DHAKA: Global trade unions IndustriALL and UNI and labour rights network Clean Clothes Campaign launched a new effort on Thursday to push Western brands to pay into a compensation fund for victims of the Rana Plaza collapse that killed more than 1,100 people.In a joint statement they said

DHAKA: Foreign exchange has crossed the $20 billion mark for the first time in history, riding on buoyant remittance inflows, moderate exports and declining import payments.Bangladesh Bank (BB) showed the data on Thursday.In December last year, the reserves crossed $18 billion with the

DHAKA: The World Bank is finalizing plans to lend Bangladesh a total of $2.7 billion for investment purpose, its president Jim Young Kim said.“...through the (proposed) $2.7 billion of new lending, we hope to again, just engage very directly with the government and with all of the other

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Thursday.The key index of Dhaka Stock Exchange, DSEX, shed over one point to stand at 4,592 at the close on the last trading day of the week.Trade deals stood at 86,400 with transaction at Tk 4,208

DHAKA:  World Bank, in a report on Wednesday, said due to not getting expected amount of investment, less power generation in old plants, short of gas and no chance to give up the quick rentals are leading Bangladesh to increase power price. To come out of these problems, World Bank made

DHAKA: Japanese carmaker Toyota is recalling 6.4 million vehicles globally due to five separate issues.Some 3.5 million vehicles are being recalled to replace a spiral cable attached to the driver`s side airbag.It may be damaged when the steering wheel is turned and result in the airbag

DHAKA: Bangladesh economic activities recovered in the second half of FY14, driven by resilient exports and domestic demand, following setbacks suffered in the first half due to political uncertainty and

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over seven points to stand at 4,594 at the close on the fourth trading day of the week.Trade deals stood at 87,120 with transaction at Tk

DHAKA: Finance Minister AMA Muhith on Tuesday categorically said the budgetary allocation for the much-talked-about Padma Bridge would not increase in current fiscal year.The finance minister came up with the assertion while addressing a conference of planning commission at the National

DHAKA: Russian natural gas producer Gazprom said on Tuesday Ukraine had failed to pay for its March gas supplies on time but did not say whether the company would take any action against Kiev.‘They haven’t paid for March,’ a spokesman said, confirming that Ukraine’s total debt of

DHAKA: The President of the International Trade Union Confederation (ITUC) and Chairman of the Confederation of German Trade Unions Michael Sommer visited Bangladesh from April 6–9 to learn about the current situation and the perspectives of the labour movement in Bangladesh. With the

DHAKA: Robi Axiata Ltd, country’s leading mobile phone operator, has been recognized as the best Operating Company (OpCo) for round the year excellence in performance for the year 2013 at the Axiata senior leadership forum in Colombo

DHAKA: South Korea and Australia will sign a free trade deal this week, South Korean president Park Geun Hye said on Monday, after four years of negotiations on the pact.‘Tomorrow, we will sign a free trade agreement with Australia,’ Park said at a meeting of her top aides, according

BRAHMANBARIA: The National grid on Monday started getting 15 million cubic feet (MMCF) additional gas per day from Shimrail Kandi Gas Field in the district.Bangladesh Gas Field Company made the announcement.Confirming the matter to banglanews, Well-27 project director Fazlul Haque

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Monday.The key index of Dhaka Stock Exchange, DSEX, shed over 19 points only to stand at 4,608 at the close on the second trading day of the week.Trade deals stood at 96,671with volume of

DHAKA: Barclays has agreed to sell its retail banking arm in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB).ADIB is paying £107m ($177m) for the business which has 110,000 customers. Most of those are expatriate workers.Customers who move to ADIB will have to switch to finance

DHAKA: Bangladesh Bank (BB) has recently formed a high-level committee to find out irregularities of chief executive officers of the scheduled banks.Deputy Governor of the central bank Begum Naznin Sultana was made head of the committee.The disclosure came from a competent source from the

DHAKA: Commercial Bank of Kuwait, the Gulf state’s fifth largest lender by assets, said a majority of shareholders had approved a plan to convert the bank into a full-fledged Islamic lender.Kuwait state news agency KUNA reported last week, gulfnews.com publishes this report on

DHAKA: PRAN Dairy Limited and Land O’ Lakes Inc. signed a Memorandum of Understanding (MOU) to enhance Bangladesh’s dairy at the PRAN-RFL Group corporate headquarters last week.Under this project, Land O’ Lakes and PRAN Dairy will jointly invest six million US-dollars to increase

DHAKA: MasterCard has arranged “MasterCard South Asia Payments Round Table” at a hotel in Dhaka on Sunday.  Vicky Bindra, President, Asia Pacific and Ari Sarker, Division President, South Asia, MasterCard along with senior leaders of the South Asian Banking Industry attended the