Wednesday, 20 Nov, 2024

Business

Bourses see up on Monday

DHAKA: Country’s two bourses saw rise of share price indices amid choppy trading on Monday, the second session of trading week.DSEX, the prime index of Dhaka Stock Exchange (DSE), gained 11.86 points or 0.26 percent to stand at 4442.15 points at the end of day’s trading.Trade deals

BizCare ties up with AFCSR

DHAKA: BizCare, a local consultancy firm, has become the business associate of the Manila-based Asian Forum on Corporate Social Responsibility (AFCSR).As a business associate, BizCare will work together with AFCSR in organizing the upcoming international conference on CSR to be held in

DSE, CSE up amid choppy trading

DHAKA: The two bourses of the country saw rise of share prices indices amid choppy trading in the early hours on Monday, the second session of trading week.DSEX, the prime index of Dhaka Stock Exchange (DSE), gained 8.26 points or 0.18 percent to stand at 4438.57 points at 11:28am.Trade

IFC signs agreement with Epyllion

DHAKA: IFC recently signed a $ 14.44 million loan agreement with Epyllion Knitwear Ltd for a project aimed at enhancing social compliance and ensure sustainable environment.Alemayehu, IFC South Asia regional Director, Wendy Werner, IFC country manager, Reaz Uddin Al–Mamoon, Managing

Fazle Kabir takes charge as BB Governor

DHAKA: Fazle Kabir has taken formal charge as Governor of Bangladesh Bank on Sunday.He vowed to bring back 81 million US dollars, heisted from reserve account at New York Federal Bank.Earlier in the day, he stepped down as chairman of state-own Sonali Bank.On March 15, he was appointed as

Gasoil from India as ‘Goodwill Gesture’

DHAKA: Indian minister for petroleum and natural gas Dharmendra Pradhan flagged off Thursday from Siliguri of West Bengal a train carrying 2,200-MT gasoil as a goodwill gesture to Bangladesh.The consignment will be received in Parbatipur of Bangladesh by Bangladesh state minister for

Asia markets get lift after US holds interest rates

DHAKA: Asian stock markets mostly tracked the gains made on Wall Street after the US central bank took a more cautious approach to its monetary policy.The Federal Reserve scaled back the number of interest rate rises it expects to make this year because of concerns over the global

Novoair opens Syedpur-Dhaka flights

SYEDPUR (NILPHAMARI): Country’s one of the popular private airliner Novoair’s Syedpur-Dhaka flights have been inaugurated on Thursday (March 17).The airliner’s managing director Mafizur Rahman inaugurated the flight at the VIP Lounge this morning.Nilphamari-4 MP Shawkat Chowdhury,

BB Governor vows to find out culprits

DHAKA: Newly appointed Governor Fazle Kabir vowed to find out the persons involved in heist from Bangladesh Bank reserve account at US Federal Bank.He made the declaration to journalists at Shahjalal International Airport on Thursday morning after arriving from USA.The Governor also

Fazle Kabir made Bangladesh Bank governor

DHAKA: Retired senior secretary and also state-run Sonali Bank directorial board chairman Fazle Kabir has been made governor of Bangladesh Bank (BB).Public administration ministry issued a circular in this regard on Wednesday afternoon (March 16).According to the circular, Fazle Kabir has

China approves new economic plan

DHAKA: China’s parliament has ended its annual session by approving a new five-year economic plan, as Premier Li Keqiang says the country will push ahead with economic reforms.The plan aims to increase China’s economy, the world’s second-largest, by around 6.5 to 7% a year by 2020,

2 BB deputy-governors removed

DHAKA: Finance minister Abul Maal Abdul Muhith said that two Bangladesh Bank (BB) governors Nazneen Sultana and Abul Kashem have been removed from their posts.The minister made this disclosure to the media prior to the pre-budget discussion with non-government organization officials held

Resigned from moral obligation: Dr Atiur

DHAKA: Dr Atiur Rahman said that he has resigned from the post of Bangladesh Bank governor for his moral obligation.However, the former boss of country’s central bank has faced widespread criticism over the reserve heist.‘The Prime Minster gave me the responsibility of Bangladesh

Bourses see gain Tuesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Tuesday, the third trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 8.27 points to stand at 4475.89 at the close of day’s trading.Trade deals stood at 103535 with

Oil price falls as Iran rejects output freeze deal

DHAKA: Oil prices have fallen by nearly 3% after Iran put off plans to join nations proposing a freeze on production.Oil minister Bijan Zanganeh said Iran would only join discussions to cap output after its production reached four million barrels per day, reports the BBC.In February,

Probe body over BB reserve heist

DHAKA: A three-member committee, led by former BB Governor Faras Uddin has been formed to investigate the theft of money from Bangladesh Bank account in US Federal Bank.Finance Minister Abul Maal Abdul Muhith disclosed the matter while talking to reporters at his office on Tuesday (March

Asia markets down as Japan holds rates

DHAKA: Markets in Asia were trading in negative territory after Japan’s central bank left its monetary policy unchanged and gave a slightly less positive outlook for the economy.Investor sentiment was also hurt by oil prices, which fell by nearly 3% after Iran put off plans to join

Fazle Kabir to be new BB Governor

DHAKA: Finance minister Abul Maal Abdul Muhith said that former finance secretary Fazle Kabir will be appointed as new governor of Bangladesh Bank (BB).He revealed the information at secretariat in city while talking to reporters on Tuesday (March 15).Sources said Fazle Kabir is

M Abul Kashem interim BB governor

DHAKA: M Abul Kashem will discharge duty as interim governor of Bangladesh Bank (BB) following the resignation of Dr Atiur Rahman as governor amid criticism over the bank’s reserve heist from US Federal Bank.Prime Minister’s Office (PMO) press wing sources confirmed the matter to

Bangladesh money recovery uncertain

DHAKA: Teofisto Guingona, head of the Philippine Senate's anti-corruption committee, said that because casinos are not covered by the country's anti-money laundering laws it was not clear if the stolen money from the Bangladesh central bank's account at the New York Fed could be