DHAKA: Bangladesh started importing electricity from India on Friday morning aiming to improve the country’s power crisis situation. The 50-megawatt electricity will be added to the national grid till September 30 at TK 5 per unit.Sources said Prime Minister Sheikh Hasina and Indian PM

DHAKA: Around 87 EU retailers, who are signatories to the Accord on Fire and Building Safety in Bangladesh, would start inspecting the garment units from November this year. A delegation of the EU Accord visited Dhaka this week and shared its initial action plan with the representatives

DHAKA: The World Bank (WB) has been supporting the Bangladeshi government in strengthening the country’s efforts to better combat money laundering and the financing of terrorism.In a statement, WB on Thursday said that it is providing technical assistance to grant financing to improve

DHAKA: Grameen UNIQLO announces that it will open two new stores at Kakoli and Nayapaltan in the capital towards its vision of a nationwide chain.The latest launch follows on the opening of its first two stores in Bangladesh`s capital in mid-July. In the short span of four months, Grameen

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over seven points to stand at 4,013 at the close on the last trading day of the week.Trade deals stood at 90,248 with transaction at Tk 3030

DHAKA: Bashundhara City Eid Raffle draw was held at the mall on Wednesday to award the lucky shoppers at the hold-all business arcade.This year, the first prize has gone to the owner of Q-150365, second to P-290068 and the third to T-279645.The other lucky shoppers include B-191058 fourth

DHAKA: The government cancelled a tender, third of 2013-14FY, to import 50,000 tonnes of wheat for higher prices on Wednesday.A domestic trader made the lowest offer of US$ 286.77 per ton, including CIF liner out, in the tender.An official of Directorate General of Food said that

DHAKA: Clothing retailer River Island has signed up to an agreement to improve workplace safety in Bangladesh following the Rana Plaza factory collapse earlier this year.The disaster in April killed more than 1,000 textile workers and led to more than 80 brands who employ workers in

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Wednesday.The DSE general index shed over 24 points to stand at 4,005 at the close on the forth trading day of the week.Trade deals stood at 95,793 with transaction at Tk 3,243 million.     Of

DHAKA: Chief Executive Officer (CEO) of Bangladesh Airtel Chris Tobit said that his company would introduce affordable Third Generation (3G) internet packages for its valued subscribers.On the night of September 24, Airtel test ran 3G in its Uttara office and will be setting up 8/10 base

DHAKA: California-based food and beverages company Del Monte is evaluating options to enter Bangladesh and Sri Lanka markets through FieldFresh Foods, 50:50 joint venture between Sunil Mittal-led Bharti Enterprises and Del Monte Pacific.Besides India, the JV would sell Del Monte branded

DHAKA: The High Court on Tuesday issued a rule against Bangladesh Bank governor Dr Atiur Rahman and general manager (banking control division).The court asked them to explain within two weeks why legal action should not be taken against them for disobeying court order.An HC bench

DHAKA: Minister of Industries Dilip Barua said the government is expected to finalize the National Handicraft Policy by October 2013. Barua came up with the disclosure in an inter-ministerial meeting for drafting the handicraft policy at his office in Dhaka Tuesday. The main goal to

DHAKA: The 24th Bangladesh Apparel and Textile exposition (BATEXPO) showcasing the full range of apparel, textiles and other related products under the same roof would begin in the capital from October 10. BATEXPO-2013 would provide a unique opportunity for apparel and other buyers to

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over 33 points to stand at 4,054 at 10:52 am.Trade deals stood at 15,006 with transaction at Tk 616 million.Of the issues traded, 161

DHAKA: Bashundhara Group and India’s Gulshan Super Group signed an agreement in Dhaka on Monday to set up two precipitated wet calcium carbonate manufacturing plants for producing low-cost paper in the country.The products of these two plants would be used as raw materials for paper

DHAKA: Bangladesh high commissioner to India Tariq A Karim said India should not back off from the promise to supply cotton to his country despite New Delhi’s decision to freeze cotton export in the coming season.Speaking at an interaction organised by the Indian Chamber of Commerce and

DHAKA: Bangladesh Bank (BB) Governor Dr Atiur Rahman asked the authorities concerned of commercial banks to be careful over financing so that militants and terrorist group cannot be financed in the name of Islami banking.The central bank governor came up with the plea while addressing a

DHAKA: The garment factories, declared shut for unrest, in the capital, Savar and Gazipur will be opened from Tuesday.The decision was taken in a meeting of workers, owners and government representatives at Shipping Ministry on Monday noon.After the meeting, Shipping Minister Shahjahan

DHAKA: Finance Minister AMA Muhith on Sunday categorically said the Grameen Bank (GB) is being brought under the regulations of Bangladesh Bank (BB) as per new act.“The GB is out of the regulations of the central bank. Under the proviso of the amended Grameen Bank Act, it will come