Wednesday, 20 Nov, 2024

Business

Markets see gain at opening hours

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in the opening hours on Monday (October 3), the second trading session of the week. The key index of Dhaka Stock Exchange, DSEX, gained over

Markets see deflation Sunday

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed loss on Sunday (October 2), the first trading session of the week. The key index of Dhaka Stock Exchange, DSEX, shed over 4.25 points and 0.09

EBL-Robintex payroll banking agreement exchanged

DHAKA: A program of payroll banking agreement exchange between Eastern Bank Limited (EBL) and Robintex was held in Dhaka recently. EBL Consumer Banking head Nazeem A Choudhury and Robintex (Bangladesh) Ltd director and also Comptex Bangladesh Ltd managing director Robin Rozon Sakhawat

Markets see loss at opening hours

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing deflation in the opening hours on Sunday (October 2), the first trading session of the week. The key index of Dhaka Stock Exchange, DSEX,

India tax evasion amnesty uncovers hidden billions

DHAKA: A tax evasion amnesty in India has prompted tens of thousands of people to declare more than $9.5bn in undeclared income and assets. Finance minister Arun Jaitley said the four-month window that ended on Friday brought in 64,275 declarations. All were offered immunity from

Arabian buffet prize given at Ctg Radisson

CHITTAGONG: The much-anticipated Arabian Themed Buffet prize giving ceremony commenced with much fanfare at Radisson Blu Chittagong Bay View on Saturday (October 1) with prominent guests swarming the lobby. Robin Edwards, General Manager and Takhrin Khan, Assistant Manager Public

India joblessness at 5-year high

DHAKA: Joblessness in India is running at a five-year high of 5% of the 15-plus-years work force. Over a third of working people are employed for less than a year and 68% of households are earning up to only Rs 10,000 per month, according to a new employment-unemployment (EU) survey

Parliamentary committee meets on the draft EPZ law

DHAKA: The Parliamentary Standing Committee on the Ministry of Law, Justice and Parliamentary Affairs held a meeting on the draft EPZ labour act on Thursday (September 29). The meeting listened observations on the draft law from the representatives of investors, workers’

Strike postponed at Ctg port

CHITTAGONG: Prime mover owners and workers oikya parishad on Friday postponed their strike in Chittagong Port until October 4 after Chittagong Metropolitan Police commissioner assured them of taking actions against alleged harassment of workers. The meeting was held at CMP commissioner

Markets see gain on Thursday

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in on Thursday (September 29), the last trading session of the week. The key index of Dhaka Stock Exchange, DSEX, gained over 4.55 points

Samsung washing machines explode

DHAKA: Samsung has confirmed it is in talks with US consumer watchdogs after a lawsuit against the firm over “exploding” washing machines. The Consumer Product Safety Commission (CPSC) warned of problems with some of Samsung’s top-load machines. It comes as a US law firm filed

Marriott expands 30 leading hotel brands portfolio

DHAKA: Dilip Madhok, General Manager of The Westin Dhaka, celebrated with associates and guests Marriott International’s successful completion of the acquisition of Starwood Hotels & Resorts Worldwide, Inc., creating the world’s largest hotel company. The celebrations took place at

Markets see gain at opening hours

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in the opening hours on Thursday (September 29), the last trading session of the week. The key index of Dhaka Stock Exchange, DSEX,

Oil rallies after Opec ministers announce output cut

DHAKA: The oil producers’ cartel Opec has agreed a preliminary deal to cut production for the first time in eight years, sending crude prices surging. The major oil exporting nations struck the deal at talks in Algeria on Wednesday (September 28) to ease fears of oversupply.

American UM Int’l manufactures Runner bike

DHAKA: Bangladesh’s leading Motorcycle Manufacturer Runner Group took another leap ahead by signing a collaboration agreement with American Company UM International LLC to manufacture UM-Runner branded motorcycles. Under the collaborative agreement, Runner would produce these UM

Bourses see up Wednesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Wednesday (September 28). DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 12.94 points or 0.27 percent to stand at 4920.96

ADB gives $1.5bn for rail sector dev

DHAKA: The Asian Development Bank (ADB) will provide $1.5 billion to Bangladesh to build a dual-gauge railway line to facilitate key trade and tourism to the southern parts of Bangladesh.  The new railway, part of the Trans-Asia Railway network, will also improve access to Myanmar and

Bangladesh one step up in Global Competitiveness index

DHAKA: Bangladesh has been ranked 106th, one step up than the previous year, among 138 countries in the Global Competitiveness index. The Global Competitiveness Report 2016–2017, published by World Economic Forum on September 27 (Tuesday) disclosed the matter. Center for Policy

Walton receives huge customers’ response

DHAKA: Walton is now securing the apex position in the sales of fridges, air conditioners, mobile phone sets, televisions and other home and kitchen appliances. WSMS Head M Neamul Haque said this in a press release on Tuesday (September 27) adding that the customers kept their faith on

Bourses witness loss Tuesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss of share prices indices on Tuesday (September 27). DSEX, the prime index of DSE, shed over 6.30 points or 0.13 percent to stand at 4677.68 points at the end of