Butterfly accused of evading Tk 82.82cr customs duty

Butterfly Manufacturing Co Ltd has been accused of evading customs duty in connection with import of refrigerator parts. The company allegedly used the…

$ 37b export target likely to be set

The government is likely to set the country’s export target at $ 37 billion for the upcoming fiscal year (FY) 2016-17, officials at the commerce…

Gas price hike may affect business growth: DCCI

Dhaka Chamber of Commerce and Industry (DCCI) yesterday said the country’s RMG and other import substitute export-led industries may lose global market share and position due to enhanced production cost if gas price is hiked, reports UNB. “Any gas price hike may affect business growth,”…

Cabinet clears draft deal on Rooppur nuke plant

The Cabinet yesterday approved the draft of the inter-governmental state credit agreement to be signed between Bangladesh and Russia for constructing the Rooppur Nuclear Power Plant, reports UNB. The approval came from the regular weekly meeting of the Cabinet held at Jatiya Sangsad Bhaban with Prime…

Germany bans direct Bangladesh cargo flights

Staff reporter There is a new ban on direct cargo services from Bangladesh to any airport in Germany, with any flights required to be re-screened at a third-country airport after Australia and the UK, reports Aircargo. German authorities on Sunday informed the Civil Aviation Authority of Bangladesh…

BBIN expo begins on July 15 in Siliguri

A three day Bangladesh-Bhutan-India-Nepal (BBIN) Business Expo will begin on 15 July in Siliguri of India. Prior to the expo, BBIN business forum, investment forum to boost sub-regional cooperation which was launched in October-2015, will be inaugurated officially in Kolkata, said a press conference…

Businesses for keeping banks open July 2-4

Businessmen today demanded all scheduled commercial banks to remain open from July 2 to 4 ensuring safe deposit of their money during Eid holiday, reports UNB. The businessmen want to deposit their money in the banks before Eid as they feel it would be safe, Abdul Matlub Ahmad, president of Federation…

Japan hails inauguration of MRT, BRT works

Japan has greeted Bangla-desh for inaugurating the construction work on the first-ever metro rail service in the capital and the Bus Rapid Transit (BRT) from Hazrat Shahjalal Interna-tional Airport to Gazipur, reports UNB. Masato Watanabe, ambassador of Japan to Bangladesh, in a statement issued on…

Panama opens expanded canal to newer, bigger ships

AFP, PANAMA CITY: Panama on Sunday declared its century-old canal open to a new generation of supersized cargo ships after years of massive expansion…

Frugal Ramadan for Syria’s people

AFP, DAMASCUS: This Ramadan, a radio station in Syria’s capital Damascus presented cash-strapped listeners with a challenge: plan a meal to…

China steel giants plan merger in face of global glut

AFP, SHANGHAI: Two of China’s biggest steelmakers are planning to merge, they said, as the industry faces a global glut that has hammered producers…

Britain scrambles to contain Brexit turmoil

AFP, LONDON: Britain’s finance minister yesterday sought to calm markets after the country’s shock vote to leave the EU, and insisted…

Cabinet okays draft Telecom Policy

The Cabinet yesterday approved the draft of ‘The National Telecommunications Policy, 2016’ aimed at boosting teledensity, internet penetration and expanding broadband facility, reports UNB. The approval came from the regular weekly meeting of the Cabinet held at the Jatiya Sangsad Bhaban…

Stocks end with upward trend

Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) ended yesterday with upward trend in price indices and market activities, reports BSS DSEX - the broader index of DSE - gained 32.60 points to finish the day at 4412.83 which were 1.24 points down at 4380.22 on Sunday. The blue-chip DS30…

Mustafa Jabbar elected new BASIS president

Mustafa Jabbar has been elected as the president of Bangladesh Association of Software and Information Services (BASIS) for 2016-2019 tenure, a press…

Brexit batters commodities

AFP, PARIS: Most commodity prices were sent tumbling on Friday following a surprise British vote to leave the European Union, but gold benefitted from a flight to safety. With the vote clouding global growth prospects, a sell-off swept commodities. Oil prices were hit particularly hard as the dollar…

GP reaches 10,000 3G sites

Grameenphone reached the milestone of 10 thousand 3G sites at 10,000 locations across the country offering 3G coverage to around 90 per cent of the population, reports BSS. State Minister of posts and telecommunications Tarana Halim on Sunday inaugurated the 10,000th 3G site at a celebration ceremony…