DHAKA: The customs intelligence team seized over 400 costly mobile handsets worth of Tk 1.5 crore in a drive at ‘Gadget and Gear’ in the city on Thursday.The intelligence team conducted a special drive in an outlet of the company at city’s Gulshan area and seized the illegal

DHAKA: Finance Minister AMA Muhith on Thursday categorically said Padma Bridge project would be financed by the government, not from the bond-money.  The minister came up with the disclosure while briefing reporters after a meeting of Cabinet Committee for Purchase at secretariat’s

AKHAURA, BRAHMANBARIA: All preparation has been taken to export the fuel coil firewood to the seven hilly states of India through the Akhaura land port. The clearing and forwarding (C&F) agents and importers-exporters of the port have already finished their preparation in this

DHAKA: To see a different face of Bangladesh manufacturing, a country that has earned notoriety with its ready-made garment plants, one drives 25 miles north of Dhaka city to Gazipur district.  Amid a predominantly industrial enclave of garmentmakers is a 24-acre site where 5,500

DHAKA: Prime Bank Limited signed a Memorandum of Understanding (MoU) with Grand Sultan Tea Resort & Golf on 21 August at Head Office of the Bank.   Habibur Rahman, Deputy Managing Director and Head of Emerging Market of the Bank, and Brig Gen (Retd.) A K M Shahjahan, Director

DHAKA: Prime Minister Sheikh Hasina directed authorities concerned to continue the drive against sub-standard and adulterated goods. PM said, “The anti-adulteration drives are underway and it will also be continued and its range will be extended.” Sheikh Hasina told commerce

DHAKA: Country's stock market marked fall in its price indices on Thursday. The broad index of Dhaka Stock Exchange, DSEX, shed over 21 points only to stand at 4,577 at the close on the last trading day of the week. Trade deals stood at 1,64,445 with volume of transactions at Tk 6322

DHAKA: Australia's national flag carrier Qantas has reported an after-tax net loss of A$2.8bn ($2.6bn; £1.57bn) for the year ending in June - its biggest ever financial loss.The struggling airline said the result was in part due to an A$2.6bn write-down on its international

DHAKA: Bangladesh Bank (BB) has earned a net profit of Tk 3,352 crore in the fiscal year 2013-14.The central bank has handed over Tk 1,562.78 crore to the government.BB Managing Director AFM Asaduzzaman, also spokesperson of the bank, made the disclosure the matter to journalists after

DHAKA: India has asked US soft drinks giant PepsiCo to reduce the sugar content of its sodas as the country battles growing levels of obesity and diabetes. PepsiCo chairman Indra Nooyi met food processing industry minister Harsimrat Kaur Badal during a visit to India on Tuesday to

DHAKA: The government has signed a loan agreement with Asian Development Bank (ADB) for developing infrastructures in ensuring better services in 30 municipalities of the country. The deal was signed at Economic Relations Division of Planning Commission at Sher-e-Bangla Nagar in city on

DHAKA: Finance Minister AMA Muhith on Wednesday said the incumbent government is planning to sign an agreement with India with a view to traveling through waterway.The finance minister came up with the disclosure while talking to journalists after a cabinet meeting on tourism. He said,

DHAKA: Chittagong Stock Exchange (CSE) on Tuesday issued notice to the United Airways (BD) Ltd. regarding the unusual upward trend of its share price and volume.Sources said that the share price and volume of the private airways company has been climbing up at an unnatural ratio since

DHAKA: The dollar hit a 13-month peak against a basket of major currencies on Wednesday, with the euro still struggling amid expectations of further policy easing from the European Central Bank.The dollar index rose as far as 82.727 at one point, its highest level since July 2013. It

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday. The broad index of Dhaka Stock Exchange, DSEX, rose over eight points to stand at 4599 at the close on the fourth trading day of the week. Trade deals stood at 1,22,638 with transaction at

DHAKA: International Monetary Fund (IMF) representative to Bangladesh Stella Kaendera proposed to lessen tax and increase its network. The economy of Bangladesh is flourishing, said Stella Kaendera when she made a courtesy call on Planning Minister AHM Mustafa Kamal in city’s

DHAKA: A mobile court on Tuesday fined Agora, one of the leading chain shops in the country, for selling unapproved products. Led by Executive Magistrate Mamtaj Begum a team of Bangladesh Standards and Testing Institute (BSTI) with the help of police conducted the drive in an outlet of

DHAKA: Industries Minister Amir Hossain Amu on Tuesday said the economic alliance of eight developing Muslim countries, called D-8, would invest in Bangladesh.   A draft will be prepared by November enlisting the sectors in which they are interested to invest. The minister made the

DHAKA: The NRB Commercial Bank Ltd opened its 21st branch at Banani in city on Monday. Chairman of the bank Engineer Farasat Ali inaugurated the branch as chief guest at road-11, Block-C of Banani.NRB Commercial Bank Vice-Chairman Dr Taufiq Rahman Chowdhury, Managing Director also Chief

DHAKA: The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved three development projects worth TK 270.61 crores.  With Prime Minister Sheikh Hasina in chair, the meeting of ECNEC approved the projects at the NEC conference room at city’s Sher-e-Bangla