DHAKA: Over 60 percent of the loans disbursed by the banks in the country have been taken by multimillionaires. The number of borrowers from banks who took over one-crore taka is six thousand higher than the number of listed millionaires.  Those who took over one-crore-taka loan from the

CHITTAGONG: Green Channel for facilitating speedy delivery of import consignments of hundred-percent export-oriented readymade garment factories still remains in the grey zone as a far-fetched dream. "Though the National Board of Revenue (NBR) announced the facility and an office order

DHAKA: The Securities and Exchange Commission directed the surveillance departments of country’s two stock exchanges to monitor the activities of the country’s 30 top broker houses at least once a year. This decision was made in a meeting of SEC market-surveillance committee recently

DHAKA: Despite the first week of holy month of Ramadan is about to end, the Trading Corporation of Bangladesh (TCB) has yet to supply essential commodities to its dealers. A TCB source said Corporation’s 650 registered dealers of total 1900 have received essential commodities till

DHAKA: The price of one-day old chicks of broiler variety, one of the main sources of protein for country’s people, has shot up defying government fixed rate.Spot visit to different markets, banglanews24.com.bd correspondent found that the price of chicks was doubled on the price fixed

DINAJPUR: Barapukuria coalmine resumed operation Sunday after a three-month-long halt following an accident in its gorge that left one man killed and over a dozen injured.Managing Director of Barapukuria Coal Mine Company Ltd (BCMCL) Md Quamruzzaman told Banglanews24.com.bd that coal

DHAKA: The Securities and Exchange Commission, the stock-market watchdog, has been working since 1993 without any separate public relations department to disseminate information on its regulatory work. As a result, common investors are being deprived of important information

CHITTAGONG: Port city’s business community went for fair-price sale of essentials on their own, to give some relief to the citizens from market upturns in the month of Ramadan.     Chittagong Metropolitan Chamber of Commerce and Industry sponsored the rationing from six points in

DHAKA: The number of millionaires is on the rise in the country at a higher pace every year, in an inequitable way though as political clout perceivably played a role.By official count, the number has risen 492 times in last three and a half decades since 1975—the turning-point in

ASHUGANJ: Akhaura Land Customs Station on the Bangladesh-India border started operation in a full blast aiming to help boost country’s trade with the seven landlocked eastern states of India.Shipping Minister Shahjahan Khan on Friday morning formally inaugurated the new land port--at a

BENAPOLE: Foreign Minister Dr Dipu Moni said the agreed one-billion-dollar credit from India would help bring a significant change in the communications sector of Bangladesh and redefine country’s relations with its neighbours.“It is part of government effort to extend communications,

DHAKA: The cabinet committee on purchase approved a proposal for procuring wheat and rice through international tender and granular urea fertilizer from KAFCO in Chittagong.     Also, the cabinet body approved appointment of construction firm for capital dredging under Gorai River

DHAKA: Country’s audio-video businessmen Thursday urged the government to apply the TRIPS accord that allows them to run their filming business till 2013 legally bypassing the International Copyright Act.“We want the government to let us run our business with foreign films sans

CHITTAGONG: An apparel-industry worker met his tragic end as the glass-gate of his factory shattered onto his neck in Chittagong Export Processing Zone (CEPZ) on Thursday morning.  The management of Tareq-Azim Textile Mills closed the factory announcing a vacation as the rest of the

DHAKA: Food and Disaster Management Ministry has decided to purchase 50,000 metric tonnes of wheat and 30,000 MT boiled rice through international tender. A letter signed by Food and Disaster Management Secretary Barun Dev was sent to the cabinet division Wednesday for approval from the

DHAKA: Police arrested two persons from the city’ Mirpur area along with fake note, computer, printer and fake papers and seals of Bangladesh Road Transport Authority (BRTA) in separate drives.The arrested are Ibrahim and Nazrul Islam alias Joy. Mirpur thana police said this producing

DHAKA: Commerce Minister Lt Col (retd) Faruk Khan Wednesday warned those who would be found involved in raising prices of essential commodities during Ramadan through black-marketing and hoarding would be arrested.“The fake dealers who are selling TCB-imported goods on the open market

SAVAR: President of VF Corporation, a US buyer organization, Angela Langrige Wednesday underscored maintaining good industrial relations between owners and workers to save the readymade garment sector of Bangladesh. “We have to consider the interest of the workers. As a buyer

DHAKA: Dhaka Stock Market (DSE) on Tuesday witnessed five major records in terms of market capital, trading, exchange and rise of DSE and general indexes. The market capital reached at Tk 2,96,010 crore with a rise of Tk 2,419 crore than the previous day, which was the highest market

DHAKA: The Securities and Exchange Commission (SEC) directed country’s two stock exchanges to submit their reports on market monitoring by Wednesday, as the watchdog goes tough so the stock traders play by the book. SEC market-surveillance committee on Tuesday evening issued a letter to