India’s move to plug cattle smuggling will not have much impact on Chittagong market during the Eid-ul-Azha, when the demand for sacrificial animals runs high, local cattle traders and government officials say. They maintain that the local demand for animals…
Inspector General of Police (IGP) AKM Shahidul Hoque on Monday asked all the police units to ensure foolproof security so that no unpleasant incidents occur centering on Eid-ul-Azha. He also directed members of law-enforcing agencies not to stop any vehicle…
The Rapid Action Battalion (Rab) arrested a former assistant officer of NCC bank from Kamalapur area on early Thursday on charge of misappropriating money of Tk 8.98 crore through data transfer from the bank. The arrestee was identified as Md…
The government has decided to introduce ‘fare automation system’ magnetic card or ‘rapid pass card (prepaid card)’ from October 1 for the first time at Paturia, Daulatdia and Kazirhat ferry terminals. Those vehicles cross the river using the ferries regularly…
Home-bound passengers wanting to travel to the southern part of the country on the occasion of upcoming Eid-ul-Azha have to collect launch tickets from launch counters beginning on September 15. The decision was taken at a meeting held at the…
A Special Tribunal on Monday imprisoned two top officials of Chick Textiles for their share market scam of 1996. Judge Humayun Kabir of the Special Tribunal sentenced Chick Textiles Managing Director Md Maksud Rasul and its director Iftekar Mohammad to…
Faisal Ahmed has been appointed as Senior Economic Advisor to the Governor to support Bangladesh Bank’s financial sector development and reform agenda. Prior to his appointment, he served as the IMF Resident Representative in Cambodia during 2011 – 2015 and…
The 107th Social Business Design Lab organized by Yunus Centre took place today on 29th August 2015 at the Grameen Bank Auditorium. Around 150 participants and observers, from national and international organisations with diverse background attended the programme, including a…
Mentioning that export growth has reduced by 11.96 percent in the first two months of the current fiscal year, the Exporters Association of Bangladesh (EAB) on Saturday observed that the recent increase in gas and electricity prices will again put…
By Prof Michel Chossudovsky he dramatic collapse of the Shanghai stock exchange has been presented to public opinion as the result of a spontaneous ‘market mechanism’, triggered by weaknesses in China’s economy. The Western media consensus in chorus (WSJ, Bloomberg,…
Toyota says it will gradually restart work at its Tianjin plants two weeks after deadly chemical explosions in the Chinese port city.
A meeting of the Board of Directors of Islami Bank Bangladesh Limited (IBBL) was held on Friday at the Board Room of Islami Bank Tower. Engineer Mustafa Anwar, Chairman of the bank, presided over the meeting, said a press release.…
China has offered to establish a Dhaka-Cox’s Bazar-Myanmar-Kunming road link, aiming to boost connectivity among the three countries. The offer came when a Chinese delegation, led by its Commerce Minister Gao Hucheng, met Finance Minister AMA Muhith at his secretariat…
Chinese shares continued to lose ground despite the central bank’s latest effort to reassure traders. The mainland’s benchmark Shanghai Composite was down 1.1% to 2,930.23 points after a volatile open earlier. The index had already fallen about 16% this week,…
Mumbai: Dr. Atiur Rahman, Governor of Bangladesh Bank, tuesday said the need of the hour is to develop socially inclusive, sustainable and environmental-friendly trade practices even as SAARC countries aim for financial integration in the region. In his special address…
Grameen Bank has been ranked 12th position on Fortune’s Change the World List which is the recognition for creating new economic opportunities for those in poverty and bringing unbanked peopled under financial service. Fortune announced its inaugural Change the World…
A Dhaka court on Tuesday sentenced seven former officials of Oriental Bank to life term imprisonment for embezzlement of Tk 1.7 crore in the name of disbursement. Judge Dr Mohammad Akhtaruzzaman of Dhaka’s Special Judge Court-5 pronounced the verdict in…
By VICE News China’s economy continues to tank, and state media dubbed today’s stock market plunge “Black Monday.” This saw China’s main index — the Shanghai Composite — close at 8.5 percent down, after experiencing its worst day since August…
The Cabinet on Monday ratified the ‘Motor Vehicles Agreement for the Regulation of Passenger, Personal, and Cargo Vehicular Traffic with Bangladesh, Bhutan, India and Nepal’ (BBIN), aiming to boost road connectivity in the region. The ratification came from the regular…
Oil prices fell more than 4 percent to fresh 6-1/2-year lows on Monday after Chinese stock markets suffered their biggest one-day drop since the global financial crisis, intensifying worries over the outlook for global oil demand.Inaction by the Chinese government following an…
US oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world’s biggest energy consumer. Activity in China’s…
Broad index at the country’s premier bourse — Dhaka Stock Exchange (DSE) — ended the week with slight gain as the investors are still maintaining cautious behaviour. The daily average turnover at the DSE was Tk 563.93 crore, a fall…
Islami Bank Bangladesh Limited has opened its 296th Branch at Kalkini under Madaripur District. Enrg. Md. Eskander Ali Khan, Chairman, Executive Committee of the Bank inagurated the branch as the chief guest on August 20, 2015 Thursday.
The government has yet again backed down on the December deadline for tannery industries in Hazaribagh to relocate to Savar’s under-construction Leather Industrial City.A taskforce comprising six ministers decided at a meeting on Wednesday to give them more time.
Soaring worldwide demand for the minerals used in electronic devices such as smartphones and laptops has left a legacy of social conflict and human rights violations across Asia, Latin America and Africa A 200ft deep pit gapes where three years…
A special tribunal has found the former managing director of BD Welding and a journalist guilty of manipulating share prices of the company listed on the stock exchange. Former BD Welding top official SM Nurul Islam and Daily Industry Editor…
Meghalaya Chief Minister Mukul Sangma on Saturday said the land agreement that was signed between India and Bangladesh would give a fillip to trade, commerce and tourism between the two countries. Sangma spoke here at the main Independence Day celebration…
Commerce Minister Tofail Ahmed sees politics behind the US decision to deny Bangladesh products GSP, but US Ambassador in Dhaka Marcia Bernicat disagrees.After visiting a few readymade garment factories in Gazipur on Tuesday, Bernicat told reporters that ‘there was no…
US Ambassador in Dhaka Marcia Stephens Bloom Bernicat on Wednesday said the US will restore Generalised System of Preferences (GSP) for Bangladesh if it fully implements specific measures listed in the GSP Action Plan for it. She made the remark…
Construction work of elevated expressway from Airport to Kutubkhali on the Dhaka-Chittagong highway will begin from August 16, road transport and bridges minister Obaidul Quader said yesterday. “It would help to reduce the traffic congestion of the capital after construction…