DHAKA: The Anti-Corruption Commission (ACC) on Sunday filed cases against 53 people for embezzling Tk 1200 crore on much-talked-about Bismillah Group loan scam.A five-member special team led by ACC deputy director Syed Iqbal filed the 12 cases with Ramna Model Thana in the city around

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, rose over 25 points to stand at 3,993 at the close on the first trading day of the week.Trade deals stood at 86,822with transaction at Tk 3,152

DHAKA: China president Xi Jinping is confident that China will have healthy economic growth and will not fall into a middle-income trap.He told a group of Chinese and foreign business leaders on Saturday, reports The Straits Times.‘We are currently changing our way of development,

DHAKA: A delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will meet Prime Minister Sheikh Hasina on November 7.President of FBCCI Kazi Akram Uddin Ahmed made the disclosure while addressing a programme in city’s Banani Kachabazar on Saturday.He said,

DHAKA: The customs authority seized 16 gold bars weighing 1.8 kilogram from soap case carrying by a passenger of an Emirates Airways fight at Hazrat Shahjalal International Airport on Saturday morning.Airport Customs Assistant Commissioner Nazma Jabin told banglanews, ”On suspicion,

DHAKA: A new World Bank Group report says that Bangladesh has made notable progress in reforms that make it easier to start and run a business in the country.The report, Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises, released on October 30, analyzes

DHAKA: Bangladesh Power Development Board (PDB) has signed an agreement with Lakthanavi Power Ltd, a Sri Lankan firm, to set up a 52 MW dual-fuel power plant in Jangalia under Comilla district within next 15 months.According to the agreement, the Sri Lankan firm will set up the power

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 21 points to stand at 3,967 at the close on the last trading day of the week.The volume of transactions stood Tk 3,518 million with

DHAKA: Mobile phone operator Robi Axiata Limited has officially announced the launch of 3.5G services for its customers at select areas of Dhaka, Chittagong and Sylhet.The 3.5G network has been expanded since network launch to cover a wider selection of areas in Dhaka, Chittagong, and

DHAKA: Emirates SkyCargo has added a new Boeing 777 Freighter aircraft to its fleet, expanding its capabilities and capacity to meet current needs and long-term growth.The latest delivery brings Emirates SkyCargo’s B777F fleet to 10, and comes ahead of the move of its freighter

DHAKA: Telecommunications service provider Bharti Airtel Wednesday announced that Mahindra Comviva would manage its value added services (VAS) solutions under a strategic partnership model for its Bangladesh operations.As part of this three-year deal, Mahindra Comviva will manage Bharti

DHAKA: Commercial exploration and supply of gas from well-20 of Titas Gas began on Wednesday.Primarily, the gas field started supplying 10 million cubic feet per day (MMCFD) of natural gas to the national grid.Petrobangla Chairman Hossain Mansur confirmed the matter to banglanews.He also

Dhaka: Prime Bank, private commercial bank of the country achieved Best Bank Award-2013. Managing Director & CEO of Prime Bank Limited Ehsan Khasru received the award on behalf of the Bank from the Publisher and President of Global Finance Joseph Giarraputo at a ceremony held in

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Wednesday.The Dhaka Stock Exchange (DSE) general index shed over 43 points only to stand at 3,946 at the close on the forth trading day of the week.Trade deals stood at 1,09,799 with volume of

DHAKA: The Bangladesh Securities and Exchange Commission (BSEC) has given approval to Hwa Well Textiles to raise Tk 200 milion through an Initial public offering (IPO). Through the IPO, to be managed by Alfa Capital Management and Citizen Securities and Investment, the textiles company

DHAKA: A group of 25 human rights, women’s and international development organizations is asking six of Canada’s leading garment retailers to join an international plan to improve safety conditions at clothing factories in Bangladesh.The group has asked Canadian Tire, Giant Tiger,

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 18 points only to stand at 4,280 at the close on the first trading day of the week.Trade deals stood at 118,362 with volume of

MYANMAR: Myanmar would be a new business hub with an export prospect of several products like medicine, readymade garments, food, cement, brick, and rod.Bangladesh Ambassador in Myanmar Major General (retd) Anup Kumar Chakma came up with the hope while he was addressing an inauguration

DHAKA: Bangladeshi authorities need to make further improvements in factory safety and labor rights, an influential Democratic senator said Friday.A report released Friday by Sen. Robert Menendez of New Jersey, chairman of Senate Committee on Foreign Relations, said Bangladesh has yet to

DHAKA: Wal-Mart said about 10 of more than six-dozen Bangladesh garment factories failed safety checks in audits it commissioned.The retailer hired Bureau Veritas to check 200 factories it uses in Bangladesh after the April collapse of the Rana Plaza building killed more than 1100 people