DHAKA: Struggling airline Qantas has announced plans to cut 5,000 jobs, after reporting a heavy financial loss.It is part of the Australian carrier`s plans to cut costs by A$2bn ($1.79bn: £1.80bn) over the next three years, reports BBC.The cuts were announced alongside an underlying

DHAKA: India’s top court on Wednesday ordered the arrest of the head of the giant Sahara business group for failing to appear in a case involving repayment of billions of dollars illegally collected from small investors.The Supreme Court issued the order after Subrata Roy’s lawyer

DHAKA: The Appellate Division of the Supreme Court on Wednesday stayed the HC verdict declaiming the chairman and seven directors of Pubali Bank illegal as they did not own two percent of shares. Chamber Judge Hasan Foyej Siddiqui sent the case to chief justice full bench for hearing on

DHAKA: The government signed a $265 million additional financing agreement with the International Development Association (IDA), concessional arm of World Bank, for the ongoing Secondary Education Quality and Access Enhancement Project. The financing will help annually 4.5 million poor

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, shed over six points to stand at 4,750 at the close on the fourth trading day of the week.Trade deals stood at 95239 with transaction at Tk

FROM JATIYA SANGSAD: Bangladesh will get back the Generalized System of Preference (GSP) facility in US market within April 15.   Commerce Minister Tofail Ahmed made the disclosure while addressing the parliament in response to a query on Tuesday.BDST: 1835 HRS, FEB 25, 2014

DHAKA: The first meeting of the Joint Working Group for textile cooperation will be held between Bangladesh and India here on February 27.  An MOU on textile sector collaboration was signed between India and Bangladesh in August, 2013 when Abdul Latif Siddique, the then minister for

DHAKA: The High Court declared the chairman and seven other directors of Pubali Bank illegal due to lack of having minimum share of two percent.An HC bench of Justice MR Hasan passed the order on Tuesday.The illegal officials of the bank are Chairman Hafiz Ahmed Majumder and directors M

DHAKA: Merchant banks and brokerage firms instead of commercial banks will receive applications for IPO (initial public offering) shares from April 1 this year.The Bangladesh Securities and Exchange Commission (BSEC) took the decision in its 536th meeting on Tuesday with BSEC

DHAKA: Finance minister Abul Maal Abdul Muhith said Bangladesh is not fully capable to use the existing climate fund in fighting global warming.Muhith was addressing a discussion on the progress of the country’s preparation in collecting the fund Wednesday morning at NEC Conference

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Wednesday.DSEX, the Broad Index of Dhaka Stock Exchange, shed over five points to stand at 4,751 at 12:10pm.Trade deals stood at 23889 with volume of transactions at Tk 826 million.Of

DHAKA: Broadband Wireless Internet service provider (BWA operator) Banglalion has appointed Shafiqul Islam as its Chief Operating Officer (COO). Syed Nasim, Manager of Media & PR of Banglalion confirmed the matter in a press release on Monday.The news release said Shafiqul lslam joined at

DHAKA: Ukraine said on Monday it will need US$35 billion in urgent foreign assistance.The country also asked Western donors to convene an international conference within two weeks to agree a financial rescue plan.Interim finance minister Yuriy Kolobov said in a statement that the

DHAKA: Honda Motor Co named the first foreigner and first female to its all-Japanese, all-male roster of board members and operating officers on Monday, helping it catch up with rival Japanese carmakers in diversifying its executive ranks.Japan’s third-biggest carmaker named Issao

BARISAL: Miscreants looted Tk 59 lakh of private money transfer agency bkash, a sister-concern of BRAC Bank, in broad day light in the town by blasting cocktails on Monday afternoon.  The incident took place around 1:30pm at a bkash agent office at hospital road in the district town. 

DHAKA: It’s got four wheels and seatbelts, but Bajaj Auto, the creator of India’s first quadricycle, would rather you didn’t call it a car.Bajaj Auto is marketing the RE60 as a more stable and comfortable alternative to the three-wheeled autorickshaws ubiquitous on India’s roads

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Monday.The key index of Dhaka Stock Exchange, DSEX, rose over 24 points to stand at 4,751 at the close on the second trading day of the week.The volume of transactions stood Tk 112,437 million

DHAKA: Financial leaders from the 20 biggest economies have set a goal of generating $2 trillion in extra output over the next five years.During that period they aim to boost the gross domestic product of G20 countries by 2% above the levels currently expected.It is hoped the move will

DHAKA: The United States and the International Monetary Fund offered on Sunday to assist Ukraine in rebuilding its battered economy following devastating protests that have plunged the country into its worst crisis since independence.Fears that Ukraine’s debt-laden economy is facing

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, shed over 33 points only to stand at 4,727 at the close on the first trading day of the week.Trade deals stood at 99,282 with volume of transactions