DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday. The Dhaka Stock Exchange broad index shed over 56 points to stand at 4,498 at the close on the first trading day of the week. Trade deals stood at 88,735 with transaction at Tk 3785

DHAKA: Engineers of Rajdhani Unnayan Kartripakkha (RAJUK) highly lauded the use of up-to-date technology and quality controlling of Bashundhara Cement, sister concern of country’s leading business conglomerate Bashundhara Group. A high level delegation, led by RAJUK member

DHAKA: The World Bank (WB) Friday approved $ 60 million interest-free credit to modernize Bangladesh’s value added tax (VAT) administration and to increase tax revenue.         The VAT improvement program project will introduce automation, including on-line VAT taxpayer services,

DHAKA: Finance Minster AMA Muhith on Saturday categorically said there would be no more opportunity for whitening black money though one can avail chances to legalize unexposed money giving fines. The finance minister came up with the assertion while speaking at a pre-budget view

DHAKA: The ceiling of personal income tax will be increased from 2.20 lakh to 2.25 lakh and it will be fixed for next five years. Finance Minister AMA Muhith made the disclosure in a pre-budget discussion with Economic Reporters Forum (ERF) at Secretariat on Saturday. He said since

DHAKA: Eminent banker Golam Hafiz Ahmed has been appointed as the Managing Director & CEO of NCC Bank Limited, private commercial bank. Prior to this appointment, he was the Additional Managing Director and Acting Managing Director & CEO of the same Bank.    He obtained his Masters

DHAKA: The 41st ‘RFL Best Buy’ outlet inaugurated at Mugda in the capital.  Director of RFL RN Paul inaugurated the outlet on Thursday. All RFL products such as RFL water pump, gas stove bathroom fittings, pvc pipe, sofa set, Vision branded electronics product and others are

DHAKA: Barclays is to cut 14,000 jobs this year - half of them in the UK - as part of a new strategy, the bank has said. The number is higher than the 10,000 to 12,000 jobs that the bank said earlier this year that it wanted to cut. The investment bank, which has been hit by a slowdown

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Thursday. The key index of Dhaka Stock Exchange, DSEX, shed over 20 points only to stand at 4,555 at the close on the last trading day of the week. Trade deals stood at 81092 with volume of

DHAKA: The Board of Directors of Dhaka Stock Exchange (DSE) has decided to spurn the shares of Padma Cement Limited, an enlisted company of Over the Counter Market (OTC) from the exchange.     DSE website made the disclosure on Wednesday, which came to an effect on this day.      

DHAKA: Revenue deficit in the first 10 months of current budget is around Tk 5,500 crore. Sources from the National Board of Revenue (NBR) told the matter to banglanews on Wednesday. NBR has collected Tk 79,224 crore as revenue in the first 10 months of the current fiscal year against

DHAKA: State Minister for Foreign Affairs M Shahriar Alam on Wednesday said Bangladesh is keenly interested to import electricity from Bhutan. The ruling Awami League lawmaker expressed his interest when Bhutanese Ambassador to Dhaka Aum Pema Choden paid a courtesy call to him at the

DHAKA: The Coca-Cola Foundation & TERI University, India has joined hands to launch the ‘Coca-Cola Department of Regional Water Studies’.  Coca-Cola and the TERI University have come to respond to the needs of creating new knowledge and capacity in water related issues in the

DHAKA: National Board of Revenue (NBR) Chairman Golam Hossain on Wednesday categorically said the income tax would be the main sector as revenue income in the budget of upcoming fiscal year 2014-15. The NBR chief came up with the observation while talking to the journalists after

DHAKA: Asia's growing dependence on Middle Eastern oil has amplified the risks it faces if the Strait of Hormuz is suddenly shut, making it more vulnerable to such a disruption than other regions. British think-tank Chatham House said on Wednesday, reports The Straits Times. Asia is

DHAKA: The Government of the Arab Republic of Egypt and the Government of the People’s Republic of Bangladesh signed agreement of two aircrafts for Bangladesh Biman.  Both of the two aircrafts were taken on lease from Egypt Air, the national flag-carrier of Egypt. The lease agreement

DHAKA: The point-to-point inflation rate dropped to 7.46 percent for the month of April 2014 from 7.48 percent of March. Inflation rate on food products has come at 8.95 on April – a .01 percent down from the previous month while inflation on others products came at 5.23 percent – a

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday. The key index of Dhaka Stock Exchange, DSEX, rose over 12 points to stand at 4,575 at the close on the fourth trading day of the week. Trade deals stood at 98,020 with transaction at Tk

DHAKA: Alibaba, arguably the world's biggest e-commerce company, filed paperwork on Tuesday that sets the stage for what could be the biggest initial public offering in U.S. history. The Chinese tech behemoth filed with the Securities and Exchange Commission to raise $1 billion, but that

DHAKA: Japan International Cooperation Agency (JICA) is going to provide Bangladesh $1.2 billion assistance in the upcoming fiscal year. JICA Chief Representative Takuo Toda made the disclosure after a meeting with Planning Minster AHM Mustafa Kamal at the ministry in Sher-e-Bangla Nagar