DHAKA: Bangladesh Bank (BB) cut country’s economic growth forecast by more than one percent point to around 6.0 percent for the current fiscal year.The forecast came on Monday from central bank Governor Atiur Rahman. He opined that this cut is an aftermath of country’s political

DHAKA: Tata Motors stock fell by more than 6% on Monday as Thai police said they were investigating the possible suicide of the firm’s managing director Karl Slym.On Sunday Slym fell to his death from the 22nd floor of a hotel in Bangkok, where he was attending a board meeting of the

DHAKA: Bangladesh Bank (BB) on Monday announced the monetary policy statement for the second half (January-June) of 2014 fiscal year. Governor of the central bank Dr Atiur Rahman made the announcement of the monetary policy in a press conference in the afternoon.He said, “The image

DHAKA: After a suspension of over seven years, Biman Bangladesh Airlines is set to resume its Dhaka-New York flight in June next.The national flag carrier decided to resume a number of new destinations including the Dhaka-New York route.Biman Managing Director and Chief Executive Officer

DHAKA: British bank HSBC has issued an apology to customers who were not allowed to withdraw large amounts of cash from branches in Britain.Customers had told a British radio station, BBC Radio 4, that they were prevented from taking money out of their accounts because they could not

DHAKA: Germany is committed to help in Bangladesh’s readymade garment sector as like previous years.German Ambassador to Dhaka Dr Albrecht Conze made the assurance while addressing a handover ceremony on Sunday at the CIRDAP auditorium where the German International Development Agency,

KISHOREGANJ: Miscreants looted over Tk 10 crore from the main branch of Sonali Bank in the district on Sunday.The authorities of the bank noticed on the incident around 2.30pm but it could not be known when the incident took place. Manager of the Branch Humayun Kabir Bhuiyan confirmed

DHAKA: Commerce Minister Tofail Ahmed on Sunday expressed hope that it would be possible to return the US suspended Generalized System of Preferences (GSP) within April.The commerce minister, also ruling Awami League lawmaker, made the assertion at a meeting with delegates of Dhaka

DHAKA: Country’s garments industry will be damaged if the building codes, instructed by the Alliance for Bangladesh Worker Safety and Accord on Fire and Building Safety in Bangladesh, are followed.Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Md Atiqul

DHAKA: Ministry of Communication has signed an agreement with consultancy firms for the project of the third Shitalakshya bridge construction.The contract was signed at the ministry Sunday.Chief engineer of Bridge Division Aminur Rahman Lashkar and Consultancy firm’s ASM Matin signed

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, rose over 55 points to stand at 4,758 at the close on the first trading day of the week.The volume of transactions stood Tk 167,553 million

DHAKA: Walmart will lay off about 2,300 workers at its Sam’s Club warehouse unit, The Wall Street Journal said on Friday, the latest in a string of job losses at US retailers.Half of the cuts will affect middle-management workers, the newspaper said, calling it ‘the club chain’s

DHAKA: After the fire at Tazreen Fashion, ill fate did not leave the readymade garment workers. Around 20 percent workers are likely to be lost their jobs this year too.According to Bangladesh Garment Manufactures & Exporters Association (BGMEA), the production of around 400 small and

DHAKA: Bangladesh intends to buy cotton from Kyrgyzstan, Mosud Mannan, Extraordinary and Plenipotentiary Ambassador of Bangladesh to Kyrgyzstan with residence in Tashkent, said while presenting his credentials to the President of the Kyrgyz Republic Almazbek Atambayev. “Kyrgyzstan is a

DHAKA: Samsung Electronics, the world`s biggest maker of mobile phones and TVs, has reported a drop in quarterly profit for the first time in two years.Net profit was 7.3tn won ($6.8bn; £4bn) in the October-to-December period, down 11% from the previous three months, reports

DHAKA: Some 43 years ago, the legendary workhorse logged its maiden voyage for passengers on 05 August, 1971, the year of Bangladesh Liberation, on an American Airlines round trip between Los Angeles and Chicago. Now the final-flight honour goes to Biman Bangladesh Airlines, operator of

DHAKA: Bangladesh Bank (BB) Thursday has directed all scheduled banks of 102 upazilas of 40 districts to keep open on Saturday after receiving request by the election commission.    In this regard, the central bank issued a notification from its off-site supervision department.  

DHAKA: Expatriates, henceforth, can send upto $5000 instead of previous upper limit $2000, without any declaration on C-Form (Remittance Application Form).In an order on Thursday, the Foreign Exchange Policy Department of the Bangladesh Bank (BB) said that the expatriates, henceforth, can

DHAKA: The Anti Corruption Commission on Thursday has approved charge sheets against eight officials of Biman Bangladesh Airlines.They are accused with the embezzling of Taka 1.5crore by placing fake bills.The accused include Harun-or-Rashid, Golam Mustafa, Mohammad Jinnah, Abdul Malek,

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 62 points to stand at 4,702 at the close on the last trading day of the week.Trade deals stood at 166,067 with transaction at Tk 8,336