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

DHAKA: Bangladesh Bank (BB) has prohibited loan disbursement in three branches of state-owned specialized Basic Bank after a day of sacking its managing director Kazi Fakhrul Islam over scam.Bangladesh Bank authorities said the prohibition order only for temporary basis.The branches are

DHAKA: The Anti-Corruption Commission (ACC) grilled Rajdhani Unnayan Kartipakkha (RAZUK) member (planning) Sheikh Abdul Mannan for the sake of probe into the case against Expatriates' Welfare Secretary Dr Khandaker Shawkat Hossain. ACC deputy director Jaton Kumar Roy, also Investigation

DHAKA: Three more coal-fired power plants will be awarded to Orion group at an exorbitant high rate. This will incur loss of the government to the tune of Tk 2,041 crore annually. Earlier, three power plants were awarded to this inexperienced local company. The rate mentioned in the new

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Monday. The broad index of Dhaka Stock Exchange, DSEX, rose over zero point to stand at 4,378 at the close on the second trading day of the week. Trade deals stood at 59,158 with transaction at Tk

DHAKA: Hindustan Motors, India’s oldest car maker, shut down its factory at Uttarpara in West Bengal, where it has been making the Ambassador, based on Britain’s long-defunct Morris Oxford, since 1957.‘Work has been suspended indefinitely at the Uttarpara factory. It is being done

DHAKA: The Parliamentary Standing Committee on Labour and Employment Ministry on Sunday finalized the appointment of 67 inspectors in ensuring the security to the readymade garment factories, said sources concerned.An additional secretary level official has also joined as the director

DHAKA: Managing Director of Basic Bank, one of the state-run banks in the country, Fakhrul Islam has been sacked on charge of massive irregularities and financial scam.Bangladesh Bank Governor Dr Atiur Rahman signed the order on Sunday.The order would be sent to the bank very soon, a

DHAKA: Bangladesh Association of Call Center & Outsourcing (BACCO) organized a day long training program on ‘Value Added Tax on Product & Service specialized for ITES industry’ Saturday.The program was supported by the ICT Business Promotion Council (IBPC), Ministry of Commerce as

DHAKA: If any official of Anti-corruption Commission (ACC) found involved in corruption, he will be dealt with ‘zero tolerance’. During an exclusive interview with Banglanews ACC chairman M Badiuzzaman expressed his firm position against corruption in this language. Meanwhile two

DHAKA: A launching ceremony of Textile Technology Business Center (TTBC) will be held at the Netherlands Embassy in city’s Gulshan area on Monday. Netherlands minister for foreign trade and development cooperation Lilianne Ploumen will inaugurate the TTBC as chief guest at 2:45pm on

DHAKA: Both the two bourses of the country witnessed mixed trend in share-price indices on Sunday. The key index of Dhaka Stock Exchange, DSEX, shed over five points to stand at 4,378 at the close on the first trading day of the week. Trade deals stood at 50,601 with transaction at Tk

DHAKA: Banglalink, country’s second largest mobile operator, signed a new Priyojon partnership agreement with Nando’s and Barista on Thursday at a press conference organized in Nando’s in city’s Gulshan.     Under the agreement, Banglalink Priyojon and Icon customers will be

DHAKA: Bangladesh Tourism Board (BTB) has been following the path shown by Bangladesh Tourism Corporation (BTC) for which failure the board was formed, industry insiders said. “The board is not being able to attain its goals...nothing happened in last few years excepting the

DHAKA: Bangladesh Bank (BB) Governor Dr. Atiur Rahman on Friday was elected as chairman of Asian Clearing Union (ACU), an international form of payment arrangement.  The declaration came from a board meeting of ACU held in Iran. Dr. Atiur Rahman confirmed to Banglanews about the

DHAKA: The Feed Industries Association Bangladesh (FIAB) on Thursday called for ‘immediate combing operation’ at the factories that manufacture poultry feed with toxic tannery in the city’s Hazaribagh area. FIAB leaders came up with the call at a special meeting, held at its office

DHAKA: Grameenphone (GP) Ltd and United Commercial Bank (UCB) signed an agreement on mobile banking at GP House in the capital on Thursday. Under this agreement, GP, country’s one of the largest mobile phone operators, will provide its clients ‘UCash’ services via Grameenphone's

BENAPOLE (JESSORE): The consignment supply of Benapole land port resumed after 22 hours of the products unloading at the port. Sources said local Jubo League leader Rashed, also a commissioner along with scores of his aides, blasted some cocktails in front of the house of Sharsha Upazila

DHAKA: The Thai unit of Honda Motor Co has cut production at its Ayutthaya plant to 60 per cent of capacity to reflect weak domestic demand, voicing concerns that sales may fall short of its target this year after months of political unrest. Thailand’s auto sector, South-east Asia's

DHAKA: The gala award ceremony of 14th PRAN National Pickle Competition-2013 arranged at Bangabandhu International Conference Centre in the capital on Thursday, said a press release.  Afrina Rahman from Dhaka won Tk 200,000 as her pickle was awarded as ‘Pickle of the year’.