MYANMAR: Myanmar would be a new business hub with an export prospect of several products like medicine, readymade garments, food, cement, brick, and rod.Bangladesh Ambassador in Myanmar Major General (retd) Anup Kumar Chakma came up with the hope while he was addressing an inauguration

DHAKA: Bangladeshi authorities need to make further improvements in factory safety and labor rights, an influential Democratic senator said Friday.A report released Friday by Sen. Robert Menendez of New Jersey, chairman of Senate Committee on Foreign Relations, said Bangladesh has yet to

DHAKA: Wal-Mart said about 10 of more than six-dozen Bangladesh garment factories failed safety checks in audits it commissioned.The retailer hired Bureau Veritas to check 200 factories it uses in Bangladesh after the April collapse of the Rana Plaza building killed more than 1100 people

DHAKA: According to the new pay scale, the workers of readymade garments will be paid minimum salary Tk 5,300 per month from December 1.Labour and Employment Minister Raziuddin Ahmed Razu came up with the assertion after a meeting with workers’ leaders on Thursday noon.He also said that

DHAKA: Gold edged lower on Tuesday as the US dollar recovered, retreating from a five-week high as investors started to factor in expectations that the United States Federal Reserve will maintain its stimulus measures well into early next year.The Fed begins a two-day policy meeting on

DHAKA: Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Kazi Akram Uddin Ahmed on Tuesday said two top leaders of Awami League and BNP should reach in consensus for the sake of country’s economy.The president of the organization came up with the assertion at

DHAKA: India’s new central bank governor hiked the key interest rate on Tuesday for a second month running, disregarding calls for lower borrowing costs as he remains focused on battling high inflation.After its monetary policy meeting in the financial capital Mumbai, the Reserve Bank

DHAKA: Singapore and Hong Kong rank the world’s best places to run a business, while mainland China remains far down the list, according to the World Bank’s annual competitiveness survey on Tuesday.The South-east Asian entrepots and finance centres topped the survey for the eighth

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over 27 points to stand at 3,989 at the close on the third trading day of the week.The volume of transactions stood Tk 3,915 million with

DHAKA: Bangladesh has been placed under a high-risk red-alert, potentially impacting the country`s tourism and overall travel to Asia. According to Tourism-Review.com, the growing political tensions in the small South Asian country, which is situated between India and the Republic of the

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Monday amid 60-hour nationwide hartal.The key index of Dhaka Stock Exchange, DSEX, rose over 42 points to stand at 3,951 at the close on the second trading day of the week.The volume of

DHAKA: The 55th meeting of the ‘Audit Committee of the Board of Directors of Standard Bank Ltd, a private commercial bank, held on Saturday.The meeting was held in the Board Room of Head Office of the bank, said a press release. The Audit Committee Chairman Sahazada Syed Nizamuddin

DHAKA: IFIC Bank, private commercial bank of the country handed over a cheque of Tk 10 Lakh to Biswashahitya Kendra on Sunday. The cheque was handed over in a ceremony at the Biswashahitya Kendra near Bangla Motor crossing in the capital. The money will be spent for decorating the

NARAYANGANJ: At least 20 people were injured as readymade garment workers staged protest centering workers’ job cut in Fatulla area of the district On Sunday.The Director of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Chairman of Labor Standing Committee GM

DHAKA: Grameenphone (GP), one of the leading mobile phone operators of the country, Saturday reported a 9.4 percent increase in revenues for the third quarter of 2013 against that in the same period a year ago.The company, which is listed on the Dhaka Stock Exchange, said in a press

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Sunday amid hartal.The key index of Dhaka Stock Exchange, DSEX, rose over 109 points to stand at 3,909 at the close on the first trading day of the week.The volume of transactions stood Tk 2,499

DHAKA: Nepal is to sign Dual Tax Avoidance Agreements (DTAA) with Bangladesh and Malaysia with an objective of freeing investors from the compulsion of paying taxes twice and thereby attracting foreign investment.Chief of Revenue Division of the Finance Ministry, Rajan Khanal said that

DHAKA: Loblaw announced on Thursday that it will provide long-term compensation to victims and their families in the Rana Plaza garment factory collapse in Savar, at the outskirt of Dhaka that killed more than 1,100 workers six months ago.The company will also pay three months` wages to

DHAKA: The sunny picture of the Bangladesh readymade garments sector has changed and the industry is now at crossroads—the time to act is now and cost of inaction could be high, the World Bank has said in its ‘Bangladesh Development Update-October 2013’. “The deadly incidents of

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Thursday.The Dhaka Stock Exchange Broad Index (DSEX) shed over 40 points to stand at 3,843 at 11:00am.Trade deals stood at 10,660 with volume of transactions at Tk 330 million.Of the