Tuesday, 19 Nov, 2024

Business

Annisul urges for investment in housing sector

DHAKA: Dhaka North City Corporation (DNCC) mayor Annisul Huq urged the government to keep an eye on this sector to build planned housing.‘Taka thousands of crores are being laundered from our country. The opportunity to invest in housing sector of the country will stop drain out the

Marcel offers 6-month replacement warranty for LED TVs

DHAKA: Marcel, a local electronic products manufacturing company, is now offering conditional six months replacement warranty for its LED (Light Emitting Diode) televisions, started from December 1.Along with the replacement warranty, the customers will also enjoy two years warranty for

‘Sharia compliant’ airline takes off in Malaysia

DHAKA: Malaysia’s first ‘sharia-compliant’ airline made its inaugural domestic flight over the weekend and it hopes to include international routes next year.A senior airline official said, reports Al Jazeera.Rayani Air will initially serve the domestic routes in the predominantly

Nike profits up 20% in Nov quarter

DHAKA: Nike, the world’s leading maker of sporting goods, reported a 20% year-on-year rise in net profit for the three months ending November.Income for the period came to $785mln.Future orders for deliveries from December to April 2016 - which is a key measure for Nike - also beat

Specialized hospitals for workers

DHAKA: The state minister for labor and employment affairs Mujibul Haque Chunnu on Wednesday said two specialized hospitals will be built in Gazipur district to treat Occupational Diseases of laborers in the industries.He made this disclosure while addressing a roundtable conference

Zimbabwe to adopt China’s currency yuan

DHAKA: Zimbabwe plans to adopt the Chinese yuan as legal tender in return for debt cancellation worth about $40m - a move one economist predicted ‘has no future at all’.China has become the largest investor in Zimbabwe, which has been shunned by the West over its human rights record

‘Black money investment in housing can curb laundering’

DHAKA: Housing and public works minister Engineer Mosharraf Hossain commented that the investment in housing sector can reduce the laundering of black money.He made this comment while inaugurating a five-day Real Estate and Housing Association of Bangladesh (REHAB) Fair 2015 at

ECNEC approves Tk 759-cr projects

DHAKA: Executive Committee of National Economic Council (ECNEC) in a meeting held on Tuesday approved five project worth of Tk 759.12-crore.Of the amount, the government will provide Tk 726.72-crore while rest of the money will come from the own funds of the respective organizations.Prime

Emirates to reinforce A380 network in 2016

DHAKA: Emirates has announced that it will deploy its highly-popular A380 to even more destinations across its network in 2016 - reinforcing its commitment to provide an enhanced onboard experience for its passengers.Birmingham, Prague, and Taipei have been added to the growing list of

GCM holds AGM in London

DHAKA: GCM Resources, the parent company of Asia Energy which has exploration licences and a mining lease over the Phulbari Coal basin and a Contract with the government for “Exploration and Mining Coal in Northern Bangladesh” held its Annual General Meeting (AGM) in London on

3-day Car Expo at ICCB from Jan 22

DHAKA: A three-day exhibition of Japanese reconditioned cars will begin at International Convention City Bashundhara (ICCB) in city from January 22 of 2016.Around 50 car companies are expected to showcase their products in the expo to be organized by Bangladesh Reconditioned Vehicles

Bourses witness gain Monday

DHAKA: Investors witnessed significant gain in the benchmark indices of the country’s bourses on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 67.33 points to stand at 4578.87 at the close of day’s trading.Trade deals stood at 100334

Market showing positive

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 55.57 points to stand at 4567.11 at 11:27 am.Trade deals stood at 27334 with transaction at Tk

Eastern Bank launches EBL Skybanking

DHAKA: Eastern Bank Ltd (EBL) has launched a mobile application for banking services titled ‘EBL Skybanking’ for both EBL and non-EBL customers.The mobile App, first of its kind in Bangladesh, will help the users to do fund transfer, bills payment, to receive information about

Stocks see minor fall Sunday

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Sunday, the first trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 9.33 points only to stand at 4511.53 at the close of day’s trading.Trade deals stood at 104401 with

Japanese real estate company keen to invest $300mln

DHAKA: A Japanese real-estate firm has now expressed its interest to invest in a large-scale to meet the demand of middle-income group in the capital.Creed Asia BD Company Limited (Bangladesh) is willing to invest $300 million (Tk 2339-crore) to develop a modern and affordable housing at

PM unveils Simanto Bank logo

DHAKA: Prime Minister Sheikh Hasina unveiled logo of Simanto Bank, a bank for members of Border Guard Bangladesh (BGB), at a program of BGB Day 2015.During the time, she also inaugurated three 50-bed hospitals in Chuadanga, Thakurgaon and Khagrachori.Prior to that the primer took salute

DSE, CSE up at opening

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- gained in early hours of trading on Sunday.     DSEX, the prime index of the DSE, rose over 8.03 points or 0.17 per cent to 4528.91 after the first one-hour

FDI barriers in real estate sector

DHAKA: Bangladesh, an emerging country with growing economy, has attracted investors from developed countries to its promising sectors including Information Technology and real estate.Recently many IT startups have got venture capital from Silicon Valley and running their businesses

‘Returned expatriates to be brought together’

Dhaka: Local Government, Rural Development and Co-operatives Minister Khandker Mosharraf Hossain said the returned expatriates would be brought together as they cannot adapt with the country’s socio-cultural situation after spending a long time in foreign lands.The minister was