bitcoin trader, Robert Faiella, also pleaded

DHAKA: Grand Sultan Tea Resort and Golf’, a five-star resort with an area of 13.2 acres of attractive land in the backdrop of scenic tea estates in Srimangal, has been running its business in a full swing for one-year without any license. Moreover, the hotel does not have any