DHAKA: None would be allowed to establish any industrial factory in the capital, while the government would provide facilities to investors to setup factories outside Dhaka. Finance Minister AMA Muhith came up with the assertion while addressing a pre-budget conference at NEC Hall Room

DHAKA: Finance Minister AMA Muhith set a budget of Tk 250,000 crore for the fiscal year 2014-15 in the country. The amount of the budget was less than Tk 92,000-93,000 crore that was in five years back. The finance minister came up with the disclosure at NEC conference room-2 in a

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday. The DSE broad index shed over 36 points to stand at 4,666 at the close on the first trading day of the week. Trade deals stood at 87,412 with transaction at Tk 4,338 million. Of the

DHAKA: The 1st Annual General Meeting (AGM) of the shareholders of Midland Bank Ltd held at a city hotel on Saturday, said a press release.M Moniruzzaman Khandaker, Chairman of the bank presided over the meeting. The news release added that a number of directors and sponsors of the Bank

DHAKA: Executive Chairman of Board of Investment Bangladesh Dr Syed Abdus Samad revealed that Bangladesh has received Foreign Direct Investment (FDI) worth $ 1.78bn in 2013, registering 37.5% higher than 2012.      This was disclosed according to provisional figures compiled by the

DHAKA: A delegation of World Bank Group’s member Multilateral Investment Guarantee Agency (MIGA) arrived here on Friday night, said a WB release on Saturday.The delegation led by MIGA executive vice president Keiko Honda will meet the high officials at government’s different level

DHAKA: Unnayan Onneshan (UO), a research organization, has observed that the remittance inflow decreased by seven percent during the period of July, 2013 to February 2014.The low remittance inflow will adversely affect the villages of the country, the organization observed. The UO warns

DHAKA: Speakers at a high-level event to commemorate One Year after Rana Plaza, reiterated their commitment to working together to ensure safety and rights for workers in the ready-made garment (RMG) sector in Bangladesh. Expatriate Welfare and Overseas Employment Minister Khandker

DHAKA: Campaigners are planning to mark the anniversary of the Rana Plaza disaster in Bangladesh by forming a human chain on London’s busiest shopping street while urging retailers to be more transparent about their supply chains.Trade union activists will join pressure groups as part

DHAKA: The Omron Healthcare Bangladesh Ltd. started providing services through a formal inauguration taken place at Ruposhi Bangla Hotel in the city.Health Minister Mohammed Nasim MP was present in that occasion as Chief Guest. Omron Healthcare is the World`s leading manufacturer for

DHAKA: Asian Development Bank (ADB) is providing a loan aid of 25 crores US Dollars for the sake of the capital’s pure drinking water. ADB is providing this loan assistance under the project of “Dhaka Environment Friendly Sustainable Water Supply.”A deal was signed at the auditorium

DHAKA: Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) authorities Wednesday proposed to raise the amount of tax exemption upto Tk 50,000 on the profit at stock markets in stead of Tk 10,000.Authorities of two bourses of the country made the proposal, along with some other

DHAKA: Bangladesh Bank (BB) recently requested elite force Rapid Action Battalion (RAB) to detain the syndicate involved with Asia-E-banking, which deceived millions of educated youths giving lucrative fraudulent bank jobs offer.   BB in a written letter requested RAB to bring the

PARBATIPUR, DINAJPUR: Agitating miners and workers of Barapukuria Coal Mining Company Ltd (BCMCL) kept the company officials confined for the second successive day on Wednesday.The agitators began demonstration at 12:00on Tuesday demanding cancellation of the new manpower structure and

DHAKA: A garment hub will be set up on more than 500 acres of land at Gazaria upazila of Munshiganj district. A committee headed-by a director-general of Prime Minister’s Office has already started working to implement the plan.Prime Minister’s Special Assistant (media) Mahbubul Alam

DHAKA: Investors witnessed gain in benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 34 points to stand at 4,692 at the close on the fourth trading day of the week.The volume of transactions stood Tk 5,473 million 101,315 with

SAVAR: A devastating fire gutted factory of Otobi furniture in Savar, outskirt of the capital on Tuesday night.Originating from a short circuit at layer section of the factory around 8:45pm, the fire engulfed the whole factory instantly. Later, 15 units of fire fighters rushed to the spot

DHAKA: Country’s economic sector has shown a surprising stability despite recent political crisis.Bangladesh Bank Governor Dr. Atiur Rahman came up with the observation on Tuesday while addressing the Bangladesh Bank Officer-Employee Honor-2012 giving ceremony as the chief guest at the

DHAKA: After the Spectrum sweater factory collapsed in 2005, killing 64 workers, hardly anything changed to improve factory safety in Bangladesh, reports The New York Times.             Then the Rana Plaza factory near Dhaka collapsed on April 24 last year, killing 1,129

DHAKA: In keeping with its vision of expanding its global footprint to as many as 50 countries by 2020, Hero MotoCorp Ltd (HMCL) - the world’s largest two-wheeler manufacturer – Monday launched its operations in Bangladesh through a Joint Venture (JV) with the reputed Nitol Niloy