DHAKA: Pakistan on Thursday welcomed a US$6.7 billion loan from the International Monetary Fund (IMF), but economists warn it can only be a stop-gap measure unless Islamabad enacts uncomfortable economic reforms.The IMF executive board authorised a three-year loan, making an initial

DHAKA: Country’s stock markets marked fall in its price indices on Thursday, the last trading day of the week.The key index of Dhaka Stock Exchange, DSEX, shed over nine points only to stand at 4,118 at the close on the last trading day of the week.Trade deals stood at 101,906 with

DHAKA: JCB International Co., Ltd. (JCBI), the international subsidiary of JCB, the only global payment brand based in Japan Thursday announced that BRAC Bank Limited (BRAC Bank), a leading commercial bank in Bangladesh, starts JCB merchant acquiring operations in Bangladesh based on a

DHAKA: The number of mobile banking customers of the country reached to 72 lakh.Bangladesh Bank Governor Dr Atiur Rahman came up with the disclosure while addressing an inauguration ceremony of Mobile Credit Card ‘Swosti’ in a city hotel on Wednesday noon.The central bank governor

DHAKA: Anwar Ispat Limited, a leading steel maker of Bangladesh, signed an agreement with Kaltimex Energy Bangladesh (Pvt) Ltd on Wednesday, to set up a 14-MW gas based captive power plant in Gazipur.Brigadier General (retd) Ferdous H Khan Corp Director of Anwar Group of Industries (AGI)

DHAKA: Japanese car giant Toyota Motor said on Wednesday it was recalling some 370,000 vehicles worldwide over glitches that could cause them to stop mid-journey.The world’s biggest auto maker said around 170,000 units were being recalled because bolts pinning a valve control system

DHAKA: Growth figures on Wednesday confirmed that the euro zone finally escaped a damaging 18-month recession in the second quarter, but the bloc still lags well behind in global terms.The economy of the 17-nation euro zone, home to about 340 million people, grew 0.3 percent in the three

DHAKA: Bangladesh Bank is going to open Taka Jadughar in capital’s Mirpur area in first week of October, says a senior officer of the bank.Speaker of the Jatiya Sangsad Shirin Sharmin Chowdhury is likely to inaugurate the museum.General Manager of Governor secretariat of Bangladesh Bank

DHAKA: Huntsman Textile Effects is leading the way by proactively engaging textile mills and brands in Bangladesh to reduce environmental footprint and to drive sustainable excellence to compete in the global market. Raking in $20 billion annually, the Bangladesh’s textile industry is

DHAKA: Both the country’s two bourses witnessed mixed trend in share-price indices on Wednesday.The key index of Dhaka Stocks Exchange, DSEX, shed over zero point to stand at 4,128 at the close on the fourth trading day of the week.Trade deals stood at 1,19,223 with transaction at Tk

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over 27 points to stand at 4,127 at the close on the third trading day of the week.Trade deals stood at 98,673 with transaction at Tk 4,567

DHAKA: The ongoing slide of the Indian currency is poised to cause some major dents to Bangladesh’s garment exports, as the two neighbouring countries compete in the same segments globally.The rupee slumped to a record low last week amid growing concerns over the health of the Indian

DHAKA: Omera Fuels Limited (formerly Mobil Jamuna Fuels Limited) is to bring a new petroleum oil storage terminal online to reportedly increase the country’s fuel reserve required to run independent power plants.This will be the largest Public–Private Partnership (PPP) ownership tank

DHAKA: Norway’s Telenor (In Bangladesh known as Grameen Phone) will implement its India retail strategy in Thailand and Bangladesh which had helped the company double customer revenue and lower churn in the country, a senior executive said.“The average revenue per user (Arpu) has

DHAKA: Managing Director, also CEO, Kevin Steele on Sunday categorically said Biman Bangladesh Airlines would not be viable and profitable in 2013-2014 as per the national flag carrier will see a loss around Tk 80 crore. The chief executive officer of Biman came up with the observation

DHAKA: PRAN, the largest food processing company in Bangladesh, started guava pulping this year, said a press release. Director of PRAN Eleash Mridha informed that PRAN would collect 2,000 tonnes guava in this season. PRAN collects guava from own contractual farmers and suppliers for

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Sunday.The Dhaka Stock Exchange (DSE) general index rose over 12 points to stand at 4,140 at the close on the last trading day of the week.Trade deals stood at 1,17,094 with transaction at Tk 5412

DHAKA: Bangladesh earned a total of US $10 crore from ICT and software development sector in 2012-2013FY.Bangladesh Association of Software and Information Services (BASIS) disclosed the information in a press conference at a city hotel on Saturday.According to the BASIS, for the first

DHAKA:  India`s economy grew at 4.4 per cent in the April-June quarter, the slowest quarterly rate since the global financial crisis. This was also the third consecutive quarter of below 5 per cent growth, building more pressure on the government to take immediate action to resuscitate

Wal-Mart Stores Inc told investors on Thursday that it could provide up to $50 million in low-interest loans or other types of payments to Bangladesh factory owners for building improvements.The money is part of the more than $100 million in loans and access to capital that a group of