DHAKA: Former Nokia chief executive Stephen Elop received a bigger-than-expected pay-off as the firm finalised the sale of it handset business to Microsoft. Elop got 24.2m euros ($33.5m; £20m) - 30% more than the initial figure. A large part of that was awarded in Nokia shares, which

DHAKA: The Formalin Control Act-2013 will be passed in the next budget session of the parliament on June. Law Minister Anisul Haque came up with the observation while addressing a discussion on implementation of the Formalin Control Act-2013 organized by Federation of Bangladesh Chambers

DHAKA: India’s largest telecom operator Bharti Airtel Thursday said it will continue to cut discounted minutes and may raise tariffs to meet rising costs. ‘I think we will continue to see an opportunity to raise voice realisation through continued cut back of discounted minutes... We

DHAKA: Five companies enlisted to Dhaka Stock Exchange (DSE) will pay dividends to its shareholders as per the decisions of their boards of directors. The companies include Khulna Power Company Limited (KPCL), Summit Power Limited, ACI Formulations Limited, JMI Syringe and Medical Device

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Wednesday. The key index of Dhaka Stock Exchange, DSEX, shed over zero point only to stand at 4,566 at the close on the fourth trading day of the week. Trade deals stood at 94,713 with volume of

DHAKA: bKash handed over Tk. 100,000 to Mushanna Jahan, the winner of the Facebook based photo competition named ‘bKash Smile Contest’. On behalf of bKash, Chief Commercial Officer Rezaul Hossain handed over the prize in a programme in the city. Asif Ahmed, Head of Marketing, bKash

DHAKA: Bangladesh Ambassador to USA Akramul Qader urged the expatriate business community to promote trade and investment in Bangladesh on the occasion of 10th Anniversary of Bangladesh Chamber of Commerce in Dallas, Texas. He came up with the assertion to the expatriate business

DHAKA: Air France plans to cancel an unspecified number of flights as the result of possible national strike action planned on May 3-30 by pilots union SNPL The airline said on Tuesday, reports The Straits Times. ‘This strike action is unusual both for its significance, lasting nearly

DHAKA: Airtel, one of the mobile phone operating companies in Bangladesh, is providing nothing but razzle-dazzle, ‘close but no cigar’ in the name of service to the consumers. The company has sold a large number of SIM cards across the country without setting up a network of its own.

DHAKA: Rajeev Suri, an Indian national, has been selected on Tuesday as the new Chief Executive Officer (CEO) of the world’s largest mobile-phone company Nokia, which is ready to become tagged as “Microsoft Mobile’ at any moment. The Times of India reports on the same day. It said

DHAKA: The government has signed a memorandum of understanding (MoU) with Malaysia to implement three projects, including a 13-km long flyover. The MoU was signed on Tuesday. Sources said Malaysia will construct a flyover from Santinagar to Mawa-Jhilmil project. Besides, several

DHAKA: Prime Minister Sheikh Hasina, also ruling Awami League president, on Tuesday sought more German cooperation for the development of Bangladesh. “The government is working relentlessly in ensuring better life for the people of Bangladesh. So, we seek more support of the German

DHAKA: Around 20,000 Cambodian garment workers have joined a strike to demand a US$50 bonus for shunning walkouts over the last three months, a union official said on Monday, in the latest labour dispute to rattle the kingdom's lucrative but troubled garment sector.   Workers at around

DHAKA: Bangladesh Unnayan Parishad (BUP) awarded a crest to Finance Minister AMA Muhith on occasion of his 80th birthday on Monday. The crest was awarded by BUP in its anniversary function at a conference room of Dhaka University’s Senate Bhaban. Muhith said BUP is working for last

DHAKA: Country’s stock market marked fall again in its price indices on Monday. The key index of Dhaka Stock Exchange, DSEX, shed over 41 points only to stand at 4,624 at the close on the second trading day of the week. Trade deals stood at 89,173 with volume of transactions at Tk

DHAKA: None would be allowed to establish any industrial factory in the capital, while the government would provide facilities to investors to setup factories outside Dhaka. Finance Minister AMA Muhith came up with the assertion while addressing a pre-budget conference at NEC Hall Room

DHAKA: Finance Minister AMA Muhith set a budget of Tk 250,000 crore for the fiscal year 2014-15 in the country. The amount of the budget was less than Tk 92,000-93,000 crore that was in five years back. The finance minister came up with the disclosure at NEC conference room-2 in a

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday. The DSE broad index shed over 36 points to stand at 4,666 at the close on the first trading day of the week. Trade deals stood at 87,412 with transaction at Tk 4,338 million. Of the

DHAKA: The 1st Annual General Meeting (AGM) of the shareholders of Midland Bank Ltd held at a city hotel on Saturday, said a press release.M Moniruzzaman Khandaker, Chairman of the bank presided over the meeting. The news release added that a number of directors and sponsors of the Bank

DHAKA: Executive Chairman of Board of Investment Bangladesh Dr Syed Abdus Samad revealed that Bangladesh has received Foreign Direct Investment (FDI) worth $ 1.78bn in 2013, registering 37.5% higher than 2012.      This was disclosed according to provisional figures compiled by the