DHAKA: Managing Director, also CEO, Kevin Steele on Sunday categorically said Biman Bangladesh Airlines would not be viable and profitable in 2013-2014 as per the national flag carrier will see a loss around Tk 80 crore. The chief executive officer of Biman came up with the observation

DHAKA: PRAN, the largest food processing company in Bangladesh, started guava pulping this year, said a press release. Director of PRAN Eleash Mridha informed that PRAN would collect 2,000 tonnes guava in this season. PRAN collects guava from own contractual farmers and suppliers for

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Sunday.The Dhaka Stock Exchange (DSE) general index rose over 12 points to stand at 4,140 at the close on the last trading day of the week.Trade deals stood at 1,17,094 with transaction at Tk 5412

DHAKA: Bangladesh earned a total of US $10 crore from ICT and software development sector in 2012-2013FY.Bangladesh Association of Software and Information Services (BASIS) disclosed the information in a press conference at a city hotel on Saturday.According to the BASIS, for the first

DHAKA:  India`s economy grew at 4.4 per cent in the April-June quarter, the slowest quarterly rate since the global financial crisis. This was also the third consecutive quarter of below 5 per cent growth, building more pressure on the government to take immediate action to resuscitate

Wal-Mart Stores Inc told investors on Thursday that it could provide up to $50 million in low-interest loans or other types of payments to Bangladesh factory owners for building improvements.The money is part of the more than $100 million in loans and access to capital that a group of

DHAKA: The US economy grew at a 2.5 percent annual rate from April through June, much faster than previously estimated.The steep revision was largely because US companies exported more goods, and imports declined.The Commerce Department said second-quarter growth was sharply higher than

DHAKA: Bangladesh and Myanmar Thursday signed an agreement to resume direct Dhaka-Yangon flights which were closed down 6 years ago.Air Vice Marshal Mahmud Hossain, chairman of Civil Aviation Authority of Bangladesh (CAAB) and Win Swe Tun, deputy director of Myanmar Department of Civil

DHAKA: Investors witnessed minor fall in the benchmark indices of the country’s bourses on Thursday.The DSE general index shed over four points to stand at 4,127 at the close on the day trading.Trade deals stood at 117,534 with transaction at Tk 5,407 million. Of the issues traded, 76

DHAKA: Lutfar Rahman Badol, executive chairman of private sector IFIC Bank, recently has been elected chairman of Nepal-Bangladesh Bank. He had also performed as the chairman of the board of directors of IFIC bank. He is also known as a sports organizer particularly as an organizer of

DHAKA: The Fourteenth Annual General Meeting (AGM) of Export Import Bank of Bangladesh Limited held Tuesday at Basundhara Convention Centre in the capital. Chairman of the Board of Directors of Bank M Nazrul Islam Mazumder presided over the meeting. Financial statements including Balance

DHAKA: Fonterra has said it was working with the New Zealand Government to assure Bangladesh authorities that the small quantity of product it exports to their country is safe.Fonterra`s group director of communications, Kerry Underhill, said all Fonterra product is safe, including that

DHAKA: The Indian rupee ended at a record closing low of 68.80 against the US dollar on Wednesday. After the fall value of per Rupee stood at 1.15 against Bangladeshi Taka 1.The partially convertible rupee crashed around 3.9 per cent to hit a low of 68.85 as against Tuesday`s close of

DHAKA: Faced with footage of Bangladeshi girls as young as 12 working on jeans with "Old Navy" labels, Old Navy`s parent company, Gap Inc., says it believes one of its contractors may have improperly sold its product to a wholesaler without its knowledge.The disturbing footage of child

DHAKA: The benchmark BSE Sensex on Tuesday plunged 590 points to end below the 18,000 mark as the rupee fell past the 66-mark to a lifetime low and concerns were raised about the subsidy burden after passage of the food security bill.The currency closed at the 66.24 a dollar level,

BANGLADESH: Shrimp exporters eye better days ahead as the US, the second largest importer of Bangladeshi shrimps, has imposed additional duties on imports from five of Bangladesh’s competitors.“Our exports to the US will rise significantly, both in terms of volume and price, due to

DHAKA: Customs authorities in Bangladesh have restricted the import of more than 600 tonnes of powdered milk mainly from New Zealand-based Fonterra pending mandatory chemical tests, a senior official said on Tuesday.Fonterra, the world’s biggest dairy exporter, was caught up in a

DHAKA: A three-day exhibition on Bangladesh products, to be held at the Putra World Trade Centre (PWTC) on Thursday, will showcase a variety of products of interest to Malaysian consumers.The fair’s co-organiser and Chief Executive Officer of Elenga Hotels Datuk M Haider Uzzaman said

DHAKA: The country’s two bourses witnessed mixed trend in share-price indices on Tuesday.The key index of Dhaka Stock Exchange, DSEX, shed over one point to stand at 4,132 at the close on the third trading day of the week.Trade deals stood at 143,574 with transaction at Tk 6,902

The latest dollar-gold syndrome is hitting hard at least two major South Asian countries and their currencies, which are already suffering due to their poor external balances.India and Pakistan are the victims of the crisis, which means a huge South Asian population — more than one