DHAKA: Grameenphone (GP), one of the leading mobile phone operators of the country, Saturday reported a 9.4 percent increase in revenues for the third quarter of 2013 against that in the same period a year ago.The company, which is listed on the Dhaka Stock Exchange, said in a press

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Sunday amid hartal.The key index of Dhaka Stock Exchange, DSEX, rose over 109 points to stand at 3,909 at the close on the first trading day of the week.The volume of transactions stood Tk 2,499

DHAKA: Nepal is to sign Dual Tax Avoidance Agreements (DTAA) with Bangladesh and Malaysia with an objective of freeing investors from the compulsion of paying taxes twice and thereby attracting foreign investment.Chief of Revenue Division of the Finance Ministry, Rajan Khanal said that

DHAKA: Loblaw announced on Thursday that it will provide long-term compensation to victims and their families in the Rana Plaza garment factory collapse in Savar, at the outskirt of Dhaka that killed more than 1,100 workers six months ago.The company will also pay three months` wages to

DHAKA: The sunny picture of the Bangladesh readymade garments sector has changed and the industry is now at crossroads—the time to act is now and cost of inaction could be high, the World Bank has said in its ‘Bangladesh Development Update-October 2013’. “The deadly incidents of

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Thursday.The Dhaka Stock Exchange Broad Index (DSEX) shed over 40 points to stand at 3,843 at 11:00am.Trade deals stood at 10,660 with volume of transactions at Tk 330 million.Of the

DHAKA: Country’s stock markets marked fall in its price indices on Thursday.The key index of Dhaka Stock Exchange, DSEX, shed over 84 points only to stand at 3,799 at the close of day’s trading.Trade deals stood at 67,256 with volume of transactions at Tk 2,303 million.Of the issues

DHAKA: Asian stock markets mostly fell on Wednesday, hit by slower United States hiring and reports of tighter money market conditions in China that could check its economic recovery.Weaker-than-expected US job creation in September was a mixed cue for Asian markets.On the plus side, it

DHAKA: International Finance Corporation (IFC) expressed its keen interest to invest in Bangladesh with a view to developing power sector of the country.The international finance organization will finance $1 billion in this regard. Tawfiq-e-Elahi Chowdhury, energy advisor to Prime

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 69 points to stand at 3,883 at the close on the forth trading day of the week.The volume of transactions stood Tk 2,964 million

DHAKA: The US jobless rate fell to 7.2 percent in September.The Labor Department reported on Tuesday, reports The Straits Times.The economy generated a less-than-expected 148,000 jobs during the month, they said after the three-week delay to the report due to the shutdown.BDST: 1928 HRS,

DHAKA: Foreign exchange reserves of Bangladesh reached 17.00 billion US dollars breaking all the previous record.Assistant spokesperson for Bangladesh Bank AFM Assaduzzaman made the disclosure on Tuesday.In May this year, the foreign exchange reserves of Bangladesh were 15.06 billion US

DHAKA: Hyundai Motor Co said on Tuesday it would expand a US recall of about 27,500 Genesis sedans to South Korea and other markets to address a potential brake issue as it prepares to unveil a new version of the large sedan as early as next month.Hyundai said it is recalling the cars,

DHAKA: The International Labour Organization (ILO) and the Government of Bangladesh are set to launch a new programme to improve working conditions in the ready-made garment (RMG) sector in Bangladesh, on Tuesday in Dhaka.The three-and-a-half year initiative will focus on improving RMG

DHAKA: Grameen Phone Employees Union (GPEU) won the UNI Global Union ‘Freedom from Fear Award’ for 2013.In a letter, UNI General Secretary Philip J. Jennings, said, “This Award is in recognition of the fact that, following GP’s unilateral announcement of 250 job cuts in May 2012,

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 50 points to stand at 3,814 at the close on the third trading day of the week.Trade deals stood at 64,333 with transaction at Tk 1,888

DHAKA: The government has finally given approval the draft of ‘national occupational health and safety policy act 2013’ with a view to ensuring compliances in factories.   The approval came from the regular cabinet meeting held at secretariat with Prime Minister Sheikh Hasina in the

DHAKA: A Joint Venture Agreement was signed between The Glove Technology SA of Malaysia and Bangladesh based IPSSL Group of Companies (IPSSL) at the Mandarin Oriental Hotel, at Kuala Lumpur, Malaysia. The agreement was formally signed by Tun Haji Abdullah Bin Ahmad Badawi, the Former

DHAKA: bKash CEO, Kamal Quadir, spoke at the GSMA Mobile Money Summit in New York City on October 16.He talked about success of bank-led Mobile Financial Service (MFS) and its positive impact in achieving financial inclusivity for the poor and unbanked in Bangladesh. bKash, a leading

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, shed over 71 points only to stand at 3,771 at the close on the first trading day of the week.Trade deals stood at 41,696 with volume of