The International Monetary Fund said on Thursday it sold 10 tonnes of gold to the central bank of Bangladesh this week, its first sale after a 10-month hiatus, as a volatile U.S. currency draws holders to bullion.An uncertain outlook for two of the world`s major reserve currencies -- the

DHAKA: China will give Tk 5600.77 crore in hefty loan for setting up a fertilizer factory and developing the telecommunications sector of Bangladesh, said a source in the ministry of finance.Of the proposed loan, Tk 4200 crore would be spent on the setting up of the fertilizer factory

DHAKA: The government is going to bring the country’s capital market along with non-banking financial institutions under the money-laundering act soon in a bid to prevent such kind of financial crimes.“An action plan to this effect has been taken to amend all kinds of laws related to

DHAKA: A proposal from the Trading Corporation of Bangladesh waits for vetting by the Commerce Ministry for fair-price sale of goods under their own management round the year to keep prices of daily necessaries within the buying capacity of the people.A source in the TCB said that the

DHAKA: Commerce Ministry Tuesday declared that the country earned $ 181.78 crore from the export sector last July, marking a robust growth at the outset of the new fiscal year.The export earning is 26.49 percent higher compared to the turnover during the same period of last fiscal year,

DHAKA: The sluggish privatization programme is going to gain pace again as the new industrial policy removes the roadblocks to transfer of the losing or laid-off enterprises to private owners. A meeting held at the Prime Minister’s Office on April 22 with PM’s Principal Secretary MA

DHAKA: Dhaka Stock Exchange has warned nine listed companies of hefty fines and unspecified action after the firms failed to pay annual listing fees for years, officials said Tuesday.The nine companies owe the country’s premier bourse 1.48 million taka in unpaid fees and accumulated

CHITTAGONG: The 3rd Karnaphuli Bridge in the port city was built mostly with the rods of Bangladesh Steel Re-rolling Mills (BSRM), a leading steelmaker of the country.Prime Minister Sheikh Hasina is expected to inaugurate the bridge at 11am Wednesday.A total of 2700 metric tonnes of iron

DHAKA: Eminent economist Dr Quazi Kholiquzzaman Ahmad Monday opined that the common people of the country are not the beneficiaries of the economic growth though the economy is advancing rapidly.       "A few people of the country are enjoying all the gains," he said, underlining

DHAKA: The Securities and Exchange Commission ordered all the listed companies on the stock market to adjust their margin loans based on market value and Net Asset Value (NAV) by September 30.The decision came from a meeting of SEC’s market-review committee with Dhaka and Chittagong

DHAKA: Finance Minister Abul Mal Abdul Muhith paid first as the country’s complicated old system of income-tax payment went online Sunday, in a major step forward in digitizing Bangladesh.     The National Board of Revenue began collecting income-tax returns online. To begin with,

CHITTAGONG: Western Marine Shipyard (WMS), one of the leading shipbuilding companies in the country, is going to be the trailblazer in making international-standard dredger ship at home.A joint-venture company named ‘IHC-Western Shipyard’ was established for this engineering marvel

DHAKA: Dhaka Stock Exchange (DSE) saw a fall in transactions by Tk 324 crore on average this past week amid a jittery reaction to market regulator’s directive over margin-loan ratio.A total of Tk 5,681.97 crore worth of shares were traded on DSE from August 29 to September 2, with

DHAKA: Rubaba Dowla has joined Warid Telecom as Chief Customer Service Officer, with her vast experience in the field of mobile-phone marketing. After joining the UAE-based company Thursday, she told reporters that she took much pleasure in taking up a job again in a mobile-phone

DHAKA: Civil Aviation and Tourism Ministry Thursday warned the Chairman of Biman Bangladesh Airlines Limited Air Marshal (retd) Jamal Uddin Ahmed for a second time within 15 days, as the tug-of-war in national flag carrier continued.The ministry issued a letter signed by Joint-Secretary

SIRAGAMNJ: The dairy farmers’ cooperatives of Baghabari called off their indefinite strike on positive assurances of fulfilling their demands that include removal of the general manager of Milk Vita.They withdrew the strike as Deputy Commissioner Md Aminul Islam conveyed a message from

ASHUGANJ: Ashuganj Fertilizer and Chemical Company Limited (AFCCL) on Thursday morning resumed production of urea after five days’ suspension.Factory sources said mechanical breakdown in the cooling tower on Saturday night forced the suspension of production of 1500 metric tonnes of

DHAKA: State Minister for LGRD Jahangir Kabir Nanok backed up the cause of strikers as Milk Vita cooperators Thursday stopped supply of milk to the government-run marketing company to realize their three demands.     The dairy farmers’ cooperatives of Sirajganj and Pabna stopped

DHAKA: Prime Bank Limited, Islamic Banking Branch, Mirpur, organized a seminar on `Importance of Ramadan: Work Culture` in the city Wednesday.Professor Maulana Mohammad Salauddin, Chairman of Prime Bank Shariah Council and Khatib of National Mosque Bitul Mokarram and Dr M Shamsher Ali,

DHAKA: Leading sugar manufacturer and importer S Alam Sugar Mill company begins auctioning out 200 tons of sugar per day at Tk 42 per kilo Thursday, supplementing government effort to keep the market stable. At the mill gate, the price will be one-taka less than the government-fixed rate.