Dhaka, May 11 – Prime Minister Sheikh Hasina returned home from London on Saturday morning wrapping up her 10-day official visit to the United Kingdom (UK). A VVIP flight of Biman Bangladesh Airlines carrying the Prime Minister and her entourage…
Category: Business
Bangladesh Biman suspends 3 flights for aircraft shortage
Dhaka, May 10 (UNB)– The shortage of aircrafts has forced Biman Bangladesh Airlines to suspended three flights on domestic routes until Monday. One flight on Saidpur, and two on Sylhet routes will remain suspend for now, said Shakil Meraj, Biman’s…
As fathers die, Kashmir’s children become breadwinners
SRINAGAR, India-administered Jammu and Kashmir, May 9 2019 (IPS) – Mubeen Ahmad was nine years old when his mother sold him into service to a mechanic for the petty sum of few thousand Indian rupees. His mother had found it hard to support…
IBBL exchanges views with representatives of exchange houses
Dhaka-Islami Bank Bangladesh Limited organized an exchange of views and Iftar program in honor of top executives of Bangladesh Liaison office of the Foreign Exchange Houses’ on 9 May 2019, Thursday at a hotel in Dhaka. Md. Mahbub ul Alam,…
Chinese envoy to BD defends BRI against ‘debt traps’ debate
Dhaka, May 8 (UNB) – Chinese Ambassador to Bangladesh Zhang Zuo on Wednesday defended its Belt and Road Initiative (BRI) against charges that it creates debt traps saying the BRI partners will now have a better understanding. He said China…
Price fall in large-caps drives stocks further down
Dhaka, May 8, 2019 – Stock markets today closed the week with downward trend due mainly to price fall in large-cap securities, official news agency BSS reported on Wednesday. The falling major sectors were pharmaceuticals and chemicals, ceramics and insurance.…
e-shopping booms in Bangladesh ahead of Eid
Dhaka, May 7 – Online shopping has started gaining momentum in Bangladesh ahead of Eid-ul-Fitr amid its growing popularity with the boom in internet access across the country. An increasing number of people, mostly city dwellers, choose e-shopping to save…
Dhaka plans to import more LNG
Dhaka, May 06 – The Bangladesh government is planning to import more Liquified Natural Gas (LNG) from the global market. During the recent state visit of Prime Minister Sheik Hasina in Brunei, a Memorandum of Understanding (MoU) was signed for…
IBBL signs MoU with Minister Hi-Tech Park
Dhaka- Islami Bank Bangladesh Limited signed a Memorandum of Understanding (MoU) with Minister Hi-Tech Park Limited at Islami Bank Tower on Tuesday, 30 April, 2019. In presence of Md. Mahbub ul Alam, Managing Director & CEO, Mohammed Monirul Moula, Additional…
3 killed as bus overturns in Rajshahi
Rajshahi, May 2 – Three people were killed and 12 others were injured when a bus turned turtle at Mirganj Bazar in Bagha Upazila on Thursday. The deceased were identified as Abu Hanif, 28, the bus driver’s assistant, Manwara Begum,…
Historic May Day observed
DHAKA, May 1, 2019 (BSS) – The historic May Day was observed today in the country like elsewhere across the world through various programmes with a pledge to establish the rights of workers. The theme of day this year was…
Biman Managing Director removed
Dhaka, May 1 (UNB)-The Managing Director of Biman Bangladesh Airlines AM Masaddique Ahmed has been relieved of his duties. Mohibul Haque, Civil Aviation and Tourism secretary, confirmed the matter to UNB on Wednesday and said Biman Director (operation) Captain Farhad…
US searches of phones, laptops at airports rising: suit
Washington, May 1 (AP/UNB) — U.S. government searches of travelers’ cellphones and laptops at airports and border crossings nearly quadrupled since 2015 and were being done for reasons beyond customs and immigration enforcement, according to papers filed Tuesday in a…
Bangladeshi del visits Rooppur NPP reference plant in Russia
Russia’s State Atomic Energy Corporation ROSATOM arranged a familiarization tour to Unit- 6 of Novovoronezh Nuclear Power Plant in Russia for a group of Bangladeshi expert and media representatives on April 17, 2019. The said unit is considered to be…
PM Hasina pledges action if anyone plays with share market
She welcomes BNP MPs for joining parliament Dhaka, Apr 30 – Prime Minister Sheikh Hasina on Tuesday warned that action will be taken if anyone wants to play with the share market. “… if anyone wants to play (with the…
Output gap nonsense
Adam Tooze explains how a false exactitude in economics has led to a terrible politics in the EU. Economic ideas, when linked to measurement and policy-making, have power. Knowledge informs decisions and helps to justify policy in public. In the…
How to tax a multinational
For too long, multinational corporations—and digital firms in particular—have used existing rules to avoid paying taxes in countries where they do much of their business. For some time now, multinational companies (MNCs) have been gaming the rules of the global…
Samsung’s 1Q profit slides on falling chip prices
Seoul, Apr 30 (AP/UNB) — Samsung Electronics Co. says its operating profit for the last quarter declined more than 60% from a year earlier because of falling chip prices and sluggish demands for its display panels. The South Korean technology…
Google stock drops amid slowing ad-revenue growth
San Francisco, Apr 30 (AP/UNB) — Google parent Alphabet beat analyst earnings expectations but reported slowing revenue growth amid tougher competition in the online advertising market. Alphabet shares dropped more than 7% in after-hours trading. Google’s advertising revenue, its key…
US takes back signature on Arms Trade Treaty
UNITED NATIONS, Apr 29 2019 (IPS) – The United States dropped a political bombshell when President Donald Trump announced his administration would withdraw from the historic Arms Trade Treaty (ATT) which the former Obama administration signed in September 2013. “We are…
Dedicated marketplace to be set up for SME sector: Minister
Dhaka, Apr 29 – Industries Minister Nurul Majid Humayun has said that a dedicated permanent marketplace will be set up for small and medium entrepreneurs in the country. He made the announcement while addressing the concluding session of the “5th…
BD Road Transport dept starts 10-day training for drivers
Dhaka, April 29, (UNB)- Bangladesh Road and Transport Authority (BRTA) on Monday launched a 10-day-long training for bus drivers in Dhaka. Md Nazrul Islam, secretary for road transport and highway inaugurated the training workshop at BRTA office in Banai aiming…
Brac varsity student killing: drivers put on remand
Dhaka, April 28 – Covered van driver Anis, who allegedly crashed Brac University student Fahmida Haque Labannya under wheel and uber motor-cycle rider Sumon were on Sunday put on remand in the case filed in connection with the killing of…
HC rule to enforce road transport law and regulate drivers
Dhaka, April 28 – The High Court on Sunday issued a rule a rule asking the government to explain within two weeks why its inaction to issue a gazette notification on the Road Transport Act-2018 in line with the sub-section…
EU envoys for pol resolve, action to do urgent policy reform
The Heads of Mission of the European Union, Denmark, France, Germany, Italy, the Netherlands, Spain, Sweden, the United Kingdom participated in the 5th plenary of the EU-Bangladesh Business Climate Dialogue on Sunday 28 April 2019 at the Commerce Ministry. They…
Belt & Road Forum begins in Beijing: 37 countries attend
Dhaka, April 24 – A three-day second Belt and Road Forum for International Cooperation (BRF) began in Beijing on Thursday. Industries Minister Nurul Majid Mahmud Humayun left Dhaka for Beijing on Wednesday to attend the BRF, said an official. Under…
Russia’s First Female Central Bank chief in Challenging Job
WASHINGTON DC, Apr 24 2019 (IPS) – Within a few short months after taking up her post as governor of the Central Bank of Russia in 2013, Elvira Nabiullina faced a growing economic crisis brought on by plunging oil prices, geopolitical…
IBBL board recommends 10% cash dividend for shareholders
The Board of Directors of Islami Bank Bangladesh Limited has recommended 10% cash dividend for the shareholders for the year 2018 subject to approval of the 36th Annual General Meeting of the Bank. The decision was taken in a meeting…
Govt failed to rein in market before Ramadan: BNP
Dhaka, Apr 24 (UNB) – BNP on Wednesday alleged that the government has failed to control the market ahead of Ramadan as the prices of essential commodities keep growing. “The Commerce Minister a few days back announced that the prices…
Transparency calls wage structure for RMG workers deception
Dhaka, Apr 23 (UNB) – Transparency International Bangladesh (TIB) on Tuesday claimed that garment workers did not get their wages raised but those were actually reduced by 26 percent in the new pay structure if the annual 5 percent increment…