DHAKA: Bangladesh Bank (BB) has recommended scrapping the Board of Directors (BoD) of Basic Bank Limited on charge of massive irregularities.The central bank governor Dr Atiur Rahman issued a letter to secretary of Banking and Financial Division in this regard.A copy of the letter also

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Thursday. The broad index of Dhaka Stock Exchange, DSEX, shed over zero point only to stand at 4430 at the close on the last trading day of the week. Trade deals stood at 70,435 with volume of

DHAKA: Trading on the country’s two bourses is underway showing mixed trend in share-price indices on Thursday. The Dhaka Stock Exchange (DSE) broad index rose over four points to stand at 4,435 at 11:25 am. Trade deals stood at 14,496 with transaction at Tk 551 million. Of the issues

DHAKA: A 3-day international tourism fair will begin at Bangabandhu International Conference Centre in Sher-e-Bangla Nagar area of the city on June 19. More than 150 stalls will be set up at the 4th Bangladesh International Tourism Fair (BITF) 2014. Travel Agents, Tour operators, hotels

DHAKA: Spain Foreign Minister José Manuel García-Margallo on Wednesday assured that his country would hold an event in 2014 to find out investment opportunities in Bangladesh’s rail sector. The assurance came after his Bangladesh counterpart AH Mahmood Ali urged Manuel to explore the

DHAKA: To further strengthen cultural ties between Bangladesh and China, Dhaka and Beijing on Wednesday signed a "Cultural Exchange Program (CEP)". Ranjit Kumar Biswas, secretary of Bangladesh's Cultural Affairs Ministry, and Li Jun, Chinese Ambassador to Bangladesh, signed the deal on

DHAKA: The mayor of Kobe (in Hyogo Prefecture), the sixth-largest city in Japan, Kizo Hishamoto said that entrepreneurs in Kobe were deeply interested to invest in large infrastructure projects in Bangladesh. The structures include water treatment plant, power plant,

DHAKA: HSBC Holdings has hired former Barclays banker Jason Rynbeck as its head of mergers and acquisitions for Asia-Pacific, according to people with direct knowledge of the matter. Rynbeck left Barclays on May 8, Reuters previously reported, amid a global shrinking of the lender's

DHAKA: India has set up a special task force to find illicit money, in one of the first decisions taken by the government of new prime minister Narendra Modi. The special investigation team (SIT) would seize ‘black money’, cash that has not been declared or taxed and is mostly

DHAKA: The Supreme Court on Wednesday stayed of HC’s stay order that prohibited the election of Real Estate and Housing Association of Bangladesh (REHAB) for three months. Chamber judge Justice Hasan Fayez Ahmed handed down the order following appeal against HC stay order and sent the

DHAKA: The Anti Corruption Commission is likely to submit charge-sheet with the court against 38 people including 16 officials of Prime Bank Limited for misappropriation of Tk 95 crore. The watchdog also recommended divisional punishment to 15 more officials of the bank in this regard. 

DHAKA: The Human Rights Watch said the Bangladesh government should make the reports on the findings of RMG factory safety inspections public.  “Reports should be published in Bangla as well as English so that they are accessible to workers,” it added. “Efforts to make the

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 15 points to stand at 4,430 at the close on the fourth trading day of the week. Trade deals stood at 71,366 with transaction at Tk

DHAKA: Prime Minister Sheikh Hasina announced to form a taskforce to make easy the process of business in Bangladesh for Japanese investors.  The premier made the proclamation Tuesday while addressing a seminar at the Headquarters of Japan External Trade Organization (JETRO) on

DHAKA: Prominent businessman Azam J. Chowdhury has been re-elected as Chairman of Prime Bank Limited (PBL) Board of Directors for next two years. The decision which came in a board meeting of the bank, would be effective from June 1. Azam is an elite industrialist and entrepreneur in

DHAKA: A joint statement was issued Tuesday on the outcome of the official visit of the prime minister of the people's republic of Bangladesh to Japan.   The statement reads as below: Joint Statement ON THE OUTCOME OF THE OFFICIAL VISIT OF THE PRIME MINISTER OF THE PEOPLE'S

DHAKA: Britain and Germany topped an annual ranking of foreign investment projects in Europe while France lagged behind though its numbers were on rise. A study showed on Tuesday, reports The Straits Times. Retaining its top position, Britain saw the number of foreign investment

DHAKA: A Dhaka court Tuesday fixed June 29 to issue arrest warrant order against Hall-Mark managing director Tanvir Ahmed and its chairman Jesmin Islam in a new case of Sonali Bank.   Dhaka's Money Loan Court-1 Justice Rabiuzzaman fixed the date following the loan default case. Earlier

DHAKA: Sonali Bank filed another case against Hall-Mark managing director Tanvir Ahmed and its chairman Jesmin Islam for a loan default of TK 450 crores. On behalf of Sonali Bank, Abdus Salam, executive officer of the bank’s Rupashi Bangla Branch, filed the case with Dhaka's Money Loan

DHAKA: Fazlus Sobhan, Senior Deputy Managing Director of Basic Bank Ltd, has been promoted to Managing Director as Fakhrul Islam was sacked on charge of massive irregularities and financial scam. The decision came from an urgent meeting of the board of director on Monday.  Sobhan