Business

Electric short circuit causes BB fire: Finance Minister

Business Live:  Finance Minister AMA Muhith today said the cause of the recent fire incident in Bangladesh Bank (BB) headquarters was an electric short circuit. "No important damage has been caused in the fire incident," he told journalists after a meeting on 'recovery of BB reserve heist money' with BB officials at the finance ministry. The fire originated on the 13th floor of central... details

How startup couples manage business and love…

Desk Live: Two unicorns recently hit a rocky patch when their co-founders' marriage went sour. But there are many who are living their startup dream together. Sunday Times spoke to some couple-preneurs on how they make the work-life merger work. Mehak and Anand Shahani first met in 2007 while interning for the same company . They fell in love and got married in 2012.... details

‘Militants getting funds through banking system’

Live Correspondent: Anti-Corruption Commission Chairman Iqbal Mahmood has said that militancy funding is taking place in the country through both banking channels and illegal channel(Hundi) and added that the commission is working to develop a system to prevent financing in militancy. “It is quite impossible to stop ‘militant financing’ by going to every individual and that’s why the... details

SC clears way for FBCCI polls

Business Live: The Supreme Court has allowed the authorities concerned to continue the process for holding the FBCCI election until further notice. Chamber Judge of the Appellate Division Justice Syed Mahmud Hossain passed the order following a petition filed by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) seeking stay on the High Court order that had halted the... details

Bangladesh-India working to cut trade deficit: Industries Minister

Business Live: Industries Minister Amir Hossain Amu said Bangladesh and India is working with sincerity to narrow the existing trade deficit. “Bangladesh is setting up special economic zones and Indian businessmen can avail this opportunity which would also help cut existing bilateral trade deficit,” he added.The minister was addressing the opening ceremony for marketing of... details

Muhith for forming banking commission

Live Correspondent: Finance Minister AMA Muhith today underscored the need for constituting a banking commission to look into different problems in the banking sector. "I can't take any decision about the constitution of banking commission till now. Yes, I most certainly consider something about it soon," he told journalists after a pre-budget meeting with economists and professionals at the... details

BGMEA seeksr 3-yrs to relocate from Hatirjheel

  Live Correspondent: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday requestion for three years’ time to relocate from 15-storey BGMEA Complex located in Hatirjheel lake in Dhaka, which was ordered to be demolished. The petition was filed today and might be heard at the Supreme Court tomorrow, Barrister Imtiaz Moinul Islam, a lawyer for BGMEA... details

‘Tk 24,596.41-cr earned from mobile phone companies’

Sangsad Live: State Minister for Post and Telecommunications Begum Tarana Halim today said the government has earned Taka 24,596.41 crore in revenue from the country's six mobile phone companies from January 1, 2000 to June 30, 2016. "We have a target of earning Taka 1,582.89 crore in revenue from mobile phone companies during the 2016-17 fiscal year," she said while replying to a tabled... details

‘Govt working relentlessly to promote trade, business’

  Rangpur Live: Officials of the Ministry of Commerce at a meeting here have said the present government has been working relentlessly to promote international trade and business for economic advancement of the nation. They disclosed the information at the views-sharing meeting organised by Rangpur Chamber of Commerce and Industry (RCCI) at its auditorium in the city with Additional... details

Dhaka urges Trump admin for free access

Business Live: Dhaka on Tuesday renewed its request to the new administration of US President Donald J. Trump to consider 'Duty Free Quota Free' (DFQF) access to the US market. Bangladesh Ambassador to the United States Mohammad Ziauddin made the request during a meeting with US Republican Senator Roger Wicker in Washington D.C, according to an official release received here today. Senator... details

‘Export earnings to exceed $60bn in 2021’

Business Live: Four-day long 3 international sourcing trade shows on RMG industry with participation of around 400 companies from more than 24 countries began yesterday (18 January, 2017, Wednesday) at International Convention City, Bashundhara (ICCB) in a bid to making apparel industry more developed. Tofail Ahmed, M.P., Hon’ble Minister for Commerce, Govt. of People’s Republic of... details

Int’l RMG expo from Jan 18

Business Live: Four day international sourcing trade shows on Ready Made Garment (RMG) industry will begin on January 18 in the city. Commerce Minister Tofail Ahmed will inaugurate the tradeshows as the chief guest while Dhaka North City Corporation (DNCC) Mayor Annisul Huq will be the Special Guest, said a press release. Zakaria Trade and Fair International, ASK Trade and Exhibitions... details

Govt to continue supporting development of stock market

Live Correspondent: Prime Minister Sheikh Hasina inaugurated the countrywide "Financial Literacy Programme" for the stock market investors, the first of its kind in Bangladesh, assuring that her government would continue its allout support for the development of the stock market. "The present government would continue its allout support for the development of the stock market which would... details