DHAKA : Prime Minister Sheikh Hasina said that Investment Board of Bangladesh (IBB) and Privatization Commission (PC) will be merged in the near future.The PM made this disclosure at a view exchange program with the officials at Prime Minister’s Office (PMO) in city on Tuesday.The

DHAKA: Toshiba’s chief executive and president Hisao Tanaka is to resign after the company said it had overstated its profits for the past six years.He will be succeeded by chairman Masashi Muromachi, with vice-chairman Norio Sasaki also stepping down, reports the BBC.On Monday, an

DHAKA: The Brics group of emerging economies on Tuesday launched its New Development Bank (NDB) in Shanghai.The bank is backed by Brazil, Russia, India, China and South Africa - collectively known as Brics countries.The NDB will lend money to developing countries to help finance

DHAKA: Mohammad Abdul Jabbar Chowdhury took charge as deputy managing director (DMD) of United Commecial Bank (UCB) Ltd.He was the DMD of Shahjalal Islami Bank Ltd (SIBL).Abdul Jabbar Chowdhury started his career at Janata Bank in 1980 and efficiently observed duties as manager, head of

DHAKA: Mohammad Hefzur Rahman has recently been promoted as General Manager (GM) of Bangladesh Krishi Bank.Earlier, he worked as Principal of Staff College of the bank.Hefzur joined the bank as a Class One Officer in 1982. He later, served the bank from different posts.BDST: 1438 HRS,

RAJSHAHI: Rajshahi Krishi Unnayan Bank (RAKAB), a bank for agricultural development in Rajshahi region, achieved Tk 32-crore as profit on 2014-15 fiscal year after suffering losses for consecutive 10 years.RAKAB sources said that in the past fiscal year, they planned to distribute loan of

DHAKA: The two bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), will remain close from July 16 to July 20 for upcoming Eid-ul Fitr festival.Bangladesh Bank (BB), the central Bank of the country, issued the order on Wednesday.The DSE and CSE were also closed on

DHAKA:  Bangladesh Bank has directed all banks to ensure ATM and POS (Point of Sale) services during holidays of upcoming Eid-ul-Fitr.The circular of the central bank, regarding the matter, had been sent to respective Chief Executive of the banks.According to the directives sent from

DHAKA: All Customs Houses in the country and branches of banks, related to customs house, will remain open on next Friday. National Board of Revenue (NBR) has taken the decision aiming to keep continue export-import activities of garments industries.Regarding the matter, an official order

DHAKA: Growth in the world’s second largest economy, China, beat expectations in the second quarter, but it was still the weakest showing since the global financial crisis.The economy grew 7% from a year ago - matching growth in the first three months of the year, which was the lowest

DHAKA: The International Monetary Fund has attacked the bailout deal offered by eurozone leaders to Greece.The creditor said Greece's public debt had become "highly unsustainable" and it needed relief from its debts, reports BBC.The BBC's economics editor Robert Peston said the criticism

DHAKA: Country’s largest telecommunication operator Grameenphone (GP) has got 16 lakh new subscribers in past six months totaling the number of subscribers to 5.31-crore.Moreover, the number of its internet users has also increased to 1.34-crore in 2015.A GP press release said on

DHAKA: A mobile court on Monday fined Tk 5-lakh to 51 shops, including the KFC and Pizza Hut, for selling expired goods, unhealthy food and packets without maximum retail price (MRP).The outlets were fined during drives, initiated by National Consumer Rights Protection Department (DNCRP),

DHAKA: Country's stock market marked minor gain in its price indices on Monday, the second trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, rose over 13.65 points only to stand at 4628.85 at the close of day’s trading.Trade deals stood at 106683 with volume of

DHAKA: Trading on the country’s two bourses--- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing mixed trend in share-price indices on Monday.DSEX, the broad Index of the DSE, went down by 7.37 points or 0.15 per cent to 4607.82 after the first

DHAKA: Banks will remain open in the readymade garment (RMG) areas on Wednesday despite a national holiday so that the RMG owners can pay wages and bonuses for workers.Bangladesh Bank (BB) confirmed the matter to the media on Sunday.According to the BB instruction, scheduled banks will

DHAKA: Key share price indices in the country’s both bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - began the week in positive on Sunday.Trading at both DSE and CSE began on positive trend this morning and ended the day with minor gain. DSEX, the Broad Index

DHAKA: Five taka note, the lowest currency of Bangladesh Bank, will no more be controlled by the central bank. After that, banks can not be forced to pay its bearer instantly. Ministry of Finance has decided to convert Tk 5 note into the government currencies aiming to control inflation

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed positive trend in early hour’s trading on Sunday, the first trading day of the week. DSEX, the prime index of the DSE, gained by 12.65 points or 0.27

RAJSHAHI: US-Bangla Airlines, a private airliner in Bangladesh, started its operation in Dhaka-Rajshahi route on Saturday.After the national carrier Biman Bangladesh Airlines, US-Bangla started the flight operation in this route.An aircraft of US-Bangla, carrying 78 passengers, took off