Wednesday, 20 Nov, 2024

Business

BEZA handovers 1st Economic Zone license

DHAKA: Bangladesh Economic Zone Authority (BEZA) issued a license for Meghna Economic Zone, which is first of its kind. BEZA chairman Paban Ahmed handed over the license to Meghna Economic Zone managing director Mustafa Kamal on Tuesday (August 23). Paban Ahmed said that 100

Bourses see mixed at opening hours

DHAKA: Share price indices at Dhaka Stock Exchange (DSE) are witnessing minor gain at the opening hours on Tuesday (August 23) while loss at Chittagong Stock Exchange (CSE). DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 0.90 points or 0.01 percent to stand at 4578.75

Wall Street lower as oil stocks slide

DHAKA: US stock markets opened lower as a sharp drop in the price of oil hit energy shares. Crude prices fell 3% on signs of rising supplies, with Chinese exports of diesel and gasoline surging in July, reports the BBC. Brent crude fell 2.9% to $49.39 a barrel, while US oil dropped

Bashundhara Paper Mill to recycle waste papers

DHAKA: Bashundhara Paper Mill Limited signed an agreement with DataFort Limited regarding the recycle of waste papers. The signing ceremony was held at Bashundhara Industrial Headquarters-2 in Bashundhara Residential Area in city on Monday (August 22). Bashundhara Group deputy

Bourses see loss 2nd day on the trot

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss in share price indices on Monday (August 21), the second trading day on a stretch. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 1.18 points or

EBL 197th booth in Mohakhali

DHAKA: The 197th booth of Eastern Bank Limited (EBL) was opened at Paragon House of Mohakhali in city on Sunday (August 21). Reza Iftekhar, Managing Director & CEO of Eastern Bank Ltd (EBL) and Mashiur Rahman, Managing Director, Paragon Group jointly inaugurate the booth, said a press

PRAN, IRRI deal on aromatic rice

DHAKA: PRAN has signed an agreement with International Rice Research Institute (IRRI) to purchase 2,500 tones premium quality aromatic rice worth about a million dollar from the marginal farmers of the south and south western region of Bangladesh. Eleash Mridha, director of PRAN Group

Week starts with loss in bourses

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss in share price indices on Sunday (August 21), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 6.05 points or

Reserve heist report before Sept 24

DHAKA: Finance minister Abul Maal Abdul Muhith said that the investigation report on Bangladesh Bank reserve heist will be published before September 24. He made this assertion to the media after his meeting with Bangladesh Chamber of Commerce Industries delegation led by its president

Urjit appointed RBI governor

DHAKA: Urjit Patel, Reserve Bank of India (RBI) deputy-governor, will take over as the central bank’s new head, ending two months’ speculation about Raghuram Rajan’s successor. Patel’s appointment can bring continuity to monetary policy in the country. He was Rajan’s deputy

News site Gawker.com to shut down

DHAKA: The news site Gawker.com will shut down next week, just days after its parent company was purchased by Univision. Gawker founder Nick Denton told staff on Thursday afternoon, a post on its website said. Media firm Univision agreed to buy Gawker Media for $135m (£103m) at a

Car Selection signs deal with Grameenphone

DHAKA: Car Selection, one of the largest vehicle importers and service centers of Bangladesh, opted for Grameenphone Business Solutions as an end-to-end enterprise-level mobile communication platform. Sajjad Alam, Head of Enterprise Market of Grameenphone Ltd. and Aslam Serniabat,

Dream Weaver offers discount to Banglalink subscribers

DHAKA: Telecommunications operator Banglalink recently signed a partnership agreement with wedding photography studio Dream Weaver on providing discounts for its ‘Priyojon’ subscribers. The agreement was signed by Eiasher Arafat Hossain, Loyalty & Partnership Manager, Marketing,

Markets end week in red

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss in share price indices on Thursday (August 18), the final session of the trading week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 10.15 points

Japan shares down as exports fall

DHAKA: Japanese share markets closed lower after exports fell for the 10th month in a row thanks to a stronger yen. Overseas shipments fell 14% in July from a year ago and imports fell 24.7% leaving Japan’s trade surplus at 513.5bn yen ($5.2bn), reports the BBC. The falls were the

US rate hike in September ‘possible’

DHAKA: An influential member of the US central bank has said that an interest rate rise is “possible” in September. “We’re edging closer towards the point in time where it will be appropriate I think to raise interest rates further,” said William Dudley, president of the New

UK jobless total falls to 1.64 million

DHAKA: Total UK unemployment dropped between April and June in the run-up to the Brexit vote, official figures indicate. The UK’s jobless total fell by 52,000 to 1.64 million, and the unemployment rate remained at 4.9%, the Office for National Statistics (ONS) said, reports the BBC.

Bourses see gain 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 (August 17). DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 8.98 points or 0.19 percent to stand at 4595.23

Tourism fair begins at Bashundhara City

DHAKA: A five-day tourism fair began at Bashundhara City Shopping Mall in city’s Panthapath area on Wednesday (August 17). The fair will remain open to all from 11:00am to 8:00pm till August 21. Popular tour operators, hotels, resorts, tourism magazines and other tourism-oriented

Ford’s self-driving car ‘coming in 2021’

DHAKA: Ford has said it will mass-produce a fully autonomous self-driving car without a steering wheel by 2021. The bold ambition was outlined by the company’s president, Mark Fields, at an event in Palo Alto, California. Ford said it would double its investment in its research