DHAKA: Reforms to the International Monetary Fund have hit a deadlock despite a declaration from global financial chiefs that they would move forward without the United States if it fails to ratify the changes by year-end.A G20 official said on Sunday, reports The Straits Times.The

CHITTAGONG: Stern legal action will be taken if illegal billboards and unfit vehicles are not moved from the port city within two months.Communications Minister Obaidul Quader issued the warning to concerned authorities on Sunday adding, “These unfit cars and illegal billboards are

DHAKA: A legal notice was issued to the Bangla daily Jugantor demanding Tk 100 crore as compensation and seeking apology for defamation and publishing false news against Petrobangla Chairman Professor Dr M Hossain Mansur.On behalf of Petrobangla Chairman, his lawyer Barrister Ashraf Uddin

DHAKA: The Bangladesh Bank (BB) has fixed charges for ATM, Internet and Mobile banking in inter-bank service with a view to accelerating electronic banking. In this regard, the central bank issued a circular signed by KM Abdul Wadud, General Manager of the bank, on Tuesday.From now on the

DHAKA: Symphony, a well renowned mobile company, has introduced a new model in Bangladeshi market named True Octa Core Smartphone ZIII at Tk 19,990.           In a grand ceremony at Hotel Westin Dhaka, Symphony has launched country’s true Octa Core run Smart phone ZIII on 14

DHAKA: Bangladesh Brand Forum (BBF) is set to organize 3rd Leadership Summit 2014 at the Raddison Blu Water Garden on the March 22. The summit will take place under the theme ‘In Search of Transformation’ seeking the next phase of industrial growth in the country and aims to inspire

DHAKA: A complaint cell is going to be opened at all commercial banks to stop harassment to the customers.In this regard, a daft policy has been finalized recently, said sources from the Bangladesh Bank.The central bank, in line with the police, directed the banks to set up a complaint

DHAKA: The annual fair of Real Estate and Housing Association of Bangladesh (REHAB) will begin on March 20.     The five-day long fair will continue till March 24 at Bangabandhu International Conference Centre.   The disclosure came from a press conference held at the National Press

DHAKA: A new inspection regime at garment factories in Bangladesh, launched after the Rana Plaza disaster, has so far not found “issues of a similar magnitude” to those that led to the tragedy.Inspections - covering fire, electrical and structural risks - have taken place at 10

KHULNA: German Ambassador to Dhaka Albrecht Conze on Sunday said the Rampal coal-based power plant, to be set up closer place to Sundarbans Forest, would be extremely risky to the world largest mangrove forest.Albrecht made the remarks at a press conference at the auditorium of Khulna

DHAKA: PRAN arranged grand reception for Yonathan Hambissa for playing vital role to import PRAN products to Ethiopia. Mizanur Rahman, chief of PRAN exports Ltd handed over the welcome crest to Yonathan Hambissa, owner of Yoha International Trading of Ethiopia at PRAN-RFL center in the

DHAKA: ACCA has confirmed that Chevron Bangladesh has met the quality criteria for the Award of Approved Employer Trainee Development-Platinum and BRAC EPL Investments Limited with Professional Development, said a press release.This means that  all  finance and accounting employees who

DHAKA: Chinese e-commerce company Alibaba Group Holding Ltd said on Sunday it has decided to begin the process for an initial public offering in the United States.Alibaba also said in a statement on its corporate news website it might consider extending its public status to Chinese

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday.The DSE Board index shed over 44 points to stand at 4,591 at the close on the first trading day of the week.Trade deals stood at 78,087 with transaction at Tk 2,925 million.    Of the

DHAKA: The number of Americans filing new claims for unemployment benefits unexpectedly fell and hit a fresh three-month low last week, suggesting a strengthening in labour market conditions.Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 315,000, the

DHAKA: The government has increased the power tariff up to 6.96 percent in consumer levels. The decision of hiking power price will be effective from March 1.From now on, the price of every unit of electricity will be Tk 6.15 instead of Tk 5.75.    Bangladesh Energy Regulatory

DHAKA: Petrobangla, a state-run company, decided not to supply gas to all fertilizer factories except Jamuna to keep the power production uninterrupted.   The authorities concerned took the decision to supply uninterrupted power during T-20 World Cup Cricket and irrigation for Boro

DHAKA: Country`s stock market marked fall again in its price indices on Thursday. The key index of Dhaka Stock Exchange, DSEX, shed over 25 points only to stand at 4,635 at the close on the last trading day of the week.Trade deals stood at 89948 with volume of transactions at Tk 3534

DHAKA: Robi Axiata Ltd, the country’s fastest growing mobile operator, recently launched its Auto Prepaid SIM Replacement System, which will bring better control on SIM replacement and deter opportunities of fraud, said a press release.The new system has been initiated for the safety of

DHAKA: Sonali Bank authorities have taken initiative to upgrade the security system for its branches across the country by installing night vision closed circuit cameras and vault alarm system.   Within next 15 days the bank will install night vision closed circuit cameras in inside and