The latest dollar-gold syndrome is hitting hard at least two major South Asian countries and their currencies, which are already suffering due to their poor external balances.India and Pakistan are the victims of the crisis, which means a huge South Asian population — more than one

Biman Bangladesh Airlines, the country’s flag carrier, is set to become profitable by 2015, after breaking even in the current fiscal year ending June 2014, a top official said.The airline is also planning an initial public offering (IPO) in three years, after becoming profitable, when

DHAKA: Prices of mobile phones, laptops, TV sets and printers are set for a second hike in as many months as the rupee has upped costs for companies just ahead of the crucial festive season.Companies said the pressure from a depreciating rupee refuses to ease and uncertainty persists over

DHAKA: Bangladesh plans to import 200,000 tons of cotton a year from Uzbekistan in a new deal to be finalized soon.Negotiations are underway to set its terms in a Memorandum of Understanding between the two governments, the Financial Express quotes Bangladesh Garment Manufacturers and

BRAHMANBARIA: Urea fertilizer manufacturing at Ashuganj Zia Fertilizer Factory halted for mechanical breakdown early Thursday, for a fifth time in less than three months.Factory sources said leakage in the boiler forced the suspension of production. The factory’s daily output is 1400

DHAKA: The Department for International Development (DFID) of the United Kingdom will assist Bangladesh in making protection embankments and cyclone centers in coastal areas of Bangladesh.State Minister for DFID R.T Hone Allan Dancan gave the assurance Tuesday when Food and Disaster

DHAKA: The government has taken initiative to motivate private- sector entrepreneurs with cut-down costs for generating power as the country is suffering a lot for chronic electricity crisis.  So, Bangladesh Energy Regulatory Commission (BERC) decided to cut license, renewal and

DHAKA: United Airways, a non-government airliner of the country and the sole aviation company in the capital market is going to add four more aircrafts in its service soon. Purchase process for one Airbus A-310/325 and three ATR aircrafts is already underway, an insider source

DHAKA: The sales team of Holcim Bangladesh celebrated its 10-year journey in Bangladesh through a colorful gathering recently. “Holcim Bangladesh started its journey by acquiring Hyundai in 2000 and since then has been operating in the country as one of the leading brand of the

DHAKA: Expatriates Welfare and Overseas Employment Minister Khandaker Mosharraf Hossain Wednesday said the Malaysian government showed interest in taking 6,000 more workers from Bangladesh, bending a virtual ban.       “They would also take labourers from Sudan, Jordan, Congo. So,

DHAKA: Eastern Bank Ltd for the first time in the country is going to introduce corporate visa card for the officials and employees of corporate houses for serving the clients.Officials of any corporate company will be able to meet their all expenses during business tours, reception and

ASHUGANJ: Country’s two big fertilizer manufacturers--Jamuna and Ashuganj Zia factories--resumed operation Tuesday, well ahead of the biggest farming season. Jamuna Fertilizer Factory at Tarakandi in Jamalpur district began production of urea fertilizer Tuesday after four months’

DHAKA: The state-owned Janata Bank Limited is going to get enlisted with the capital market under the book-building method for avoiding unwarranted dispute over premium fixing. Sources in the Securities and Exchange Commission (SEC) confirmed the matter to banglanews Monday. The SEC

DHAKA: Country’s economists Monday suggested the government properly utilize a glut of foreign exchange sent by expatriate Bangladeshis in remittances instead of depending on drip-feed of foreign aid. They gave the opinion at a discussion titled ‘Joint cooperation strategy:

DHAKA: United Commercial Bank Ltd (UCB) held its Extra-Ordinary General Meeting and the 25th, 26th and 27th Annual General Meetings (AGMs) for the years 2008, 09 and 2010 at a city hotel on Sunday.UCB Chairman MA Hashem presided over the meeting, said a press release.In the AGM, the Board

NATORE: The workers and employees of Natore Sugar Mills staged demonstrations Monday to press for declaration of a separate wage scale for them.As part of their agitation plan, they brought out a protest procession at about 8 am and demonstrated on the factory premises.Later, leaders of

DHAKA: Government authorities decided that the daily six-hour shutdown on gas stations will continue, while indications have it that power outages may also increase.The decision on the motor-fuel rationing came from a meeting at Energy division Sunday, said Prime Minister`s Energy Adviser

NATORE: The workers and employees of North Bengal Sugar Mills Saturday staged a sit-in demonstration to press for declaration of a separate wage scale. General Secretary of Mill Workers-Employees Union Anwar Kamal told banglanews, “The workers and staffers of the sugar mill staged

DHAKA: Business leaders demanded the formation of a special cell in the police headquarters to thwart threats for extortion by phoning. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) raised the demand before Inspector-General of Police Hasan Mahmud Khandaker and

DHAKA: Hard-hit by their business crash, meat traders of the city threatened movement if the government failed to pacify the panic of anthrax and make the meat trade normal within 15 days. They issued the ultimatum from a discussion at Gabtoli on Friday afternoon. “The capital will be