Monday, 18 Nov, 2024

Business

Petrobangla Scared!

DHAKA: The strong deliberation and questions of energy affairs advisor of CAB Shamsul Alam made both Titas and Bangladesh Energy Regulatory Commission (BERC) embarrassed and Petrobangla scared. He got the confession taking to them at the last ditch. However, his deliberation was such

DSE, CSE witness up Tuesday

DHAKA: Key share price indices at both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed a daylong positive trend on Tuesday after a long wait.However, DSEX, the prime index of the DSE, reached at 4,656.47 points by 2:35pm, starting from 4,619.00 points in the

Asian stocks fall

DHAKA: Asian stocks declined, with Japanese exporters sliding as the yen strengthened after the Reserve Bank of Australia (RBA) cut interest rates to a record low.China shares rose for the first time in six days on stimulus speculation and Australian stocks gained ground after the

Textile, garment machineries fair from Feb 4

DHAKA: A four-day exposition of textile and garment machineries will begin on February 4 at Bangabandhu International Conference Centre in the city.Bangladesh Textile Mills Association (BTMA) president Tapan Chowdhury said at a press conference at association conference room in city

ECNEC okays 8 projects worth Tk 4,890cr

DHAKA: The Executive Committee of National Economic Council (ECNEC) approved eight projects worth Tk 4,890 crore on Tuesday.Prime Minister Sheikh Hasina chaired the meeting at the NEC Conference Room at the Planning Commission in Sher-e-Banglanagar in the city.Of the amount, government

Titas proposes to double gas price

DHAKA: Titas Gas Transmission and Distribution Company Ltd Tuesday proposed increasing the gas price by 122 percent for the domestic users’ double burner to Tk 1,000 per month from the existing Tk 450.For the single burner, the rate was proposed to be fixed at Tk 850 from Tk 400 hiking

Tk 959cr loss in tannery industry due to blockade

DHAKA: The tannery industry of the country has already suffered a loss of Tk 959-crore due to the prevailing hartal and blockade. Bangladesh Tanners Association chairman Shahin Ahmed confirmed the matter at a press conference in National Press Club on Monday. He also said that the

Stocks end lower Monday

DHAKA: Country's both bourses--Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)--marked fall in its price indices on Monday.DSEX, the prime index of DSE, shed over 36 points only to stand at 4,618 at the close on the second trading day of the week.Trade deals stood at

DSE, CSE down at opening

DHAKA: Share price index at the country’s twin bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed negative trend in early hours of trading on Monday, the second trading day of the week.DSEX, the broad index of DSE, went down 66.21 points or 1.42

China to tackle food safety as policy priority

DHAKA: China has promised to address food safety issues and modernise its agriculture as policy priorities this year.State news agency Xinhua quoted the nation’s 2015 agenda for rural matters as saying on Sunday, reports The Straits Times.The ‘number one document’, issued every

FBCCI to hold nationwide silent rallies

DHAKA: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will hold silent rallies from Teknaf to Tetulia to make a way out from the continuous economic loss due to the ongoing political unrest.FBCCI president Kazi Akram Uddin Ahmed said this after a board meeting in

‘GDP to decrease for violence’

DHAKA: Finance Minister AMA Muhith on Sunday categorically said that the estimated Gross Domestic Product (GDP) per capita growth rate for the current fiscal year might not be achieved if ongoing violence continues.He expressed his after attending a meeting of Human Development Foundation

Tender invited for metro-rail

DHAKA: The government has invited first tender for its much-cherished metro-rail to identify a construction group following scrutiny of its technical and financial proposals for the project.Road transport and bridges minister Obaidul Quader on Sunday made the disclosure on Sunday.He said,

Bourses see fall Sunday

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday.DSEX, the prime index of Dhaka Stock Exchange (DSE) shed over 69 points to stand at 4,754 at the close on the first trading day of the week.Trade deals stood at 59,921with transaction at Tk

Saudi labor market opens for Bangladeshis

DHAKA: The manpower market of Saudi Arabia for Bangladeshi workers has been open from Sunday. However, it had been stopped since 2008. Deputy Minister for International Affairs of Saudi labor ministry Dr Ahmed F Alfahaid informed the matter to M Shahidul Islam, Bangladesh ambassador to

DSE, CSE witnessing fall

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Sunday.DSEX, the Broad Index of Dhaka Stock Exchange, shed over 82 points to stand at 4642 at 1:07pm.Trade deals stood at 35205 with volume of transactions at Tk 1,099 million.Of the

Workshop on corporate governance of banks held

DHAKA: A workshop on the corporate governance for banks in the country, jointly organized by Bangladesh Bank and IFC Bangladesh, was held at a city hotel on Saturday.The workshop titled ‘Revisiting Corporate Governance for Banks in Bangladesh’, was attended by Bangladesh Bank governor

Russian economy ministry sees GDP contracting 3%

DHAKA: Russian economy minister Alexei Ulyukayev said the ministry sees the country’s economy shrinking 3 percent in 2015 and inflation of 12 percent by the end of the year.The Interfax news agency cited him as saying on Saturday, reports The Straits Times.Earlier, the minister said

Textile & Garment Machinery fair Feb 4

DHAKA: The four-day-long Dhaka International Textile & Garment Machinery Exhibition (DTG 2015) will begin at Bangabandhu International Conference Centre from February 4 with an aim to offer an ideal platform to apparel businesspeople. Bangladesh Textile Mills Association (BTMA), Chan

Bangladesh potential to Dutch investors

DHAKA: Dutch investors called Bangladesh a land of ‘opportunity’ that has an “untapped potential with huge market size of its own," says press release of Foreign Ministry on Friday.As many as 50 Dutch investors echoed their appreciation at an investment seminar titled