Sunday, 01 Dec, 2024

Business

Another Basic Bank DMD removed over loan scam

DHAKA: Another deputy managing director (DMD), Monaem Khan, of state-owned Basic Bank Limited was removed over loan scam of Tk 5,000-crore. The decision of the bank was disclosed through an office order, issued on Monday (October 31), in this regard. Sources said the bank

Markets see mixed at opening

DHAKA: Dhaka Stock Exchange (DSE) is witnessing loss in share price indices while Chittagong Stock Exchange (CSE) gains in the opening hours on Monday (October 31), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 0.57 points or

Bourses witness loss Sunday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss in share price indices on Sunday (October 30), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 31.14 points or

Sri Lankan airlines opens Dhaka-Colombo direct flight

DHAKA: Sri Lanka’s national flag carrier Sri Lankan Airlines opened direct flight between Dhaka and Colombo on Sunday (October 30). The airlines will operate flights at 2:30pm (Bangladesh local time) daily from Dhaka and reach Colombo at 5:25pm (Sri Lanka local time). It will

Bourses see loss at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- are witnessing loss in share price indices at the opening hours on Sunday (October 30), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

EBL launches complete range of Mastercard cards

DHAKA: Eastern Bank Limited (EBL) recently launched their complete range of Mastercard cards; comprising of debit and credit cards (World & Titanium). Ali Reza Iftekhar, Managing Director & CEO, Eastern Bank Limited said, “We are delighted to partner with Mastercard and offer such

No export-import at Akhaura port Monday

BRAHMANBARIA: Export and import activities with neighboring India will remain closed on Monday (October 31) in Akhura Land Port of the district. However, immigration process will continue on the day. Akhaura Land Port CnF agent association president Rajib Bhuiyan confirmed the

US growth rate fastest for two years

DHAKA: The US economy grew at the fastest pace in two years in the third quarter, initial figures have indicated. The world’s largest economy grew at an annual rate of 2.9% in the three months to September, the Commerce Department said, reports the BBC. Analysts had predicted

EU-Canada trade deal to be signed on Sunday

DHAKA: Canada and the European Union are to sign a long-delayed landmark trade deal, EU-Canada Comprehensive Economic and Trade Agreement (CETA), at a summit in Brussels on Sunday. Canadian Prime Minister Justin Trudeau described it as “great news” and said he looked forward to

US-Bangla Airlines adds second Boeing to its fleet

DHAKA: The Second Boeing 737-800 aircraft of US-Bangla Airlines, country’s leading premium airline, arrived safely at Hazrat Shahjalal International Airport on Friday morning (October 28). Dilruba Parvin, Deputy Managing Director of US-Bangla Airlines Ltd. received the aircraft at

StanChart, IFC sign $350m risk sharing deal

DHAKA: Standard Chartered has signed a risk-sharing agreement with IFC under its global Critical Commodities Finance Program (CCFP) worth $ 350 million. This is the first and largest corporate risk participation program on a funded basis launched in Bangladesh which includes 50%

Markets end week in red

DHAKA: Investors incurred loss as the benchmark indices of country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - witnessed loss on Thursday (October 26), the fifth and final trading session of the week. The key index of DSE, DSEX, shed over 21.97

Samsung operating profit plunges 30%

DHAKA: South Korean technology giant Samsung has seen profits plunge after the recall of its Galaxy Note 7 smartphone. Operating profit between July and September fell 30% from a year earlier to 5.2tn won ($4.6bn) - the lowest level in two years, reports the BBC. The world’s

Markets mixed in opening hours

DHAKA: The Dhaka Stock Exchange (DSE) is witnessing loss in share price indices while the Chittagong Stock Exchange (CSE) is witnessing gain in trading in the early hours on Thursday (October 27), the fifth and final trading session of the week. DSEX, the prime index of DSE, shed over

CNG stations’ indefinite strike from Oct 30

DHAKA: Owners of the CNG-filling station has called a countrywide strike for an indefinite period from October 30. Bangladesh CNG Filling Station and Conversion Workshop Owners Association made the announcement at a press conference in city on Wednesday (October 26). The strike will

Bourses see loss Wednesday

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses – Dhaka Stock Exchange and Chittagong Stock Exchange - on Wednesday (October 26). The key index of Dhaka Stock Exchange, DSEX, shed over 23.65 points and 0.50 percent to stand at 4658.20 at the end of

Wasif Ali Khan, MA Wadud new AMDs of NBL

DHAKA: Two National Bank Limited (NBL) officials Wasif Ali Khan and MA Wadud have been promoted as additional managing directors (AMD) of the bank. A press release, issued by the public limited bank of Bangladesh on Wednesday (October 26), informed about the promotion. Earlier, both

Wall Street dips amid election nerves

DHAKA: Wall Street’s main indexes dipped at the close, with analysts citing presidential election nerves as the reason. The Dow Jones slid 0.30% to 18,169.27, while the S&P 500 was down 0.38%% at 2,143.16 and the Nasdaq fell 0.50% to 5,283.40. The Home Depot retail chain was the

Markets see loss in opening hours

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing loss in share price indices in the early hours on Wednesday (October 26), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

City Bank honored with Finance Asia ‘Best Bank’ award

DHAKA: Finance Asia, one of the main economic journals of the Asia-pacific region, awarded City Bank the ‘Best Bank of Bangladesh’ title for the four consecutive times. City Bank additional managing director Faruk Moinuddin received the award at the 20th anniversary program of the