DHAKA: The High Court Sunday issued a rule asking the government to explain the legality of a law enacted last year with retrospective effect from the previous year against money laundering.       Under provision of the Money Laundering Act 2009, money-laundering suspects sued in

SAVAR: Belying the management’s announcement of reopening all the four garment factories of Nasa Group here, three of the trouble-ridden factories remained closed Sunday as the owners continued taking punitive action against suspects in violence.   Meanwhile, 12 more workers of the

CHITTAGONG: Chittagong Port dockworkers Sunday staged a two-hour sit-in strike in front of Bandar Bhaban as part of their series of programmes to press their demands, including reinstatement of their retrenched colleagues.Dock Bandar Sramik-Karmachari Federation led the squatting that

NARSINGDI: A major unit of Ghorasal thermal power plant went phut Saturday, cutting down electricity generation by 210 megawatts, at a time when the country reels from outages.Chief engineer of Ghorasal power plant Tamal Chandra Sutradhar told banglanews24.com.bd, “The fourth unit of

CHITTAGONG: Chittagong Port dockworkers Saturday announced a staggered 18-hour work abstention from Sunday to press their four-point demands, including reinstatement of their retrenched colleagues.General Secretary Mahfuzur Rahman Khan of the Chittagong Dock Bandar Sramik-Karmachari

DHAKA: Prime Bank is going to introduce a modern software named “Remit Fast” for the expatriates for transferring remittance in a easy and quick way. Remittance transferring through the new software will begin on the first week of August on experimental basis, Prime Bank Managing

DHAKA: Japanese business community is keen to invest in Bangladesh for developing the country’s socioeconomic infrastructure, needed for a faster national progress through utilization of dormant prospects.Japanese Foreign Minister Katsuya Okada informed his Bangladesh counterpart Dr

GAZIPUR: Techno Drugs Limited (TDL), a local drug-manufacturing company, will market three more new anti-cancer drugs for the medication of cancer patients at a cheaper cost.The medicines-- named Docetax, Amtrex and Vincrest-- will be used for the cure of cancer in breasts, lungs, head,

DHAKA: The Cabinet committee for public purchases Thursday approved the setting up of two picking plants with the capacity of 50MW each.  It also decided to buy one-lakh metric tonnes of wheat and 30 thousand metric tonnes of boiled rice.The approval was given in a meeting of the cabinet

DHAKA: The Securities and Exchange Commission Thursday fined Dhaka Stock Exchange and Chittagong Stock Exchange Tk 100,000 each in a significant punitive action for market manipulation by operators of both the bourses.DSE has been fined for trading share before the scheduled time and for

DHAKA: National Board of Revenue (NBR) has formed an eight-member special committee for simplifying the income tax law and rules.  NBR believes common people are afraid of complexities of procedures although they are willing to pay income tax. As a result, NBR has been deprived of due

DHAKA: Commerce Minister Lt. col. (rtd) Faruq Khan on Thursday asked the RMG factories to ensure maternity leaves for garment workers and separate women toilets in the workplace by August. Only 60 percent women workers get maternity leaves and 36 percent factories have separate toilets

DHAKA: Foreign Direct Investment (FDI) in Bangladesh is on the decline as the country received FDI worth US$ 700.16 million in 2009, down by US$ 386.14 million from the previous year.The World Investment Report published Thursday at the office the Board of Investment (BOI) revealed the

DHAKA: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) leaders Thursday said the US$12.35 billion industry was facing local and international conspiracies that emerged as a threat to the existence of the biggest export earner and employer for the country.  “Negative

NARAYANGANJ: Newly elected office bearers of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) have taken charge on Wednesday. Office bearers of the previous committee were not present in the take over programme.Newly elected BKMEA President Selim Osman at the

DHAKA: An exhibition of new technology for readymade garment sector entitled Textech Expo will begin in the capital on July 28.   “The expo aims to introduce new and effective technology for readymade garments industry,” said event organiser SS Sarwar, director of Conference and

DHAKA: Railway would be a better option for India compared to roadway if Bangladesh allows transit facilities for transportation of goods towards North-Eastern States (NES) known as seven sisters, experts told a seminar. They opined that Bangladesh-India partnership in transit would be

DHAKA: Bangladesh Bank on Wednesday declared an agriculture loan policy with a target to distribute Tk 12,600 crore for the current fiscal year.The policy for the very first time has included purchase of solar irrigation pump.BB governor Dr. Atiur Rahman announced the policy at Bank’s

DHAKA: Bangladesh is going to sign a deal with the World Customs Organization (WCO) for assistance in modernizing the outmoded Customs Department and simplifying cumbersome customs procedures. “The agreement will be signed next week,” Finance Minister Abul Maal Abdul Muhith disclosed

 DHAKA: Investment Corporation of Bangladesh (ICB) and ICB Asset Management Company Ltd (AMCL) are likely to declare dividend on different mutual funds for FY 2009-10 on 29 July. A senior official of ICB, wishing anonymity, said that the dividend would be declared at the board meeting of