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

DHAKA: Stock market regulatory authority Bangladesh Securities and Exchange Commission (BSEC) asked to update the Beneficiary Owner (BO) accounts to make an amendment to the Initial Public Offering (IPO) process.As per the amendment, BO account is mandatorily required to convert to

DHAKA: International Monetary Fund (IMF) said that Bangladesh has achieved a satisfactory level of progress in its total economy.The Executive Director of the organization Rakesh Mohon came up with the observation to the journalists after a meeting with the Finance Minister AMA Muhith at

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday.The DSE board index shed over 29 points to stand at 4,478 at the close on the first trading day of the week.Trade deals stood at 80,518 with transaction at Tk 2,777 million.    Of the

DHAKA: Mentioning environment of investment has improved in the country, Bangladesh Bank governor Dr Atiur Rahman urged foreign investors to invest in Bangladesh. He told banglanews Saturday morning after retuning from three-country visit from March 18.The governor said the uncertainty

DHAKA: The Vice-President of World Bank (South Asia) Philippe Le Houérou will come to visit Bangladesh on Friday.Local office sources of the World Bank said that the main objective of the visit is to strengthen the longstanding relationship between Bangladesh and World Bank.He also will

DHAKA: Country’s another drugs manufacturing company Labaid Pharmaceuticals Limited began its journey through a colorful ceremony at Bangabandhu International Conference Center in the city on Wednesday evening.A total of 19 different types of drugs produced by the company will available

DHAKA: Prime Minister Sheikh Hasina directed authorities concerned to make the Biman Bangladesh Airlines a profitable institution. She came up with the directives in an inaugural ceremony of Ranga Provat, the fourth Boeing 777-300ER for Biman, on Thursday. The premier, meanwhile, said,