DHAKA: Bangladeshi citizens working overseas sent a $14.227 billion in remittances during the period of July 2013 to June 2014 fiscal, a down by 1.6 percent from the previous year, said Bangladesh Bank (BB). Remittances inflows turned positive in February - the first year-on-year

DHAKA: China and South Korea agreed at summit talks Thursday to seek the early launch of a market to directly trade their currencies and complete free trade negotiations by the end of the year.The agreement was contained in a joint communique endorsed by South Korean president Park

DHAKA: Good governance is crying need for share market to bring back the confidence. The investors are not returning in the market due to lack of confidence as there was a long ups and downs. M Moniruzzaman, Managing Director of IDLC Investments Limited recently discussed with banglanews

DHAKA: An interagency review led by the office of the US Trade Representative (USTR) has concluded that Bangladesh has made some important progress, but must do more to address the worker rights and worker safety issues that led President Obama to suspend the country’s Generalized

DHAKA: Deputy Managing Director of International Monetary Fund (IMF) Naoyuki Shinohara opn Wednesday said at present the environment in Bangladesh is affable for investment than any other time of past. Naoyuki made the assessment at a meeting with Prime Minister Sheikh Hasina in her

DHAKA: The amount of foreign investment in Dhaka Stock Exchange (DSE) has increased by 181.90 percent in June though it decreased in the previous months. DSE sources confirmed the matter to banglanews. The amount of foreign investment in DSE in January was Tk 278 crore, in February Tk

DHAKA: The US private sector revved up hiring in June with broad-based gains that suggest the economy is picking up steam. Payrolls company ADP said on Wednesday, reports The Straits Times. The private sector added 281,000 jobs in June, surging higher from a lacklustre 179,000 in May.

DHAKA: Investors witnessed slight fall in the benchmark indices of the country’s bourses on Wednesday. The DSE broad index shed over 13 points to stand at 4,466 at the close on the fourth trading day of the week. Trade deals stood at 65,050 with transaction at Tk 2,578 million. Of

DHAKA: Asian Development Bank (ADB) will provide US$ 25.50 crore to Bangladesh to fight river and land erosion. The disclosure came from a press release on Tuesday. ADB will provide the support as biodiversity of the country is suffering a huge loss at every year, which amounts to Tk 25

DHAKA: There would be no scope for whitening black money, while undisclosed money can be invested in real estate sector paying fine. Finance Minister AMA Muhith made the remark in response a query of journalists at planning commission of capital’s Sher-e-Banglanagr Tuesday.   

DHAKA: Speakers hoped to make conducive business environment as there is a causal link between business and reduction of poverty. They made the remarks while speaking in a round table discussion titled ‘Inclusive Business in the context of Bangladesh: Prospects and Challenges’

DHAKA: All activities of banks and share markets will remain closed as the authorities declared Tuesday as bank holiday. Sources said Bangladesh Bank and main offices and important branches of other banks will remain open for running emergency export and import. The July 1 is observed

DHAKA: The World Bank (WB) signed an agreement to provide $78.4 million loan for developing energy sector of Bangladesh.They signed the contract under Rural Electrification and Renewable Energy Development project at a meeting at Planning Commission’s NEC-2 seminar room at

DHAKA: The cabinet on Monday proposed to reduce international call charges to stop illegal VoIP (Voice over Internet Protocol). Information Minister Hasanul Haque Inu placed the proposal in the cabinet chaired by Prime Minister Sheikh Hasina at the secretariat in the noon. Confirming

DHAKA: Country’s stock market marked fall again in its price indices on Monday.The broad index of Dhaka Stock Exchange, DSEX, shed over six points only to stand at 4,480 at the close on the second trading day of the week.Trade deals stood at 74,291 with volume of transactions at Tk

DHAKA: Farmers Bank, a commercial bank of the country, Managing Director Chowdhury Moshtaq Ahmed was fined for his involvement in irregularities. Bangladesh Bank fined the managing director for irregularities, a competent source from the bank confirmed this matter to banglanews.

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Monday. The Dhaka Stock Exchange Broad Index (DSEX) shed over four points to stand at 4,482 at 12:45pm. Trade deals stood at 47,851 with volume of transactions at Tk 2,727 million.

DHAKA: State-run Sonali Bank authority has filed another money loan case against much-talked Hall-Mark Group Managing Director Tanvir Mahmud and Chairman Jesmin Islam.  Sonali Bank executive officer Abdus Salam lodged the case with money loan court at 10:00am on Monday.  Lawyer of the

DHAKA: The European Investment Bank (EIB) is lending EUR 100 million to the Government of Bangladesh to finance a new sustainable surface water supply system in Dhaka.  The financing contract was signed in Dhaka on June 30. The main project component is a new sustainable surface water

DHAKA: All activities of bank will remain closed as the authorities declared Tuesday as holiday though Bangladesh Bank and other banks main office will remain open. July 1 has been observed as holiday as they prepared half-yearly financial report.  The bank authorities also stopped the