DHAKA: The President of the International Trade Union Confederation (ITUC) and Chairman of the Confederation of German Trade Unions Michael Sommer visited Bangladesh from April 6–9 to learn about the current situation and the perspectives of the labour movement in Bangladesh. With the

DHAKA: Robi Axiata Ltd, country’s leading mobile phone operator, has been recognized as the best Operating Company (OpCo) for round the year excellence in performance for the year 2013 at the Axiata senior leadership forum in Colombo

DHAKA: South Korea and Australia will sign a free trade deal this week, South Korean president Park Geun Hye said on Monday, after four years of negotiations on the pact.‘Tomorrow, we will sign a free trade agreement with Australia,’ Park said at a meeting of her top aides, according

BRAHMANBARIA: The National grid on Monday started getting 15 million cubic feet (MMCF) additional gas per day from Shimrail Kandi Gas Field in the district.Bangladesh Gas Field Company made the announcement.Confirming the matter to banglanews, Well-27 project director Fazlul Haque

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Monday.The key index of Dhaka Stock Exchange, DSEX, shed over 19 points only to stand at 4,608 at the close on the second trading day of the week.Trade deals stood at 96,671with volume of

DHAKA: Barclays has agreed to sell its retail banking arm in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB).ADIB is paying £107m ($177m) for the business which has 110,000 customers. Most of those are expatriate workers.Customers who move to ADIB will have to switch to finance

DHAKA: Bangladesh Bank (BB) has recently formed a high-level committee to find out irregularities of chief executive officers of the scheduled banks.Deputy Governor of the central bank Begum Naznin Sultana was made head of the committee.The disclosure came from a competent source from the

DHAKA: Commercial Bank of Kuwait, the Gulf state’s fifth largest lender by assets, said a majority of shareholders had approved a plan to convert the bank into a full-fledged Islamic lender.Kuwait state news agency KUNA reported last week, gulfnews.com publishes this report on

DHAKA: PRAN Dairy Limited and Land O’ Lakes Inc. signed a Memorandum of Understanding (MOU) to enhance Bangladesh’s dairy at the PRAN-RFL Group corporate headquarters last week.Under this project, Land O’ Lakes and PRAN Dairy will jointly invest six million US-dollars to increase

DHAKA: MasterCard has arranged “MasterCard South Asia Payments Round Table” at a hotel in Dhaka on Sunday.  Vicky Bindra, President, Asia Pacific and Ari Sarker, Division President, South Asia, MasterCard along with senior leaders of the South Asian Banking Industry attended the

DHAKA: A corporate deal has been signed between Bashundhara Cement and Bestec Constructions Limited with a view to using the cement in Bestec Constructions’ RMC plant.The agreement was signed at the conference room of Bashundhara Media House on Sunday noon.Bashundhara Group Managing

SAVAR, DHAKA: Workers of Adorn Knitwear Limited staged demonstration and laid a siege to the factory at Chowrongi Super Market of Savar Bazar, on outskirt of capital Dhaka, Sunday morning demanding payment of the due wages.Protesters and Industrial Police sources said workers came to the

DHAKA: Finance Minister Abul Maal Abdul Muhith said seven percent inflation will be projected in the budget for the upcoming 2014-15 fiscal year.He said, inflation rate was predicted 7.5 percent in current fiscal year. The trend is now down warding.We want to project 7 percent inflation

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday.The DSE board index shed over 32 points to stand at 4,588 at the close on the first trading day of the week.Trade deals stood at 86,882 with transaction at Tk 4,613 million.    Of the

SYLHET: Finance Minister Abul Maal Abdul Muhith categorically said the volume of the next budget for coming fiscal year 2014-15 may decrease for adjusting deficit of revenue collection.He came up with the disclosure to the journalists while he was visiting the renovation work of Sylhet

DHAKA: The USDA Post says that Bangladesh rice imports are likely to decline sharply to around 100,000 tons in MY (Market Year) 2014-15 (May-April), down about 75% from an estimated 400,000 tons in MY 2013-14 due to higher than expected production.The Post has increased the projections

DHAKA: New Zealand dairy giant Fonterra has been fined $NZ300,000 ($256,675; £154,748) after it admitted four food-safety violations during a 2013 botulism scare.The scare led to a worldwide milk product recall and to several countries blocking imports of New Zealand dairy

DHAKA: ICDDRB and PRAN-RFL Group (Durable Plastics Ltd) have signed a memorandum of understanding Thursday to collaborate on a research project to assess the benefits of safe water use in improving street food safety in Dhaka city. Under the agreement PRAN-RFL, as the research and

DHAKA: The US trade deficit increased sharply in February as imports rose and exports fell amid signs of slowing growth in China and Europe’s tepid recovery.US official data showed on Thursday, reports The Straits Times.The nation’s trade gap in goods and services with the rest of the

DHAKA: Mazda Motor Corp is to recall about 88,000 vehicles globally to fix a programming glitch in its engine control computer.The Japanese automaker is recalling the Mazda3, Mazda6 and CX-5, manufactured between October 2012 and January 2014, spokeswoman Misato Kobayashi said, reports