DHAKA: Mutual Trust Bank Limited (MTB) has recently signed an agreement with Software Shop Limited (SSL) Wireless in its head office in Gulshan on Wednesday. Anis A Khan, Managing Director & CEO of MTB and Sayeeful Islam, Managing Director of SSL Wireless signed the agreement on behalf

DHAKA: World Bank Bangladesh office chief economist Zahid Hussain on Wednesday said the budget of 2014-2015 fiscal year is not bigger comparing to the country’s overall development, rather it is bigger than the capacity of implementation. The noted economist came up with the remarks

DHAKA: The government has decided to import onion from Myanmar and Turkey due to rise of its price in internal market of India.  Commerce Minister Tofail Ahmed, in a meeting about stock of daily necessary products and their prices before the holy Ramadan, revealed the matter to

DHAKA: State Minister for Power, Energy and Mineral Resources Nasrul Hamid Bipu has said the government made a plan to import diesel through pipeline from India from 2017.  The state minister came up with the disclosure addressing parliament in response to a query from a lawmaker. He

DHAKA:  Intertek, a UK-based leading quality solutions provider to industries worldwide, launched the largest ‘Softline Lab’ in Dhaka on Wednesday to strengthen the country’s growing readymade garment industry’s potentiality. Commerce Minister Tofail Ahmed inaugurated the lab at

DHAKA: Employees of country’s national carrier Biman Bangladesh Airlines will seize the office of Managing Director on June 30 to press home their six-point demands. Biman Shramik League President Mashiur Rahman announced the programme at airlines’ headquarters in Balaka Bhaban in

DHAKA: Country's stock market marked gain in the benchmark indices of the country’s bourses on Wednesday. The broad index of Dhaka Stock Exchange, DSEX, rose over 10 points to stand at 4,403 at the close on the fourth trading day of the week. Trade deals stood at 86,084 with

DHAKA: International Finance Corporation (IFC), a member of the World Bank Group, has launched a trade finance facility with local apparel manufacturer MBM Group. This is IFC’s first transaction in Bangladesh under the IFC Global Trade Supplier Finance program, and it will help MBM

DHAKA: Anti-Corruption Commission (ACC) arrested director of Shahjalal Islami Bank Limited, Md Soliman, from city’s Bijoy Sarani area on Wednesday noon. Sources said to banglanews that a team of ACC led-by its assistant director Rafiqul Islam in a special drive picked up him from Akram

DHAKA: Holcim Cement Bangladesh Ltd (HBL), a leading Cement Manufacturer of the country celebrates its successes in a two day long celebration event followed by a press briefing at its new Corporate Office at building called “Ninakabbo” located at Tejgaon-Gulshan Link Road of the

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Wednesday. The broad index of Dhaka Stock Exchange, DSEX, rose over 18 points to stand at 4,411 at 12:10 pm. Trade deals stood at 8,711 with transaction at Tk 306 million. Of the issues

DHAKA: The government is keen to sign a Memorandum of Understanding (MoU) to bring back laundered money from Swiss Banks. The Bangladesh Financial Intelligence Unit (BFIU) of Bangladesh Bank (BB) has sent a letter to the Money-Laundering Reporting Office (MROS) of Switzerland in this

DHAKA: It took Western safety inspectors only about an hour to tour a factory the size of three football fields before ordering a partial shutdown of Sonia & Sweaters Ltd, a Bangladesh clothing supplier to Wal-Mart Stores Inc (WMT.N) and Debenhams (DEB.L). Two weeks later, the group that

DHAKA: The Chittagong Water and Sewerage Authority (CWASA) has undertook Chittagong Water Supply Improvement and Sanitation Project (CWSISP) in a bid to increase the supply of safe and clean water by constructing selected water production, transmission, distribution and storage facilities

DHAKA:  The businessmen who are involved with export related business can take up to Tk 120 crores as loan from Export Development Fund (EDF) instead of Tk 96 crore. The central bank of the country, Bangladesh Bank (BB), issued an order in this regard on Tuesday. In the order BB said a

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Tuesday. The broad index of Dhaka Stock Exchange, DSEX, rose over 25 points to stand at 4,392 at the close on the third trading day of the week. Trade deals stood at 72,817 with transaction at Tk

DHAKA: Executive Committee of National Economic Council (ECNEC) Tuesday has given final approval of the three projects involving Tk. 503 crore.  The meeting of the government's highest policy-making body was held at NEC conference room in the morning with Prime Minister Sheikh Hasina in

DHAKA: Japanese prime minister Shinzo Abe is expected on Tuesday to unveil a fresh round of reforms to boost a nascent growth recovery, reports said, his second attempt at launching the ‘third arrow’ of his economic action plan. In a package that has already been heavily trailed, he

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Tuesday. The key index of Dhaka Stock Exchange, DSEX, rose over 28 points to stand at 4,396 at 11:20 am. Trade deals stood at 12559 with transaction at Tk 464 million. Of the issues traded,

DHAKA: The transaction hour of commercial banks during the month of Ramadan is set for five hours from 9:30am-2:30pm with a prayer break for 15 minutes from 1:15pm. Bangladesh Bank (BB), the central bank of the country, issued a notification in this regard on Monday.  It also said the