DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, shed over 34 points to stand at 4,763 at the close on the third trading day of the week.Trade deals stood at 108,630 with transaction at Tk

DHAKA: The government of Bangladesh Monday signed two financing agreements totaling $535 million with the International Development Association (IDA), the World Bank’s concessional arm.According to a press release, $410 million will be spending for the Municipal Governance and $125

DHAKA: Toyota is to end its vehicle and engine production in Australia by the end of 2017, affecting thousands of jobs.It also announced plans to close its Australian sales subsidiary and said it could scale down the operations of its development and technical centre there.Toyota said

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 24 points only to stand at 4,797 at the close on the second trading day of the week.Trade deals stood at 121,900 with volume of

DHAKA: The World Bank has unveiled a new program to reduce 2.5 percent system loss in the electricity sector. The newly elected government has taken the initiative to curb system loss in the power sector. In the fiscal year of 2012-13 and 2011-12, the rates of the loss were 16.82 percent

DHAKA: China’s finance ministry said on Saturday it will extend a programme of subsidies for buyers of electric-powered vehicles after the current subsidy regime, part of efforts to combat pollution in cities, expires in 2015.The existing subsidies will be phased out by 2015 as planned,

DHAKA: The European Central Bank left interest rates unchanged on Thursday, holding off fresh policy action to combat the threat of deflation while it waits for new staff forecasts next month.The decision to leave rates on hold was expected by most economists as the bank awaits updated

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 33 points to stand at 4,845 at the close on the last trading day of the week.Trade deals stood at 142,246 with transaction at Tk 7704

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 65 points to stand at 4876 at 11:15 am on the last trading day of the week.Trade deals stood at 24,452 with transaction at Tk

DHAKA: Human Rights Watch said the Bangladesh government should stop garment factory owners from intimidating and threatening workers for organizing trade unions, and prosecute those responsible for attacks on labor leaders. The international rights group came up with the urges in its

FROM MADANGANJ PORT (NARAYANGANJ): A high rank delegation of Bangladesh University of Engineering and Technology (BUET) Wednesday praised the technology used to produce Bashundhara Cement.The delegation from Civil Engeneering Department of BUET expressed their content after visiting

DHAKA: US banking giant Morgan Stanley has agreed to pay $1.25bn (£765.5m) to settle a lawsuit over the sale of mortgage-backed securities. The money will be paid to the US regulator that oversees Fannie Mae and Freddie Mac mortgage guarantee firms. US taxpayers had to rescue the two

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Wednesday.The key index of Dhaka Stock Exchange, DSEX, shed over one point to stand at 4,841 at the close on the fourth trading day of the week.Trade deals stood at 127,511 with transaction at Tk 6,205

DHAKA: United States stocks slumped on Monday, with the S&P 500 suffering its worst drop since June, after weaker-than-expected data on the factory sector in the world’s largest economy provided investors with the latest reason to move away from riskier assets.US manufacturing grew at a

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Monday.The key index of Dhaka Stock Exchange Broad Index, DSEX, shed over one point to stand at 980 at 12:40pm.Trade deals stood at 1,18, 448  with volume of transactions at Tk 5,783

DHAKA: India’s largest carmaker Tata Motors unveiled its first new models in four years on Monday, banking on two small cars to reverse the company’s sliding passenger car sales in the face of growing foreign competition.Sales of Tata passenger vehicles in India fell an annual 37

DHAKA: Contractual dairy farmers of PRAN Dairy received agro loan for setting up and develop dairy farm in the country. Major General (retd) Amjad Khan Chowdhury, CEO of the PRAN-RFL Group, handed over the loan amount to the dairy farmers at Chatmohor PRAN Dairy hub in Pabna recently.

  DHAKA: Mobile phone operator Robi Axiata Limited signed a memorandum of understanding (MoU) with CARE Bangladesh on Sunday. A press release in this connection said: The agreement was signed with the objective to jointly design, develop and implement sustainable enterprise development

DHAKA: The Indian state of Rajasthan has barred foreign direct investment in supermarkets, an ominous sign for global retailers who covet India’s vast but fragmented retail sector if the country’s main opposition Bharatiya Janata Party comes to power nationally in upcoming

DHAKA: Economic Relations Division (ERD) organized a workshop on ‘Effective South-South and Triangular   Cooperation and Knowledge Sharing’. The workshop was held at the NEC Conference Room of the capital on Sunday.       Finance Minister AMA Muhith inaugurated the workshop as