DHAKA: The report on fulfilling conditions for regaining Generalized System of Privilege (GSP) has been sent to United States.Commerce Minister Tofail Ahmed made the disclosure while talking to journalist at his secretariat office on Tuesday noon.The US government imposed some conditions

DHAKA: Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, an industry report said, indicating a big a slice of imports has been used to raise funds due to tight credit conditions, rather than to meet consumer demand.The financing-related buying in the

DHAKA: Due to technical problem, Sunday’s trading in the Dhaka Stock Exchange (DSE) has been halted for about two hours. Trading at DSE resumed at 1:15 PM and the closing time of trading will be notified later.BDST: 1320 HRS, APR 13, 2014

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday.The DSE broad index shed over 19 points to stand at 4,573 at the close on the first trading day of the week.Trade deals stood at 45,181 with transaction at Tk 2,242 million.    Of the

DHAKA: Bangladesh received foreign exchange remittances worth $14 billion in 2013 from its migratory workforce to retain the 8th spot in the world.Top ten global remittances recipient nations are India ( $70 billion) China ($60 billion), the Philippines ($25 billion), Mexico ($22

DHAKA: The government has signed a landmark agreement with the International Maritime Organization (IMO) to work together to improve safety and environmental standards in the country’s ship-recycling industry.A Memorandum of Understanding formalizing the cooperation between the two was

DHAKA: The government has extended the contract tenure of Chairman and Commissioners of Bangladesh Securities and Exchange Commission (BSEC) to four years from their joining date.Ministry of Public Administration issued separate notifications regarding the matter on Thursday. According

DHAKA: Canada’s public broadcaster announced Thursday US$119 million in cuts and the elimination of 657 network sports and news positions over the next two years.The move aims to turn the Canadian Broadcasting Corporation (CBC) into ‘a smaller, more nimble and more open public

DHAKA: German carmaker BMW said it would voluntarily recall more than 156,000 vehicles in the United States, including its popular 3 Series compact sedan, to check for potentially defective bolts that could lead to engine damage.BMW said it would check whether bolts holding a certain

DHAKA: Global trade unions IndustriALL and UNI and labour rights network Clean Clothes Campaign launched a new effort on Thursday to push Western brands to pay into a compensation fund for victims of the Rana Plaza collapse that killed more than 1,100 people.In a joint statement they said

DHAKA: Foreign exchange has crossed the $20 billion mark for the first time in history, riding on buoyant remittance inflows, moderate exports and declining import payments.Bangladesh Bank (BB) showed the data on Thursday.In December last year, the reserves crossed $18 billion with the

DHAKA: The World Bank is finalizing plans to lend Bangladesh a total of $2.7 billion for investment purpose, its president Jim Young Kim said.“...through the (proposed) $2.7 billion of new lending, we hope to again, just engage very directly with the government and with all of the other

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Thursday.The key index of Dhaka Stock Exchange, DSEX, shed over one point to stand at 4,592 at the close on the last trading day of the week.Trade deals stood at 86,400 with transaction at Tk 4,208

DHAKA:  World Bank, in a report on Wednesday, said due to not getting expected amount of investment, less power generation in old plants, short of gas and no chance to give up the quick rentals are leading Bangladesh to increase power price. To come out of these problems, World Bank made

DHAKA: Japanese carmaker Toyota is recalling 6.4 million vehicles globally due to five separate issues.Some 3.5 million vehicles are being recalled to replace a spiral cable attached to the driver`s side airbag.It may be damaged when the steering wheel is turned and result in the airbag

DHAKA: Bangladesh economic activities recovered in the second half of FY14, driven by resilient exports and domestic demand, following setbacks suffered in the first half due to political uncertainty and

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over seven points to stand at 4,594 at the close on the fourth trading day of the week.Trade deals stood at 87,120 with transaction at Tk

DHAKA: Finance Minister AMA Muhith on Tuesday categorically said the budgetary allocation for the much-talked-about Padma Bridge would not increase in current fiscal year.The finance minister came up with the assertion while addressing a conference of planning commission at the National

DHAKA: Russian natural gas producer Gazprom said on Tuesday Ukraine had failed to pay for its March gas supplies on time but did not say whether the company would take any action against Kiev.‘They haven’t paid for March,’ a spokesman said, confirming that Ukraine’s total debt of

DHAKA: The President of the International Trade Union Confederation (ITUC) and Chairman of the Confederation of German Trade Unions Michael Sommer visited Bangladesh from April 6–9 to learn about the current situation and the perspectives of the labour movement in Bangladesh. With the