DHAKA: Mobile phone operator Robi Axiata Limited signed a memorandum of understanding (MoU) with CARE Bangladesh on Sunday. A press release in this connection said: The agreement was signed with the objective to jointly design, develop and implement sustainable enterprise development

DHAKA: The Indian state of Rajasthan has barred foreign direct investment in supermarkets, an ominous sign for global retailers who covet India’s vast but fragmented retail sector if the country’s main opposition Bharatiya Janata Party comes to power nationally in upcoming

DHAKA: Economic Relations Division (ERD) organized a workshop on ‘Effective South-South and Triangular   Cooperation and Knowledge Sharing’. The workshop was held at the NEC Conference Room of the capital on Sunday.       Finance Minister AMA Muhith inaugurated the workshop as

DHAKA: Tata Motors is launching two models this week for India’s Auto Expo but the sudden death of its operations chief has left the vehicle giant in turmoil as it struggles to rebuild its fortunes.Tata Motors, a unit of giant Indian tea-to-steel conglomerate Tata, has become almost

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Sunday. The key index of Dhaka Stock Exchange, DSEX, rose over 37 points to stand at 4790 at 10:50 am on the first trading day of the week. Trade deals stood at 13, 132 with transaction at

DHAKA: Three traders of the country bought 150,000 tonnes of wheat from neighbouring India at prices ranging from $302 to $305 per tonne, including cost of delivery to Chittagong port. Bangladesh turned to India for wheat supplies since New Delhi lifted a ban on exports in 2011. Its

DHAKA: Sanjiv Mehta, Executive Vice President, Unilever South Asia and MD and CEO of Hindustan Unilever Limited, is set to arrive in Dhaka on Saturday on a four day tour.He will be meeting the leadership team and managers of Unilever Bangladesh Limited (UBL) to discuss the plans for the

DHAKA: Japan`s consumer prices have risen at their fastest pace in more than five years, marking more progress in the country`s battle against deflation. Data showed that core consumer prices, excluding fresh food, rose by 1.3% in December from a year earlier, which was higher than

DHAKA: Using only the information derived from SewEasy Industrial Engineering (IE) software The Finery Ltd. and Rhymer Apparel Ltd. increased resource utilization leading to earning better profits on garment exports.Based on SewEasy work load estimation at each sewing machine, the

DHAKA: Poverty, natural disasters, and cheap labor may be what you would normally associate with Bangladesh, but Bangladesh could be Asia’s next major startup hub. “Bangladesh is becoming a land of opportunity,” says Samad Miraly, a Canadian-Bangladeshi angel investor based in

DHAKA: Prime Bank, a private commercial bank of the country, handed over some blankets to Bangladesh Bank to stand beside winter-stricken people. Managing Director and CEO of the bank Ehsan Khasru handed over the blankets to the Deputy Governor of Bangladesh Bank Shitangshu Kumar Sur

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 41 points to stand at 4,748 at the close on the fourth trading day of the week.Trade deals stood at 129,192 with transaction at Tk 6,278

DHAKA: Rapid Action Battalion (RAB) held the mastermind of Kishorgonj Sonali Bank branch robbery along with five sacks money from the city on Tuesday afternoon.  The detainee--Habib alias Sohel—was held from a house with looted money amounted over 16.19 crore in Shampur area of

DHAKA: The economy grew by 0.7% in the fourth quarter of 2013, according to the Office for National Statistics.It said gross domestic product was growing at 1.9%, the strongest since 2007.‘We’ve seen growth in most parts of the economy,’ said Joe Grice, chief economist at the ONS,

DHAKA: Investors saw moderate fall in the benchmark indices of country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, shed over 45 points only to stand at 4706 at the close on the third trading day of the week.Trade deals stood at 125,300 with volume of transactions

DHAKA: Bangladesh Bank (BB) on Monday directed all banks of the country to beef security of their vaults and take additional measures against burglary.The central bank issued a circular in this regard on Monday.In the circular to all chief executives of all the scheduled banks in the

DHAKA: Bangladesh Bank (BB) cut country’s economic growth forecast by more than one percent point to around 6.0 percent for the current fiscal year.The forecast came on Monday from central bank Governor Atiur Rahman. He opined that this cut is an aftermath of country’s political

DHAKA: Tata Motors stock fell by more than 6% on Monday as Thai police said they were investigating the possible suicide of the firm’s managing director Karl Slym.On Sunday Slym fell to his death from the 22nd floor of a hotel in Bangkok, where he was attending a board meeting of the

DHAKA: Bangladesh Bank (BB) on Monday announced the monetary policy statement for the second half (January-June) of 2014 fiscal year. Governor of the central bank Dr Atiur Rahman made the announcement of the monetary policy in a press conference in the afternoon.He said, “The image

DHAKA: After a suspension of over seven years, Biman Bangladesh Airlines is set to resume its Dhaka-New York flight in June next.The national flag carrier decided to resume a number of new destinations including the Dhaka-New York route.Biman Managing Director and Chief Executive Officer