Wednesday, 20 Nov, 2024

Business

BRAC Bank deals with Sanmar Properties Ltd

DHAKA: BRAC Bank Limited has signed a Retail Banking Service agreement with Sanmar Properties Limited, a well-known real estate developer company in Chittagong.   BRAC Bank retail sales head Kyser Hamid and Sanmar Properties Limited Senior executive director Shahriar Chowdhury signed

WTO cuts trade forecast by a third

DHAKA: The World Trade Organization (WTO) has cut its forecast for global trade growth this year by more than a third. The new figure of 1.7%, down from its April estimate of 2.8%, would be the slowest pace of trade and output growth since the 2009 financial crisis. It is also the

Bashundhara edible oil project begins

DHAKA: Bashundhara Multi Food Products Limited, a concern of country’s largest business conglomerate Bashundhara Group, has formally started its journey in implementing the project of edible oil refinery unit. Bashundhara Group vice-chairman Safwan Sobhan inaugurated the ‘Kick of

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 Tuesday (September 27), the third trading session of the week. The key index of Dhaka Stock Exchange, DSEX,

Opec plans fresh oil price talks

DHAKA: Oil producers in the Opec group of countries will make another attempt this week to reverse a slump in crude prices. Algeria’s energy minister said, reports the BBC. Noureddine Bouterfa said there would be an informal gathering of Opec members on the sidelines of an energy

Bangladesh RMG factories meet intl standards

DHAKA: Bangladesh has made significant progress in making sure that its garment industry achieves compliance with international standards. It was stated by Dr. Mashiur Rahman, Prime Minister's Economic Adviser, while delivering the keynote address at the 3rd annual international

Bourses see gain Monday

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain on Monday (September 26), the second trading day of the week. The key index of Dhaka Stock Exchange, DSEX, gained over 10.55 points and 0.22

‘China slowdown biggest economic threat’

DHAKA: The former chief economist of the International Monetary Fund has told the BBC a slowdown in China is the greatest threat to the global economy. Ken Rogoff said a calamitous “hard landing” for one of the main engines of global growth could not be ruled out. “China is

Asian Tourism Fair begins at ICCB Sep 29

DHAKA: The three-day 5th Asian Tourism Fair (ATF, Dhaka) is scheduled to be held at International Convention City, Bashundhara (ICCB) in the capital city of Bangladesh from September 29 to mark the Tourism Year and World Tourism Day (September 27). More than hundred hotel, motel and

Bourses witness loss Sunday

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed loss in share price indices on Sunday (September 25), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 6.87 points

Bourses see loss at opening

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed loss in share price indices at the opening hours on Sunday (September 25), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

Wedding fest at The Westin Dhaka

DHAKA: Right before the wedding season, The Westin Dhaka in association with event management agency, Festivity, will organize Wedding Festival 2016 with the view to showcase all the premium wedding related brands under one roof. The glamorous two-day event is scheduled to be held at

China foreign investment at record high

DHAKA: For the first time, Chinese companies have invested more abroad than foreign companies have invested in China, data for 2015 showed this week. Overseas investment rose 18.3% to a record $145bn, compared to $135.6bn of foreign investment, reports the BBC. It comes as China’s

Bourses ends week with gain

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in share prices indices on Thursday (September 22), the last trading day of the week. DSEX, the prime index of DSE, gained over 5.20 points or 0.11 percent to

Volkswagen facing over $9b lawsuits

DHAKA: Volkswagen is facing €8.2bn ($9.1bn) in damages claims from 1,400 German investors over its emissions scandal. A state court has said, reports the BBC. The regional court in Braunschweig near VW’s Wolfsburg headquarters said it received 750 lawsuits on Monday alone. A

BB heist money return in 3-4 months

DHAKA: Bangladesh finance minister AMA Muhith on Wednesday (September 21) hoped the money heisted from Bangladesh Bank (BB) reserve would be returned within three or four months. He further said a case in this regard is underway in a court of Philippines. The minister was talking to

Bourses see inflation 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 21), fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 21.01

Japan alters policy to spur growth

DHAKA: The Bank of Japan has made changes to its stimulus program, in its latest attempt to spur economic growth. The bank kept interest rates unchanged, but said it would aim to keep yields on 10-year government bonds at around current levels of zero percent. The BoJ is also aiming

BB heist probe report not to be published Sep 22

DHAKA: The investigation report of Bangladesh Bank (BB) reserve heist will not be published on Thursday (September 22). The publication of the report requires more time. Finance minister AMA Muhith disclosed the matter to journalists on Wednesday (September 21). He further said:

Bourses see gain in early hours

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in share price indices in the early hours on Wednesday (September 21). DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 15.14 points or 0.32