Tuesday, 21 May, 2024

Business

Govts can reduce carbon emissions

DHAKA: The governments and businesses are better able to improve economic growth and reduce carbon emissions together. Rapid technological innovation and new investment in infrastructure are making it possible today to tackle climate change at the same time as improving economic

Maximum automation in tax fair

DHAKA: Only one percent of the total population of the country pays income tax. Annually direct or indirect taxes contribute nearly 39 percent in total revenue income. Many income-tax payable people do not pay tax.     So the National Board of Revenue (NBR) has hosted the national

FBCCI urges to withdraw hartal

DHAKA: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday urged Ahle Jamaat Wal Sunnat to withdraw Sunday’s hartal.Country’s apex business organization, in a statement, also expressed their concern for the murder of Maulana Nurul Islam Faruqi, a

‘Aamra’ to develop tech of Pubali Bank

DHAKA: The Pubali Bank Limited signed a deal with Aamra Technologies to develop its technical part. Besides, they will work for the development of the bank’s information technology department. Dhaka Stock Exchange sources confirmed the matter. Sources said they signed the deal of Tk

ACC seek wealth info of Destiny director, 7 others

DHAKA: The Anti-Corruption Commission (ACC) issued a legal notice on Thursday seeking the information of Destiny director and seven others of the organization within seven working days.A competent source from the anti-graft body confirmed the matter to banglanews.They are Destiny

Saw dust sold as tea!

DHAKA: Bangladesh Standards and Testing Institution (BSTI) on Thursday sealed Himalaya Tea Company Ltd for selling saw dust as tea. BSTI sealed the company after conducting an operation at Gulistan Shopping Complex in the noon. BSTI Assistant Director M Riazul Haque confirmed the matter

Illegal handsets of Tk 1.5cr seized

DHAKA: The customs intelligence team seized over 400 costly mobile handsets worth of Tk 1.5 crore in a drive at ‘Gadget and Gear’ in the city on Thursday.The intelligence team conducted a special drive in an outlet of the company at city’s Gulshan area and seized the illegal

Bond money not for Padma Bridge

DHAKA: Finance Minister AMA Muhith on Thursday categorically said Padma Bridge project would be financed by the government, not from the bond-money.  The minister came up with the disclosure while briefing reporters after a meeting of Cabinet Committee for Purchase at secretariat’s

BD set to export Coil firewood to India

AKHAURA, BRAHMANBARIA: All preparation has been taken to export the fuel coil firewood to the seven hilly states of India through the Akhaura land port. The clearing and forwarding (C&F) agents and importers-exporters of the port have already finished their preparation in this

Apex Emerges As Shoemaker To The World

DHAKA: To see a different face of Bangladesh manufacturing, a country that has earned notoriety with its ready-made garment plants, one drives 25 miles north of Dhaka city to Gazipur district.  Amid a predominantly industrial enclave of garmentmakers is a 24-acre site where 5,500

Prime Bank-Grand Sultan Tea Resort sign deal

DHAKA: Prime Bank Limited signed a Memorandum of Understanding (MoU) with Grand Sultan Tea Resort & Golf on 21 August at Head Office of the Bank.   Habibur Rahman, Deputy Managing Director and Head of Emerging Market of the Bank, and Brig Gen (Retd.) A K M Shahjahan, Director

PM for continuance of anti-adulteration drive

DHAKA: Prime Minister Sheikh Hasina directed authorities concerned to continue the drive against sub-standard and adulterated goods. PM said, “The anti-adulteration drives are underway and it will also be continued and its range will be extended.” Sheikh Hasina told commerce

Stocks witness fall Thursday

DHAKA: Country's stock market marked fall in its price indices on Thursday. The broad index of Dhaka Stock Exchange, DSEX, shed over 21 points only to stand at 4,577 at the close on the last trading day of the week. Trade deals stood at 1,64,445 with volume of transactions at Tk 6322

Qantas reports its biggest loss ever

DHAKA: Australia's national flag carrier Qantas has reported an after-tax net loss of A$2.8bn ($2.6bn; £1.57bn) for the year ending in June - its biggest ever financial loss.The struggling airline said the result was in part due to an A$2.6bn write-down on its international

BB gains net profit Tk 3,352cr

DHAKA: Bangladesh Bank (BB) has earned a net profit of Tk 3,352 crore in the fiscal year 2013-14.The central bank has handed over Tk 1,562.78 crore to the government.BB Managing Director AFM Asaduzzaman, also spokesperson of the bank, made the disclosure the matter to journalists after

India asks Pepsi to cut down sugar in sodas

DHAKA: India has asked US soft drinks giant PepsiCo to reduce the sugar content of its sodas as the country battles growing levels of obesity and diabetes. PepsiCo chairman Indra Nooyi met food processing industry minister Harsimrat Kaur Badal during a visit to India on Tuesday to

US $125mln loan accord with ADB

DHAKA: The government has signed a loan agreement with Asian Development Bank (ADB) for developing infrastructures in ensuring better services in 30 municipalities of the country. The deal was signed at Economic Relations Division of Planning Commission at Sher-e-Bangla Nagar in city on

‘Waterway travel deal with India soon’

DHAKA: Finance Minister AMA Muhith on Wednesday said the incumbent government is planning to sign an agreement with India with a view to traveling through waterway.The finance minister came up with the disclosure while talking to journalists after a cabinet meeting on tourism. He said,

CSE issues notice to United Air

DHAKA: Chittagong Stock Exchange (CSE) on Tuesday issued notice to the United Airways (BD) Ltd. regarding the unusual upward trend of its share price and volume.Sources said that the share price and volume of the private airways company has been climbing up at an unnatural ratio since

Dollar sets 13-month high

DHAKA: The dollar hit a 13-month peak against a basket of major currencies on Wednesday, with the euro still struggling amid expectations of further policy easing from the European Central Bank.The dollar index rose as far as 82.727 at one point, its highest level since July 2013. It