DHAKA: Probe body found negligence of Bangladesh Bank (BB) officials behind reserve heist. Investigation committee, led by former governor Mohammed Farashuddin, made the announcement. The committee mentioned the names of 30/32 officials for their negligence of duties. Earlier on

DHAKA: Shares in Japanese automaker Mitsubishi Motors plunged 13.5% in Friday trade to close at 504 yen. It was the third day of hefty falls, sparked by news on Wednesday that the company admitted falsifying fuel economy data for more than 600,000 vehicles sold in Japan. Government

DHAKA: The emissions scandal surrounding Mitsubishi Motors has widened as the firm said further models may be involved. At a press conference, the company’s president Tetsuro Aikawa said there may have been more car models that incorrectly measured fuel efficiency data than initially

DHAKA: Both the bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed fall in share prices indices on Thursday (April 21), the fifth and final trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 19.05 points or

DHAKA: In a latest development, refusing some media reports, Grameenphone (GP) authorities said their employees were not involved with SIM cloning.   GP issued a press release in this regard on Wednesday (April 20). The release said: “There has been no instance of SIM cloning

DHAKA: Japanese officials have raided an office of Mitsubishi Motors following the revelation that the carmaker had falsified its fuel economy data. The officials searched its plant in the central Japanese city of Okazaki, reports the BBC. Mitsubishi has admitted that employees

DHAKA: The Dhaka Stock Exchange (DSE) is witnessing gain in share prices indices while the Chittagong Stock Exchange (CSE) witnessing loss on Thursday (April 21), the fifth and final trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 0.32

DHAKA: Price waterhouse Coopers (PWC), a multinational professional services network headquartered in London, United Kingdom, has started its journey in Bangladesh.  It is the largest professional services (tax and advices) firm in the world, and is one of the Big Four auditors, along

DHAKA: Japanese car maker Mitsubishi has admitted that it manipulated fuel economy test data in more than 600,000 vehicles to make emissions levels look more favorable. Tetsuro Aikawa, president of Japan’s sixth-largest car maker by market value, bowed in apology at a news conference

DHAKA: The Dhaka Stock Exchange (DSE) witnessed gain in share prices indices while the Chittagong Stock Exchange (CSE) witnessed loss on Wednesday (April 20), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 1.76 points or 0.04

DHAKA: Malaysian Airlines chief executive Christoph Mueller has resigned after less than one year of leading the carrier’s reorganizing efforts. The airline had suffered years of financial losses even before it was hit by two major disasters in 2014. Flight MH370 disappeared on

DHAKA: Copenhagen Consensus Center (CCC) president Dr. Bjorn Lomborg commented that online procurement in Bangladesh can save tens of billions of takas each year. According to the CCC research, Bangladesh spends more than Tk 72,000-crore on public procurement each year. “Imagine

DHAKA: Shares in Asia are mixed but Mitsubishi Motors tumble after the carmaker warns of misconduct in fuel economy tests. Its shares fell as much as 17%. On the broader Tokyo exchange, the Nikkei 225 index rose by 0.24%, to 16,914.41, reports the BBC. Earlier, official figures

DHAKA: The board of directors of Islami Bank Bangladesh Limited (IBBL) recommended 20% cash dividend for the shareholders for the year 2015 subject to approval of the 33rd Annual General Meeting of the Bank. The decision came from a meeting of the board held at Islami Bank Tower on

DHAKA: An annual general meeting (AGM) of country’s largest telecom operator Grameenphone (GP) was held at Bashundhara Convention Centre in city on Tuesday (April 19). GP board members, CEO Rajeev Sethi and other senior officials were present at the meeting, chaired by board director

CHITTAGONG: Bangladesh Petroleum Corporation (BPC) signed an agreement with Engineers India Ltd (EIL) to appoint the latter as consultant to Eastern Refinery Unit-2 of Bangladesh. BPC director for operations and planning Mosleh Uddin and EIL executive director (marketing) Upendra

DHAKA: Argentina has returned to the international borrowing markets with a sale of sovereign bonds that ends 15 years of exile since its 2001 default. The country is raising up to $15bn, but demand for the bond issue was strong and attracted orders worth $65bn, reports the BBC.

DHAKA: Both the bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –witnessed loss in share price indices on Tuesday (April 19), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 33.78 points

DHAKA: Casino junket agent Kam Sin Kim Wong, through his company, on Monday (April 18) returned another P200 million ($4.34 million) to the Anti-Money Laundering Council (AMLC) for safekeeping in the Bangko Sentral ng Pilipinas (BSP) headquarters in Manila. "Eastern Hawaii Leisure

DHAKA: Asian markets traded higher in Tuesday's session, following overnight gains in the US markets. Japan’s Nikkei 225 index surged 3.7% to 16,869.29 while over in South Korea the benchmark Kospi index edged up 0.1% to 2,011.44, reports the BBC. In Australia the