DHAKA: Zimbabwe plans to adopt the Chinese yuan as legal tender in return for debt cancellation worth about $40m - a move one economist predicted ‘has no future at all’.China has become the largest investor in Zimbabwe, which has been shunned by the West over its human rights record

DHAKA: Housing and public works minister Engineer Mosharraf Hossain commented that the investment in housing sector can reduce the laundering of black money.He made this comment while inaugurating a five-day Real Estate and Housing Association of Bangladesh (REHAB) Fair 2015 at

DHAKA: Executive Committee of National Economic Council (ECNEC) in a meeting held on Tuesday approved five project worth of Tk 759.12-crore.Of the amount, the government will provide Tk 726.72-crore while rest of the money will come from the own funds of the respective organizations.Prime

DHAKA: Emirates has announced that it will deploy its highly-popular A380 to even more destinations across its network in 2016 - reinforcing its commitment to provide an enhanced onboard experience for its passengers.Birmingham, Prague, and Taipei have been added to the growing list of

DHAKA: GCM Resources, the parent company of Asia Energy which has exploration licences and a mining lease over the Phulbari Coal basin and a Contract with the government for “Exploration and Mining Coal in Northern Bangladesh” held its Annual General Meeting (AGM) in London on

DHAKA: A three-day exhibition of Japanese reconditioned cars will begin at International Convention City Bashundhara (ICCB) in city from January 22 of 2016.Around 50 car companies are expected to showcase their products in the expo to be organized by Bangladesh Reconditioned Vehicles

DHAKA: Investors witnessed significant gain in the benchmark indices of the country’s bourses on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 67.33 points to stand at 4578.87 at the close of day’s trading.Trade deals stood at 100334

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 55.57 points to stand at 4567.11 at 11:27 am.Trade deals stood at 27334 with transaction at Tk

DHAKA: Eastern Bank Ltd (EBL) has launched a mobile application for banking services titled ‘EBL Skybanking’ for both EBL and non-EBL customers.The mobile App, first of its kind in Bangladesh, will help the users to do fund transfer, bills payment, to receive information about

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Sunday, the first trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 9.33 points only to stand at 4511.53 at the close of day’s trading.Trade deals stood at 104401 with

DHAKA: A Japanese real-estate firm has now expressed its interest to invest in a large-scale to meet the demand of middle-income group in the capital.Creed Asia BD Company Limited (Bangladesh) is willing to invest $300 million (Tk 2339-crore) to develop a modern and affordable housing at

DHAKA: Prime Minister Sheikh Hasina unveiled logo of Simanto Bank, a bank for members of Border Guard Bangladesh (BGB), at a program of BGB Day 2015.During the time, she also inaugurated three 50-bed hospitals in Chuadanga, Thakurgaon and Khagrachori.Prior to that the primer took salute

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- gained in early hours of trading on Sunday.     DSEX, the prime index of the DSE, rose over 8.03 points or 0.17 per cent to 4528.91 after the first one-hour

DHAKA: Bangladesh, an emerging country with growing economy, has attracted investors from developed countries to its promising sectors including Information Technology and real estate.Recently many IT startups have got venture capital from Silicon Valley and running their businesses

Dhaka: Local Government, Rural Development and Co-operatives Minister Khandker Mosharraf Hossain said the returned expatriates would be brought together as they cannot adapt with the country’s socio-cultural situation after spending a long time in foreign lands.The minister was

DHAKA: Bangladesh will be able to export shrimp and other frozen foods to the European Union without separate health certificate.As the European Parliament has eased the rules of importing shrimps from Bangladesh at the beginning of this month, there is no barrier to entry the goods to

DHAKA: Bangladesh will probably overtake China as the world’s biggest cotton importer in the current crop season, which lasts through July, according to data from the U.S. Department of Agriculture.As China’s economy has grown, it has become the largest importer of raw materials from

DHAKA: Finance minister Abul Maal Abdul Muhith launched an online-based rating system for salary and pension.He inaugurated the system at finance ministry conference hall in city on Thursday (December 17).The minister said, “The conventional system of nearly 268 years has now been

AGARTALA: The Power Grid Corporation of India Ltd (PGCIL) completed a test charging in the transmission line in Agartala in a bid to kick start the smooth supply of power to Bangladesh on the latter’s historic Bijoy Dibosh (Victory Day).It was however unable to transmit the power toward

DHAKA: Country’s stock market closed mixed in share-price indices in post-holiday session on Thursday, the last trading day of the week.The broad index of Dhaka Stock Exchange, DSEX, rose over 6.90 point to stand at 4520.87 at the close of day’s trading.Trade deals stood at 82353 with