CHITTAGONG: Commerce Secretary M Ghulam Hussain Tuesday directed the district administration to take legal action if anyone was found selling sugar over Tk 45 per kg on the wholesale market of Chittagong. Exchanging views with the business community of the port city in the afternoon, the

DHAKA: The Executive Committee of the National Economic Council (ECNEC) Tuesday approved nine development projects involving Tk 2580 crore.  Of the total amount, the government will finance Tk 2360 crore while the rest part will come from project aid, according to decision taken at the

CHITTAGONG: Environment Department Tuesday fined a scrap shipyard in Sitakunda upazila Tk 15 lakh on charge of cutting ships under risky environment and causing environmental pollution. Earlier, the Enforcement Division of the Environment Department, led by its Director Mohammad Munir

DHAKA: The Securities and Exchange Commission (SEC) fixed the margin-loan ratio against listed mutual funds with a 35 percent raise in terms of net asset value (NAV).The stock regulator took the decision in its market-review committee meeting Monday.From September 2, the mutual funds will

DHAKA : GMG Airlines, Bangladesh’s largest private carrier, will operate scheduled flights from Dhaka to Jeddah during the upcoming hajj period. GMG Airlines will operate six flights from Dhaka to Jeddah in every week. GMG Airlines will carry passengers with 264-seated ‘Boeing 767-300

DHAKA: Stock regulator directed merchant banks and brokerage houses to submit by Sunday detail reports on the margin loan they disbursed among shareholders. The Securities and Exchange Commission (SEC) took the decision Sunday at a meeting with two stock exchanges and merchant banks.The

DHAKA: Chevron Bangladesh and a local NGO signed an agreement for a livelihood program to support 1200 underprivileged men and women of Sylhet Sadar Upazila.  The Alternative Livelihood Program is a skill development and income-generating project for communities of Bibiyana and Moulavi

DHAKA: The government is set to form two separate full benches of the High Court for quick disposal of revenue-related cases, trying to get over a logjam.“Initiatives will be taken to form the HC benches after Eid holiday as the Chief Justice and the Attorney-General also gave their

DHAKA: The government has approved construction of Bangabandhu Sheikh Mujib International Airport project under a Public-Private Partnership (PPP), officials said. The Cabinet Committee for Economic Affairs Sunday approved the project in its meeting with Finance Minister AMA Muhith in the

CHITTAGONG: Environment Department Sunday fined Sultana ship breaking yard Tk 7 lakh on charge of cutting ships under risky environment and causing environmental pollution.Earlier, the Enforcement Division of the Environment Department, led by its Director Mohammad Munir Chowdhury,

DHAKA: Labor and Employment Minister Khandaker Mosharraf Hossain Sunday asked the factory owners to pay the salaries, overtime bills and bonus of the garment workers before Eid, as such arrears generate unrest in the industry.“The garment owners are given directive to clear all payments

Dhaka: Once people used to go to Dhaka’s Dholaikhal downmarket to reclaim their much-loved things stolen away. The Dholaikhal model has now been replicated by burglars and pilferers in many parts of the capital.      At least three such swag markets were explored in the city last

DHAKA: The government readies a package carrying five attractive facilities for private entrepreneurs who will invest in power and energy fields, as the country cries for the twin-stimulus to feed its growing economy. The facilities include duty-free import of furnace oil and power-plant

DHAKA: Bangladesh Bank Governor Dr Atiur Rahman Thursday said receiving manual cheque would be banned anytime soon to ensure transparency in monetary transactions."The banks are asked to take preparation," said the Governor about the digitizing move.       The decision came from a

DHAKA: The Securities and Exchange Commission (SEC) remained strict on the margin-loan issue, which pulled down the market Wednesday. The DSE general index shed 128.35 points for fixing calculation of companies’ net asset value (NAV) for merchant banks and brokerage houses. The

DHAKA: The Securities and Exchange Commission Wednesday approved initial public offerings (IPOs) of two companies for trading their shares under book-building method.The stock-market regulator in a meeting Wednesday gave the approval to Modern Poly Industries and Alliance Holdings Ltd to

CHITTAGONG: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has taken special preventive measures so that any untoward situation cannot be created in the garment sector ahead of Eid.The apex body of the business community in the country’s export sector identified 25

DHAKA: Business community of Bangladesh must be aggressive to maximize trade benefit with India, experts said Monday. They said problems related to Teesta water sharing treaty, Tipaimukh dam, maritime and land boundary disputes and non-tariff barrier in trade must be solved before the

DHAKA:  Bangladesh Bank issued a circular Sunday asking all non-banking financial institutions to withdraw from the capital market their investments exceeding 25 percent of their paid-up capital and reserves by December. Article 16 of the Financial Institutions Act 1993 prohibits

DHAKA: The government will subsidise the fuel oil used for large generator or captive power in industries. At the same time, the government is also considering a plan to buy captive power at an agreed rate. An inter-ministerial meeting held at the Energy, Power and Mineral Resources