Saturday, 16 Nov, 2024

Business

Stocks witness mixed Monday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Monday. The broad index of Dhaka Stock Exchange, DSEX, rose over zero point to stand at 4,378 at the close on the second trading day of the week. Trade deals stood at 59,158 with transaction at Tk

India’s once iconic Ambassador car stalls

DHAKA: Hindustan Motors, India’s oldest car maker, shut down its factory at Uttarpara in West Bengal, where it has been making the Ambassador, based on Britain’s long-defunct Morris Oxford, since 1957.‘Work has been suspended indefinitely at the Uttarpara factory. It is being done

67 inspectors’ appointment in RMG finalized

DHAKA: The Parliamentary Standing Committee on Labour and Employment Ministry on Sunday finalized the appointment of 67 inspectors in ensuring the security to the readymade garment factories, said sources concerned.An additional secretary level official has also joined as the director

Basic Bank MD Fakhrul sacked

DHAKA: Managing Director of Basic Bank, one of the state-run banks in the country, Fakhrul Islam has been sacked on charge of massive irregularities and financial scam.Bangladesh Bank Governor Dr Atiur Rahman signed the order on Sunday.The order would be sent to the bank very soon, a

BACCO organizes training on VAT for professionals

DHAKA: Bangladesh Association of Call Center & Outsourcing (BACCO) organized a day long training program on ‘Value Added Tax on Product & Service specialized for ITES industry’ Saturday.The program was supported by the ICT Business Promotion Council (IBPC), Ministry of Commerce as

ACC chief for zero tolerance to staffs’ graft

DHAKA: If any official of Anti-corruption Commission (ACC) found involved in corruption, he will be dealt with ‘zero tolerance’. During an exclusive interview with Banglanews ACC chairman M Badiuzzaman expressed his firm position against corruption in this language. Meanwhile two

TTBC to be launched Monday

DHAKA: A launching ceremony of Textile Technology Business Center (TTBC) will be held at the Netherlands Embassy in city’s Gulshan area on Monday. Netherlands minister for foreign trade and development cooperation Lilianne Ploumen will inaugurate the TTBC as chief guest at 2:45pm on

Stocks witness mixed Sunday

DHAKA: Both the two bourses of the country witnessed mixed trend in share-price indices on Sunday. The key index of Dhaka Stock Exchange, DSEX, shed over five points to stand at 4,378 at the close on the first trading day of the week. Trade deals stood at 50,601 with transaction at Tk

Banglalink signs deal with Nando’s, Barsita

DHAKA: Banglalink, country’s second largest mobile operator, signed a new Priyojon partnership agreement with Nando’s and Barista on Thursday at a press conference organized in Nando’s in city’s Gulshan.     Under the agreement, Banglalink Priyojon and Icon customers will be

BTB: Same old story of BTC

DHAKA: Bangladesh Tourism Board (BTB) has been following the path shown by Bangladesh Tourism Corporation (BTC) for which failure the board was formed, industry insiders said. “The board is not being able to attain its goals...nothing happened in last few years excepting the

Atiur Rahman made ACU chairman

DHAKA: Bangladesh Bank (BB) Governor Dr. Atiur Rahman on Friday was elected as chairman of Asian Clearing Union (ACU), an international form of payment arrangement.  The declaration came from a board meeting of ACU held in Iran. Dr. Atiur Rahman confirmed to Banglanews about the

FIAB for ‘immediate combing operation’

DHAKA: The Feed Industries Association Bangladesh (FIAB) on Thursday called for ‘immediate combing operation’ at the factories that manufacture poultry feed with toxic tannery in the city’s Hazaribagh area. FIAB leaders came up with the call at a special meeting, held at its office

GP, UCB sign agreement

DHAKA: Grameenphone (GP) Ltd and United Commercial Bank (UCB) signed an agreement on mobile banking at GP House in the capital on Thursday. Under this agreement, GP, country’s one of the largest mobile phone operators, will provide its clients ‘UCash’ services via Grameenphone's

Cargo supply resumes in Benapole

BENAPOLE (JESSORE): The consignment supply of Benapole land port resumed after 22 hours of the products unloading at the port. Sources said local Jubo League leader Rashed, also a commissioner along with scores of his aides, blasted some cocktails in front of the house of Sharsha Upazila

Honda cuts production in Thailand to 60% of capacity

DHAKA: The Thai unit of Honda Motor Co has cut production at its Ayutthaya plant to 60 per cent of capacity to reflect weak domestic demand, voicing concerns that sales may fall short of its target this year after months of political unrest. Thailand’s auto sector, South-east Asia's

Winners of 14th PRAN National pickle competition awarded

DHAKA: The gala award ceremony of 14th PRAN National Pickle Competition-2013 arranged at Bangabandhu International Conference Centre in the capital on Thursday, said a press release.  Afrina Rahman from Dhaka won Tk 200,000 as her pickle was awarded as ‘Pickle of the year’.

Stocks end lower Thursday

DHAKA: Country's stock markets marked fall in its price indices on Thursday. The key index of Dhaka Stock Exchange, DSEX, shed over 26 points only to stand at 4,384 at the close on the last trading day of the week. Trade deals stood at 67,647 with volume of transactions at Tk 2,587

BB makes AB-BRAC banks pay to City Bank

DHAKA: In a positive interference by the Bangladesh Bank, two private banks were compelled to pay the guarantee money to another private bank, said officials at the central bank.They said BRAC Bank and AB Bank had to pay over Tk 165 crore to City Bank as they were guarantors of a loan

Indo-Bangla set up border markets

DHAKA: Work for the setting up of the second of the four proposed 'border haats' (bazaars) along the India-Bangladesh border in Tripura began Wednesday. The work for the first 'border haat' is on in southern Tripura's bordering town Sabroom, 135 km south of Agartala in India. "Work for

Per capita income now $1180

DHAKA: Planning Minister AHM Mustafa Kamal on Wednesday said that the country’s per capita income reached 1180 USD from 1044 USD. He made that disclosure after the meeting of the Executive Committee of the National Economic Council (ECNEC). ECNEC chairperson Prime Minister Sheikh