DHAKA: Netang, one of attractive seafront motels of Bangladesh Parjatan Corporation located on the bay beach at Teknaf, seems to have lost its past glory for a shabby run on lease.Lessee Ms North-South Property Development Limited (NSPDL) operates the motel at a panoramic resort site,

DHAKA: The High Court asked Nandan Food and Beverage Industries Ltd owners to pack up its outlet from capital’s posh Gulshan area by August 25.An HC bench comprising Justice Mamnoon Rahman and Justice Syeda Afsar Jahan passed the eviction order Wednesday following RAJUK’s legal

DHAKA: Government’s treasury slip or challan could be submitted online within six months—seen as an epoch-making change in the troublesome outmoded system, thanks to the digitization process.At the same time, visitors’ slip at the Secretariat will also be made available online to

DHAKA: The Securities and Exchange Commission (SEC) may audit faulty financial statement of any company listed with the capital market.The SEC will also recruit auditor in order to implement its decision, a meeting of the stock market regulator decided Wednesday.SEC’s Executive Director

DHAKA: Bangladesh Bank Governor Dr Atiur Rahman said Wednesday interest rates on micro-credits would be fixed after discussion with the stakeholders, as the NGOs reportedly charge exorbitant interests.He also called upon the organizations supplying micro-credits to reduce operational

DHAKA: The Securities and Exchange Commission (SEC), regulator of the capital market, Wednesday approved the right share of Bay Leasing and Investment Limited.The SEC at a meeting gave the approval allowing the shareholders to get a right share against a general share.Bay Leasing will

DHAKA:  Industries Minister Dilip Barua Tuesday asked the traders running dangerous chemical industries to remove their factories from the old part of the capital by August 17. “The government will not extend the date any further,” the Minister said addressing a discussion meeting,

DHAKA: Saudi Arabian Airlines “Saudia”, one of the designated carriers of hajj pilgrims, has been charging extra fare from the hajj pilgrims, the pilgrims and hajj agencies alleged. Government’s blind eye towards the issue gave license to the monopolizing airliner to be engaged in

DHAKA: Commerce Minister Faruk Khan Sunday urged the businessmen to give up the habit of making extra profit that tarnishes business community’s image.“Business does not mean that you will just make profit. It is a service to the nation as well,” said Faruk. He was addressing a

DHAKA: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sunday recommended that the government should cancel license of those businessmen who would hike price of essentials during Ramadan. “The FBCCI would do its best to keep prices of essentials within tolerable

DHAKA: The Securities and Exchange Commission Sunday suspended stock trading by a brokerage house on Dhaka Stock Exchange (DSE) for opening its branch without prior permission.The suspension would be effective for a month from Monday for Arafat Securities who opened branch without

DHAKA: Bangladesh Bank Governor Dr Atiur Rahman Sunday expressed dissatisfaction with the performance of the central bank’s Sadarghat branch.The governor gave vent to his resentment while visiting the BB branch at the busy river port in the capital.He directed the bank employees and

DHAKA: City Bank Ltd, a private commercial bank in Bangladesh, has introduced two new services for the students and patients intended to go abroad for education and treatment purposes.Deputy Managing Director (Marketing) of the bank Suhel RK Hussein inaugurated the services -- City

DHAKA: The textile industry of the country is all set to hold its first-ever exhibition in the UK in a bid to accelerate its growth by creating outsourcing scope as well as markets all over the globe.Alliant event management in Bangladesh and GenX UK Limited jointly will organise the fair

KHULNA: Chittagong Stock Exchange organized its 2nd road show on Internet Trading Service (ITS) in Khulna on Saturday to make Internet-based trading popular among local investors.Investors in the CSE so far are reluctant to use the ITS for lack of knowledge of the services. The ITS was

DHAKA: Bangladesh Bank is going to introduce LED lamps (light emitting diode) in governor’s floor next month in a bid to save power consumption. “We will introduce LED lamps to save energy as the country is facing worst crisis in this sector,” Bangladesh Bank (BB) governor Dr. Atiur

DHAKA: Investment Corporation of Bangladesh Limited (ICB) on Thursday declared dividends of its 15 mutual funds for the 2009-10 fiscal.Of mutual funds, eight funds are being running by Investment Corporation of Bangladesh Limited and others by ICB Asset Management Company Limited.The

DHAKA: The government Thursday announced Tk 3,000 as the minimum wage for readymade garment workers, nearly doubling the amount from Tk 1,662.50, although the labour side stuck to their guns for a much higher pay.Labour and Employment Minister Khandaker Mosharraf Hossain made the

DHAKA: Bangladesh Bank Governor Dr Atiur Rahman Thursday warned the commercial banks of their over enthusiastic investment in the capital market.  “You must make the banking sector risk-free and must not push the sector into an extra-risk for temporary profit,” he said addressing the

DHAKA: The dormant development paradigm embodied in PPP got a boost as the government Thursday decided to turn Bangladesh Infrastructure Finance Fund (BIFF) into a company for attracting private investment into country’s infrastructure sectors.With Prime Minister Sheikh Hasina in the