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

Biman Bangladesh Airlines, the country’s flag carrier, is set to become profitable by 2015, after breaking even in the current fiscal year ending June 2014, a top official said.The airline is also planning an initial public offering (IPO) in three years, after becoming profitable, when

DHAKA: Prices of mobile phones, laptops, TV sets and printers are set for a second hike in as many months as the rupee has upped costs for companies just ahead of the crucial festive season.Companies said the pressure from a depreciating rupee refuses to ease and uncertainty persists over

DHAKA: Bangladesh plans to import 200,000 tons of cotton a year from Uzbekistan in a new deal to be finalized soon.Negotiations are underway to set its terms in a Memorandum of Understanding between the two governments, the Financial Express quotes Bangladesh Garment Manufacturers and

BRAHMANBARIA: Urea fertilizer manufacturing at Ashuganj Zia Fertilizer Factory halted for mechanical breakdown early Thursday, for a fifth time in less than three months.Factory sources said leakage in the boiler forced the suspension of production. The factory’s daily output is 1400

DHAKA: The Department for International Development (DFID) of the United Kingdom will assist Bangladesh in making protection embankments and cyclone centers in coastal areas of Bangladesh.State Minister for DFID R.T Hone Allan Dancan gave the assurance Tuesday when Food and Disaster

DHAKA: The government has taken initiative to motivate private- sector entrepreneurs with cut-down costs for generating power as the country is suffering a lot for chronic electricity crisis.  So, Bangladesh Energy Regulatory Commission (BERC) decided to cut license, renewal and

DHAKA: United Airways, a non-government airliner of the country and the sole aviation company in the capital market is going to add four more aircrafts in its service soon. Purchase process for one Airbus A-310/325 and three ATR aircrafts is already underway, an insider source

DHAKA: The sales team of Holcim Bangladesh celebrated its 10-year journey in Bangladesh through a colorful gathering recently. “Holcim Bangladesh started its journey by acquiring Hyundai in 2000 and since then has been operating in the country as one of the leading brand of the

DHAKA: Expatriates Welfare and Overseas Employment Minister Khandaker Mosharraf Hossain Wednesday said the Malaysian government showed interest in taking 6,000 more workers from Bangladesh, bending a virtual ban.       “They would also take labourers from Sudan, Jordan, Congo. So,

DHAKA: Eastern Bank Ltd for the first time in the country is going to introduce corporate visa card for the officials and employees of corporate houses for serving the clients.Officials of any corporate company will be able to meet their all expenses during business tours, reception and

ASHUGANJ: Country’s two big fertilizer manufacturers--Jamuna and Ashuganj Zia factories--resumed operation Tuesday, well ahead of the biggest farming season. Jamuna Fertilizer Factory at Tarakandi in Jamalpur district began production of urea fertilizer Tuesday after four months’

DHAKA: The state-owned Janata Bank Limited is going to get enlisted with the capital market under the book-building method for avoiding unwarranted dispute over premium fixing. Sources in the Securities and Exchange Commission (SEC) confirmed the matter to banglanews Monday. The SEC

DHAKA: Country’s economists Monday suggested the government properly utilize a glut of foreign exchange sent by expatriate Bangladeshis in remittances instead of depending on drip-feed of foreign aid. They gave the opinion at a discussion titled ‘Joint cooperation strategy:

DHAKA: United Commercial Bank Ltd (UCB) held its Extra-Ordinary General Meeting and the 25th, 26th and 27th Annual General Meetings (AGMs) for the years 2008, 09 and 2010 at a city hotel on Sunday.UCB Chairman MA Hashem presided over the meeting, said a press release.In the AGM, the Board