DHAKA: Money sent home by Bangladeshis working overseas slipped 15 percent to $1.23 billion in October from a year earlier, the central bank said on Monday.Millions of expatriate Bangladeshis remitted $4.5 billion in July-October, the first four months of the current financial year, down

DHAKA: IFIC Bank Ltd, private commercial bank of country signed a Memorandum of Understanding (MoU) on electronic government procurement (e-GP) system with the Central Procurement Technical Unit (CPTU) of Implementation Monitoring and Evaluation Division (IMED) under Ministry of Planning

CHANGI AIRPORT, SINGAPORE: High Commissioner of Bangladesh in Singapore Mahbub Uz Zaman categorically said that there is a vast opportunity of trade with Singapore. “Bangladesh High Commission in Singapore has been working in this regard,” he added.The High Commissioner made the

DHAKA: The Wage Board finalized the new wage structure for readymade garment workers at Tk 5,300 at entry-level from the current pay scale of Tk 3,000.The Wage Board fixed the salary structure in its 9th meeting on Monday morning.Besides, the representatives of readymade garment owners

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Monday.The key index of Dhaka Stock Exchange, DSEX, rose over 52 points to stand at 4,045 at 11:15 am.Trade deals stood at 18,840 with transaction at Tk 807 million.Of the issues traded, 189

DHAKA: The Global Social Business Summit 2013 will be held in Kuala Lumpur Convention Centre, Malaysia from 7-9 November 2013, with the theme of ‘social business to change the world’. Nobel Peace Prize Laureate, Professor Muhammad Yunus, will deliver the keynote speech at the opening

DHAKA: Wall Street is aflutter over Twitter, set to make the most anticipated stock market debut since Facebook in a huge test for social media and the technology sector.No official date has been set, but Twitter appears on a fast track which could see its initial public offering priced

DHAKA: The foreign exchange reserves of Bangladesh hit a record high of $17.35 billion in October on the back of rising exports and slower imports.A competent source from the Bangladesh Bank made the disclosure on Sunday.Sources said the reserves at the end of last month were up from

DHAKA: The Anti-Corruption Commission (ACC) on Sunday filed cases against 53 people for embezzling Tk 1200 crore on much-talked-about Bismillah Group loan scam.A five-member special team led by ACC deputy director Syed Iqbal filed the 12 cases with Ramna Model Thana in the city around

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, rose over 25 points to stand at 3,993 at the close on the first trading day of the week.Trade deals stood at 86,822with transaction at Tk 3,152

DHAKA: China president Xi Jinping is confident that China will have healthy economic growth and will not fall into a middle-income trap.He told a group of Chinese and foreign business leaders on Saturday, reports The Straits Times.‘We are currently changing our way of development,

DHAKA: A delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will meet Prime Minister Sheikh Hasina on November 7.President of FBCCI Kazi Akram Uddin Ahmed made the disclosure while addressing a programme in city’s Banani Kachabazar on Saturday.He said,

DHAKA: The customs authority seized 16 gold bars weighing 1.8 kilogram from soap case carrying by a passenger of an Emirates Airways fight at Hazrat Shahjalal International Airport on Saturday morning.Airport Customs Assistant Commissioner Nazma Jabin told banglanews, ”On suspicion,

DHAKA: A new World Bank Group report says that Bangladesh has made notable progress in reforms that make it easier to start and run a business in the country.The report, Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises, released on October 30, analyzes

DHAKA: Bangladesh Power Development Board (PDB) has signed an agreement with Lakthanavi Power Ltd, a Sri Lankan firm, to set up a 52 MW dual-fuel power plant in Jangalia under Comilla district within next 15 months.According to the agreement, the Sri Lankan firm will set up the power

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 21 points to stand at 3,967 at the close on the last trading day of the week.The volume of transactions stood Tk 3,518 million with

DHAKA: Mobile phone operator Robi Axiata Limited has officially announced the launch of 3.5G services for its customers at select areas of Dhaka, Chittagong and Sylhet.The 3.5G network has been expanded since network launch to cover a wider selection of areas in Dhaka, Chittagong, and

DHAKA: Emirates SkyCargo has added a new Boeing 777 Freighter aircraft to its fleet, expanding its capabilities and capacity to meet current needs and long-term growth.The latest delivery brings Emirates SkyCargo’s B777F fleet to 10, and comes ahead of the move of its freighter

DHAKA: Telecommunications service provider Bharti Airtel Wednesday announced that Mahindra Comviva would manage its value added services (VAS) solutions under a strategic partnership model for its Bangladesh operations.As part of this three-year deal, Mahindra Comviva will manage Bharti

DHAKA: Commercial exploration and supply of gas from well-20 of Titas Gas began on Wednesday.Primarily, the gas field started supplying 10 million cubic feet per day (MMCFD) of natural gas to the national grid.Petrobangla Chairman Hossain Mansur confirmed the matter to banglanews.He also