DHAKA: The Noble Peace Prize sharing Grameen Bank and its founder Muhammad Yunus came under “assault’ of government just after World Bank study on microfinance, the biggest one of its kinds so far, rehabilitates the reputation of the practice as a means of helping poor people,

DHAKA: UK’s influential news magazine The Economist called the state-owned banks as a cancer to a pimple. Economist published the report titled “From cancer to pimple” on Thursday, which is available on its online version and will be appeared on its print version of April 19th

DHAKA: Bangladesh`s export income in the first three quarters of the current 2013-14 fiscal year (July 2013- June 2014) surged nearly 13 percent to 22.24 billion U.S. dollars with ready-made garments as the key performer, an official said Wednesday.The Export Promotion Bureau (EPB)

DHAKA: The prices of Bangladesh tea fell sharply again this week at a weekly auction.Brokers said the price dragged down by poor grade leaf near the end of the season.The tax authority last week trebled regulatory duties to 15 percent on imports of tea to discourage overseas buying after

DHAKA: Executive Committee of National Economic Council (ECNEC) on Tuesday approved three projects involving Tk 1,419 crore.The approval came an ECNEC meeting held at Sher-e-Bangla Nagar of the city at noon with Prime Minister Sheikh Hasina in the chair. The projects are Extension of

DHAKA: Syngenta Foundation Bangladesh and PRAN Agro Business Limited signed a Memorandum of Understanding (MoU) at the PRAN-RFL Group corporate headquarters in Dhaka recently. The agreement enables PRAN to provide better supports and buy high-quality produce from smallholders, who can

DHAKA: World Bank (WB) has asked to return a little amount of money of the ‘Avian Influenza Preparedness and Response’ project after bringing allegation ‘miss procurement’ in the project.Department of Lives Stock is implementing the project.The donor organization did raise no

DHAKA: The report on fulfilling conditions for regaining Generalized System of Privilege (GSP) has been sent to United States.Commerce Minister Tofail Ahmed made the disclosure while talking to journalist at his secretariat office on Tuesday noon.The US government imposed some conditions

DHAKA: Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, an industry report said, indicating a big a slice of imports has been used to raise funds due to tight credit conditions, rather than to meet consumer demand.The financing-related buying in the

DHAKA: Due to technical problem, Sunday’s trading in the Dhaka Stock Exchange (DSE) has been halted for about two hours. Trading at DSE resumed at 1:15 PM and the closing time of trading will be notified later.BDST: 1320 HRS, APR 13, 2014

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday.The DSE broad index shed over 19 points to stand at 4,573 at the close on the first trading day of the week.Trade deals stood at 45,181 with transaction at Tk 2,242 million.    Of the

DHAKA: Bangladesh received foreign exchange remittances worth $14 billion in 2013 from its migratory workforce to retain the 8th spot in the world.Top ten global remittances recipient nations are India ( $70 billion) China ($60 billion), the Philippines ($25 billion), Mexico ($22

DHAKA: The government has signed a landmark agreement with the International Maritime Organization (IMO) to work together to improve safety and environmental standards in the country’s ship-recycling industry.A Memorandum of Understanding formalizing the cooperation between the two was

DHAKA: The government has extended the contract tenure of Chairman and Commissioners of Bangladesh Securities and Exchange Commission (BSEC) to four years from their joining date.Ministry of Public Administration issued separate notifications regarding the matter on Thursday. According

DHAKA: Canada’s public broadcaster announced Thursday US$119 million in cuts and the elimination of 657 network sports and news positions over the next two years.The move aims to turn the Canadian Broadcasting Corporation (CBC) into ‘a smaller, more nimble and more open public

DHAKA: German carmaker BMW said it would voluntarily recall more than 156,000 vehicles in the United States, including its popular 3 Series compact sedan, to check for potentially defective bolts that could lead to engine damage.BMW said it would check whether bolts holding a certain

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