DHAKA: The government has appointed four new directors to Basic Bank Ltd for three years after appointing new chairman to the state-run bank. The Bank and Financial Institutions Division of Ministry of Finance issued a gazette notification in this regard on Monday. The new directors are
DHAKA: Country's stock market marked fall again in its price indices on Monday. The broad index of Dhaka Stock Exchange, DSEX, shed over 34 points only to stand at 4376 at the close on the second trading day of the week. Trade deals stood at 58431 with volume of transactions at Tk
DHAKA: Bangladeshi commodities are going to get vast Indian Market as bilateral agreement between the two nations is exist.Under the agreement of The South Asian Free Trade Area (SAFTA) Bangladesh get the tax and duty free commodity entrance in Indian market except 25 products like
DHAKA: The budget for mayor-less Dhaka South City Corporation (DSCC) and Dhaka North City Corporation (DNCC) will be declared respectively on Monday and Tuesday respectively. For the fiscal year 2014-15, the DSCC budget will stand at Tk 1,800 crore while Dhaka North City Corporation
DHAKA: Alauddin A Mojid has been appointed as new chairman of the state-owned BASIC Bank’s board of directors on Sunday. The appointment was made two days after previous chairman, Sheikh Abdul Hye Bacchu, resigned on Thursday following the allegation of irregularities in loan
DHAKA: The World Bank’s International Development Association (IDA), its soft loan wing, pledged to provide $78.4 million loan to the government to add 480,000 solar home systems.Government signs deal to develop its Rural Electrification and Renewable Energy Development II project
DHAKA: Country's stock market marked fall again in its price indices on Sunday. The broad index of Dhaka Stock Exchange, DSEX, shed over 25 points only to stand at 4,411 at the close on the first trading day of the week. Trade deals stood at 61,175 with volume of transactions at Tk
DHAKA: Bangladeshi citizens working overseas sent a $14.227 billion in remittances during the period of July 2013 to June 2014 fiscal, a down by 1.6 percent from the previous year, said Bangladesh Bank (BB). Remittances inflows turned positive in February - the first year-on-year
DHAKA: China and South Korea agreed at summit talks Thursday to seek the early launch of a market to directly trade their currencies and complete free trade negotiations by the end of the year.The agreement was contained in a joint communique endorsed by South Korean president Park
DHAKA: Good governance is crying need for share market to bring back the confidence. The investors are not returning in the market due to lack of confidence as there was a long ups and downs. M Moniruzzaman, Managing Director of IDLC Investments Limited recently discussed with banglanews
DHAKA: An interagency review led by the office of the US Trade Representative (USTR) has concluded that Bangladesh has made some important progress, but must do more to address the worker rights and worker safety issues that led President Obama to suspend the country’s Generalized
DHAKA: Deputy Managing Director of International Monetary Fund (IMF) Naoyuki Shinohara opn Wednesday said at present the environment in Bangladesh is affable for investment than any other time of past. Naoyuki made the assessment at a meeting with Prime Minister Sheikh Hasina in her
DHAKA: The amount of foreign investment in Dhaka Stock Exchange (DSE) has increased by 181.90 percent in June though it decreased in the previous months. DSE sources confirmed the matter to banglanews. The amount of foreign investment in DSE in January was Tk 278 crore, in February Tk
DHAKA: The US private sector revved up hiring in June with broad-based gains that suggest the economy is picking up steam. Payrolls company ADP said on Wednesday, reports The Straits Times. The private sector added 281,000 jobs in June, surging higher from a lacklustre 179,000 in May.
DHAKA: Investors witnessed slight fall in the benchmark indices of the country’s bourses on Wednesday. The DSE broad index shed over 13 points to stand at 4,466 at the close on the fourth trading day of the week. Trade deals stood at 65,050 with transaction at Tk 2,578 million. Of
DHAKA: Asian Development Bank (ADB) will provide US$ 25.50 crore to Bangladesh to fight river and land erosion. The disclosure came from a press release on Tuesday. ADB will provide the support as biodiversity of the country is suffering a huge loss at every year, which amounts to Tk 25
DHAKA: There would be no scope for whitening black money, while undisclosed money can be invested in real estate sector paying fine. Finance Minister AMA Muhith made the remark in response a query of journalists at planning commission of capital’s Sher-e-Banglanagr Tuesday.
DHAKA: Speakers hoped to make conducive business environment as there is a causal link between business and reduction of poverty. They made the remarks while speaking in a round table discussion titled ‘Inclusive Business in the context of Bangladesh: Prospects and Challenges’
DHAKA: All activities of banks and share markets will remain closed as the authorities declared Tuesday as bank holiday. Sources said Bangladesh Bank and main offices and important branches of other banks will remain open for running emergency export and import. The July 1 is observed
DHAKA: The World Bank (WB) signed an agreement to provide $78.4 million loan for developing energy sector of Bangladesh.They signed the contract under Rural Electrification and Renewable Energy Development project at a meeting at Planning Commission’s NEC-2 seminar room at