Wednesday, 20 Nov, 2024

Business

DSE up, CSE down on Wednesday

DHAKA: The Dhaka Stock Exchange (DSE) witnessed gain in share price indices while the Chittagong Stock Exchange (CSE) experienced loss on Wednesday (August 10), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), acquired over 1.59 points or

UK industrial output grows strongly

DHAKA: UK industrial output grew at the fastest rate for 17 years in the April-to-June quarter, official figures show. Industrial output grew 2.1% compared with the first quarter of the year, the Office for National Statistics said, reports the BBC. Despite the quarterly figures

EBL-Rahimafrooz Gastech sign accord

DHAKA: Eastern Bank Ltd (EBL) and Rahimafrooz Gastech Ltd. (RAGT), formerly known as Rahimafrooz CNG Ltd., signed an agreement about Zero percent Installment Plan (ZIP) in Dhaka recently. As a result of the accord, the EBL cardholders will be able to pay their bills to Rahimafrooz

NBL donates Tk.75,00 lac to PM’s Relief Fund

DHAKA: National Bank Limited has donated Tk.75.00 lac to the Prime Minister’s Relief Fund with a view to help the flood victim people of the country under CSR activity of the bank.  Parveen Haque Sikder & Rick Haque Sikder, Directors of National Bank Limited handed over the cheque

Commonwealth Bank posts record profits

DHAKA: Commonwealth Bank of Australia, the country’s biggest lender, has posted a 2% rise in annual profit to a record A$9.2bn ($7.1bn). The results of the biggest bank by market value are closely watched as an indicator of the Australian economy, reports the BBC. Last week the

Sindabad.com inks deal with Bashundhara Group

DHAKA: Bashundhara group, one of country’s leading producers of paper and tissue products signed a pact with sindabad.com, country’s first B2B e-commerce site at the corporate-office of Bashundhara Group. The contact allows offices and factories to purchase regular supplies of

Markets see loss Tuesday

DHAKA: Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- have witnessed loss in share price indices on Tuesday (August 9), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 1.43 points or 0.03 percent to stand at

WB to invest for BBIN regional links

DHAKA: World Bank (WB) is set to invest around Tk 1,000 crore for enhancing the regional communications among Bangladesh, Bhutan, India and Nepal (BBIN). WB Bangladesh representative Qimiao Fan made the disclosure after meeting with Commerce Minister Tofail Ahmed at secretariat on

Markets see deflation at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- are witnessing loss in share price indices at the opening hours on Tuesday (August 9), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

EBL hosts career guidance road show at DU

DHAKA: Eastern Bank Ltd. (EBL) recently organized a road show for students at the Faculty of Business Studies in University of Dhaka (DU). The students were briefed on EBL’s “Future Leadership Program” and how to make career with the Bank. Dean of the Faculty of Business

Bourses see inflation Monday

DHAKA: After incurring loss on Sunday, the two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed a slight gain in share price indices on Monday (August 8), the second trading day of the week. DSEX, the prime index of Dhaka Stock

Bourses see loss at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing loss in share price indices at the opening hours on Monday (August 8), the second trading day of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

EBL-ARC sign ZIP agreement

DHAKA: EBL card members will get 15 percent discount or interest free monthly installments during purchase of Nescafe Alegria 510 Premium Coffee System. An agreement in this regards was signed the Zero percent Installment Plan (ZIP) agreement recently. Head of Consumer Banking of

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 (August 7), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 9.14 points or

US jobs growth beats forecasts in July

DHAKA: The US economy added a stronger-than-expected 255,000 jobs in July, fuelling speculation that interest rates could rise before the end of the year. The figure was below June’s upwardly revised figure of 292,000 jobs, but was far higher than analysts’ forecasts of between

Yuan strengthens against other currencies in July

DHAKA: The yuan strengthened slightly against a basket of currencies in July, according to latest data released by financial services provider China Foreign Exchange Trade System (CFETS). The yuan exchange rate composite index, which measures the yuan’s strength relative to a basket

US markets hit new record highs

DHAKA: Wall Street markets closed up after figures showed stronger than expected growth in the labor market. The S&P 500 index climbed 18.62 points, or 0.86%, to 2,182.87, beating an all-time high record set last month, reports the BBC. The Dow Jones Industrial Average rose 191.48

UK interest rates cut to 0.25%

DHAKA: UK interest rates have been cut from 0.5% to 0.25% and the Bank of England has signaled that they could go lower if the economy worsens. The Bank announced a range of measures to stimulate the UK economy, including a £100bn scheme to force banks to pass on the low interest rate

‘Made in Bangladesh’ on drug packs for USA 

DHAKA: US Ambassador Marcia Bernicat stated that the actual winners of the two-way trade growth between United States and Bangladesh are consumers.  She said the consumers of United States now can buy life-saving medicines. There will be 'Made in Bangladesh' tag on the bottle.

UK keen to invest in Payra port, Dhaka-Barisal rail line

DHAKA: The United Kingdom (UK) is interested to invest in Payra seaport and Dhaka-Barisal railway track in Bangladesh. The UK high commissioner Alison Blake expressed the interest while calling on commerce minister Tofail Ahmed at the ministry in city on Thursday (August 4). “The