DHAKA: The number of Americans applying for unemployment benefits fell 21,000 to a seasonally adjusted 323,000 last week, the lowest since late September and further evidence of an improving job market.The Labor Department said Thursday that the less volatile four-week average fell for

DHAKA: China and the European Union began talks on a landmark investment agreement on Thursday, the EU’s president said, a positive move amid lingering trade tensions between the two sides.‘We have made a substantial step forward today by launching negotiations on an investment

DHAKA: The European Investment Bank on Wednesday announced that it has agreed to provide 82 million Euro to the Government of Bangladesh to support more efficient power generation in the country and reductions in emissions. The project will have important climate change benefits in a

DHAKA: Japanese auto giant Honda said on Thursday that it would roll out a new commercial fuel-cell vehicle (FCEV) in 2015, a day after rival Toyota promised a similar offering as competition in the green car sector heats up.Honda made the announcement at the Tokyo Motor Show where

DHAKA: The Wage Board on Thursday finalized the decision of minimum wage Tk5,300 for readymade garments workers at entry-level but the worker’s demand to increase basic salary was ignored.    The decision was come up through the meeting with wage board members, garments owners and

SAVAR, DHAKA: Workers of Readymade Garment factories in Ashulia area joined their work from Thursday morning after couple of days’ protest demanding salary hike. No violent incident was reported as production is underway peacefully in garment units of Baipail, Jamgora, Shimultola,

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, shed over 43 points to stand at 4,395 at the close on the last trading day of the week.Trade deals stood at 173,910 with transaction at Tk 7,281

DHAKA: Japanese carmaker Toyota has said it is looking to start commercial sales of fuel cell-powered cars by 2015.Toyota set the target as it unveiled a concept fuel cell powered car, called the FCV, at the Tokyo Motor Show.Its cells can be recharged within minutes and it can cover about

DHAKA: The readymade garments factories owners and leaders of workers held a meeting on Wednesday night to find out a way to resolve the ongoing unrest in the sector.With Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Atikul Islam in the chair, the meeting

DHAKA: IFIC Bank, a leading private commercial bank of the country, organized a workshop on ‘Small and Medium Entrepreneur (SME) and Agricultural Financing’ recently at the bank’s Training Institute.Muhammad Mustafa Haikal Hashmi, Deputy Managing Director & Chief Risk Officer (CRO)

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 58 points to stand at 4,439 at the close on the fourth trading day of the week.Trade deals stood at 196,510 with transaction at Tk 8,890

GAZIPUR: Thousands of workers started working again in several readymade garment factories in Konabari-Kashimpur area in the district from Wednesday morning amid tight security.Regarding the situation, Sub-Inspector Saiful Islam of Kashimpur outpost told banglanews, “A good number of

NEW YORK: Bangladesh made tremendous success in economy and development though political gridlock keeps shadow in the achievement, Nobel Laureate Dr Muhammad Yunus asserted.The eminent economist made the comment while addressing a reception event organized by New York’s Probashi Nagorik

DHAKA: The Ministry for Labor and Employment affairs convened an urgent meeting with workers’ leaders of readymade garments industries to fix next steps to resolve the ongoing unrest in the sector.The meeting will be held at the conference room of the ministry at secretariat around

DHAKA: The world renowned retailer Wal-Mart Stores Inc. said that the environment of readymade garments factories of Bangladesh has been developed comparatively than the earlier.On behalf of Wal-Mart, Bureau Veritas made the report after conducting survey on 75 factories in

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 57 points to stand at 4,439 at 11:55 am.Trade deals stood at 66,709 with transaction at Tk 2,876 million.Of the issues traded,

DHAKA: Kuwait’s emir Sheikh Sabah al-Ahmad Al-Sabah opened the third Africa-Arab summit Tuesday by pledging US$2 billion in low-interest loans and investments to African states.Arab and African leaders gathered for the two-day summit in Kuwait City to review steps to promote economic

DHAKA: State Minister for Home Affairs Ministry on Tuesday categorically said the law enforcement agency would take stern action against the miscreants involved in vandalism and sabotage in readymade garment sector.He also said the police administration has already been given directives

DHAKA: Leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) are holding an urgent meeting with Home Minister MK Alamgir and higher authorities of Labor Ministry and officers of intelligence agencies on Tuesday noon.   The meeting started at around 12:30pm at

DHAKA: Investors witnessed gain in the benchmark indices of the country`s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over 101 points to stand at 4,381 at the close on the third trading day of the week.Trade deals stood at 189,254 with transaction at Tk 7,879