The commerce minister, Ghulam Muhammed Quader, on Saturday said that Bangladesh was not ready to give India transit now considering the dilapidated condition of roads in Bangladesh.
‘We are in discussion with India about transit.Full story
Business leaders on Saturday demanded the government set up a separate industrial park for the light engineering sector and allocate special space in the economic zones to promote industrialisation and...Full story
Dhaka stocks plunged last week, extending the slide for the second week, amid investors’ protests against free fall in share prices on legal battle worries and the finance minister’s remarks about the market, market...Full story
Finance minister AMA Muhith on Saturday stressed the need for planned development of the housing sector in the country and asked the Bangladesh House Building Finance Corporation to carry out their activities...Full story
Acting Pakistan High Commissioner to Bangladesh Afzaal Mahmood on Saturday said that Pakistan could become a vital market for Bangladeshi ceramics and pharmaceuticals. At a meeting with the leaders...Full story
building technology and ideas ltd has launched ‘GO-Group OwnershipTM’ — an opportunity to acquire real estate with a limited capital and to be assured of substantial rewards at the same time.Full story
The European Central Bank is to start accepting a wider range of collateral in its lending operations and assets of a lower quality, it said on Friday, its second such move in six months to neutralise growing funding...Full story
Italian state auditors are investigating whether downgrades of Italy by the three major rating agencies last year hurt the debt-laden country’s finances by making it accelerate austerity measures that have deepened...Full story
N Janakiram Raju has recently been appointed managing director of BASF Bangladesh Ltd. He succeeded Saria Sadique, who took the role of business director - automotive, BASF Corporation Engineering Plastics...Full story
Toyota Motor Corp said it would transfer its Yaris compact car production for North America to France from Japan in May next year, marking the first time the company will export cars from Europe to that market.Full story
Any chance of US markets enjoying a rally last week were torpedoed by warnings about weaker US growth and a sweeping indictment of the world’s largest banks. The Dow Jones Industrial Average ended the five...Full story
MJL Bangladesh Limited (formerly Mobil Jamuna Lubricants Limited) is the joint venture company between state-owned Jamuna Oil Company and EC Securities Limited (subsidiary of the East Coast Group).Full story
Commodity prices slumped last week, with Brent oil crashing to 18-month lows and metals tumbling, as more dark clouds appeared over an already troubled global economy. Brent crude oil dropped under $90 a...Full story
German chancellor Angela Merkel resisted pressure on Friday for common eurozone bonds or a more flexible use of Europe’s rescue funds but agreed with leaders of France, Italy and Spain on a 130 billion euros package to revive growth.Full story
The euro will survive even if Spain were cut off from capital markets, European Central Bank policymaker Ewald Nowotny said, adding the currency was in solid shape despite financial problems in some member...Full story
Major ratings downgrades by Moody’s will further divide the world’s biggest banks based on their strength and access to cheap customer deposits. The ratings, released Thursday by Moody’s Investors Service...Full story
A US judge on Friday ruled that Apple Inc could not pursue an injunction against Google’s Motorola Mobility unit, effectively ending a key case for the iPhone maker in the smartphone patent wars.Full story
India will unveil measures on Monday to arrest the slide of its currency, finance minister Pranab Mukherjee said on Saturday, a day after the rupee hit a new record low against the dollar.Full story