DHAKA: The final legal battle between India and Bangladesh over 4,000 square kilometres of the Bay of Bengal, holding out huge potential for fishing, shipping and underwater resources, will begin from Saturday at The Hague-based Permanent Court of Arbitration.India`s strategy has been

DHAKA: Japanese prime minister Shinzo Abe’s cabinet approved a $182 billion package on Thursday to pull the economy out of deflation, but doubts remain about the impact.The package has a headline value of 18.6 trillion yen or $182 billion, which is an exaggerated figure as the bulk of

DHAKA: The government on Thursday published the gazette notification of new structure of minimum wage for readymade garment workers by fixing Tk 5,300 minimum wage.Labour and Employment Ministry published the gazette notification on Thursday.According to the new wage, a trainee worker

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, shed over 16 points only to stand at 4,277 at the close on the first trading day of the week.Trade deals stood at 111,735 with volume of

DHAKA: All scheduled banks will remain open on Friday. The Bangladesh Bank took the decision following the nonstop blockade called by opposition BNP-led 18-party alliance.The central bank assistant spokesperson AFM Asaduzzaman confirmed the matter to banglanews.BDST: 1510 HRS, DEC 05, 2013

DHAKA: Trading on the country’s two bourses is underway showing antipathy in share-price indices on Thursday.The Dhaka Stock Exchange (DSE) general index shed over four points minus to stand at 4,289 at 11:05 am.Trade deals stood at 17298with transaction at Tk 656 million.     Of

DHAKA: The US trade deficit narrowed in October as exports hit a record high, pointing to a pick-up in global demand that should help to support domestic growth in the fourth quarter.The Commerce Department said on Wednesday the trade gap fell 5.4 per cent to US$40.6 billion.September’s

DHAKA: The Anti-Corruption Commission (ACC) on Wednesday has quizzed seven top officials of Bangladesh Bank over Hall-Mark loan scam. An ACC investigation team led-by ACC Senior Deputy Director Mir Joynul Abedin Shibli quizzed them at Anti-Corruption Commission Headquarters in the

DHAKA: Investors witnessed minor fall in the benchmark indices of the country’s bourses on Wednesday.The DSE board index shed over 16 points to stand at 4,294 at the close on the fourth trading day of the week.Trade deals stood at 116,975 with transaction at Tk 4,637 million.     Of

DHAKA: The Gulf Monetary Council has dismissed media reports that it had set a date for the launch of a single currency for Arab Gulf countries.‘The Monetary Council affirms that the reports by some newspapers and websites over the date of the issuing of the single Gulf currency are

DHAKA: A total of 1,667 smartphones worth around Taka seven crore have been in cargo area at Hazarat Shahjalal International Airport.Dhaka Customs House Assistant Commissioner Kamrul Hasan on Tuesday told banglanews that they seized the haulage on Sunday.He said some 99 i-phone 5, 77

DHAKA: From the slums of Bangladesh to the fashion houses of the world, luxury leather goods from Dhaka generate sales of more than $1bn a year.There are more than 200 tanneries in Hazaribagh, Dhaka, employing more than 30,000 workers.Every day, the tanneries discharge 21,000 cubic metres

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over 112 points to stand at 4,310 at the close on the third trading day of the week.Trade deals stood at 120782with transaction at Tk 5415

DHAKA: The 216th Board Meeting of Standard Bank Ltd was held recently in the Board Room of Head Office of the bank. Kazi Akram Uddin Ahmed, Chairman of the Board of Directors of the Bank presided over the meeting. It was attended by Vice Chairman of the bank Ashok Kumar Saha & Directors

DHAKA: Bangladesh Garment Manufacturers & Exporters Association (BGMEA) will give memorandum to Prime Minister Sheikh Hasina and opposition leader Khaleda Zia stopping political violence.The apex body of garments traders is set to place the memorandum to the two top leaders on Monday

DHAKA: Four Gulf Cooperation Council (GCC) countries will announce the introduction of a common currency by the end of December.A Bahraini daily reported on Sunday, reports gulfnews.com.The common currency to be announced by Bahrain, Kuwait, Qatar and Saudi Arabia will be pegged to the

DHAKA: German telecoms giant Deutsche Telekom is planning to axe 4,000-6,000 jobs in a radical shake-up of its IT services subsidiary, T-Systems.The business daily Handelsblatt reported on Monday, says The Straits Times.Quoting company sources, the newspaper said that the unit’s

DHAKA: David Cameron has promised to create a ‘partnership for growth and reform’ as he visits China on a trade mission with more than 100 UK business leaders.The prime minister also pledged to put his ‘full political weight’ behind a proposed agreement to free up trading between

DHAKA: The Bangladesh mobile user base rose to 111.79 million in October from 108.68 million in September. Grameenphone brought its customer base to 46.66 million from 46.04 million a month earlier and Banglalink ended November with 28.39 million customers, up from 28.10 million, figures

DHAKA: Top business leaders issued a seven-day ultimatum to arrest culprits for their involvement in setting fire to four garments factories of Standard Group.President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Kazi Akram Uddin Ahmed told reporters at a