Bangladesh Textiles Mills Association (BTMA) on Sunday placed a 9-point proposal for consideration of the government in the next national budget that includes fixing income tax at 10 percent on the profit of the textile sector and to continue the…
Category: Business
Workers protest, abstain for RMG pay rise
The agitated readymade garment workers went on strike demanding salary increase on Saturday morning and the authorities of garments shut their factories.
Economy growth remained same in 2 decades: Atiur
Bangladesh Bank governor Dr Atiur Rahman on Saturday said the growth of country’s economy remained in the same position in the last two decades.
Prof Nasser re-elected chairman Islami Bank
Prof Abu Nasser Muhammad Abduz Zaher, Representative of Ibn Sina Trust, has been re-elected Chairman of Islami Bank Bangladesh Limited.
IBFB team to USA to talk on GSP
A delegation of International Business Forum of Bangladesh (IBFB) will be visiting the USA from May 30 for two weeks and hold talks with US officials and chamber leaders on bilateral issues, including GSP facility.
Biman catches fire at Airport
Biman Bangladesh Airlines has delayed one of its flights to Hong Kong after one of its wings caught fire during take off at Shahjalal International Airport.
Rail road restored after 4 hrs
Chittagong’s railway communication with Dhaka and Sylhet resumed on Friday afternoon four hours after ‘Mahanagar Probhati’ had derailed in Brahmanbaria.
Swiss bank under pressure to abandon secrecy
Switzerland is facing mounting pressure finally to abandon its long tradition of banking secrecy. The United States has already told the Swiss government it expects Swiss banks to provide the US authorities with automatic information about US clients.
‘Cutter Jarvis’ for Bangladesh Navy
The United States will officially hand over a naval ship to Bangladesh in a reflagging ceremony in California on May 23.
25% Dividend for Shareholders: Islami Bank
Islami Bank Bangladesh Limited approved 25% dividend for the shareholders for the year 2012.
Government will constitute a RMG wage board next week
The government will constitute a wage board next week to fix the new salary structure of the readymade garment workers.
Swiss urged to buy more
Foreign Minister Dipu Moni has urged Swiss Assistant State Secretary Beat Nobs to import more Bangladeshi products, particularly ceramics, pharmaceuticals, household items and computer software.
Economic growth is projected to gain slow:UN
A United Nations economic forecast said on Thursday that UN sees slow global economic growth for the rest of this year.
Nissan to recall about 841,000 vehicles
DHAKA: Nissan Motor will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel glitch.
Dhaka seeks Malaysian investment
Bangladeshi entrepreneurs on Wednesday invited Malaysian investment in the prospective areas like leather, leather-goods, energy, food processing, gas-run factories and telecommunications.
Islami Bank approves 25pc dividend
Islami Bank Bangladesh Limited approved 25% dividend for the shareholders for the year 2012.
Tea workers call off strike
Bangladesh Tea Workers’ Sangram Parishad has called off their indefinite strike started from Tuesday to press home their 20-point demands including election of Tea Workers’ Union and increase of salary. The decision came as Labour Minster Razi Uddin Ahmed assured…
‘Identify those behind fuel transport irregularities’
A parliamentary watchdog on Tuesday asked the Bangladesh Petroleum Corporation (BPC) to identify the officials responsible for the government revenue loss of Tk 19,93,13,519 through irregularities in transporting petroleum products.
3 Jamuna Bank officials among 4 to be sued
The Anti Corruption Commission (ACC) is set to file a case against four people, including three officials of Jamuna Bank, on charge of misappropriating about Tk 8.01 crore.
Stocks down at closing Tuesday
Share prices at country’s both bourses– Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – ended negative at closing on Tuesday.
Stocks maintain uptrend
Share prices at the country’s both bourses—Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –- continued to gain on Monday.
Yahoo ‘to buy Tumblr for $1.1bn’
Yahoo’s board has approved a deal to buy New York-based blogging service Tumblr for $1.1bn (£725m), US media reports say. The acquisition is expected to be announced as early as Monday.
Latif Siddique pulls up US envoy
The Textiles and Jute Minister Abdul Latif Siddique has tersely objected to US envoy Dan Mozena’s asking managements to allow trade union rights in readymade garment factories.
Proposal by 10-day : WB to assist BD for RMG industrial park
The World Bank (WB) will propose to Bangladesh within 7-10 days regarding financial and technical assistance for construction of garment industrial park.
MA Mannan takes over as MD of Islami Bank
Managing director of Islami Bank Bangladesh Limited Mohammad Abdul Mannan, who has been reappointed to the post for another three years, took over the charge on Sunday.
Hybrid vehicles ‘can be future alternative’
Environment and Forest Minister Hasan Mahmud on Saturday said hybrid electric vehicles can be the future alternative to the existing vehicles.
New household gas connections in 15 days
Titas Gas Transmission and Distribution Company, a state-owned gas agency, will start providing physical connections to households within the next 10-15 days.
Fiscal measures needed for economic recovery
The Unnayan Onneshan, an independent think-tank, has stated that exigent policies are needed for the economic recovery as policy-induced macroeconomic challenges loom large this year.
Energy Dept backs Texas LNG export plan
The Energy Department on Friday conditionally approved a Texas company’s proposal to export liquefied natural gas, only the second such project allowed to move forward amid a production boom that has led to glut of domestic natural gas.
Power supply in southern districts back to normal
The distribution and supply of electricity in all the 21 districts of the country’s southwest and southeast regions resumed on Thursday night after the tropical storm Mahasen crossed the country’s territory.