Friday, 29 Mar, 2024

Business

Stocks witness mixed Thursday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Thursday. The broad index of Dhaka Stock Exchange, DSEX, shed over seven points to stand at 4,363 at the close on the last trading day of the week. Trade deals stood at 48,316 with transaction at Tk

DCs asked to monitor essentials price

DHAKA: The government on Wednesday asked the deputy commissioner (DC) to monitor the market for keeping the prices of daily essentials under the people’s purchasing power.Besides, the field administration was also asked to supervise the prices keeping it tolerable throughout the

Plan your team to play fantasy league!

DHAKA: Transtec brought a new fantasy league for the first time in the country named TRANSTEC KICK-OFF MANAGER. The game is available on Facebook.With the help of Spellbound Communications Limited, Transtec brought the exciting game for the extreme football lovers in the season of

No new factory outside economic zone

DHAKA: The incumbent government will not give any approval of new factory outside the exclusive economic zone, said industries minister Amir Hossain Amu.The minister told media on Wednesday after the conference of Deputy Commissioners (DC) with the ministry of industries.Amu said

Bourses see fall Wednesday

DHAKA: Investors witnessed slight fall in the benchmark indices of the country’s bourses on Wednesday.The DSE broad index shed over five points to stand at 7371 at the close on the fourth trading day of the week.Trade deals stood at 47269 with transaction at Tk 1574 million.     Of

HC issues rule upon BB governor

DHAKA: The High Court has issued a rule upon Bangladesh Bank Governor Dr Atiur Rahman to explain ‘what steps have been taken about the tax evasion by foreign shipping companies and money laundering after investigations’. An HC bench comprising Justice Mirza Hossain Haider and Justice

1st online Eid Fair begins Thursday

DHAKA: The first-ever online Eid Fair organized by RallyRound will begin on Thursday to do the eid shopping online, said a press release on Tuesday. Emelabd.net will be a platform where different houses will displays their brand products including dresses, jewelry, computer, electronics,

Rupali Bank gets new DMD

DHAKA: M Abu Bakar Siddique has been appointed as new Deputy Managing Director (DMD) of Rupali Bank Limited. Public Relations Officer of the bank Khairul Hossain Razu issued a press release in this regard on Monday. The news release said recently bank and financial institutions division

Basic Bank gets 4 new directors

DHAKA: The government has appointed four new directors to Basic Bank Ltd for three years after appointing new chairman to the state-run bank. The Bank and Financial Institutions Division of Ministry of Finance issued a gazette notification in this regard on Monday. The new directors are

Stocks end lower Monday

DHAKA: Country's stock market marked fall again in its price indices on Monday.  The broad index of Dhaka Stock Exchange, DSEX, shed over 34 points only to stand at 4376 at the close on the second trading day of the week. Trade deals stood at 58431 with volume of transactions at Tk

BD products’ duty-free market growing

DHAKA: Bangladeshi commodities are going to get vast Indian Market as bilateral agreement between the two nations is exist.Under the agreement of The South Asian Free Trade Area (SAFTA) Bangladesh get the tax and duty free commodity entrance in Indian market except 25 products like

Budget for split DCCs Monday, Tuesday

DHAKA: The budget for mayor-less Dhaka South City Corporation (DSCC) and Dhaka North City Corporation (DNCC) will be declared respectively on Monday and Tuesday respectively. For the fiscal year 2014-15, the DSCC budget will stand at Tk 1,800 crore while Dhaka North City Corporation

Alauddin BASIC Bank’s new chairman

DHAKA: Alauddin A Mojid has been appointed as new chairman of the state-owned BASIC Bank’s board of directors on Sunday. The appointment was made two days after previous chairman, Sheikh Abdul Hye Bacchu, resigned on Thursday following the allegation of irregularities in loan

BD gets $78mln WB loan for solar system

DHAKA: The World Bank’s International Development Association (IDA), its soft loan wing, pledged to provide $78.4 million loan to the government to add 480,000 solar home systems.Government signs deal to develop its Rural Electrification and Renewable Energy Development II project

Stocks end lower Sunday

DHAKA: Country's stock market marked fall again in its price indices on Sunday.  The broad index of Dhaka Stock Exchange, DSEX, shed over 25 points only to stand at 4,411 at the close on the first trading day of the week. Trade deals stood at 61,175 with volume of transactions at Tk

Remittances down in 2013-14

DHAKA: Bangladeshi citizens working overseas sent a $14.227 billion in remittances during the period of July 2013 to June 2014 fiscal, a down by 1.6 percent from the previous year, said Bangladesh Bank (BB). Remittances inflows turned positive in February - the first year-on-year

China, S Korea to complete free trade talks by 2014

DHAKA: China and South Korea agreed at summit talks Thursday to seek the early launch of a market to directly trade their currencies and complete free trade negotiations by the end of the year.The agreement was contained in a joint communique endorsed by South Korean president Park

Good governance must in Stock market

DHAKA: Good governance is crying need for share market to bring back the confidence. The investors are not returning in the market due to lack of confidence as there was a long ups and downs. M Moniruzzaman, Managing Director of IDLC Investments Limited recently discussed with banglanews

BD needs to do more for GSP

DHAKA: An interagency review led by the office of the US Trade Representative (USTR) has concluded that Bangladesh has made some important progress, but must do more to address the worker rights and worker safety issues that led President Obama to suspend the country’s Generalized

Environment in BD is investment friendly now

DHAKA: Deputy Managing Director of International Monetary Fund (IMF) Naoyuki Shinohara opn Wednesday said at present the environment in Bangladesh is affable for investment than any other time of past. Naoyuki made the assessment at a meeting with Prime Minister Sheikh Hasina in her