By Catherine Wilson Canberra, (IPS) – Fourteen Pacific Island Forum countries are currently locked in negotiations with their two largest economic neighbours, Australia and New Zealand, to forge a new regional free trade agreement called ‘PACER Plus’, which supporters believe…
WiMAX operators have been losing out since more people are using internet on their mobile phones Wireless broadband operators have lost more than one third of their customers in one year, says a report released by the Bangladesh Telecommunication Regulatory…
Prices of broiler chickens have increased as much as Tk 10 per kilogramme in Chittagong before Ramadan, the Muslim month of fasting.But prices of essentials have remained stable.
The Union Cabinet in Delhi, chaired by Indian Prime Minister Narendra Modi has given its approval to the ‘Agreement on Coastal Shipping between Bangladesh and India’ to carry out coastal movement of goods between the two countries. Trade between India…
Onion prices have dropped from last week, but consumers say prices of the staple should be lesser in the beginning of the season.On Friday, local onion was sold at Tk 40 to 42 per kilogram, which is Tk 5 to…
Nobel laureate Muhammad Yunus said said on Thursday the world must show zero tolerance to poverty, unemployment and carbon emission for sustainable development, the next new agenda of the UN after conclusion of millennium development goal this year. Addressing the…
Bangladesh Bank has increased the limit of foreign currency deposit in Export Retention Quota (ERQ) account. Bangladesh Bank Foreign Exchange Policy Department on Tuesday has said in a circular that ERQ account limit has been increased by 5 to 10…
Karwan Bazar fruit traders, with the bitter experience of the anti-formalin drives last year still fresh in their minds, are treading cautiously this time while trying to cover previous losses.Although last year the market was flooded with fruits by this…
Price indices and trade turnover on Dhaka Stock Exchange have recorded a big jump, though trading began two hours late due to a technical glitch.DSE benchmark index DSEX gained 130.39 points – or 2.9 percent – to close at 4,615…
Finance Minister AMA Muhith on Monday said the import of reconditioned hybrid cars is set to get the green signal in the budget for fiscal 2015 -16. He said this when a delegation of Bangladesh Reconditioned Vehicles Importers and Dealers…
Bumper output of mango in the Chittagong Hill Tracts (CHT) region has brought smile on the faces of the local farmers, who are cultivating the juicy fruit this season.After meeting the local demand, a huge quantity of different varieties of…
Crude oil futures edged lower towards $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping trading muted.Front-month Brent crude shed 17 cents to $65.20 a barrel by…
Government plans to promote Bangladesh tourism remains hazy even three months after declaring 2016 as the Tourism Year.People involved with the tourism industry say they are ‘unaware’ of any initiatives based on the government’s ‘mega plan’ to develop the sector.
The 6th annual Social Business Day organised by Yunus Centre will be held on May 28 with the theme of “We Are Not Job-Seekers, We Are Job-Givers—Turning Unemployment into Entrepreneurship” at Bangabandhu International Conference Center (BICC), Dhaka. The gathering is…
Transport owners and workers in Rajshahi division have expressed solidarity with their Khulna Division counterparts and joined a strike enforced by the latter since Wednesday. Buses from the eight districts of the northern division of the country would stop operating…
Voting has started to elect the Board of Directors of Bangladesh’s apex business platform FBCCI for the 2015-17 term.The voting started at Motijheel’s Federation Bhaban at 9am on Saturday and will end at 5pm.
A Telenor Group research has revealed that senior citizens of Asia are not fully receiving benefits of mobile phone and internet.Data collected from its four Asian markets, including Bangladesh, also suggested that the senior segment in some of these markets…
Foreign Minister Abul Hassan Mahmood Ali has urged the US businesses to invest in Bangladesh and take advantage of its “enhanced” regional connectivity.He said Bangladesh will eventually become a hub in the network of distribution channel linking all the rising…
The National Board of Revenue detectives are seeking details of accounts Transcom Group Chairman Latifur Rahman and his wife Shahnaz Rahman hold with banks.The group owns Bangla daily Prothom Alo and English broadsheet The Daily Star.
Oil slipped on Monday as a rallying dollar and concerns of growing oversupply weighed on the market after Saudi Arabia reported its highest crude exports in nearly a decade.Crude oil futures erased early gains of more than $1 a barrel…
Key share price index at the country’s twin bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –experienced another bullish session on Monday, with the DSE registering its highest turnover of 2015. The DSE benchmark index, DSEX gained…
The Cabinet on Monday approved the draft amendment to the Protocol on Inland Water Transit and Trade (PIWTT) between India and Bangladesh, enabling it to be automatically renewed after every five years. The approval was given at the regular meeting…
Grameenphone says it will go for more investment to raise the number of its internet subscribers to 50 million.Chief Executive Officer Rajeev Sethi revealed the plan while talking to reporters of bdnews24.com and several other media outlets on Sunday at…
Dr Atiur Rahman Congratulations to IFC and the Royal Danish Embassy for this Launch Ceremony of ‘Waste to Energy Scale Up Project’, which is their joint effort in demonstrating a sustainable business model for generating renewable energy from farm wastes.…
ICICI Bank Ltd, India’s biggest private sector lender by assets, on Saturday opened its first branch in China as trade between Asia’s two key economies flourishes.
Finance Minister AMA Muhith has hinted that tax at source for readymade garment (RMG) export might be increased in the next budget.At a pre-budget discussion in Dhaka on Friday, he said the government was also considering revising the ‘cash incentives’…
A global oil glut is building as OPEC kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant US shale production, the International Energy Agency (IEA) said on Wednesday.The West’s energy watchdog…
The retail investors enjoying margin loan through brokerage houses will no more get dividend directly on the shares they hold.The Securities and Exchange Commission said on Tuesday the dividend would be disbursed through the loan providers.
Standard & Poor’s (S&P) its annual rating review reaffirmed the BB- rating for Bangladesh and also kept its ‘stable outlook’ for the sixth consecutive year. “We are affirming our ‘BB-/B’ foreign and local currency sovereign credit ratings on Bangladesh, the…
Abdus Sadeque Bhuiyan, head of International Banking Wing and Md. Shamsuzzaman, head of Information & Communication Technology Wing of Islami Bank Bangladesh Limited have been promoted as Deputy Managing Directors of the bank.