Tuesday, 19 Nov, 2024

Business

India’s biggest airline in initial share offering

DHAKA: Indian budget airline IndiGo plans to conduct an initial share offering this week as it seeks to raise as much as 32.68bn rupees ($500m).The share offering would be India’s largest since 2012.Owned by InterGlobe Aviation, IndiGo is the country’s largest domestic airline by

Banglabandha land port opens Tuesday

PANCHAGARH: Export and import activities of Banglabandha land port have resumed on Tuesday after sevens of vacation.Banglabandha Land Port super Mohammad Amirul Islam and CnF agent Mohammad Nahirul Islam told banglanews that the port activities resumed on Tuesday after seven days of Durga

ADB gives Tk 240-cr for Asian Highway

DHAKA: Asian Development Bank (ADB) will give a loan of Tk 240-crore to Bangladesh for developing its rail and road transport sectors with the view to connect the country with Trans-Asian Railway Link and Asian Highway.The organization is providing the loan under Additional Financing to

Hili land port opens Monday

HILI (DINAJPUR): The export and import activities have resumed in Hili land port in Dinajpur Dinajpur district after an eight day vacation on the occasion of Durga Puja.Good-laden trucks from India entered Bangladesh that resumed the load and unload activities at the port this

Stocks end lower Monday

DHAKA: Country's stock market marked fall in its price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 18.70 points only to stand at 4630.57 at the close of day’s trading.Trade deals stood at 98408 with volume of transactions

Export-import resume at Bhomra land port

SATKHIRA: Export and import activities have resumed on Monday at Bhomra land port in Satkhira district after a seven-day vacation on the occasions of Durga Puja and Ashura.Bhomra land port customs house assistant commissioner Sharif Al Amin told banglanews that the activities started this

DSE, CSE down after early gain

DHAKA: After early hours’ gain, trading on the country’s two bourses is underway with downward trend of share-price indices on Monday.DSEX, the Broad Index of Dhaka Stock Exchange, shed over 4.87 points to stand at 4644.41 at 1:16pm.Trade deals stood at 62074 with volume of

Asia shares up on China hopes

DHAKA: Shares in Asia are largely expected to sit in positive territory on Monday after Beijing cut its one-year benchmark interest rate by 0.25% to 4.35%.Beijing hopes that loosening its monetary policy, in the shape of cheaper money, will help it hit its growth target of 7% for

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 Monday.     DSEX, the prime index of the DSE, rose over 8.96 points or 0.19 per cent to 4658.24 after the first one-hour

Export-import resume at Benapole

BENAPOLE (JESSORE): Export and import activities have resumed on Sunday at Benapole land port in Jessore district after a five day vacation on the occasion of Durga Puja and Ashura.Benapole exporters and importers association vice-president Aminul Haque told banglanews that the activities

Stocks witness mixed Sunday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Sunday, the first trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 1.61 point to stand at 4649.28 at the close of day’s trading.Trade deals stood at 90440 with

‘Foundation of Bangladesh economy stronger now’

DHAKA: Jatiya Sangsad Speaker Dr Shirin Sharmin Chaudhury on Saturday said the foundation of the economy of Bangladesh is stronger now.She also said we need to ensure the participation of women and make future plans synthesizing the economies of urban and rural areas to make it firmer.Dr

South Korea growth hits five-year high

DHAKA: South Korean economic growth hit a five-year high in the third quarter of the year, coming in ahead of estimates.The country's economy grew 2.6% in the three months to September over the same period the previous year, reports the BBC.From the second quarter, growth was up 1.2%,

‘Saudi running on empty in 5 years’

DHAKA: Saudi Arabia could burn through its financial assets within five years, as the country grapples with slumping oil prices.The Middle East’s biggest economy is expected to run budget deficits of 21.6 percent in 2015 and 19.4 percent in 2016, according the IMF’s latest regional

IMF okays extra $258.3 mln for Bangladesh

DHAKA: The Executive Board of the International Monetary Fund (IMF) approves additional $258.3 million disbursement for Bangladesh, bringing total disbursements under Extended Credit Facility (ECF) to about $904.2 million.After completion of the fifth and sixth reviews of Bangladesh’s

Chinese shares rise on Thursday

DHAKA: Chinese shares rose on Thursday, recovering some of the previous day’s losses.The benchmark Shanghai Composite Index was higher by 1% to 3,354.08 points after shedding more than 3% on Wednesday.Hong Kong’s stock exchange reopened after a bank holiday but the index failed to

IMF okays extra $258.3 mln for Bangladesh

DHAKA: The Executive Board of the International Monetary Fund (IMF) approves additional $258.3 million disbursement for Bangladesh, bringing total disbursements under Extended Credit Facility (ECF) to about $904.2 million.After completion of the fifth and sixth reviews of Bangladesh’s

Tolls of bridges on online to curb theft

DHAKA: Road transport and bridges minister Obaidul Quader on Wednesday disclosed that the toll of all larger bridges will be collected on online to avert theft.The minister came up with the assertions in a meeting with ministry officials at the secretariat in city.He further said

PM for 100 economic zones

DHAKA: Prime Minister Sheikh Hasina said that 100 economic zones will gradually be established in the country aiming to enhance both domestic and foreign investment.She made this disclosure at a Bangladesh Economic Zone Authority governing board meeting at PMO in city on

Stocks witness fall Wednesday

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 9.97 points only to stand at 4647.67 at the close of day’s trading.Trade deals stood at 84756