SAVAR: A devastating fire gutted factory of Otobi furniture in Savar, outskirt of the capital on Tuesday night.Originating from a short circuit at layer section of the factory around 8:45pm, the fire engulfed the whole factory instantly. Later, 15 units of fire fighters rushed to the spot

DHAKA: Country’s economic sector has shown a surprising stability despite recent political crisis.Bangladesh Bank Governor Dr. Atiur Rahman came up with the observation on Tuesday while addressing the Bangladesh Bank Officer-Employee Honor-2012 giving ceremony as the chief guest at the

DHAKA: After the Spectrum sweater factory collapsed in 2005, killing 64 workers, hardly anything changed to improve factory safety in Bangladesh, reports The New York Times.             Then the Rana Plaza factory near Dhaka collapsed on April 24 last year, killing 1,129

DHAKA: In keeping with its vision of expanding its global footprint to as many as 50 countries by 2020, Hero MotoCorp Ltd (HMCL) - the world’s largest two-wheeler manufacturer – Monday launched its operations in Bangladesh through a Joint Venture (JV) with the reputed Nitol Niloy

DHAKA: AB Bank Limited approved seven percent stock and five percent cash dividend for its shareholders at the 32ndAnnual General Meeting (AGM) of the Bank held on Monday at the Bashundhara Convention Centre-2, Dhaka.The AGM approved the annual report and the audited financial statements

DHAKA: The car manufacturers of the country have launched a brand new family car (Sobari) at Bangabandhu International Conference Centre at only Tk 6.45-lac.The car was unveiled at the last day of three-day long exhibition ‘The Biggest and Only Show for the Automotive World of

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Monday.The key index of Dhaka Stock Exchange, DSEX, rose over 32 points to stand at 4,648 at the close on the second trading day of the week.Trade deals stood at 99,753 with transaction at Tk 4,611

DHAKA: The customers of Standard Chartered (StanChart) bank have raised allegations of sufferings against the bank. The sufferers have told that it misbehaves with the customers as well as the bank also have trimmed lowered socially. So they have termed the bank as the ‘Killer

DHAKA: Bangladesh Merchant Banker Association (BMBA) on Sunday demanded the withdrawal of double taxation from same types of income.In pre-budget discussion at conference room of National Board of Revenue (NBR) 2014-15 fiscal year in city, the organization placed the demand.BMBA Assistant

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Sunday.The DSE broad index rose over 17 points to stand at 4616 at the close on the first trading day of the week.The volume of transactions stood Tk 90,804 million with 3,991 trade deals.   Of

DHAKA: A new era has initiated for Grameen Solutions Ltd. (GSL) with collaboration with Denmark based Company CodersTrust. The partnership was announced before Sir Richard Branson, the founder of Virgin Group and Morten Lund, Co-investor of Skype, ZYB.This auspicious event held in

DHAKA: Import of spurious papers through “false declaration” goes unabated despite frequent request made to the government authorities concerned by the local producers to stop it.An appeal was made to the Prime Minister, the finance minister and the NBR chairman five years ago to save

DHAKA: Dubai’s construction and real estate sectors are facing a combined manpower shortfall of up to 500,000 heading into 2015, according to the findings of the Workforce Planning Study, which was commissioned by Dubai International Academic City (DIAC) and conducted by Deloitte.The

DHAKA: Bangladesh made a strong call for better sharing of ideas and information on development successes among the southern nations at the first High Level Meeting of the Global Partnership that ended in Mexico on April 16. Finance Minister AMA Muhith who was leading the Bangladesh

DHAKA: The workers’ leaders have no information regarding the non-implementation of the garment workers’ minimum wages.State Minister for Labour and Employment Mujibul Haque Chunnu on Saturday came up with the observation on Saturday.He addressing at a workshop titled “Bangladesh

DHAKA: BRAC Chicken on Thursday launched its first quick service restaurant `eat@` to provide its customers with “quick prepared foods”, says a press release on Friday.BRAC Enterprises senior director Tamara Hasan Abed inaugurated the outlet at the level 5 of Jamuna Future Park in

DHAKA: A UN-backed scheme to compensate victims of Bangladesh`s Rana Plaza factory collapse is barely one-third full, despite pressure on dozens of western brands to assume some financial responsibility for one of the world`s deadliest industrial accidents of modern times.A year after the

DHAKA: The Alliance for Bangladesh Worker Safety will pay 50 percent of the total salary of the garments which are temporarily closed or will be closed.The Alliance chairperson Ellen Tauscher informed garment owners on Thursday evening.She came up with the assertion while addressing a

DHAKA: Bangladesh Telecommunications Company Limited (BTCL) is going to make wastage of at least Tk 5,000 crore in a project for selecting an undependable technology. Though the project cost was estimated at Tk 6500 crore, this can be done costing only Tk 1500 crore, sources concerned

DHAKA: Bikroy.com, one of the leading online markets, handed over the prizes to three winners of its competition ‘sell your used home appliances and win Samsung Galaxy Tab3 every week’ on the occasion of Bengali New Year.The competition continued for three weeks. One of the winners M