Wednesday, 20 Nov, 2024

Business

Philippines identify 2 Chinese

DHAKA: Two Chinese businessman had allegedly brought the $81 million stolen funds from the Bank of Bangladesh into the Philippine financial system, junket operator Kim Wong, also known as Kam Sin Wong, told a Senate hearing on Tuesday.   Wong identified the two as Shuhua Gao and Ding

4 nabbed for Basic Bank loan fraud

DHAKA: Anti Corruption Commission (ACC) in a drive from Sunday night (March 27) to Monday morning (March 28) arrested four persons in connection with Basic Bank’s money misappropriation. A special team, led by ACC Director Iqbal Hossain, conducted the combing operation in capital’s

Bourses continues falling

DHAKA: The two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- of the country witnessed another fall of share price indices on Monday (March 28), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 53.36

BRAC Bank honors top women bankers, SME entrepreneurs

DHAKA: BRAC Bank Limited has recently honored top women bankers and SME women entrepreneurs as part of International Women’s Day celebration. The bank’s Women Forum “Tara” organized the program titled “Meet The Stars” at its Head Office on March 23, says a press release

Japan leads Asia markets on Easter Monday

DHAKA: Japan’s Nikkei 225 opened up 0.8% on Monday helped in part by a lower yen against the dollar. Shares in troubled Japanese electronics giant Sharp were up 5.5% in early trade on hopes of a bailout deal, reports the BBC. The Nikkei business daily newspaper reported that a

Bourses show mixed trend at opening

DHAKA: The two bourses of the country witnessing mixed trend of trading as share price indices on DSE saw fall while CSE saw up in the opening hours on Monday (March 28), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 5.29 points

National Bank gets new MD

DHAKA: AFM Shariful Islam has been appointed as new managing director (MD) of National Bank Limited (NBL). The appointment was confirmed through a press release issued by the bank on Saturday (March 26). The release said Shariful Islam will observe duties of MD for the next three

US stocks climb on oil outlook

DHAKA: Wall Street markets were mixed on Thursday, following a late day rally caused by a report that the number of oil exploring rigs had fallen. The Dow Jones gained 13.14 points to 17,515.73, reports the BBC. The S&P 500 fell 0.77 points to 2,035.94, while the tech-based Nasdaq

Travel ban on 6 SL directors

DHAKA: A Sri Lankan court imposed a travel ban on six directors of Shalika Foundation, Sri Lanka in connection with the theft of $ 81 million from Bangladesh Bank reserve account. Accordingly, the Magistrate ordered the Immigration and Emigration Controller not to allow company

Bourses’ week ends in red

DHAKA: For third day at a stretch, the two bourses of the country saw fall of share price indices on Wednesday (March 23), the final trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 10.66 points or 0.24 percent to stand at 4370.49 points at

UBSL markets Electric Cash Register (ECR) machine

DHAKA: Unique Business Systems Ltd. is marketing world famous paswa brand ECR machine. Different food stores, super store, and other sales centers are very important to use this machine, says a press release. Accounting function, sales, inventory reports can be created on the stock.

Bourses see fall on Wednesday

DHAKA: Country’s two bourses saw fall of share price indices on Wednesday (March 23), the fourth session of trading week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 29.05 points or 0.65 percent to stand at 4381.16 points at the end of day’s trading. Trade

Emirates SkyCargo tops Air Cargo Excellence Awards

DHAKA: Emirates SkyCargo has once again topped the industry by winning the Air Cargo Excellence Awards organised by Air Cargo World. The company achieved the Diamond award, the top placing for the category of air carriers getting highest scores on performance factors. Customers rate

Asia markets flat after Brussels attack

DHAKA: Asian markets have followed US and European markets’ lead and are trading mostly flat as investors remain cautious in the wake of the Brussels terror attacks.Japan’s benchmark Nikkei and the broader Topix slipped 0.3% while Korea’s Kospi was about 0.13% lower.Australia’s

Bourses see minor fall at opening

DHAKA: Country’s two bourses saw negative trends of share price indices at the opening hours on Wednesday (March 23), the fourth session of trading week.DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 7.06 points or 0.16 percent to stand at 4403.15 points at 11:30am.Trade

91% Nordic companies keen to invest in Bangladesh

DHAKA: Around 91 percent of Nordic companies doing business in Bangladesh are contemplating to increase their activities in Bangladesh over the coming 3-years period.The reason behind increasing activities in Bangladesh could be due to 34% of the respondents experiencing higher profits

BB, IFC-WB for women’s financial inclusion

DHAKA: Bangladesh Bank (BB) and IFC-World Bank (WB) Group on Tuesday (March 22) have signed a cooperation agreement at a ‘Cooperation Agreement Signing and Program Launching Ceremony’ to promote financial inclusion of Bangladeshi women through increased adoption of mobile financial

Bourses down on Tuesday

DHAKA: Country’s two bourses saw negative trends of share price indices on Tuesday (March 22), the third session of trading week.DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 31.92 points or 0.71 percent to stand at 4410.22 points at the end of day’s trading.Trade

China to support building deep seaport

DHAKA: China is interested to cooperate in building a deep seaport in Bangladesh even in collaboration with other countries.The Chinese government is also showing interest to invest more in Bangladesh and promising to continue military cooperation.China ambassador to Bangladesh Ma

Dutch-Bangla expo in Netherlands on Sept 28-29

DHAKA: The “Dutch-Bangla Expo-2016”, a joint trade fair, will be held in the Netherlands on September 28-29.Dutch-Bangla Chamber of Commerce & Industry (DBCCI) president M Hassan Khaled made this announcement on Monday afternoon (March 21) at a DBCCI-hosted reception program in honor