Wednesday, 20 Nov, 2024

Business

Bangladesh seeks FTA with Turkey

DHAKA: Bangladesh has sought Free Trade Agreement (FTA) with Turkey and alleviation of terms to increase the export volume in the country. Commerce minister Tofail Ahmed made the demand to Turkey ambassador to Dhaka Devrim Öztürk in a meeting at secretariat in Dhaka on Tuesday

Bourses witness gain Tuesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Tuesday (September 20). DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 12.95 points or 0.28 percent to stand at 4639.13

Philippine asked to return recovered money to Bangladesh

DHAKA: A Philippine court has ordered the country’s central bank to return a recovered portion of the stolen $81 million to Bangladesh central bank. A government lawyer said on Monday, reports sharenet.co.za. According to the report, the court has declared Bangladesh as the

Bourses see gain Monday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Monday (September 19). DSEX, the prime index of Dhaka Stock Exchange, rose over 2.19 points or 0.04 percent to stand at 4626.17 at the

Edison Group agreement for land dev

DHAKA: Edison Properties Ltd. recently signed a deal with Anika Farzana Chowdhury, the owner of the land, for a joint venture project at Gulshan North Avenue in Dhaka. A commercial/apartment building with all modern facilities will be constructed at Plot-2B, Gulshan North Avenue.

Benapole land port resumes operation

BENAPOLE (JESSORE): Export import activities between Benapole land port in Jessore and India’s Petrapole resumed Sunday morning (September 18) after six days of Eid-al-Azha vacation. Benapole check-post customs cargo department duty officer Amit Baran Das told Banglanews that the

China business confidence rises again

DHAKA: Confidence among Chinese entrepreneurs has picked up for the second quarter running, according to the country’s central bank. People’s Bank of China surveys showed the business confidence index rising to 51.2% in the third quarter, reports the BBC. That was 2.2 percentage

BB reserve-heist report release on Sept 22

DHAKA: Finance minister Abul Maal Abdul Muhith said that the report of Bangladesh Bank (BB) reserve heist will be published on website on September 22. He made the disclosure at a program in city on Sunday (18). Earlier in August, the minister said that the BB reserve hacking report

BRAC bank pens accord with Jumairah Holding

DHAKA: BRAC Bank has penned an agreement with Chittagong’s prominent real estate company Jumairah Holdings. A press release from the bank confirmed the agreement on Sunday (September 18). Under the new contract, the bank will provide exclusive and comparatively faster home loans

Bourses witness gain at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –witnessed gain in share price indices on Sunday (September 18), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), rose over 15.00 points

US bankers: ‘Brexit impact global’

DHAKA: US bankers have written to Treasury Secretary Jacob Lew asking him to push for transparent Brexit negotiations in the interests of market stability. They said Brexit “consequences are likely to be significant”, reports the BBC. Highlighting Britain’s role in the global

Export-import begins at Hili land port

HILI (DINAJPUR): Export and import activities resumed on Saturday (September 17) at Hili land port of Dinajpur district after a six-day Eid-ul-Azha vacation. Bangla Hili Customs CnF Agent Association president Mohammad Kamal Hossain Raj told Banglanews that the export-import activities

China’s PSBC launches biggest share sale

DHAKA: Postal Savings Bank of China (PSBC) is looking to raise $8bn (£6bn) by listing its shares in Hong Kong, making it the world's biggest share sale this year. It is the largest stock market listing since Chinese online retailer Alibaba raised $25bn in New York in 2014. PSBC

UK trade deficit shrinks in July

DHAKA: The UK trade deficit, which reflects the difference between imports and exports, shrank to £4.5bn in July from £5.6bn the previous month. The Office for National Statistics (ONS) said, reports the BBC. The narrowing of the gap reflected a 2% increase in exports of goods and

Home minister inaugurates Walton LED Light factory

DHAKA: Home Minister Asaduzzaman Khan Kamal inaugurated a LED (light-emitting diode) Light Bulbs manufacturing factory of Walton Group at Walton Micro-Tech Corporation in Chandra of Gazipur on Saturday (September 10). He said, “Walton has won the hearts of Bangladeshi people. As much

General Motors recalls 4m vehicles

DHAKA: The US car company General Motors is recalling more than four million vehicles worldwide due to a software defect linked to at least one death. The company says the fault is rare but can prevent airbags from deploying during a crash. Seat belts may also fail, it adds, reports

Hili land port closes for 6-day

HILI (DINAJPUR): The Hili land port in Dinajpur district will remain closed for six days from September 11 to September 16 for Eid-al-Azha. Export-import operations between Bangladesh and India through the port will resume on September 17. However, citizens of both Bangladesh and

Rawhide price fixed at Tk 50 per sft

DHAKA: The government has fixed the rate of rawhide at Tk 50 per square foot during Eid-al-Azha. The decision came from a meeting among the commerce minister Tofail Ahmed and leather traders at secretariat in city on Thursday (September 8). Last year, the hide price was set at Tk

Rawhide price fixed at Tk 50 per sft

DHAKA: The government has fixed the rate of rawhide at Tk 50 per square foot during Eid-al-Azha. The decision came from a meeting among the commerce minister Tofail Ahmed and leather traders at secretariat in city on Thursday (September 8). Last year, the hide price was set at Tk

DSE, CSE witness gain Thursday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday (September 8), the last trading day of the week. DSEX, the key index of Dhaka Stock Exchange, rose at 6.41 points or 0.13 percent to stand at 4601.08 at the close on the last trading day of