The government has given permission to 41 organisations to export 277,000 bales of raw jute as a “special measure”.Saikat Chandra Halder, PRO of the textile and jute ministry, informed the media of the decision on Wednesday.He said these organisations would…
The Taka-dollar exchange rates have come down as the Bangladesh Bank has started to buy the greenback from the local currency market.Over the last one month, the rate for one US dollar has dropped by Tk 0.45.On Monday, the central…
The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next couple of years, BP Chief Executive Officer Bob Dudley said.”A low point could be in the first quarter,”…
Oil fell close to $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has more than halved prices since the downturn began in mid-2014.US crude was trading below global benchmark Brent, having…
The government has signed a $177 million additional financing agreement with the World Bank to complete the ongoing construction of a 335 megawatt combined cycle power plant at Siddhirganj, near Dhaka.The plant that will start commercial operation in 2016 will…
Despite the declining price of oil in the international market, the government is yet to decide on whether to cut the price of fuel oil in the domestic market, says finance minister AMA Muhith.“We talked to the ministry of energy…we…
Axiata Group Berhad (Axiata), the parent company of Robi, has made a foray into Nepal’s telecoms market by acquiring the country’s number one mobile operator Ncell Private Limited (Ncell).“Through its wholly-owned subsidiary, Axiata Investments (UK) Limited, Axiata has entered into…
News Desk The 154th Social Business Design Lab organized by Yunus Centre took place today on 21 December 2015 at the Grameen Bank Auditorium.
Special Correspondent Grameen Caledonian College of Nursing (GCCN), Dhaka, held its fourth graduation ceremony on 15 December through an exciting and jubilant event. Nobel Peace Laureate and Chancellor of Glasgow Caledonian University (GCU), Professor Muhammad Yunus presided over the ceremony…
India has cut the minimum export price of onions to $400 per tonne, reports NDTV.”On Onion — decision taken today to reduce the Minimum Export Price (MEP) of onions from USD 700 tonne to USD 400 a tonne,” Indian Commerce…
Export and import through Akhaurha Land Port has been suspended in view of counting of ballots for Agartala Nagar Nigam [municipality] elections.People, however, can use the port as usual for crossing the border.Md Hasibul Hassan, adviser of Akhaurha Land Port…
Bangladesh has won the Child and Youth Finance International (CYFI) Country Award, 2015 from Asia and the Pacific region, leaving India and Fiji behind for massive financial inclusion activities,particularly in the area of school banking.
Some 150 new entrepreneurs will get down to business after receiving entrepreneurship training by the International Labour Organisation (ILO) in collaboration with the Bangladesh Employers Federation (BEF).The group received certificates at a ceremony held at the BEF in the city…
Recently, several daily newspapers have reported Honorable Prime Minister’s alleged remarks about Nobel Peace Laureate Professor Muhammad Yunus at a weekly cabinet meeting. .
A three-day “Bangladesh Capital Market Expo 2015″ began at the Institute of Diploma Engineers Bangladesh (IDEB) in the city today.Arthosuchak, an online business news portal, organized the exhibition aiming to create awareness among the prospective investors and branding the country’s…
Prime Minister Sheikh Hasina on Wednesday said it is micro-savings, not the micro-credit, can develop the fate of the country’s under privileged people.
The European Union has granted Bangladesh €8 million to help the country’s most vulnerable communities build resilience to climate change and related disasters.The grants will be routed through the Global Climate Change Alliance+ Flagship Initiative (GCCA+).Starting early 2016, a new…
Oil prices sank Friday as the OPEC cartel decided not to cut output despite the global oversupply that is battering the market.The 13-member Organization of the Petroleum Exporting Countries, which pumps about 40 percent of the world’s crude oil, took…
Rising leaders on environmental sustainability and climate change: A global survey of students from top-ranking business schools finds widespread consensus that business must lead on solutions to climate change and sustainability to attract and retain talent. A new global study…
As the government continues to keep Facebook banned for ‘security reasons’, small entrepreneurs and freelancers whose businesses are based on the social networking site are beginning to feel the pinch.Many of those hit by the ban have said that their…
Samajik Byobosher Shakti” a new book on Social Business, was unveiled on Sunday, 29 November 2015 by Professor Muhammad Yunus at the Yunus Centre office. MFM Amir Khashru, General Manager of Yunus Centre is the author of the book. The…
Bangladesh has received more tourists than usual this year despite the travel alerts issued by some countries including the US. Civil Aviation and Tourism Minister Rashed Khan Menon has made the claim.“Bangladesh is safer than the US. Some people are…
Bangladesh needs the help of friendly countries like China to graduate to a middle-income and developed country, Prime Minister Sheikh Hasina has said.She solicited Beijing’s support at a meeting with Vice Minister, International Department of Chinese Communist Party (CPC), Chen…
UK Minister of State for Trade and Investment Francis Maude has said Britain is keen to invest in Bangladesh. He intends to send a business delegation to Dhaka early next year.He disclosed his intention when Foreign Minister Abul Hassan Mahmood…
Dhaka- The country’s first ever banking fair began at the Bangla Academy premises in the capital city on Tuesday. Bangladesh Bank is organising the five-day “Bangladesh Banking Fair 2015” with the theme, “To Build a Banking Nation”, a press release…
In a renewwed bid to ensure and raise revenue collection from business houses, the National Board of Revenue (NBR) has decided to get tough against those who are not using the electronic cash registrar (ECR) and point of sale (POS).…
STAFF REPORTER The government has decided for building a ship building and re-cycling zone in Barguna, shipping minister Shajahan Khan said yesterday.
Dhaka has agreed to ensure bank guarantee on each consignment of transit cargo going from mainland India to its north-eastern states through Bangladesh.The decision was taken at the shipping-secretary-level talks in New Delhi on Tuesday.“As a gesture of goodwill and…
Dutch Queen Maxima on today visited Viyellatex Group’ garment factory here to observe how female RMG workers are being benefited through financial inclusion initiatives.She also visited a floor of the factory and witnessed production process.The Queen explored the experiences and…
Shipping secretaries of India and Bangladesh meet on Monday with both countries having signed the Standard Operating Procedure (SOP) to set in motion an ‘Agreement on Coastal Shipping’.Senior officials of India’s ministry of shipping and Bangladesh’s shipping department signed the…