Thursday, 29 Oct, 2020

Business

New fiscal sets out on rising stock indices, turnover

DHAKA: Country’s stock markets, driven by the banking and financial sector, saw an upturn in both indices and turnover Sunday to mark off the start of trading in the new fiscal year on a happy note.The general index of Dhaka Stock Exchange (DSE) increased though prices of more than 100

Dhaka Bank changes face value, market lot of shares

DHAKA: The management of Dhaka Bank, a listed company with the capital market, Sunday decided to push down the face value and up the market lot of its shares. Under another step, the banking company also decided to increase its authorized capital on the market.The decision came from the

Labour unrest in Adamjee EPZ over pay hike

NARAYANGANJ: Tension mounted in Adamjee Export Processing Zone (EPZ) area of Siddhirganj Sunday as the angry workers of a sweater factory assaulted two members of the staff over pay hike. Workers of Highline Sweater Factory went berserk in the morning over the issue of wage hike—a

Money for poor pocketed by rich: minister Latif

SIRAJGANJ: Fisheries and Livestock Minister Abdul Latif Biswas MP Saturday alleged that a pilot project has benefited the well-off ones instead of the poor and those who need the support most. He raised the allegation at a programme of the pilot project that has been designed to

Capital market losing foreign investment

DHAKA: Despite different facilities declared by the government to rope in foreign investors, country’s capital market does not see targeted inflow of investment nor are the capital gains from the foreigners’ current investments reinvested here.     The dilemma was divulged through

Government to increase CNG price: Finance Minister

DHAKA: Finance Minister Abul Mal Abdul Muhith Saturday strongly advocated for doubling the price of compressed natural gas (CNG) as he said the current rate is a fourth of the actual price.The minister’s opinion came while he was addressing the inaugural session of an investment

Foreign currency seized from Ctg airport

CHITTAGONG: Chittagong customs arrested a passenger of Oman airlines and seized foreign currency worth Tk 70 lakh at Shah Amanath International Airport on Friday.Acing on a tip off, customs officials said, they arrested Mohammad Ali as he was set to fly for Oman. He hailed from

Investment conf Saturday: power-energy sector on stake

DHAKA: The government is going to arrange an investment conference here Saturday for attracting local and foreign investors to the power and energy sectors that cry for huge funds with a promise for good returns. State Minister for Power Enamul Hoque told banglanews24.com.bd that

Finance Fest 2010 held at Dhaka University

DHAKA: Dhaka University Vice-chancellor Prof AAMS Arefin Siddique said unless the financial inequity is removed from society, the purpose of education would fail. He made the observation while speaking as chief guest at a programme titled ‘Finance Festival 2010’ arranged by the DU

AIMS fund trade resumes next Sunday

DHAKA: The hugely expected AIMS First Mutual Fund is going to resume its dealing Sunday, following a four-month halt at the dictate of the Securities and Exchange Commission (SEC), the stock-market regulator.  The trade of AIMS First Mutual Fund remained stopped since March 29 to June

Go online paying transport tax, fees

DHAKA: The government opts for collecting transport taxes and fees through online banking and the latest system is expected to increase the annual revenue earnings from this sector by Tk 150 crore.In the meantime, the communications ministry has chosen the Computer Network System Limited

Prospectus of Tk 166 crore, IPO of two companies approved

DHAKA:  Securities and Exchange Commission (SEC) has approved IPO of Tk 16 crore of Active Fine Chemicals Ltd. It has also approved Tk 150 crore prospectus of Green Delta Fast Mutual Fund (GDFMF), according to SEC member Md. Yasin Ali.AFCL will collect Tk 16 crore from Tk 10 face valued

Dhaka decides on transit to Nepal: Draft finalized

DHAKA: Bangladesh agreed in principle to allow transit facilities to landlocked Himalayan country Nepal, as the present government moves to turn the country’s seaports into a regional shipping hub. A draft agreement was finalized Thursday at a secretary-level meeting of the two

Export-import thru Bhomra Land Port suspended

SATKHIRA: Trans border trading through the Bhomra Land Port remained suspended Thursday, for the second consecutive day, as the employees here went on a strike protesting BDR action on an Indian truck driver and seizure of imported fabrics. Over 300 trucks, loaded with perishable items,

Dr. Yunus calls for investment in social businesses

DHAKA: Nobel laureate Dr. Mohammad Yunus Monday called upon all established business houses of the country to invest in social business, the latest innovation in economics he is promoting after his trailblazing work in micro-finance.Dr. Yunus made the call while speaking as chief guest at

Iran oil sales down 24 percent

TEHRAN - Iran`s oil sales for the 11 months to February 2010 fell by 24.3 percent to 59.55 billion dollars (48 billion euros), the Fars news agency reported on Sunday. In a report it said was exclusive, but without quoting a source, the agency said oil sales for the corresponding period

First 5-star resort on CoxÔÇÖs Bazar beach

DHAKA: Sea Pearl Group, an organization of hoteliers, has started building the first five-star hotel styled Sea Pearl Beach Resort and SPA on Cox’s Bazar beach of the Bay of Bengal in conjunction with Interval International.“We have taken a good initiative and this will enrich the

Bangladesh to import 6 lakh MT petroleum from Kuwait

DHAKA: Energy and Mineral Resources Division has sought clearance of the cabinet committee on government purchases for the import 6 lakh metric tonnes of petroleum products from Kuwait.Secretary of the Energy and Mineral Resources Division Mohammad Mejbahuddin sent a letter to the

Euro weak on risk aversion

TOKYO - The euro was under pressure against other major currencies in Asia on Friday as risk aversion grew on falling stock prices ahead of a G20 meeting, encouraging safe-haven yen buying, dealers said. The euro changed hands at 1.2315 dollars in Tokyo morning trade, down from 1.2328 in

C&F agents demand ditching doubled tax on their commission

DHAKA: The Federation of Bangladesh Customs Clearing & Forwarding Agents Associations Thursday demanded immediate withdrawal of an additional tax on their commission in the proposed budget.In the new national budget, now under discussion in parliament, the government has proposed to