DHAKA: Tea prices showed a little change at a weekly auction on Tuesday due to weak demand from local buyers, as sales volume also dropped in spite of a fall in supplies.   The average price of tea was Tk 195.08 ($2) per kg against Tk 195.22 in the previous sales, said an official of

DHAKA: State grains buyer issued an international tender on Wednesday to import 50,000 tonnes of wheat, for the fourth time in 2012-12FY.Sources said that the deadline to submit offers is October 1, with validity up to October 9, under the condition that the wheat is to be shipped in 40

DHAKA: From now, all readymade garment workers can open a bank account with only Tk 100.Bangladesh Bank (BB) has directed all government and private banks in this regard through a gazette notification.BB assistant spokesman AFM Asaduzzaman confirmed the matter to banglanews on

DHAKA: DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, in conjunction with Awareness of Defensive Driving & Road Engineering for Safe Society (ADDRESS), held a workshop recently to provide both DHL Bangladesh’s drivers as well as its vendors’

DHAKA: Retailers are betting on Bangladesh`s garment industry more than that of any other country in the coming years, new research shows, despite recent deadly factory accidents that have put their reputations at risk.Bangladesh`s $20 billion garment business came out ahead of smaller

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, shed over 19 points to stand at 4,118 at the close on the day trading.Trade deals stood at 1,70,420 with transaction at Tk 6,294 million. Of the

DHAKA: IFIC bank, Private Commercial Bank opened one more Cash Booth (utility collection booth) at Uttara in the capital Monday. Former President and Chairman of Uttara Women’s Medical College Dr AQM Badruddoza Chowdhury inaugurated the booth at the college premises.Member Secretary of

DHAKA: The president of the World Bank, Jim Yong Kim, has warned that the United States is just ‘days away from a very dangerous moment’ because of the government’s borrowing crisis.He urged US policymakers to reach a deal to raise the government’s debt ceiling before Thursday’s

DHAKA: A Trust Deed between University of Dhaka (DU) and IFIC Bank Ltd was signed on Thursday at a simple ceremony held at the Vice Canceller’s office of the university. Treasurer of university Professor Dr M Kamal Uddin and Managing Director of IFIC Bank Ltd Shah A Sarwar signed the

DHAKA: Biman Bangladesh Airlines is looking for a Gulf-based or South-east Asia-based airline investor and partner after the government cleared the launch of its maiden IPO offer.The national carrier has floated a tender to offload 61 percent of the government`s stake to a strategic

DHAKA: Blackberry has said it will cut 4,500 jobs as the struggling Canadian smartphone maker retrenches in the face of hefty losses and weak sales of its new handsets.The once high-flying international market leader said on Friday it expected to report a net operating loss next week of

DHAKA: Both the country’s bourses witnessed mixed trend in share-price indices on Wednesday.The key index of Dhaka Stock Exchange, DSEX, shed over two points to stand at 4,143 at the close on the last trading day of the week.Trade deals stood at 1,70,178 with transaction at Tk 6,529

DHAKA: Anti-Corruption Commission (ACC) has quizzed six Deputy General Managers of Agrani Bank, central branch over loan scam.An ACC investigation team led by deputy director Md. Nasir Uddin quizzed them for four-hours at Anti Corruption commission headquarters in the capital on

DHAKA: The government approved the draft of Multi Level Marketing (MLM) Control Act-2013 on Monday.The approval came from the regular meeting of the cabinet at secretariat with Prime Minister Sheikh Hasina in the chair.Cabinet secretary Mosharraf Hossain Bhuiyan confirmed the matter to

DHAKA: Leading mobile operator of Bangladesh Robi Axiata Ltd announced Ericson Bangladesh Ltd, Nokia Siemens Network Ltd (NSN) and Huawei Technologies as its partners to provide the 3.5G service in the country.The announcement came from a press conference held at the Ruposhi Bangla Hotel

DHAKA: After a long waiting, the report about much-talked Hall-Mark scandal was submitted to the Anti Corruption Commission (ACC).An ACC team led by ACC investigation department director general Zia Uddin Ahmed submitted the report on Sunday.The report included the names of 25 officials

BRAHMANBARIA: Easy bike owner, who used to pull rickshaw in the capital and could hardly manage livelihood, now leading life blissfully with the grace of interest free loan scheme by Bashundhara Group, country’s leading business conglomerate.The fortunate one is Firoz Mia, resident of

DHAKA: A dip in inward remittances due to the fall in the number of Bangladeshis going abroad for jobs and also because of the ongoing tension in the Middle East is worrying Bangladesh economists.According to reports, economists have aired their concerns about the decrease in the

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Sunday.The DSE general index rose over 45 points to stand at 4,123 at the close on the first trading day of the week.The volume of transactions stood Tk 1,42,339 million with 5,905  trade

DHAKA: China is likely to achieve its growth target of 7.5 percent this year despite planned structural reforms to rebalance the world`s second largest economy.The World Bank president Jim Yong Kim said on Sunday, reports The Straits Times.Kim is making a four-day visit focusing on issues