DHAKA: China on Saturday promised neighbouring Pakistan investment worth US$42 billion, an official said, as Islamabad promised to help Beijing fight what it calls a terrorist threat in its far-west.Pakistan’s prime minister Nawaz Sharif oversaw the signing of 19 agreements and

DHAKA: Bangladesh Railway (BR) has taken a decision to increase the frequency of trips of ‘Maitree Express’ as it had made a profit of Tk four crore from the international passenger train service that connected Dhaka and Indian city of Kolkata. Currently, BR has been conducting two

DHAKA: Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Kazi Akram Uddin Ahmed on Friday categorically said the country’s reserved remittance have stood at 22 billons now.Kazi Akram said Bangladesh receives 14 billons dollars remittances every year whereas

DHAKA: European aerospace giant Airbus announced Thursday it had signed a preliminary deal to supply the China Aircraft Leasing Company with 100 planes.The contract worth around 8.1 billion euros had signed at catalogue prices, reports The Straits Times.The Chinese leasing firm wants

DHAKA: Jin-Yong Cai, the Chief Executive Officer of International Finance Corporation (IFC), has lauded bKash, the leading mobile financial service provider in Bangladesh, for taking financial services to the unbanked population. “bKash has been building the foundation to strengthen

DHAKA: Bangladesh Bank (BB) has taken the lead role to encourage banks  widen and deepen their CSR activities. The initiative of providing support to nine development organizations from BB's social responsibility fund is a bold step to this effort.Governor of Bangladesh Bank Dr Atiur

DHAKA: The Anti-Corruption Committee (ACC) decided to sue four people, including three Pubali Bank Limited officials, for embezzlement of Tk 10.25 lakh.The decision came from a meeting at ACC Headquarters in city’s Segun Bagicha area on Wednesday.ACC deputy director (public

DHAKA: A property flagship led by Asia’s richest tycoon Li Ka Shing said on Wednesday it plans to buy up to 60 passenger jets in a series of transactions that amount to more than US$2.5 billion.The Hong Kong businessman made his first major foray into the aviation industry in

DHAKA: The country’s remittance inflow registered a 14-month low in October hitting 101.07 crore US dollars, says a Bangladesh Bank source.The previous lowest figure was about 100 crore US dollars in August, 2013. The remittance inflow decreased by 17.87 per cent in October this

DHAKA: Key share price indexes at both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) are witnessing a mixed trend on Wednesday.Though, the both bourses were witnessing positive trend in the early hours of trading but later the price index of DSE and CSE went

DHAKA: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged Jamaat-e-Islami to withdraw its fresh hartal called for Wednesday and Thursday for the sake of business-friendly atmosphere.Expressing deep concern over the hartal enforced by Jamaat, country’s apex

DHAKA: India’s one of the largest car makers, Maruti Suzuki India, on Monday launched the new generation of its small car Alto K10 that comes equipped with automated gear shift and is priced up to Rs 3.82 lakh.With an eye on reviving growth in its bread and butter mini car segment,

DHAKA: Trading and official activities of country’s two bourses-- Dhaka Stock Exchange and Chittagong Stock Exchange--will remain closed on Tuesday on the occasion of holy Ashura.Sources from the DSE and CSE made the disclosure on Monday.However, the activities will resume on

DHAKA: Country’s leading online marketplace, Kaymu has celebrated its first anniversary at capital’s Spectra Convention Centre on Saturday night.Kaymu’s Public Relation Head Syeda Umaila Akter gave her inaugural speech while its Venture Developer Bertrand Desies presented key

DHAKA: The unrestricted use of fossil fuels must end soon if the world is to avoid dangerous climate change.That is the central message of a stark new report from the UN-backed Intergovernmental Panel on Climate Change (IPCC).The IPCC urges that by 2050, most of the world’s electricity

DHAKA: The National Board of Revenue (NBR) again extended the deadline for submitting income tax returns for 2014-15 fiscal year by one month up to November 30. NBR Senior Information Officer Syed A Momen confirmed the matter on Sunday. According to the Income Tax Ordinance -1984, there

DHAKA: Germany's parliamentarian state secretary of the federal ministry for economic cooperation and development Hans-Joachim Fuchtel said that Bangladesh’s readymade garment (RMG) sector has a great future and is in an excellent position to expand in the global market. He made the

SYLHET: Finance Minister AMA Muhith on Friday said that the country’s inflation rate will decrease to less than seven percent in the current fiscal year (2014-15). He also said that the country’s gross domestic product (GDP) will go beyond 6.2 percent, which was 6.01 percent in the

DHAKA: The US dollar rose in Asia on Thursday as a slightly bullish turn by the US Federal Reserve fuelled hopes for an early rise in US interest rates. The greenback hit a three-week high of 109.04 yen in afternoon trade, up from 108.90 yen in New York and 108.12 yen in Tokyo earlier

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The broad index of Dhaka Stock Exchange, DSEX, rose over 63 points to stand at 5,173 at the close on the last trading day of the week.Trade deals stood at 132,712 with transaction at Tk