DHAKA: Prime Bank Limited achieved the Business Award-2013 for its significant contributions in the Banking Services.Managing Director of the Bank Ehsan Khasru, also CEO, received the award from the Shipping Minister Shajahan Khan MP at a local hotel auditorium organized by Bank Bima

DHAKA: The Government of Bangladesh has sought the support of the Netherlands Government for setting up the proposed garments’ village in Munshiganj district bordering the capital Dhaka. The request was made by the State Minister for Foreign Affairs Shahriar Alam, when he met Gerben de

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, shed over four points to stand at 4,759 at the close on the last trading day of the week.Trade deals stood at 112833 with transaction at Tk

DHAKA: Dhaka Bank has introduced two new deposit services with insurance facilities under the titles of ‘Students Ledger’ and ‘Honorable Seniors’.Dhaka bank managing director Khondaker Fazle Rashid inaugurated the deposit services at the bank’s headquarters on Wednesday.Clients

DHAKA: Toyota Motor Corp on Wednesday issued a recall covering all 1.9 million of the third-generation Prius cars sold worldwide, due to a programming glitch in their hybrid system.About half of the recalls are in Japan and 713,000 in North America, a Toyota spokeswoman said. No accidents

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over zero point to stand at 4,763 at the close on the fourth trading day of the week.Trade deals stood at 112761 with transaction at Tk 4,724

DHAKA: The government has signed a loan agreement with Asian Development Bank (ADB) and German government of 310 million dollars and 10.5 million euros respectively for the development of electricity in the country.The deal was signed by Joint Secretary of Economic Relations Department

DHAKA: Foreign Direct Investment (FDI) in Bangladesh increased 1.36 percent during July-November 2013 period of 2013-14 fiscal year compared to the same period last fiscal.The Bangladesh Bank`s data showed on Monday.The central bank`s data showed that net FDI inflows were recorded at $673

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, shed over 34 points to stand at 4,763 at the close on the third trading day of the week.Trade deals stood at 108,630 with transaction at Tk

DHAKA: The government of Bangladesh Monday signed two financing agreements totaling $535 million with the International Development Association (IDA), the World Bank’s concessional arm.According to a press release, $410 million will be spending for the Municipal Governance and $125

DHAKA: Toyota is to end its vehicle and engine production in Australia by the end of 2017, affecting thousands of jobs.It also announced plans to close its Australian sales subsidiary and said it could scale down the operations of its development and technical centre there.Toyota said

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 24 points only to stand at 4,797 at the close on the second trading day of the week.Trade deals stood at 121,900 with volume of

DHAKA: The World Bank has unveiled a new program to reduce 2.5 percent system loss in the electricity sector. The newly elected government has taken the initiative to curb system loss in the power sector. In the fiscal year of 2012-13 and 2011-12, the rates of the loss were 16.82 percent

DHAKA: China’s finance ministry said on Saturday it will extend a programme of subsidies for buyers of electric-powered vehicles after the current subsidy regime, part of efforts to combat pollution in cities, expires in 2015.The existing subsidies will be phased out by 2015 as planned,

DHAKA: The European Central Bank left interest rates unchanged on Thursday, holding off fresh policy action to combat the threat of deflation while it waits for new staff forecasts next month.The decision to leave rates on hold was expected by most economists as the bank awaits updated

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 33 points to stand at 4,845 at the close on the last trading day of the week.Trade deals stood at 142,246 with transaction at Tk 7704

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 65 points to stand at 4876 at 11:15 am on the last trading day of the week.Trade deals stood at 24,452 with transaction at Tk

DHAKA: Human Rights Watch said the Bangladesh government should stop garment factory owners from intimidating and threatening workers for organizing trade unions, and prosecute those responsible for attacks on labor leaders. The international rights group came up with the urges in its

FROM MADANGANJ PORT (NARAYANGANJ): A high rank delegation of Bangladesh University of Engineering and Technology (BUET) Wednesday praised the technology used to produce Bashundhara Cement.The delegation from Civil Engeneering Department of BUET expressed their content after visiting

DHAKA: US banking giant Morgan Stanley has agreed to pay $1.25bn (£765.5m) to settle a lawsuit over the sale of mortgage-backed securities. The money will be paid to the US regulator that oversees Fannie Mae and Freddie Mac mortgage guarantee firms. US taxpayers had to rescue the two