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

DHAKA: Trading in country’s two bourses—Dhaka Stock Exchange and Chittagong Stocks Exchange--will remain closed on Tuesday due to Bank Holiday. Public relations departments of DSE and CSE confirmed the matter to banglanews. Trading at the both capital markets usually remains closed

DHAKA: Sam Issac, a seasoned aviation professional, has joined Regent Airways on June 28 as Chief Advisor. As a forward thinker, Sam Issac designed many systems and process for the airline industry while he has worked with aviation-airlines like Emirates, Etihad Airways, Saudi Arabian

DHAKA: Asian Development Bank (ADB) will provide Bangladesh Tk 724 crore as loan for the development of coastal areas.The organisation and the Government of Bangladesh Sunday have signed an agreement at National Economic Council (NEC)-2 conference centre for $ 98 million to develop

DHAKA: Rosatom’s four new nuclear power units, three in Russia and one in India will go in to production by the end of this year, says a press release.  Sergei Kirienko, Head of Russia’s state nuclear power corporation-Rosatom apprised the Prime Minister of Russia Dimitri

DHAKA: Investors witnessed significant gain in the benchmark indices of the country’s bourses on Sunday. The broad index of Dhaka Stock Exchange, DSEX, rose over 77 points to stand at 4,487 at the close on the first trading day of the week. Trade deals stood at 100,047 with

DHAKA: Finance Minister AMA Muhith on Saturday said that scope will remain for whitening black money through investing in housing sector. The minister came up with the assertion while discussing on the budget in national parliament in city. The proposed budget of Fiscal Year 2014-15 is

DHAKA: Banglalink, the country’s 2nd largest mobile telecom operator commercially launched 3G services in Magura recently by a jovial rally in the presence of massive crowd of all ages starting from DC Mor, Banglalink Point, Magura.  The rally started by flying off balloons and

DHAKA: Kerry Kennedy, President of Robert F Kennedy Center for Justice and Human Rights, said that Bangladesh is the biggest competitor of China. She made the remark while addressing the inaugural ceremony of the Social Business Day as the keynote speaker at city’s Radisson Hotel on

DHAKA: A new graduating class of labor inspectors of the Department of Inspection of Factories and Establishments (DIFE) is set to strengthen the capacity of Bangladesh’s labor inspection system. Efforts to improve working conditions in Bangladesh's ready-made garment (RMG) industry

DHAKA: Consumer prices in Japan rose at an annual rate of 3.4% in May, the fastest pace in 32 years ,as the effect of the sales tax hike started to be felt. Japan raised its sales tax rate from 5% to 8% on 1 April. The price growth in May follows a 3.2% jump in April and is a big boost

DHAKA: Labour Inspectors of the Department of Inspection of Factories and Establishments (DIFE) were awarded certificates at an event to mark the successful completion of three-week induction training on inspection and occupational safety and health. The improving working conditions in

DHAKA: Treasury related branches of Bangladesh Bank, the central bank of the country, will remain open on Saturday. BB said in press release that all departments related to treasury activities of the central Bank will stay open on June 28 so that necessary steps could be taken to make

KURIGRAM: The prize giving ceremony to the best sellers of Bashundhara Cement in Kurigram was held in the Bscic industrial area in the district on Thursday noon. Bashundhara Cement is a product of Basundhara Group. First prize was a 19” LED TV set won by ‘M/S Farhad and Brothers’

DHAKA: Investors witnessed slight gain in the benchmark indices of the country’s bourses on Thursday. The broad index of Dhaka Stock Exchange, DSEX, rose over five points to stand at 4,409 at the close on the last trading day of the week. Trade deals stood at 83632 with transaction at

DHAKA: India has moved a step closer to establishing industrial parks with China, the country’s law minister said on Wednesday, as New Delhi looks to rebalance a US$40 billion trade deficit with its northern neighbour. Ravi Shankar Prasad told reporters that India’s cabinet had

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