DHAKA: The Al-Arafah Islami Bank Ltd opened its 116th branch at Kazir Haat Bazar in Jajira upazila of Shariatpur district on Thursday, said a press release.Alhajj Abdul Malek Mollah, director of the bank, inaugurated the branch as chief guest while managing director M Habibur Rahman

DHAKA: The government will scrutinize the submitted report of Islami Bank Limited with a view to finding out the source of financing to the militants as well as their expenditures.State Minister for Home Affairs Asaduzzaman Khan told media after a meeting on encountering militancy

DHAKA: Government on Thursday signed a loan agreement of TK 450 crores with Asian Development Bank (ADB) to prevent the riverbank erosion.Economic Relation Division secretary Mohammad Mezbahuddin and ADB’s country director Kazuhiko Higuchi singed the agreement on behalf of their

DHAKA: Finance minister AMA Muhith categorically said government should not do more business. He came up with observation in dividend receiving programme at meeting room of Finance Ministry on Thursday morning.  Infrastructure Development Company Limited (IDCOL), IECB and BDDL handed

DHAKA: Investors witnessed slight gain in the benchmark indices of the country’s bourses on Thursday.The DSE broad index rose over 27 points to stand at 4,554 at the close on the last trading day of the week.Trade deals stood at 1,24,981 with transaction at Tk 6,323 million.     Of

DHAKA: The Bangladesh Bank (BB) has fixed maximum 50 percent loan for purchasing car.  The commercial banks will not be allowed to sanction car loan more than Tk 40 lakh to a particular client from now on. Deputy General Manager of the central bank M Anwarul Islam made the direction

DHAKA: Dhaka Customs Bond Commissionerate has confiscated bank accounts of 181 enterprizes due to the revenue defaults in past several months.A restriction has also been issued on their import and export oeprations under 202 section of custom law on over 600 enterprizes.Besides,

DHAKA: Britannia Industries Ltd (BIL), Indian food-products corporation based in Kolkata, is looking at an entry into Bangladesh. The company which makes biscuits, cakes and rusk, is also planning to launch a disruptive product within this year.“We are planning to revisit the SAARC

DHAKA: Paint manufacturer Akzo Nobel India is entering Bangladesh paints market through a tolling arrangement with a local company ACI Formulations Ltd.Jayakumar Krishnaswamy, MD, Akzo Nobel India told reporters after the company’s AGM that it planned to enter the ₹1,500-crore and

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Wednesday. The broad index of Dhaka Stock Exchange, DSEX, rose over zero point to stand at 4,527 at the close on the fourth trading day of the week. Trade deals stood at 101182 with transaction at Tk

DHAKA: The Sonali Bank Limited authorities on Tuesday filed a lawsuit against 33 persons, including the Hallmark Group MD Tanvir Mahmud and some of the former officials of Sonali Bank’s Hotel Sheraton (currently Ruposhi Bangla Hotel) branch, to realize Tk 755 crore.Some 33 people,

DHAKA: Bangladesh Bank warned that it will not tolerate any irregularities of the financial institutions in the country.The warning came out in a meeting with Chief Executive Officers (CEO) of financial institutions on Tuesday.The meeting, chaired by Bangladesh Bank (BB) Governor Dr.

DHAKA: The Tata-Singapore Airlines alliance on Monday unveiled the brand name for its venture in India. The new airline has been christened ‘Vistara’. ‘Vistara is inspired by Vistaar, a Sanskrit word that defines the world of limitless expanse,’ the company tweeted, reports

DHAKA: Neighboring India asked Bangladesh to permit a shipment of 35,000 tonnes of PDS foodgrains every month via sea route.The country requested in view of difficulty to be faced from October with the start of gauge conversion work in North East, The India Times reports on

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Monday.The broad index of Dhaka Stock Exchange, DSEX, rose over 34 points to stand at 4,565 at the close on the third trading day of the week.Trade deals stood at 152,815 with transaction at Tk 7,901

DHAKA: The authorities of Sonali Bank on Monday is going to file a case accusing 33 people including Hallmark Managing Director Tanvir Mahmud and former officials of Sonali bank (Rupashi Bangla branch) over loan scandal.The case would be filed with the court of Joint District Judge-1

DHAKA: The High Court on Sunday issued a rule upon the government to explain within four-week why should not be granted bail to Destiny Group chairman and its managing director (MD) over money laundering case. A vocation bench of Justice Mizanul Haque and Justice Jafar Ahmed issued the

DHAKA: Workers of Tuba Group started taking salary of July month and overtime bills from Bangladesh Garment Manufacturers and Exporters Association (BGMEA) building on Sunday noon. According to decision taken from tripartite meeting with worker, the government and BGMEA, the factory

DHAKA: Country's stock market marked significant gain in its price indices on Sunday. The broad index of Dhaka Stock Exchange, DSEX, shed over 44 points only to stand at 4,530 at the close on the first trading day of the week. Trade deals stood at 143729 with volume of transactions at

DHAKA: Tuba workers will get their salary for the month of July on Sunday. The decision came from a tripartite meeting of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and workers with Shipping Minister Shahjahan Khan on Saturday noon. The BGMEA has already paid the