Friday, 31 Mar, 2023


EU trade chief in court this month for tax fraud

DHAKA: The European Union’s Trade Commissioner Karel De Gucht will appear in a Belgian court on November 25 to face claims of 900,000 euros in unpaid taxes.Belgian dailies reported Friday, says The Straits Times.The former Belgian foreign minister, who is currently playing a key role in

Nissan to unveil electric sports car

DHAKA: Nissan said on Friday it would unveil a sporty concept electric vehicle at the Tokyo Motor Show as Japan’s number-two automaker presses on with its bid to tap the burgeoning green-car market.The company, which has been selling its Leaf electric vehicle since late 2010, said it

Twitter shares jump on market debut

DHAKA: Shares in the micro-blogging site Twitter closed at $44.90, up more than 73% from their initial price of $26 each.That means after its first day as a public company, Twitter is now valued at a little over $31bn (£19bn).More than 13 million shares were traded once they became

High profile BD delegation to join PTA

DHAKA: Amidst on going talks to establish a Bangladesh-Sri Lanka Preferential Trade Agreement (PTA), a high profile 54-member Bangladeshi business delegation is scheduled to attend the Commonwealth Business Forum, to be held in Colombo, on the sidelines of the Commonwealth Heads of

Link-road to be built with Bashundhara Cement

DHAKA: The link-road of much-talked-about Padma Bridge will be built with Bashundhara Cement, country’s no-1 brand cement.Abdul Monem Limited will construct the link-road and Bashundhara Industrial Complex will work with them as a partner.In this regard, a deal was signed between

Stocks witness gain Thursday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The Dhaka Stock Exchange (DSE) general index rose over 88 points to stand at 4,200 at the close on the last trading day of the week.Trade deals stood at 125,841 with transaction at Tk 4,738

Palli Sanchay Bank act draft ready

DHAKA: The government has finalized the decision in principle to establish Palli Sanchay Bank for the rural poor. The decision has taken in a meeting at Finance Ministry on Thursday with finance minister Abul Maal Abdul Muhith in the chair.The minister made the disclosure while talking to

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 46 points to stand at 4,158 at 10:50 am.Trade deals stood at 8,711 with transaction at Tk 306 million.Of the issues traded, 161

Twitter shares priced at $26 each

DHAKA: Twitter shares have been priced at $26 ahead of its debut on the New York Stock Exchange (NYSE) on Thursday.That is above the $23 to $25 range announced on Monday and values the short messaging service at more than $18bn (£11bn).That makes it the biggest market debut for a

Yunus condemns govt action

DHAKA: Nobel Laureate Dr Muhammad Yunus has expressed deep concern as the government passed the Grameen Bank Bill 2013 to bring the bank under the supervision of the government.The founder of the Grameen Bank (GB) came up with the discontent in a statement on Wednesday.   In the

Banglalink Grandmaster 3 engages for day-long training

DHAKA: The Banglalink Grandmaster season-3 which was launched few months back has engaged enormous number of students around the around the country, with above 8000 registered students in a single competition to start something new through technological advancement—specifically, mobile

Barclays’ no to Bangladesh finally

DHAKA: Barclays Bank of Britain finally closed their banking with private banks of Bangladesh. A reliable source confirmed the matter to banglanews. The bank straightly says no more banking activities with any Bangladeshi private banks. Sources said there is no problem of those banks in

Bourses see gain Wednesday

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 21 points to stand at 4,111 at the close on the fourth trading day of the week.The volume of transactions stood Tk 3,901 million

BD-Belarus to build up trade ties

DHAKA: Bangladesh and Belarus have outlined measures to strengthen trade and economic cooperation, BelTA learnt from the press service of the Belarusian Foreign Ministry.The bilateral ties were discussed during the visit of the Belarusian delegation led by Deputy Foreign Minister of

Grameen Bank bill-2013 passed

FROM PARLIAMENT: The parliament on Tuesday passed the much-talked-about Grameen Bank Bill-2013 bringing the micro-credit institution under the strong watch of Bangladesh Bank.On October 27, Finance Minster AMA Muhith placed the Grameen Bank Bill-2013 before the parliament.The draft of the

Stocks witness mixed Tuesday

DHAKA: Trading on the country’s two bourses witnesses mixed trend in share-price indices on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over four points at the close of the third trading day of the week.Trade deals stood at 109,765 with volume of transactions at Tk 3,889

Bisleri to set up water plant in BD

DHAKA: Bottled water major Bisleri International is making a foray into Bangladesh to expand its reach, and this will be the company’s first overseas expansion since this Italian brand was acquired in 1966.“We are in the midst of starting a plant at Dhaka in Bangladesh. That is yet to

Oct remittances down 15 pct yr/yr

DHAKA: Money sent home by Bangladeshis working overseas slipped 15 percent to $1.23 billion in October from a year earlier, the central bank said on Monday.Millions of expatriate Bangladeshis remitted $4.5 billion in July-October, the first four months of the current financial year, down

IFIC Bank signs MoU with IMED

DHAKA: IFIC Bank Ltd, private commercial bank of country signed a Memorandum of Understanding (MoU) on electronic government procurement (e-GP) system with the Central Procurement Technical Unit (CPTU) of Implementation Monitoring and Evaluation Division (IMED) under Ministry of Planning

Huge chance of trade in Singapore

CHANGI AIRPORT, SINGAPORE: High Commissioner of Bangladesh in Singapore Mahbub Uz Zaman categorically said that there is a vast opportunity of trade with Singapore. “Bangladesh High Commission in Singapore has been working in this regard,” he added.The High Commissioner made the