Finance / Banking

DHAKA, June 2 - Agrani Bank has made a partnership deal with a local private company to introduce an electronic card that will allow rural recipients to draw remittances in a faster way.

The state-owned bank has signed the contract with Cask Link, an electronic banking solutions leader, to design the "Probashi Remittance Card," which will enable family members of Bangladeshi migran more

Finance / Finance

June 2 - Car giant General Motors (GM) has filed for bankruptcy protection, marking the biggest failure of an industrial company in US history.

The widely expected move comes after GM had seen its losses widen following a steep fall in sales in recent years.

The move into bankruptcy protection has been backed by the US government, which is now expected to take a 60% stake in the more

General / Bangladesh

DHAKA, June 2 - The government has set the clock one hour ahead to save daylight time, effective from midnight on June 19.

The decision came at a cabinet meeting chaired by Prime Minister Sheikh Hasina on Monday.

Briefing reporters afterwards, the prime minister's Press Secretary Abul Kalam Azad said the clocks will be put forward to 1:00am at midnight that day so people more

General / Bangladesh

DHAKA, June 2 - Tanjim Ahmad Sohel Taj has reportedly stepped down as state minister for home affairs about five months into his appointment, said government sources.

Sohel Taj, son of country's first prime minister Tajuddin Ahmed and the youngest member of the cabinet, tendered his resignation to Prime Minister Sheikh Hasina on Monday.

The sources could not confirm whether the p more

General / Environment

DHAKA, June 2 - The government said it will not seek aid from the international community at the moment for rehabilitation of the people affected by the cyclone Aila.

The prime minister, Sheikh Hasina, told the cabinet meeting that the government could tackle the situation on it own with domestic resources and would rather seek foreign assistance in construction of embankments and s more

General / World News

June 2 - France and Brazil are searching waters deep in the Atlantic for an airliner carrying 228 passengers and crew which disappeared in a storm on Monday.

France believes there is little hope of finding survivors from among those aboard the Air France Airbus, which was flying from Rio de Janeiro to Paris.

An automatic report of a short circuit was the last communication it put more

General / World News

June 2 - Police in north-western Pakistan say several hundred students are missing in a tribal area near the Afghan border.

Unconfirmed reports from the Taliban stronghold of North Waziristan say the students, teachers and relatives may have been kidnapped by militants.

Further north, troops are tightening their hold on Mingora, the main town in the Swat valley, after retaking it more