DHAKA: German carmaker BMW is recalling 176,000 vehicles over a problem with the power brake system.The company says in rare cases an interruption in oil supply to a part can mean loss of power braking assist.The brakes will still work, but the driver would have to press harder on the

DHAKA: Executive Committee of the National Economic Council (ECNEC) has approved a project for constructing 1,148 flats for cleaners of Dhaka City Corporations.The approval came ECNEC meeting Tuesday at NEC conference room at capital’s Sher-e-Banglanagar with Prime Minister and ECNEC

DHAKA: International Finance Investment and Commerce Bank Limited (IFIC), the fastest growing bank of the country, has selected Misys BankFusion as its core banking platform, helping the bank respond rapidly to changes in the market and to accelerate the bank’s already impressive recent

DHAKA: Trade deficit in July, the first month of the current fiscal year ending in June 2014, slid by about 100 percent to 129 million US dollars compared to a year earlier, as merchandise exports clocked robust double-digit growth, said a central bank official Monday.The official, who

DHAKA: Managing Director of Rupali Bank, a state-run commercial bank, M Farid Uddin has been elected representative of Dhaka University Registered Graduates Senates Committee.He bagged highest votes among the candidates of Ganatantrik Oikya Parishad Panel.The polls, for 25 representatives

DHAKA: The National Board of Revenue (NBR) extended the deadline for submitting income tax returns for 2013-2014 FY by one month up to October 31. The NBR came up with the disclosure at a press briefing on Monday. In a statement, the board said that the extension came following the

DHAKA: The International Labour Organization (ILO) signed new agreements with the Netherlands, the UK and Canada aimed at improving conditions in Bangladeshi garment industry. The ILO, in partnership with the Governments of the Netherlands, the UK and Canada have launched an innovative

DHAKA: About 850 expatriate workers have been on strike in Yanbu for a week over the nonpayment of salaries by their employer, a Turkish construction company.A total of 700 workers are from India and Pakistan, with 150 hailing from Bangladesh, Nepal and Turkey. They claim they have not

DHAKA: Subscribers of cellular phone have started witnessing the experience of mobile broadband services, as Robi Axiata as the first private operator has opened its 3.5G network.  Customers plunged into the Robi’s Walk-In-Centres (WIC) in city’s Ghulsan and Muradpur in Chittagong to

SYLHET: Miscreants snatched Tk 90 lakh of BRAC Bank while an official of the bank were taking the money to Biswanath Branch from Banmdarbazar Branch in Lalabazar area of the city on Sunday. Additional Deputy Police Commissioner of the city M Ayub told banglanews that the money was

DHAKA: China launched a free trade zone in its commercial hub Shanghai on Sunday, state-media reported, with the project seen as a testing ground for much-needed reforms in the world`s second largest economy.The zone, which covers 29 square kilometres, ‘started operating Sunday’, the

DHAKA:  Investors witnessed minor fall in benchmark indices of the country`s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, shed over 44 points only to stand at 3,968 at the close on the first trading day of the week.Trade deals stood at 98,876 with volume of transactions

DHAKA: Sout Asia region is lacking 96 million of the 100 million trainees currently required to meet the requirements for continued economic growth, finds a new report “Skills development in South Asia: Trends in Afghanistan, Bangladesh, India, Nepal, Pakistan and Sri Lanka”.South

DHAKA: Prime Bank, a private commercial bank of the country, on Saturday awarded scholarship to 394 talents who are underprivileged. In this regard, an Award Giving Ceremony was organized at the LGED Auditorium in the city to handover the stipends of its ‘Education Support Programe’.

DHAKA: Private mobile phone operator Robi Axiata Limited launched third generation of mobile communication technology 3.5G in Dhaka and Chittagong Saturday. 3.5G will allow Robi’s customers to surf the Internet with speeds of more than three times faster than 2G technology.Robi 3.5G is

DHAKA: In an ambitious plan to double its fleet and rapidly expand its network, Biman Bangladesh today said it was aiming at operating to several Indian cities, up from two at present, and add flights to Kolkata in a few months.Biman, Bangladesh`s national carrier, plans to start double

DHAKA: Bangladesh started importing electricity from India on Friday morning aiming to improve the country’s power crisis situation. The 50-megawatt electricity will be added to the national grid till September 30 at TK 5 per unit.Sources said Prime Minister Sheikh Hasina and Indian PM

DHAKA: Around 87 EU retailers, who are signatories to the Accord on Fire and Building Safety in Bangladesh, would start inspecting the garment units from November this year. A delegation of the EU Accord visited Dhaka this week and shared its initial action plan with the representatives

DHAKA: The World Bank (WB) has been supporting the Bangladeshi government in strengthening the country’s efforts to better combat money laundering and the financing of terrorism.In a statement, WB on Thursday said that it is providing technical assistance to grant financing to improve

DHAKA: Grameen UNIQLO announces that it will open two new stores at Kakoli and Nayapaltan in the capital towards its vision of a nationwide chain.The latest launch follows on the opening of its first two stores in Bangladesh`s capital in mid-July. In the short span of four months, Grameen