Sunday, 17 Nov, 2024

Business

Indian textile expo from Sept 29

DHAKA: A two-day international textile exposition titled ‘Indian Textile Exhibition-INTEXPO Bangladesh’ will begin at Sonargaon Hotel in the city from September 29. The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC), an apex body of man-made fiber (MMF) textile

Stocks end higher Wednesday

DHAKA: Country's stock market marked significant gain in its price indices on Wednesday.  The broad index of Dhaka Stock Exchange, DSEX, shed over 38 points only to stand at 4,798 at the close on the last trading day of the week. Trade deals stood at 167327 with volume of transactions

GH to produce ice-cream from Thursday

DHAKA: Golden Harvest Ice Cream Limited, a subsidiary Company of Golden Harvest Agro Industries Limited, is set to start manufacturing ice-cream from Thursday. The matter was published on the website of Dhaka Stock Exchange (DSE) on Tuesday. It said, “The Company has informed that the

Best tax givers to be valued as CIP

DHAKA: Commerce Minister Tofail Ahmed on Tuesday categorically said that the best tax gives would be regarded as ‘Commercially Important Persons (CIP)’. He made the announcement while addressing the inaugural ceremony of week-long ‘National Income Tax Fare-214’ at Officers’

Novartis appoints ADL as distribution partner

DHAKA: Novartis Bangladesh Ltd has appointed Aquamarine Distribution Ltd (ADL) as the exclusive distribution partner to distribute one of their flagship products WON Mosquito Repellent Lotion, a press release says.Managing Director of Novartis Bangladesh Ltd Nahar Mahmud and Managing

Govt working to lessen income tax panic

DHAKA: Finance Minister AMA Muhith said people even now fear about income tax and the government is working to lessen the fear as well as harassment in this regard.The finance minister came up with the assertion while addressing an award giving ceremony to 402 people and

Lufthansa pilots to go on strike on Tuesday

DHAKA: Pilots at Germany’s biggest airline Lufthansa said they would go on strike Tuesday, for the fourth time in three weeks, over changes to early retirement rules.A union said, reports The Straits Times.The eight-hour walkout will go from 9am to 5:00pm local time and hit

5-day Eid holiday in DSE, CSE

DHAKA: All types of official activities as well as the trading of shares at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will remain closed for five days on the occasion of upcoming Eid-ul-Azha.DSE and CSE sources said on Monday.The Eid vacation will begin from

Rally on Income Tax Day

DHAKA: The National Income Tax Day-2013 being marked in the country on Monday with a view to creating mass awareness about income tax.  The slogan for the Income Tax Day 2014 is 'Boost income tax, bring prosperity to the nation and the people'. Ghulam Hussain, Secretary Internal

BB world’s role model: Dr Atiur

DHAKA: Bangladesh Bank (BB) governor Dr Atiur Rahman claimed that many other countries have accepted BB as a role model in banking sector. The central bank governor said BB was awarded as a role model and working for building digital Bangladesh. He made the disclosure while addressing

Pay salary, bonus before Eid: Chunnu

DHAKA: State Minister for Labor and Employment Ministry Majibul Haque Chunnu asked the authorities concerned to pay the salary and bonus of Tuba Group workers before Eid-ul-Azha. The ruling Awami League lawmaker made the plea in a meeting with Tuba Group Sramik Sangram Committee members

NBR to award 403 taxpayers

DHAKA: The National Board of Revenue (NBR) will award 403 income taxpayers across the country as recognition of their respective contributions.  NBR recently issued a gazette notice to honor the highest taxpayers for 2012-13 and 2013-14 fiscal years. The awards will include tax cards,

BD ranks 8th in remittance earning

DHAKA: Bangladesh Bank (BB) governor Dr Atiur Rahman said that according to the report of World Bank, Bangladesh is the eighth remittance receiving country in the world in 2013.He also said that around 23.5 lakh Bangladeshi expatriates are working in 157 countries of the world.Atiur

Banglalink Rangpur Bhawaia Utshob ends

DHAKA: A three-day long ‘Banglalink Rangpur Bivagio Bhawaia Utshob 2014’ ended Saturday. One of the most significant cultural festivals of the northern region, the three-day long festival includes rally, Pala Gaan, Bhawaia Dance and Bhawaia songs competition among other

Dhaka to host BCIM Nov meeting

DHAKA: Bangladesh will host the upcoming 2-day meeting of Bangladesh China India Myanmar (BCIM) Economic Corridor from November 12 to finalize its next work plan.A foreign ministry higher official confirmed the matter to banglanews.The event will be held at Chittagong port city, the

Palli Sanchay Bank gets MD

DHAKA: The government appointed Dr Mihir Kanti Majumder as Managing Director (MD) for newly established state run bank Palli Sanchay Bank. Appointing Dr Mihir Kanti for three years, the Banking and Financial Institutions Division of the Finance Ministry issued a gazette notification

Remittance $181mln in Sep 1st week

DHAKA: The amount of inflow of remittance in the first week of September was US $181 million.State owned banks have brought $60.57 million, specialized banks brought $2.32 million and private banks brought $115.30 million remittance in the country.Agrani Bank Ltd has brought $26.76

Remittance $181mln in Sep 1st week

DHAKA: The amount of inflow of remittance in the first week of September was US $181 million.State owned banks have brought $60.57 million, specialized banks brought $2.32 million and private banks brought $115.30 million remittance in the country.Agrani Bank Ltd has brought $26.76

Banks’ CSR expenditure in edu

DHAKA: Finance Minister AMA Muhith on Thursday appreciated banks’ corporate social responsibility (CSR) activities in education sector.He was addressing a scholarship giving ceremony of Shahjalal Islami Bank Limited (SIBL) at Officers’ Club in city in the morning.Muhith said, the

45 flaws in every factory: Alliance

DHAKA: Alliance for Bangladesh Worker Safety disclosed that some 45 flaws were found in every readymade garments factory among the 587 factories of Bangladesh they inspected in the last one year. Mesbah Robin, Managing Director of the Alliance’s Dhaka office, made the disclosure in a