DHAKA: The cabinet approved the proposed budget of the fiscal year 2018-19 in a meeting at Jatiya Sangsad Secretariat on Thursday (June 7) noon. This will be the tenth budget of the incumbent Awami League-led government after it assumed power in January of 2014. The size of the

DHAKA: Finance Minister Abul Maal Abdul Muhith is set to place the national budget for the Fiscal Year 2018-19 (FY19) Thursday (June 7).  This will be the country’s 47th budget and the 19th of the Awami League government. Muhith will start placing the budget at the Jatiya Sangsad

DHAKA: Neil Menzies has been appointed President of Chevron Bangladesh. The appointment came into effect from Sunday (June 3), said press release Tuesday (June 5). Prior to this assignment, Mr Menzies was Deputy Managing Director of Chevron’s Eurasia Business Unit. In his new

DHAKA: City Bank has won the prestigious ‘Global Climate Partnership Award 2018’ from Global Climate Partnership Fund (GCPF). This is one of the most prestigious awards on energy efficient financing which recognizes outstanding performance and impact of partner institutions in the

DHAKA: Accord and Alliance, two platforms of buyers from Europe and America working to improve workplace safety in readymade garment sector of Bangladesh, is leaving the country by January 31 next year, said Commerce Minister Tofail Ahmed.   The minister came up with the announcement,

Employees and officers of various public sector banks across India are on a two-day strike starting Wednesday (May 30) to protest a nominal 2 per cent wage hike offered by the Indian Banks' Association (IBA). The strike is expected to hit bank customers hard as it may disrupt

DHAKA: Finance Minister Abul Maal Abdul Muhith said that the country will start the importation of gold soon, to meet the demands of the precious metal in the local market. “Gold wasn’t imported here ever. But it will be introduced now. Gold can be imported after getting licence

DHAKA: The High Court has summoned all the investigations officers of the 56 cases filed over BASIC Bank loan scam, to explain why they failed to complete the investigation within the given time. The investigation officers have been asked to appear before the court May 30, along with

Dhaka: The Executive Committee of the National Economic Council (Ecnec) on Tuesday (May 22) approved the Padma Bridge Rail Link Project (first revised), which is estimated at Tk 39,246.80 crore. It also cleared 15 other projects, including the 4th Primary Education Development Programs

DHAKA: The national parliament was approved a Tk 332.53 crore budget to spend on its development and non-development expenditures for the fiscal year 2018-19. The Parliament Secretariat Commission passed the budget at its 29th meeting, chaired by Speaker Dr Shirin Sharmin Chaudhury, on

DHAKA: The World Bank approved Tk 913 crore loan for sustainable development through the use of technology and environmentally-friendly production in small enterprises sector. The organization has given USD 11 crore (Tk 913 crore) for Sustainable Enterprise Project (SEP), which will be

DHAKA: The High Court issued a show-cause notice to the authorities asking why they should not be directed to abolish the Destiny-2000 Limited. A one-member HC bench of Justice Md Rezaul Hasan passed the order on Tuesday (May 15). Lawyer ABM Siddiqur Rahman Khan and Mainul Islam

DHAKA: Dhaka South City Corporation (DSCC) has fixed the price of local beef to Tk 450 per kilogram, foreign beef to Tk 420, buffalo to Tk 420 and mutton to Tk 720 in Dhaka during the upcoming holy month of Ramadan. Beef price has increased Tk 25 per kg compared to previous year’s

DHAKA: Anika Chowdhury, the Head of Business Development and Strategy Division at Square Pharmaceuticals Ltd, spoke at the Bangladesh Rising Conference 2018 in USA.  She spoke on the issues related to business leadership opportunities for women, their role models and long-term

DHAKA: A three-member delegation of Bangladesh Standards and Testing Institution (BSTI) led by its Director General Sardar Abul Kalam visited two industrial parks of PRAN-RFL Group. The delegation on Saturday (May 12) visited RFL Industrial Park in Gazipur and PRAN Industrial Park in

DHAKA: Businessmen from whom a section of army officers extorted Tk 1,232 crore (12.32 billion) during the 2007-08 caretaker government are yet to get back the money despite a Supreme Court order in their favor. The delinquent army officers have not been punished yet for illegally

DHAKA: Bangladesh Securities Exchange and Commission (BSEC) approved Dhaka Stock Exchange proposal to make Chinese consortium of Shanghai and Shenzen stocks exchanges as its strategic partner. The approval came from the 646th meeting of BSEC on Thursday (May 3). BSEC executive

KOLKATA: Eminent economist, avowed Marxist and former finance minister in the Jyoti Basu government in West Bengal (1977-86), Ashok Mitra died at a private nursing home in Kolkata on Tuesday morning. He was 90. A man of letters, Mitra represents the rare breed of Marxists who left

DHAKA: State Minister for Power, Energy and Mineral Resources Nasrul Hamid said LNG (Liquid Natural Gas) pipeline will be given from May 25-26 this year. He also said industries and factories of the country will be connected with LNG through the pipeline. Thus, it will create more

DHAKA: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) demanded exemption of tax at source on the export of apparel products for the next three years. Also, they presented 11-point demand which includes reduction of corporate tax from 12 to10 per cent. BGMEA