Sunday, 17 Nov, 2024

Business

BERC for 3.09pc power price hike

DHAKA: The technical evaluation committee of Bangladesh Energy Regulatory Commission (BERC) on Thursday recommended increasing of the retail power price by 3.09 percent.The committee made the recommendation in a mass hearing on the process of hiking power price at TCB Bhaban at Karwan

Holcim cement & Dabur’s deposits profit in SKF fund

DHAKA: Holcim Cement Bangladesh Ltd and Asian Consumer’s Care (Pvt) Limited (Dabur) on Wednesday deposited their profit’s share in Bangladesh Sramik Kalyan Foundation (SKF) fund.Holcim Cement and Asian Consumer officials respectively handed over cheque of Tk 63.96 lakh and 17 lakh to

Janata, Al-Arafah banks get best corporate awards

DHAKA: The Institute of Cost Management of Bangladesh (ICMAB) has awarded Janata Bank Ltd and Al-Arafah Islami Bank Limited with Best Corporate Award-2014.Janata Bank was awarded in the state-owned bank category while Al-Arafah Islami Bank Limited in the private commercial bank category

Tender called for 3 bridges on Dhaka-Ctg highway

DHAKA: Road transport and bridges minister Obaidul Quader said that international tender has been called for new three bridges on Dhaka-Chittagong highway.The 4-lane bridges will be constructed by the existing ones over Shitalkkhya, Meghna and Gomati rivers on Dhaka-Chittagong highway

Bourses see fall Wednesday

DHAKA: The indices of key share prices both at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed a negative trend from the early hours of trading on Wednesday.DSEX, the prime index of country’s major bourse – Dhaka Stock Exchange – went down to 4,782.50 points

120 broad gauge coaches to join rail fleet

DHAKA: A total of 120 broad-gauge passenger coaches are going to be added to the fleet of Bangladesh Railway to ensure a smooth and safe transportation of passengers. Bangladesh Railway and Indian train coach supplier company RITES Limited singed a deal to procure the 120 broad-gauge

Market showing negative

DHAKA:  Trading on the country’s two bourses is underway with downward trend of share-price indices on Wednesday.DSEX, the prime index of Dhaka Stock Exchange Broad Index, shed over 98 points to stand at 4,758 at 1:30pm.Trade deals stood at 73187 with volume of transactions at Tk 1,727

BERC for 1.53pc wheeling charge hike

DHAKA: The technical evaluation committee of Bangladesh Energy Regulatory Commission (BERC) on Wednesday recommended increasing of the wheeling charge by 1.53 percent.The committee made the recommendation in a mass hearing on the process of hiking power price at TCB Bhaban at Karwan Bazar

Gold tops $1,300 an ounce for first time in five months

DHAKA: Gold exceeded $1,300 an ounce for the first time since August as stagnating world economies increased demand for the metal as a haven.Assets in exchange-traded products backed by the metal are heading for the first monthly gain since July. Open interest in New York futures and

BERC proposes to hike bulk power price by 5.16pc

DHAKA: The technical evaluation committee of Bangladesh Energy Regulatory Commission (BERC) on Tuesday recommended increasing the bulk power price by 5.16 percent. The committee made the recommendation in a mass hearing on the process of hiking power price at TCB Bhaban at Karwan Bazar in

ECNEC nods 6 projects of Tk 1,032cr

DHAKA: The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved six projects, including two new projects involving Tk 1,031.67 crore.The approval came from an ECNEC meeting with Prime Minister Sheikh Hasina in the chair at NEC conference room at Sher-e-Bangla

China’s GDP growth slows to 7.4% in 2014

DHAKA: China’s GDP growth slowed to 7.4 per cent in 2014, official data showed Tuesday, the lowest since 1990, as authorities in the world’s second-largest economy talk of a ‘new normal’ of slowing expansion.The 2014 figure announced by the National Bureau of Statistics (NBS)

IMF cuts global growth forecast

DHAKA: The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next, report BBC on Tuesday.The IMF now expects growth of 3.5% this year, compared with the previous estimate of 3.8% which it made in October.The growth forecast for 2016

Tk 1,600cr loss in 1 day hartal, blockade

DHAKA: Entire economy of the country suffers a loss of Tk 1,600 crore due to one day’s hartal or blockade including Tk 15 crore in insurance sector.The data, which was made public Monday afternoon, came from a report of Bangladesh Insurance Association (BIA).Regarding the matter, BIA

Janata Bank gets 3 new DMDs

DHAKA: Janata Bank Limited has recently appointed Hasan Iqbal, Afroza Gul Nahar and Hosneara Begum as its Deputy Managing Directors, said a press release Monday.Hasan Iqbal, prior to his joining, was General Manager of Sonali Bank Limited. He started his career in Sonali Bank Limited in

Stocks end lower Monday

DHAKA: Country's stock market marked fall again in its price indices on Monday. DSEX, the prime index of Dhaka Stock Exchange, shed over 50 points only to stand at 4,867 at the close on the last trading day of the week. Trade deals stood at 93948 with volume of transactions at Tk 2851

DSE, CSE witnessing fall

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Monday.DSEX, the prime index of the Dhaka Stock Exchange, shed over 41 points to stand at 4,876 at 12:34pm.Trade deals stood at 45641 with volume of transactions at Tk 1,370 million.Of

Stocks witness fall Sunday

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday.The DSE broad index shed over 38 points to stand at 4,917 at the close on the first trading day of the week.Trade deals stood at 72160 with transaction at Tk 2,524 million.    Of the

Govt to make Tk 1, 2 obsolete soon

DHAKA: Finance Minister AMA Muhith on Sunday categorically said the government is going to make the denomination of taka one and two obsolete soon.The minister came up with the disclosure while talking to journalists at his secretariat office in the city after a meeting on Value Added Tax

DSE, CSE down at opening

DHAKA: Both the bourses --Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed negative trend in early hours of trading on Sunday, the first trading day of the week.    The DSE benchmark index, DSEX gained 34.51 points or 0.69 percent to reach 4921.57 at