Necessary reforms to stabilize key commodity markets
JICA to support Forest Department to enhance coastal resilience
DHAKA: Executive Committee of National Economic Council (ECNEC) approved eight projects worth of Tk 1,576-crore at a meeting on Tuesday.The meeting, with Prime Minister Sheikh Hasina as chair, was held at NEC Conference Centre in city’s Sher-e-Bangla Nagar area.Planning minister AHM
DHAKA: Investors witnessed mixed trend in the country’s two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- in early hours of trading on Tuesday.DSEX, the Broad Index of Dhaka Stock Exchange (DSE), shed over 1.36 points to stand at 4543.61 at 12:13pm.Trade
DHAKA: HSBC, Europe’s biggest bank, is planning to cut 8,000 jobs in the UK as it tries to reduce costs and simplify its business.The cuts will affect both the retail banking operations and the investment bank.A total of 25,000 jobs could be axed globally, meaning close to 10% of
DHAKA: Finance Minister AMA Muhith on Monday put emphasis on new tax payers in realizing revenue in the 2015-16 fiscal year.The minister was talking to journalists at the conference room of National Board of Revenue in city in the afternoon.Earlier, Muhith directed the NBR officials about
DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses --Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Monday.DSEX, the Broad Index of DSE, shed over 75.43 points only to stand at 4542.27 at the close on the second trading day of the
DHAKA: Exports in the world’s second largest economy, China, fell for a third consecutive month in May, highlighting slowing demand in the country.Exports fell 2.5% from a year ago in dollar denominated terms, and 2.8% in yuan denominated figures.Both figures were above expectations,
DHAKA: Trading on the country’s two bourses--Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway with downward trend of share-price indices on Monday.DSEX, the Broad Index of DSE, went down by 14.42 points or 0.31 per cent to 4603.27 after the first one and
DHAKA: Growth in the Japanese economy in the first quarter has been revised sharply higher, official government data shows.The world’s third largest economy expanded 1 percent in the first three months from the previous three, up from an initial estimate of 0.6 percent, reports the
DHAKA: Country’s apex business body Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) president Abdul Matlub Ahmad commented that a new horizon in Bangladesh-India ties in sight.He made the comment to the media after his meeting with visiting India premier Narendra
DHAKA: Businessperson Moosa Bin Shamser on Sunday submitted his wealth statement to Anti-Corruption Commission (ACC).Moosa’s lawyer handed over the statement to ACC secretary at noon.ACC sources confirmed the matter to banglanews.Earlier on May 19, ACC sent a notice to Moosa’s
DHAKA: Country's stock market marked gain in its price indices on Sunday, the first trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, rose over 26.27 points only to stand at 4617.70at the close of day’s trading.Trade deals stood at 1,40,639 with volume of
DHAKA: US Ambassador in Bangladesh Marcia Stephens Bloom Bernicat visited Beximco Industrial Park in Kashimpur area of Gazipur district on Saturday.BEXIMCO group chairman ASF Rahman and its director, also chief executive officer, Syed Naved Husain welcomed the delegation led by Bernicat
DHAKA: Islami Bank Bangladesh Limited (IBBL) and Xpress Money jointly organized a daylong ‘Free Medical Camp’ on Saturday at IBBL Sonargaon Branch.IBBL managing director Mohammad Abdul Mannan inaugurated the camp as chief guest, the bank’s assistant vice-president Nazrul Islam
DHAKA: A four-day Real Estate and Housing Association of Bangladesh (REHAB) summer fair will begin from June 9.The fair will remain open to all from 10:00am to 9:00pm till June 12 at Bangabandhu International Conference Centre in city.A total of 150 organizations will set up stalls at the
DHAKA: A Memorandum of Understanding (MoU) has been signed with top India conglomerates Reliance and Adani groups on Saturday.It was signed at Bidyut Bhaban in city at 11:30am in the day.Bangladesh Power Development Board secretary Zahurul Islam, Adani Power Limited chief executive
DHAKA: Finance Minister Abul Maal Abdul Muhith Friday said there is nothing to say about black money as answers of all queries existed in the Income Tax Law.The minister came up with this assertion while replying to a query of a reporter on proposed budget for 2015-16 fiscal year after
DHAKA: Prime Minister’s International Affairs Adviser Gowher Rizvi said deals on three power plants would be signed during the visit of Prime Minister of India Narendra Modi. The power plants will produce about 5,000 megawatts of electricity, he added.He was addressing a discussion
DHAKA: Finance Minister AMA Muhith has proposed to increase taxes on certain daily essentials that will result the hike of their prizes.The products include SIM card; fresh and frozen fish; flours; meals; Fish fillets – dried and salted; cold-water shrimps and prawns, butter and other
DHAKA: Finance minister AMA Muhith proposed to exempt the import duty on items related to renewable energy in the budget for FY 2015-16 aiming to promote the use of energy efficient and renewable energy run apparatus.In his budget speech, Customs Duty (CD) rate on airtight storage bags
DHAKA: The government has increased 15 percent of import duty and taxes on silk products to protect local silk industry. Finance Minister AMA Muhith made the proposal while placing the budget for the next financial year before the parliament on Thursday afternoon.In his budget speech, the