DHAKA: Pran, a leading food producer, is mulling to invest 10 million US dollar in a bicycle assembly plant which is primarily focused on export to the European Union markets. Production is to start next April.PRAN-RFL Group is the Bangladeshi food-products corporation that is making an

DHAKA: Bangladesh`s overall remittance reached nearly $7 billion during the first half of the current fiscal (July 2013-June 2014), a central bank official said Monday.Quoting provisional data, the Bangladesh Bank (BB) official, who preferred to be unnamed, said "inflow of remittances

DHAKA: PRAN-RFL Group, Bangladesh’s largest food and nutrition producer is investing 10 million US dollar in a bicycle assembly plant near Dhaka which is primarily focused on export to the European Union markets. “Bicycles as an industry has good prospects to grow both at home and

DHAKA: The exports of readymade garments from Bangladesh rose by a sharp 19.95 percent year-on-year during the first half of financial year 2013-14, defying various odds like image crisis and political instability prevailing during the period, the data from the Export Promotion Bureau

DHAKA: European aircraft maker Airbus beat US rival Boeing with record sales and orders last year but came second in terms of finished airliners delivered.Figures from the company showed on Monday, reports The Straits Times.Airbus said that in 2013 it took 1,503 net orders, allowing for

DHAKA: Tata Motors Monday launched Nano Twist, a new variant of its entry-level hatchback priced at Rs.2.36 lakh.‘The Nano Twist will redefine customers driving experience in city traffic with the EPAS (electric power assisted steering system),’ said Ranjit Yadav, president, passenger

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Sunday.The Dhaka Stock Exchange Broad Index (DSEX) shed over 20 points to stand at 4,740 at 1:20pm.Trade deals stood at 62200with volume of transactions at Tk 2,668 million.Of the

DHAKA: Anti-Corruption Commission (ACC) issued notices in seven public organizations asking to submit the statement of wealth of former Water Resources State Minister and current Member of Parliament Mahbubur Rahman on Sunday.The ACC has sent notices at Rajdhani Unnayan Kartripakka

DHAKA: Egypt’s net international reserves (NIR) rose to $17.105 billion at the end of January, the first increase since August 2013, according to the latest figures released by the Central Bank of Egypt (CBE).The $73 million rise compared to the $17.032 billion recorded at the end of

DHAKA: China’s catering sector grew at its slowest pace in more than two decades in 2013 as diners avoided splashing out in luxury restaurants during an anti-corruption campaign targeting official excess, according to state media.Catering in China grew nine percent last year, the

DHAKA: German giant Mercedes admits it was ‘a little surprised’ when Indian customers snapped up 125 of its new top-of-the-line S-Class luxury cars costing US$250,000 apiece in just 16 days.India’s auto industry has skidded onto an icy patch and is set for a second straight year of

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over four points to stand at 4,753 at the close on the last trading day of the week.Trade deals stood at 160,255 with transaction at Tk 8,569

DHAKA: The world economy is projected to strengthen this year, with growth picking up in developing countries and high-income economies appearing to be finally turning the corner five years after the global financial crisis, says the World Bank’s newly-released Global Economic Prospects

DHAKA: World Bank predicted Bangladesh growth may dip as much as 1.5 percentage point to fall at 5.7 percent, down from a government projection of 7.2 percent for fiscal 2013-14 due to ongoing political stalemate.The global lender came up with observation on a half-yearly report titled

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, rose over 29 points to stand at 4,437 at the close on the first trading day of the week.Trade deals stood at 136,051with transaction at Tk 6,197

DHAKA: The 19th Dhaka International Trade Fair-2014 began in city’s Sher-e-Bangla Nagar area on Saturday.The premier of the country Sheikh Hasina inaugurated the fair at Bangabandhu International Conference Center at 11:00am.At the inaugural session, she said that the government is

DHAKA: Dutch-Bangla Bank Limited (DBBL) has launched mobile banking services at all the 1,026 branches of Bangladesh Krishi Bank (BKB).Under an agreement between the two banks, BKB will provide DBBL`s mobile banking services such as account-opening, cash deposit (cash-in) and cash

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 16 points to stand at 4407 at the close on the last trading day of the week.Trade deals stood at 116570 with transaction at Tk 5,175

DHAKA: Italy’s jobless rate rose in November to a new record high of 12.7 percent, data showed on Wednesday, and youth unemployment also hit its highest level on record above 41 percent.The data show that some timid signs of economic recovery are having no impact on the labour market

DHAKA: China will open up some telecom and internet services to foreign ownership.Five areas, including call centres and home internet access, will be open to full foreign ownership, the state-owned Xinhua news agency has said, reports the BBC.Firms providing online data and analysis