DHAKA: Industries Minister Amir Hossain Amu threatened that the allocation of plots will be cancelled if their owners fail to transfer the factories to Savar Tannery Palli within the stipulated time. The industries minister came up with the forewarning while talking to journalists after

DHAKA: Commerce Minister Tofail Ahmed on Wednesday categorically said advices of International Monetary Fund (IMF) is not necessary to implement the VAT Act. The commerce minister made the observation while addressing a seminar titled ‘Value Added Tax and Supplementary Duty

DHAKA: Eastern Bank Limited (EBL) has signed an agreement with SME Foundation Wednesday.  Under this agreement EBL will receive Tk 50.00 million from the SME foundation as Pre-Finance for financing to footwear & leather goods manufacturing industries development with single digit

DHAKA: The Anti-corruption Commission (ACC) on Wednesday quizzed Managing Director (MD) of Partex Group Shawkat Aziz over loan scam of Sonali Bank. The ACC Deputy Director Mir Zainul Abedin Shibli was conducting the quiz in the ACC headquarters at Segun Bagicha in the city. According to

DHAKA: Internet banking service of Prime Bank Ltd apparently went out of order putting clients in massive sufferings.  Customers are getting almost no service though the bank charges a total of Tk 575 annually for internet banking services. Several customers alleged verbally and over

DHAKA: For outstanding contribution in pioneering policy making for mobile banking, Bangladesh Bank has been selected to for the Alliance for Financial Inclusion (AFI) Policy Award. The award was declared on Tuesday at AFI Global Policy Forum in Trinidad and Tobago’s capital Port of

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday. The broad index of Dhaka Stock Exchange, DSEX, rose over 15 points to stand at 4660 at the close on the fourth trading day of the week. Trade deals stood at 131949 with transaction at Tk

DHAKA: Bangladesh Bank (BB) has taken steps to prevent fake currency, ahead of Eid-ul-Azha and Durga Puja. The government has decided to spread the information required to identify fake currencies by distributing CDs (Compact Disks) at different places, including airports, railway

DHAKA: The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved four new projects involving Tk 1,772 crore. The approval came from a meeting of the ECNEC at NEC conference room at Sher-e-Bangla Nagar in the city. After the meeting, planning minister AHM

DHAKA: Commerce Minister Tofail Ahmed on Tuesday categorically said Netherlands assured to provide Tk 300 crore in some development projects in Bangladesh. The minister made the disclosure after a meeting with the delegation of Netherlands at his secretariat office on Tuesday. The

DHAKA: The Anti-Corruption Commission (ACC) summoned Chairman Dr Abdullahel Bari and Managing Director (MD) Afroza Bari of Ananda Shipyard on allegation of loan scam.ACC sent a notice to them on Tuesday asking them to appear at its office in the capital at 10:00am on September

DHAKA: The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem.The World Bank warned on Tuesday, reports Hindustan Times.In a study released at a G20 Labour and Employment Ministerial Meeting

Dhaka: Malaysia, which is often called the Europe of Asia, where social security and economy are stable. The country is now a successes ground not only for the professionals but also for the businesspeople. Many people are taking citizenships of Malaysia as living standard the country is

DHAKA:  The sale of advance train tickets will begin from September 26 ahead of the Eid-ul-Azha and continue till September 30. State minister for Labour and Employment Md Mujibul Haque (Chunnu) disclosed the matter at a press briefing on Tuesday. Sale of return tickets will begin from

DHAKA: The Bangladesh Bank (BB) issued letters to the managing directors of four state owned commercial banks asking to submit detailed information of their Corporate Social Responsibility (CSR) expenditures from July 2013 to June 2014. The letters, signed by BB Deputy-director Kazi

DHAKA: Country’s leading Regent Airways is going to run two flights daily by its Boeing 737-700 airplane on Dhaka-Chittagong-Dhaka route from September 15. Regent’s Brand and Communication manager SM Riazul Islam told banglanews, initiative of using this modern jet’s flights has

DHAKA: The government has taken an initiative to increase gas supply in industries by reducing in the power sector.The decision came from a meeting at the secretariat on Monday.Petrobangla Chairman Dr Hossain Mansur confirmed the matter to banglanews.Gas supply will be reduced to two

DHAKA: Institute of Chartered Accountants of Bangladesh (ICAB) believed that the target of Gross Domestic Product (GDP) in the current fiscal year 2014-15 budget is achievable.ICAB chairman Abbas Uddin made the observation in a press conference on ‘SAFA International

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Monday.The DSE broad index shed over 32 points to stand at 4,608 at the close on the second trading day of the week.Trade deals stood at 121412 with transaction at Tk 5025 million.    Of the

DHAKA: International Labour Organization (ILO) handed over 95 motorbikes to factory inspectors aiming to boost the capacity of government officials to carry out inspections at garment factories Mujibul Haque Chunnu, State Minister for Ministry of Labour and Employment received the