Wednesday, 01 May, 2024

Business

Ralph Lauren under fire for not to sign accord

DHAKA: Activists are rallying against United States-based clothing company Ralph Lauren for its staunch refusal to sign an international agreement that seeks to improve conditions for factory workers in Bangladesh, one of the world's biggest clothing suppliers. Nazma Akter, a 41-year-old

Power agreement with Nepal soon

KUSHTIA: Power and Energy Minister Nasrul Hamid Bipu on Thursday said the government would sign a power agreement with Nepal soon.“Both countries came to a consensus in this regard. The Nepalese government asked for a draft copy (of the agreement), which will be sent soon and want

Forex reserve sets $22b benchmark

DHAKA: The foreign exchange reserve has crossed the $22 billion mark for the first time in history riding on buoyant remittance inflows, moderate exports and declining import payments.Bangladesh Bank, the central bank of the country, made the disclosure on Thursday afternoon.BDST: 1723

Court sends plaintiff to jail

DHAKA: A Dhaka court on Thursday sent the plaintiff of toxic Paracetamol case to jail for his absence in court for three years after filing case. Abul Khaier Chowdhury, inspector of drug administration department, was sent to jail as he didn’t appear before the court in spite of

Call for workers’ demo in all RMG units

DHAKA: Readymade garment workers called for indefinite countrywide demonstration from Thursday to press their 5-point demand including to pay the salary from the Tuba factory.Labor leader Moshrefa Mishu called the strike after the police pulled out the workers of five factories of

Stocks witness mixed Thursday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Thursday.The broad index of Dhaka Stock Exchange, DSEX, rose over one point to stand at 4,486 at the close on the last trading day of the week.Trade deals stood at 1,13,860 with transaction at Tk

Tuba workers taking wages for day-2

DHAKA: Garment owners’ organization Bangladesh Garment Manufactures and Exporters Association (BGMEA) has started giving wages to the workers of five Tuba Group factories on the second-day. The process has started at 9:45 am on Thursday from BGMEA building in city’s Karwan Bazar

India central bank governor warns of global market crash

DHAKA: India’s central bank governor Raghuram Rajan says global markets are at risk of a ‘crash’ should investors start bailing out of risky assets created by the loose monetary policies of developed economies. The comments, carried in an interview with Central Banking Journal,

RMG workers stage demo Thursday

DHAKA: Tuba Group Sramik Sangram Committee called for countrywide protest on Thursday if their demand is not meet by authorities of the group.  Leader of the committee and deputy general of Bangladesh Garment Workers’ Trade Union Jolly Talukder confirmed the matter to banglanews. She

RMG workers stage demo Thursday

DHAKA: Tuba Group Sramik Sangram Committee called for countrywide protest on Thursday if their demand is not meet by authorities of the group.  Leader of the committee and deputy general of Bangladesh Garment Workers’ Trade Union Jolly Talukder confirmed the matter to banglanews. She

RMG workers stage demo Thursday

DHAKA: Tuba Group Sramik Sangram Committee called for countrywide protest on Thursday if their demand is not meet by authorities of the group.  Leader of the committee and deputy general of Bangladesh Garment Workers’ Trade Union Jolly Talukder confirmed the matter to banglanews. She

Prime Bank Mobile Banking Canceled

DHAKA: Bangladesh Bank (BB), the central bank of the country, has cancelled mobile banking services of private Prime Bank Limited.A competent source of concerned department said Payment System Department of Bangladesh Bank, on Wednesday, sent a letter to the bank in this regard. The

Stock witness gain Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday. The broad index of Dhaka Stock Exchange, DSEX, rose over 12 points to stand at 4484 at the close on the fourth trading day of the week. Trade deals stood at 1,24,574 with transaction at Tk

RMG workers stage demo Thursday

DHAKA: Tuba Group Sramik Sangram Committee called for countrywide protest on Thursday if their demand is not meet by authorities of the group.  Leader of the committee and deputy general of Bangladesh Garment Workers’ Trade Union Jolly Talukder confirmed the matter to banglanews. She

Wages to be given from BGMEA

DHAKA: The unpaid wages and bonuses of Tuba Group workers will be given from the Bangladesh Garment Manufactures and Exporters Association (BGMEA), not from the Tuba factories. BGMEA acting president SM Mannan told media in his office around 2:15pm. He said they were trying to pay the

SC asks Jamuna Bank DMD to surrender

DHAKA: Appellate Division of the Supreme Court asked Deputy Managing Director (DMD) of Jamuna Bank Limited Mozammel Hossain to surrender before the court. Vacation Bench Justice Syed Mahmud Hossain passed the order on Tuesday afternoon after hearing of a petition of the Anti-Corruption

Remittance inflow sets new record

DHAKA: The country has set a record $148 crore of remittance in the just concluded fiscal year, said Bangladesh Bank, the central bank of the country. After liberation war, this is the highest ever amount of remittance.  The figure is 15.15 percent higher than last June and 19.67

Bourses see gain Monday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Monday. The broad index of Dhaka Stock Exchange, DSEX, rose over 46 points to stand at 4467 at the close on the third trading day of the week. Trade deals stood at 118757 with transaction at Tk 5604

Forex reserves at over $ 21 bln in July

DHAKA: Bangladesh's foreign exchange reserves stood at over 21 billion U.S. dollars at the end of July, first month of current fiscal, said country's central bank. A reliable source of Bangladesh Bank said that "the country's foreign exchange reserves stood at 21,383.48 million U.S.

Walton gets best brand award

DHAKA: Walton, the country’s leading brand of electrical, electronics, automobile and home appliance products, has been honored with the ‘Brand Excellence’ award amongst all local and foreign brands for gaining customers’ confidence. On July 31, World Brand Congress handed over