DHAKA: IFC, a member of the World Bank Group, and leading apparel supplier chain company VF Corporation provided loans to three Bangladeshi garment factories Sunday under a new program for funding fire and building safety improvements.The financing will support its suppliers to

DHAKA: Trading on the country’s two bourses is underway showing positive trend in share-price indices on Monday.DSEX, the prime index of Dhaka Stock Exchange, rose over nine points to stand at 4,939 at 11:30 am.Trade deals stood at 26,331 with transaction at Tk 999 million.Of the issues

DHAKA: PRAN Foods Ltd, a sister concern of PRAN, arranged daylong Dealers’ Conference-2014 in the capital recently.A total of 200 best dealers from Jhalmuri and Potato Cracker group participated at the conference, said a press release. Eleas Mridha, Director of PRAN, Kamruzzaman Kamal,

DHAKA: The government has signed a loan agreement of 60 million US dollar with World Bank (WB) for modernizing and strengthening National Board of Revenue (NBR) to increase internal wealth of Bangladesh.The deal signing ceremony was held at Planning Ministry conference room in Agargaon

DHAKA: Prime Minister Sheikh Hasina opened the Centre of Excellence for the Bangladesh Apparel Industries (CEBAI) during a ceremony held on Sunday at the Dhaka Apparel Summit at Bangabandhu International Conference Centre in city.The Centre of Excellence is an initiative supported by

DHAKA: Anti-Corruption Commission (ACC) has grilled four senior officers of Krishi Bank for issuing Tk 152 crore loan to three fake companies of a fugitive businessman, Wahidur Rahman.Deputy Director of the ACC Mohammad Zulfikar Ali interrogated them at its head office in city from

DHAKA: Prime Minister Sheikh Hasina on Sunday called upon the foreign buyers of Bangladesh readymade garments (RMG) for increasing the price of the products. She said if the price of RMG products increases, it will help increase the wages of workers as well as improve their lifestyle.

DHAKA: Country’s stock markets marked fall again in its price indices on Sunday. DSEX, the broad index of Dhaka Stock Exchange, shed over 31 points only to stand at 4,930 at the close on the first trading day of the week.Trade deals stood at 107056 with volume of transactions at Tk

DHAKA: Managing Director of Islami Bank Bangladesh Limited (IBBL) Mohammad Abdul Mannan received the 'Nawab Bahadur Nawab Ali Chowdhury National Award 2014' for his outstanding contributions to research on Bangladeshi History and Heritage.  Shri Biren Shikder, MP, State Minister for

DHAKA: Bangladeshi expatriate businessman Iqbal Ahmed has recently received prestigious ‘UKTI Export Champion 2015’ award by the British government department working for trade and investment in the country. Iqbal, chairman of Seamark, received the award for his outstanding

DHAKA: M Shamsul Alam recently has joined Jiban Bima Corporation, state-run life insurance company, as its chairman. Earlier, he worked as chairman at Sadharan Bima Corporation, another state-owned organization to deal with all classes of general insurance and re-insurance business

DHAKA: US ambassador to Dhaka Dan W Mozena on Saturday predicted that leather industry will turn into the second driving force of Bangladesh economy after readymade garments. Mozena also put emphasis on the fulfillment of workers’ basic rights as well as better working environment.

DHAKA: The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is going to host the "Dhaka Apparel Summit" from December 7 to 9. Prime Minister Sheikh Hasina is expected to open the summit.More than 50 speakers will be featured over the two days at the summit, including

DHAKA: Germany, currently the second top export market for Bangladeshi goods, will be the top, commented Bangladesh commerce minister Tofail Ahmed. The minister made the comment at secretariat in city on Thursday afternoon. Earlier on the day, the minister held a meeting with visiting

DHAKA: Toyota Motor Corp will recall 190,000 vehicles in Japan and China to replace potentially defective front passenger-side air bags made by Takata Corp, the latest in a long line of recalls for the embattled auto safety parts supplier. The recall followed an unusual deployment of a

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Thursday.DSEX, the broad index of the Dhaka Stock Exchange, shed over 30 points to stand at 4,961 at the close on the last trading day of the week.Trade deals stood at 135466 with transaction at

DHAKA: An agreement has been signed to export 25,000 metric tonnes rice to Sri Lanka.Food directorate director general Mohammad Sarwar Khan and Lanka Sathosa Limited chairman Nalin Fernando signed the agreement on behalf of their respective side at the food ministry on

DHAKA: Key share price index at both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) also witnessed positive trends on Wednesday, maintaining continuity with the past two days.However, DSEX, the prime index of DSE, reached at 4,992.00 points by 2:35pm, starting from

DHAKA: Trading on the country’s two bourses is underway showing positive trend in share-price indices on Wednesday. DSEX, the prime index of Dhaka Stock Exchange (DSE), rose over 46 points to stand at 4979 at 12:25 pm. Trade deals stood at 45,628 with transaction at Tk 2,257 million.

DHAKA: The Russian government has warned the economy will fall into recession next year as Western sanctions, in response to its role in eastern Ukraine, and falling oil prices begin to bite.Russia’s economic development ministry estimates the economy will contract by 0.8% next