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 26 points to stand at 4389 at the close on the fourth trading day of the week. Trade deals stood at 63,951with transaction at Tk

DHAKA: The leaders of the five Brics countries have signed a deal to create a new $100bn development bank and emergency reserve fund. The BRICS group is made up of Brazil, Russia, India, China and South Africa. The capital for the bank will be split equally among the five participating

DHAKA: Leaders of the Brics group of emerging powers huddled on Tuesday in Brazil to launch a new development bank and a reserve fund seen as counterweights to Western-led financial institutions. Brazilian president Dilma Rousseff welcomed the leaders of Russia, India, China and South

DHAKA: M Ahsan-Uz-Zaman was made new Managing Director (MD) of Midland Bank Ltd. He joined the bank on Tuesday, said a press release. The news release said he had been serving as an additional managing director of Mutual Trust Bank Ltd since 2009. Ahsan-Uz-Zaman worked in the Global

DHAKA: Robi Axiata, country’s one of the largest mobile phone operators, has deposited Tk 2.25 crore from the 2013 profit to the government’s workers welfare fund. Robi Chief Corporate and People Officer (CCPO) Matiul Islam Nowshad handed over the cheque to labour and employment

DHAKA: The Executive Committee of National Economic Council (ECNEC) approved six development projects involving Tk 7,839 crores. The approval came from an ECNEC meeting held on Tuesday at the NEC conference room in city’s Sher-e-Bangla Nagar area with ECNEC chairperson Prime Minister

DHAKA: State Minister for Labour and Employment Mujibul Haque Chunnu said that the salary and allowances of readymade garment workers would be paid within July 26. The decision was taken in a meeting with Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), Bangladesh

DHAKA: Bangladesh Bank (BB), the central bank of the country, issued a letter to Anti-Corruption Commission (ACC) to investigate into the loan scandal of state-owned specialized Basic Bank. The BB authorities said that they sent the letter with special messenger to the ACC on Tuesday.

DHAKA: Some dishonest businessmen are trading contaminated ghee pouring it in the container of famous brands.  The business is going on for long time as the authorities unaware of the matter.  A mobile court against food adulteration led by Magistrate HM Anwar conducted a drive in

DHAKA: Two vicious circles known as ‘Faltu’ and ‘Bodi Alom’ are controlling country’s leading Chittagong port. Payments beyond normal rules have become a regular system in the customs duty process.This information was divulged by TIB in a research paper presented at a

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 32 points to stand at 4376 at the close on the second trading day of the week.Trade deals stood at 49501with transaction at Tk 1,861

DHAKA: US-Bangla Airlines has launched their flights on Dhaka-Chittagong route from Thursday last promising modern aircraft and developed services along with lowest fare. The airlines official said the flight would cost less than Tk 3,900, than the highest fare taken by NavoAir. Fare

DHAKA: Bangladesh is the only country in the SAARC region which gets the lowest allocation as neighbouring country in the Indian new budget, reports Times of India.    The Budget has made lower provisions decreasing Rs 230 crore than the previous year. The aid for Bangladesh in the

DHAKA: The government didn’t follow existing rules in appointing new chairman and four directors for the state-owned BASIC Bank. Sources told banglanews that those appointments were given violating section 15/5 of Bank Company (amendment) law. The law said it is a must to take

DHAKA: Indian delegation from Industries and Trade Fair Association of Assam (ITFAA) visited Bangladesh last week to strengthen the socio-economic relationship between the two neighboring countries. The delegation met commerce minister Tofail Ahmed and submitted a memorandum requesting

DHAKA: A North American-led group of fast fashion brands operating in Bangladesh said Friday that it had closed or partially shut seven factories for remediation after inspectors found structural problems and safety concerns. The Alliance for Bangladesh Worker Safety — which includes

DHAKA: Civil Aviation and Tourism Minister Rashed Khan Menon has expressed dissatisfaction with the service quality of United Airways, one of private airlines in the country. He revealed it at a meeting at the conference room of the ministry on Thursday noon. He said that there are a

DHAKA: Dhaka University and leading mobile phone operator Robi Axiata Limited on Thursday singed a memorandum of understating (MoU) to set up an electronic library (e-library).’The MoU was singed at a function at DU vice chancellor AASM Arefin Siddique’s office.Under the MoU, the

DHAKA: Commerce Minister Tofail Ahmed asked garments owners to pay the salary and bonus of the workers before Eid-ul-Fitr.The commerce minister made the assertion after a meeting with European Union (EU) Ambassador William Hanna at his secretariat office on Thursday.They met to discuss

DHAKA: Anti-Corruption Commission (ACC) sued Assistant Register of Joint Stock Company Abdur Razzak Hawlader and three others for their alleged involvement in South East Bank money scam. The other accused are Examiner of Account Harun-or-Rashid, Assistant Registrar Ranjit Hawlader and