DHAKA: The High Court on Tuesday summoned three people, including the Chairman and Managing Director of Commerce Bank, for ignoring the court order.They were asked to appear before the court and explain within November 10.An HC single bench of Justice MR Hasan passed the order.Advocate

DHAKA: BDL Group, a Bangladesh-based company, is going to build a textile and garment factory in Mekele town of Ethiopia with over 765 million Birr.The group has signed agreement with the town administration and received 68 hectares of land for the construction of the factory.Company

DHAKA: World Bank (WB) on Tuesday predicted that Bangladesh’s gross domestic product (GDP) and inflation will stand at rate of 6.2 percent and 7.3 percent respectively by the end of current fiscal. Zahid Hussain, lead economist at World Bank's office in Dhaka, came up with the

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Tuesday.The broad index of Dhaka Stock Exchange, DSEX, rose over 89 points to stand at 5233 at the close on the third trading day of the week.Trade deals stood at 126803 with transaction at Tk 6,942

DHAKA: High Commissioner of India Pankaj Saran called on AMA Muhith, Finance Minister of Bangladesh on Monday, and handed over a cheque of US$ 25 million (approximately Tk 194 crore).The money was given as the fourth tranche of the USD 200 million grant committed by the Government of

DHAKA: When a factory building collapsed in Bangladesh in 2013, killing more than 1,100 garment workers, the aftershocks rippled through the retail world in the United States and Europe.Retailers worried that Western consumers would rebel, according to bostonglobe.com.Working on thin

DHAKA: Bangladesh-Malaysia Chamber of Commerce and Industries (BMCCI) is set to organize a three-day long third ‘Showcase Bangladesh’, a fair of Bangladeshi products, in Malaysia, at Kuala Lumpur Convention Centre from November 14.BMMCCI President Nasir A Chowdhury made the

DHAKA: The banking sector of the country is going ahead in remittance earning but the specialized banks are falling behind, which are neglected by the concern authorities. Bangladesh Bank (BB) sources said the rate of remittance earning is very low from four specialized banks --

DHAKA: Robi Axiata Limited, country’s fastest growing mobile-phone operator, has been awarded ISO 27001:2013 certification for its outstanding service.Prestigious British Standards Institution certified Robi with 2013 version of ISO 27001 making it the first telecom in Bangladesh to

DHAKA: Atomenergoproekt, a subsidiary of Russia’s state nuclear corporation ROSATOM has designed a new core catcher for nuclear power plants, which was recently presented to Turkish nuclear specialists. Designed for the Akkuyu Nuclear Power Plant (NPP) in Turkey the improved core

DHAKA: The Netherlands, Italy and Sweden have vowed to stand beside Bangladesh in different sectors’ development projects.Sources told banglanews that the Netherlands has pledged to invest in deep seaport project in Sonadia with others.On the other hand, Italy will encourage its

DHAKA: British influential daily The Guardian on Friday published a report about bKash -- a joint venture between BRAC Bank Ltd., Bangladesh, and Money in Motion LLC, USA -- a full-scale mobile phone based payment switch in Bangladesh.Here we are publishing the report for

DHAKA: Broad money supply in August rose 15 percent to 7,130.86 billion taka ($92 billion) in the country from a year earlier.The central bank made the declaration on Thursday, according to the Morning Star.However, the amount ratio was down 16.99 billion taka from a month ago, the report

DHAKA: Opposition leader in the parliament Raushan Ershad on Thursday urged visiting Senior Minister of State, Ministry of Home Affairs and Foreign Masagos Zulkifli Bin Masagos Mohamad to invest in Bangladesh.Raushan Ershad made the plea when called on her at her residenceShe said the

DHAKA: The need to promote dialogue and build trust between workers and employers to ensure sustainable growth of the Ready Made Garment (RMG) sector was stressed by high-level speakers at an event on workplace cooperation held in city on Thursday, says a press release.The day-long

DHAKA: The parliamentary committee has recommended allocating industrial plots to women entrepreneurs on priority basis in Bangladesh Small & Cottage Industries Corporation (BSCIC) industrial area.They made the recommendation in the 8th meeting of Government Organization Committee in

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Thursday. The Dhaka Stock Exchange Broad Index (DSEX) shed over 15 points to stand at 5299 at 10:55am. Trade deals stood at 18075 with volume of transactions at Tk 956 million. Of

DHAKA: Japan’s Toyota Motor Corp/ssaid on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake’s performance.Toyota said in an email it was not

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday.The broad index of Dhaka Stock Exchange, DSEX, rose over 22 points to stand at 5315 at the close on the fourth trading day of the week.Trade deals stood at 174534 with transaction at Tk

DHAKA: Hennes & Mauritz AB (H&M), Swedish multinational retail clothing company, is likely to expand its business in Bangladesh as the international buyers are satisfied to the garment sector of the country.Bangladesh Garment Manufactures & Exporters Association (BGMEA) President