Saturday, 16 Nov, 2024

Business

Holcim celebrates successes

DHAKA: Holcim Cement Bangladesh Ltd (HBL), a leading Cement Manufacturer of the country celebrates its successes in a two day long celebration event followed by a press briefing at its new Corporate Office at building called “Ninakabbo” located at Tejgaon-Gulshan Link Road of the

Bourses witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Wednesday. The broad index of Dhaka Stock Exchange, DSEX, rose over 18 points to stand at 4,411 at 12:10 pm. Trade deals stood at 8,711 with transaction at Tk 306 million. Of the issues

Govt to sign MoU for Swiss Bank money

DHAKA: The government is keen to sign a Memorandum of Understanding (MoU) to bring back laundered money from Swiss Banks. The Bangladesh Financial Intelligence Unit (BFIU) of Bangladesh Bank (BB) has sent a letter to the Money-Laundering Reporting Office (MROS) of Switzerland in this

Inspection tension in garment factories woes

DHAKA: It took Western safety inspectors only about an hour to tour a factory the size of three football fields before ordering a partial shutdown of Sonia & Sweaters Ltd, a Bangladesh clothing supplier to Wal-Mart Stores Inc (WMT.N) and Debenhams (DEB.L). Two weeks later, the group that

Measures to improve water supply in Ctg

DHAKA: The Chittagong Water and Sewerage Authority (CWASA) has undertook Chittagong Water Supply Improvement and Sanitation Project (CWSISP) in a bid to increase the supply of safe and clean water by constructing selected water production, transmission, distribution and storage facilities

BB sets Tk 120cr loan limit from EDF

DHAKA:  The businessmen who are involved with export related business can take up to Tk 120 crores as loan from Export Development Fund (EDF) instead of Tk 96 crore. The central bank of the country, Bangladesh Bank (BB), issued an order in this regard on Tuesday. In the order BB said a

Bourses see gain Tuesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Tuesday. The broad index of Dhaka Stock Exchange, DSEX, rose over 25 points to stand at 4,392 at the close on the third trading day of the week. Trade deals stood at 72,817 with transaction at Tk

ECNEC okays 3 projects of Tk. 503cr

DHAKA: Executive Committee of National Economic Council (ECNEC) Tuesday has given final approval of the three projects involving Tk. 503 crore.  The meeting of the government's highest policy-making body was held at NEC conference room in the morning with Prime Minister Sheikh Hasina in

Abe to unveil fresh reforms to boost growth

DHAKA: Japanese prime minister Shinzo Abe is expected on Tuesday to unveil a fresh round of reforms to boost a nascent growth recovery, reports said, his second attempt at launching the ‘third arrow’ of his economic action plan. In a package that has already been heavily trailed, he

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Tuesday. The key index of Dhaka Stock Exchange, DSEX, rose over 28 points to stand at 4,396 at 11:20 am. Trade deals stood at 12559 with transaction at Tk 464 million. Of the issues traded,

Ramadan banking hr till 2:30pm

DHAKA: The transaction hour of commercial banks during the month of Ramadan is set for five hours from 9:30am-2:30pm with a prayer break for 15 minutes from 1:15pm. Bangladesh Bank (BB), the central bank of the country, issued a notification in this regard on Monday.  It also said the

12 percent fall in BD FDI

DHAKA: Foreign direct investment (FDI), in the first 10 months of 2013-14 fiscal year ending this month, was down nearly 12 percent from the same period a year ago. According to the Bangladesh Bank (BB) data, reported by The Shanghai Daily on Sunday, in the first 10 months of the fiscal

DSE cuts trading hours for Ramadan

DHAKA: The Dhaka Stock Exchange (DSE) has decided to shorten their trading and office hours during the holy month of Ramadan. The time has been rescheduled at a regular board meeting held on Monday. The DSE said in a media statement, trading at the prime bourses will begin at 10:30am

Honda recalls over 2m cars worldwide

DHAKA: Japans Honda Motor on Monday recalled more than two million vehicles worldwide over an airbag defect that could pose a fire risk. Honda said the recall covers about 2,033,000 vehicles which were produced between August 2000 and December 2005, including over one million in North

Marcel showroom at Shapla Chattor Kushtia

DHAKA: A showroom of Marcel, Burhan Electronics was inaugurated recently at Shapla Chattor in Kushtia with the utmost collection of Marcel Brand Electrical, Electronics, Automobiles & Home Appliance products.  Amin Khan, famous Film Actor & Marcel Brand Ambassador inaugurated the

IFC aims to ramp up operations in BD

DHAKA: A top regional official of IFC, a member of the World Bank Group, met this week with the governor of Bangladesh’s central bank, saying the institution will ramp up its operations in the country to boost job creation and economic competitiveness. Serge Devieux, IFC Regional

Stocks witness fall Sunday

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Sunday. The key index of Dhaka Stock Exchange, DSEX, shed over six points only to stand at 4322 at the close on the first trading day of the week. Trade deals stood at 55,533 with volume of

Market showing negative

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Sunday. The Dhaka Stock Exchange Broad Index (DSEX) shed over 19 points to stand at 4,309 at 12:20pm. Trade deals stood at 20,729 with volume of transactions at Tk 782 million. Of

BEF conference underway for day-2

DHAKA: The first conference of Bangladesh Economics Forum (BEF) is underway for second day from Sunday morning with a view to provide a broad framework for the country’s economic policy and strategy to help build a pluralistic democracy. Slogan of the first conference is ‘Vision

Economic consensus needed for middle income country

DHAKA: Former governor of Bangladesh Bank (BB) Farash Uddin Ahmed Saturday said consensus about economic affairs is a must to be a middle income country within 2030. The economist came up with the observation while addressing the second session of the first meeting of Bangladesh Economic