DHAKA: New Zealand dairy giant Fonterra has been fined $NZ300,000 ($256,675; £154,748) after it admitted four food-safety violations during a 2013 botulism scare.The scare led to a worldwide milk product recall and to several countries blocking imports of New Zealand dairy

DHAKA: ICDDRB and PRAN-RFL Group (Durable Plastics Ltd) have signed a memorandum of understanding Thursday to collaborate on a research project to assess the benefits of safe water use in improving street food safety in Dhaka city. Under the agreement PRAN-RFL, as the research and

DHAKA: The US trade deficit increased sharply in February as imports rose and exports fell amid signs of slowing growth in China and Europe’s tepid recovery.US official data showed on Thursday, reports The Straits Times.The nation’s trade gap in goods and services with the rest of the

DHAKA: Mazda Motor Corp is to recall about 88,000 vehicles globally to fix a programming glitch in its engine control computer.The Japanese automaker is recalling the Mazda3, Mazda6 and CX-5, manufactured between October 2012 and January 2014, spokeswoman Misato Kobayashi said, reports

DHAKA: The ten-nation Association of Southeast Asian Nations (ASEAN) officially formed its ‘Dhaka Committee’ to open a new dimension in building relationship with Bangladesh. Through a program joining by ministers, politicians, diplomats, businessmen, and officials of the foreign

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 25 points to stand at 4,621 at the close on the last trading day of the week.Trade deals stood at 92,763with transaction at Tk 5,180

DHAKA: The global economy could be heading for years of "sub-par growth", according to the head of the International Monetary Fund (IMF).Christine Lagarde warned that without "brave action" the world could fall into a "low growth trap".She said the global economy would grow by more than

DHAKA: Bangladeshi expatriates sent Tk 1047.94 crore as remittance in the first nine months of fiscal year 2013-14.Sources from the Department of Foreign Currency Affairs of Bangladesh Bank (BB) made the disclosure on Wednesday.They also informed that the amount of remittance in March

DHAKA: South Asia needs up to US$2.5 trillion of investment in infrastructure by 2020 if the region is to make further gains in battling poverty and provide for its growing population.The World Bank said on Wednesday, reports The Straits Times.Despite boasting similar economic growth

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 68 points to stand at 4595 at the close on the fourth trading day of the week.Trade deals stood at 89873 with transaction at Tk 5003

DHAKA: Finance Minister AMA Muhith sought financial aid from World Bank (WB) to implement and assist the budget of the country.The finance minister made the plea when World Bank Vice President for South Asia Philippe Le Houerou met him at his secretariat office on Tuesday.In response to

DHAKA: The World Bank (WB) has promised to provide $2.7 billion loan to Bangladesh with a view to assisting various development projects in the current fiscal year.                                    World Bank Vice-President Phillippe Le Houerou made

DHAKA: Japan International Cooperation Agency (JICA) will provide a total of TK 183 crore as donation to enhance the development and the security system at four airports of the country.The money would be used for Shah Jalal International Airport of Dhaka, Shah Amanat International Airport

DHAKA: City Bank Limited finally returned the swindled money of a depositor following a report published in banglanews on March 16.Banglanews published a report titled ‘Tk 16 lakhs of City Bank’s depositor disappeared’ based on the allegation made by a customer of the bank’s

DHAKA: Ready-made garment industry of the country expects a 10-15 growth in exports for the current fiscal year ending June, despite factory safety issues and recent political instability.The first eight months of the fiscal year fetched a "morale- boosting" 16.68 persent rise to

DHAKA: Lufthansa, Germany’s biggest airline, said on Monday that it will cancel most of its flights later this week due to a pilots’ strike.‘As a result of the planned strike by the pilots’ union Cockpit, around 3,800 flights will be cancelled on Wednesday, Thursday and

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Monday.The Dhaka Stock Exchange (DSE) board index rose over 13 points to stand at the close on the second trading day of the week.Trade deals stood at 71,278 with transaction at Tk 2,872 million. Of the

DHAKA: Tens of thousands of Taiwanese protesters took to the streets in Taipei on Sunday in a bid to pressure embattled president Ma Ying-jeou to retract a controversial trade pact with China.The protesters, many wearing black shirts and headbands reading ‘defend democracy, retract

DHAKA: Sonali Bank filed another case against the Hall-Mark chairman, managing director for realising Tk 9.92 crore from Boby Denim Limited.On behalf of Sonali Bank, officer of bank’s Rupashi Bangla Branch Abdus Salam filed the case.Confirming the matter to banglanews, Sonali Bnak’s

DHAKA: Grameen Phone, one of the leading mobile operating companies of the country, has donated more than Tk 16-crore for welfare of labours.The high officials of the company handed over a cheque of ‘Profit Participation Fund’ to State Minister for Labour, Mujibul Haq Chunnu, at the