DHAKA: Abdus Salam Murshedi, leader of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has said foreign investment is no more necessary in the readymade garments sector. “The foreign investment is not needed in the garment sector in Bangladesh but the investment is

DHAKA: Etihad Airways is injecting €560 million and taking a 49 percent stake Italy’s debt ridden national carrier Alitalia after 12 months of negotiations. The deal, finalised in Rome on Friday, gives Etihad access to Europe’s fourth largest travel market but also means that

SAVAR, DHAKA: The workers of Helicon Sweater factory started work abstention at Dhaka Export Processing Zone (DEPZ) in Savar, on outskirt of the capital, on Saturday. Sources said that the workers of the factory entered into the factory on time and then started sit-in programme to meet

DHAKA: Activists are rallying against United States-based clothing company Ralph Lauren for its staunch refusal to sign an international agreement that seeks to improve conditions for factory workers in Bangladesh, one of the world's biggest clothing suppliers. Nazma Akter, a 41-year-old

KUSHTIA: Power and Energy Minister Nasrul Hamid Bipu on Thursday said the government would sign a power agreement with Nepal soon.“Both countries came to a consensus in this regard. The Nepalese government asked for a draft copy (of the agreement), which will be sent soon and want

DHAKA: The foreign exchange reserve has crossed the $22 billion mark for the first time in history riding on buoyant remittance inflows, moderate exports and declining import payments.Bangladesh Bank, the central bank of the country, made the disclosure on Thursday afternoon.BDST: 1723

DHAKA: A Dhaka court on Thursday sent the plaintiff of toxic Paracetamol case to jail for his absence in court for three years after filing case. Abul Khaier Chowdhury, inspector of drug administration department, was sent to jail as he didn’t appear before the court in spite of

DHAKA: Readymade garment workers called for indefinite countrywide demonstration from Thursday to press their 5-point demand including to pay the salary from the Tuba factory.Labor leader Moshrefa Mishu called the strike after the police pulled out the workers of five factories of

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Thursday.The broad index of Dhaka Stock Exchange, DSEX, rose over one point to stand at 4,486 at the close on the last trading day of the week.Trade deals stood at 1,13,860 with transaction at Tk

DHAKA: Garment owners’ organization Bangladesh Garment Manufactures and Exporters Association (BGMEA) has started giving wages to the workers of five Tuba Group factories on the second-day. The process has started at 9:45 am on Thursday from BGMEA building in city’s Karwan Bazar

DHAKA: India’s central bank governor Raghuram Rajan says global markets are at risk of a ‘crash’ should investors start bailing out of risky assets created by the loose monetary policies of developed economies. The comments, carried in an interview with Central Banking Journal,

DHAKA: Tuba Group Sramik Sangram Committee called for countrywide protest on Thursday if their demand is not meet by authorities of the group.  Leader of the committee and deputy general of Bangladesh Garment Workers’ Trade Union Jolly Talukder confirmed the matter to banglanews. She

DHAKA: Tuba Group Sramik Sangram Committee called for countrywide protest on Thursday if their demand is not meet by authorities of the group.  Leader of the committee and deputy general of Bangladesh Garment Workers’ Trade Union Jolly Talukder confirmed the matter to banglanews. She

DHAKA: Tuba Group Sramik Sangram Committee called for countrywide protest on Thursday if their demand is not meet by authorities of the group.  Leader of the committee and deputy general of Bangladesh Garment Workers’ Trade Union Jolly Talukder confirmed the matter to banglanews. She

DHAKA: Bangladesh Bank (BB), the central bank of the country, has cancelled mobile banking services of private Prime Bank Limited.A competent source of concerned department said Payment System Department of Bangladesh Bank, on Wednesday, sent a letter to the bank in this regard. The

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 12 points to stand at 4484 at the close on the fourth trading day of the week. Trade deals stood at 1,24,574 with transaction at Tk

DHAKA: Tuba Group Sramik Sangram Committee called for countrywide protest on Thursday if their demand is not meet by authorities of the group.  Leader of the committee and deputy general of Bangladesh Garment Workers’ Trade Union Jolly Talukder confirmed the matter to banglanews. She

DHAKA: The unpaid wages and bonuses of Tuba Group workers will be given from the Bangladesh Garment Manufactures and Exporters Association (BGMEA), not from the Tuba factories. BGMEA acting president SM Mannan told media in his office around 2:15pm. He said they were trying to pay the

DHAKA: Appellate Division of the Supreme Court asked Deputy Managing Director (DMD) of Jamuna Bank Limited Mozammel Hossain to surrender before the court. Vacation Bench Justice Syed Mahmud Hossain passed the order on Tuesday afternoon after hearing of a petition of the Anti-Corruption

DHAKA: The country has set a record $148 crore of remittance in the just concluded fiscal year, said Bangladesh Bank, the central bank of the country. After liberation war, this is the highest ever amount of remittance.  The figure is 15.15 percent higher than last June and 19.67