DHAKA: The operator of an exchange for the virtual currency Bitcoin has pleaded guilty to running an unlicensed money transmitting business.Charlie Shrem from BitInstant.com admitted the charges in a New York federal court hearing.Another Bitcoin trader, Robert Faiella, also pleaded

DHAKA: Grand Sultan Tea Resort and Golf’, a five-star resort with an area of 13.2 acres of attractive land in the backdrop of scenic tea estates in Srimangal, has been running its business in a full swing for one-year without any license. Moreover, the hotel does not have any

DHAKA: Country’s inflation rate dropped by 0.13 percent to 6.91 percent in August from 7.04 percent in the previous month.Planning minister AHM Mostafa Kamal came up with the disclosure on Thursday at a press conference at planning commission in city’s Agargaon area.Kamal said,

DHAKA: IFC, a member of the World Bank Group, and global apparel and footwear company VF Corporation, will provide up to $10 million to help VF suppliers in Bangladesh finance fire and building safety upgrades in their factories.VF, the parent company to many well-known brands

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Thursday.The broad index of Dhaka Stock Exchange, DSEX, rose over nine points to stand at 4,642 at the close on the last trading day of the week.Trade deals stood at 138512with transaction at Tk

DHAKA: The inflow of remittance decreased to US$ 33.14 crore in August in the 2014-15 fiscal year against US$ 149.14 crore in the previous month. Although the remittance inflow into the country has hit a record high in July, the inflow of remittance dropped by 22 percent in August of

DHAKA: Tuilaepa Aiono Sailele Malielegaoi, Prime Minister of Independent State of Samoa, expressed his interest to explore possibilities of cooperation with Bangladesh in the areas of agriculture and Ready Made Garments. He expressed this interest during a call on by Shahriar Alam

DHAKA: Banglalink, the second largest mobile telecom operator in Bangladesh, and DHL Global Forwarding Bangladesh, number one in the efficient co-ordination and movement of freight worldwide, has signed a corporate agreement recently.The deal signing ceremony was held at a city hotel,

FROM PARLIAMENT: The government has a total of Tk 195,000 crore foreign loans in the public sectors till June of fiscal year 2012-13.The government had paid Tk 1,571 crore as interest and Tk 8,185 crore as capital in the year.Finance Minister AMA Muhith made the disclosure while

DHAKA: National Board of Revenue (NBR) has moved for collecting revenues from the foreign artistes’ concerts and other functions inside Bangladesh.NBP sources said the main tax administration authorities have already sent a letter to the cultural affairs ministry on the matter.In

DHAKA: A four-day 15th Textech Bangladesh-2014 International Expo, largest of its kind in textile and apparel industry, has been kicked off at Bangabandhu International Conference Centre (BICC) Wednesday. Industries Minister Amir Hossain Amu inaugurated the festival in the noon which

DHAKA: Bangladesh Bank (BB) stands by the flood-affected people through directing other banks to raise their corporate social responsibility (CSR).The central bank, in this regard, on Tuesday asked 39 banks with a circular to extend their CSR activities for the people of flood-hit

DHAKA: Bangladesh has moved up one step to 109th in this year’s Global Competitiveness Index (GCI) among 144 countries, compared with last year’s 110th.According to the Global Competitiveness Report (GCR) released  on Wednesday, Switzerland topped the GCI, followed by Singapore.

DHAKA: Country's stock market marked gain in its price indices on Wednesday. The broad index of Dhaka Stock Exchange, DSEX, rose over 30 points only to stand at 4,632 at the close on the last trading day of the week.Trade deals stood at 131834 with volume of transactions at Tk 5,506

DHAKA: From now on, Toma Group, country’s one of the leading construction firms, will use Bashundhara cement, in its construction projects.In this regard, the organization signed a corporate agreement with Bashundhara Industrial Complex Limited, a concern of Bashundhara Group and

DHAKA: The World Bank (WB) wants to set up a deep sea port at Kutubdia apart from helping Bangladesh in the development of Chittagong Port.However, the WB will offer the Bangladesh government after they make a feasibility study in this regard.World Bank Country Director Johannes Zutt

DHAKA: Finance Minister AMA Muhith on Tuesday categorically said the government would change the rules in appointing director of Grameen Bank (GB).The finance minister made the disclosure while talking to journalists in response to a query at his secretariat office.Muhith said the

SYLHET: Bashundhara Cement is going to be the country’s top brand cement with the love of its sellers and users.Therefore, retailers of the cement called upon the authorities concerned to uphold the quality in keeping the trust of all.The retailers made the plea at a view exchange

DHAKA: Governor of Bangladesh Bank Dr Atiur Rahman on Tuesday said that they have been working to transform country’s central bank into a world class one. “We already have adopted a Strategic Action Plan from 2015 to 2019,” he also said. Governor made the observations in a press

DHAKA: For the first time, Singapore’s pioneer of casual Western seafood dining “Fish & Co” is all-set to open its outlet in Bangladesh. The famous international chain shop is ready open its first outlet at Gulshan-1 area in the capital Dhaka on Tuesday. Those who have a special