Monday, 18 Nov, 2024

Business

No price hike of essentials in Ramazan

DHAKA: Commerce minister Tofail Ahmed categorically said that there will be no price hike of essential goods in upcoming fasting month of Ramazan.The minister made the assurance at a press conference at his office in city Monday noon.‘There is no chance of increasing the prices of

Stocks end higher Monday

DHAKA: Country's stock market marked gain in its price indices on Monday, the second trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, rose over 91.43 points only to stand at 4407.42 at the close of day’s trading.Trade deals stood at 167226 with volume of

DSE, CSE up at opening

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in early hours of trading on Monday, the second trading day of the week. DSEX, the Broad Index of the DSE, gained by 42.35 points or 0.98 per cent

Stocks see slight gain Sunday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Sunday, the first trading day of the week.DSEX, the Broad Index of DSE, rose over 1.10 points to stand at 4315.99 at the close of

Stocks see gain in early hrs

DHAKA: Share price indices at the country’s both bourses --- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in early hours of trading on Sunday, the first trading day of the week. DSEX, the Broad Index of the DSE, gained by 0.08 points or 0.00 per cent

Mostafa reelected Rupali Insurance chairman

DHAKA: Mostafa Golam Quddus has been re-elected unanimously as the chairman of Rupali Insurance Company Limited at the company's 165th meeting of the Board of Directors recently.Mostafa Golam Quddus, a former president of Bangladesh Garments Manufacturers' and Exports' Association

Bangladesh-India secy-level talks Sunday

DHAKA: A high-level Indian delegation, led by India’s Commerce Secretary Rajeev Kher, will visit Dhaka to hold meeting with the Bangladesh Commerce Secretary.The meeting is scheduled to be held on May 17-18 (Sunday-Monday), said Indian High Commission to Dhaka in a press release issued

Per capita income now $1,314

DHAKA: Per capita income of the people of Bangladesh is now 1,314 USD.Planning minister AHM Mustafa Kamal on Thursday disclosed the matter to journalists after a meeting at NEC Bhaban in city’s Sher-e-Bangla Nagar area.He further said the amount was fixed after calculating the rate of

Honda recalls 19 million cars

DHAKA: The safety crisis plaguing the global automotive industry deepened as Japan’s three biggest carmakers said they would recall more than 11 million additional vehicles because of faulty air bags that can shoot shrapnel at motorists.Honda Motor is expanding its recalls by 4.89

20,000 workers to reach KSA before Ramadan

DHAKA: Bangladesh will send 20,000 workers to Saudi Arabia before Ramadan though visas for 30,000 laborers have already been received.  Expatriate Welfare Minister Khandaker Mosharraf Hossain told reporters after a meeting with the delegation of Saudi Arabia on Thursday afternoon.The

Stocks end lower Thursday

DHAKA: Country's stock market marked fall in its price indices on Thursday, the last trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, shed over 27.77 points only to stand at 4314.88 at the close of day’s trading. Trade deals stood at 153699 with volume of

Tk 97,000crore ADP okayed

DHAKA: The government has approved Annual Development Programme (ADP) of Tk 97,000 crore for the upcoming 2015-16 fiscal.Of these, the government will provide Tk 62,000 crore while it expects to receive Tk 34,500 crore as project grants.It included Tk. 3,996 crore for self-financed

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses--Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing gain in share-price indices on Thursday.DSEX, the Broad Index of DSE, rose over 0.45 points to stand at 4343.12 after the first two-hour of trade at 12:30

Ataur Rahman new DMD of Sonali Bank

DHAKA: Ataur Rahman Prodhan took the office of the deputy managing director (DMD) of Sonali Bank Limited on Tuesday. Prior to his joining as DMD, Ataur served as the chief executive officer (CEO) of Sonali Bank (UK) Limited, a subsidiary of the bank, in 2012. Later, he was promoted to

Stocks witness gain Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Wednesday.DSEX, the Broad Index of DSE, rose over 16.04 points to stand at 4342.66 at the close on the fourth trading day of the week.Trade

Pak High Commission signs MoU with Midas

DHAKA: Pakistan High Commissioner in Bangladesh Shuja Alam on Tuesday signed a MoU with Micro Industries Development Assistance and Services (MIDAS), Bangladesh on enterprise and skill development program for women entrepreneurs belonging to SME sector of the country.Acting Managing

Sigve Brekke new Telenor Group CEO

DHAKA: The Board of Directors of Telenor Group (Telenor) Tuesday announced the appointment of Sigve Brekke as the company’s new Group President and Chief Executive Officer. He will succeed Jon Fredrik Baksaas by 17 August 2015.Sigve Brekke is the Executive Vice President and Head of

Foreign Exchange draft law okayed

DHAKA: The cabinet on Monday gave its final approval to the draft of ‘Foreign Exchange Regulation (Amendment) Act, 2015’ with the view to create more investment-friendly environment in the country.The draft act was approved in the cabinet meeting, with Prime Minister Sheikh Hasina in

Indian banker named first BRICS bank head

DHAKA: Indian private banker KV Kamath was named Monday as the first head of a new development bank being set up by the so-called emerging BRICS nations.Officials said, reports The Straits Times.The BRICS - Brazil, Russia, India, China and South Africa - announced last year that they were

Stocks end higher Monday

DHAKA: Country's stock market marked gain in its price indices on Monday for second consecutive day.The Broad Index of Dhaka Stock Exchange, DSEX, rose over 72.16 points only to stand at 4349.22 at the close on the second trading day of the week.Trade deals stood at 153784 with volume of