Thursday, 29 Oct, 2020

Business

Tk 26 lakh looted from Export-Import Company in city

Dhaka: Terrorists looted Tk 26 lakh from an export-import company in the city’s Moghbazar area Wednesday night injuring its night guard. Police, however, rescued injured guard Hekmat Ali, 55, from the spot and sent him to Dhaka Medical College Hospital (DMCH). Quoting Hekmat, Ramna

Index of share market records fall, exchange of shares rises

DHAKA: The index of Dhaka Stock Exchange (DSE) marked a slight fall following slide in prices of shares Wednesday, the fourth day of the week, but exchange in monetary terms in trading was higher.In the previous week, shares suffered a huge loss during the first two days, but the market

Widen tax net, invest black money in productive sectors, recommends FICCI

DHAKA: Foreign Investors’ Chamber of Commerce and Industry (FICCI) suggested the government to go for casting wide the tax net by reducing tax rates in the proposed budget for the FY 2010-11, which is being tossed by parliament before its passage within a week.The chamber representing

Gas production at offshore Bangura field to resume by Friday

DHAKA: Petrobangla authorities Wednesday said gas production at Bangura field would resume within two days, which would lessen a little the current fuel crunch.“We hope to resume it either on Thursday night or on Friday morning,” chairman of the country’s Mineral Oil and Gas

Mobile operators demand withdrawal of proposed tax on SIM card

DHAKA: Mobile-phone operators Tuesday demanded withdrawal of VAT that has just been imposed on mobile SIM (Subscriber Identity Module) cards in the proposed national budget.They also demanded reduction of compensation amount and inclusion of provision for appeal in the amended Telecom

AK Azad new FBCCI president

DHAKA: Chairman of Ha-meem Group and publisher of the dail+y Samakal AK Azad has been elected president of the of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), country’s apex trade body.Besides, Jasimuddin and Mostafa Azad Chowdhury have been elected 1st and 2nd

Azad-Jasim panel triumphs in FBCCI polls

DHAKA: The Azad-Jasim panel triumphed in the ninth biennial election of the country’s apex business body, FBCCI, securing the majority of directors both in Chamber and Association groups.The panel bagged 21 posts of director out of 28 under the Chamber and Association groups.Its rival

Golden Son jacks up capital to Tk 200 crore

DHAKA: Golden Son Ltd Saturday decided to jack up its authorized capital from Tk 50 crore to Tk 200 crore, in a big boost to the engineering company.The decision on steeply increasing the capital came from a general meeting of the firm at Chittagong press club.Besides, the company decided

BPALC demands time for taxation in capital market

DHAKA: Bangladesh Association of Publicly Listed Companies (BAPLC) expressed concern over the imposition of tax on capital gains and primary shares in the proposed budget 2010-11 FY.“The government should give one year more before imposing such a kind of tax,” said Salman F Rahman,

SEC approves right share of Macsons spinning, Mutual Fund Prospectus of Popular Life

DHAKA: The Securities and Exchange Commission (SEC) Thursday approved proposal of Maksons Spinning Mills on floating right shares and Mutual Fund Prospectus of Popular Life.The approval was given for the two listed companies at a meeting of the stock-market regulator.SEC sources said

BLPG Launches new LP gas cylinder

May 29, 2010   Bashundhara LP Gas Limited has brought a new LP gas cylinder into the market. The 45 kg cylinder has been launched at Baton Rouge, Gulshan here at Dhaka today. The Additional Managing Director of Bashundhara Group Mr. Safwan Sobhan formally unveiled the cover and

MCML nominated for ÔÇÿKhulna Divisional Environment Medal ÔÇô 2010ÔÇÖ

June 07, 2010Meghna Cement Mills Limited, an industrial concern of the Bashundhara Group, has been nominated for the ‘Khulna Divisional Environment Medal – 2010’ for using environment-friendly element in production.King Brand Cement, a leading product in the South-Eastern region of

First airway to trade on stock market <br>United Airways IPO lottery spins Tk 886 cr

DHAKA: United Airways Limited was the first aviation company ever to trade on the stock market when it bagged Tk 100 crore through the lottery of its IPOs held at Bangabandhu International Convention Center on Tuesday morning.A total of 12,32,219 people had applied against 1.6 lakh lots

Caught up in logjam of lawsuits

DHAKA: Caught up in a logjam of lawsuits, mostly seen as dubious, many investors have been deprived of due dividends and profits from their capital invested in the capital market for years. The long-pending cases have been filed against many companies trading on the capital market by the

Stock market rebounds after slump

DHAKA: Share prices on Dhaka Stock Exchange (DSE) saw an upturn Tuesday after a disheartening sharp decline Monday.Though the price indices and market investment marked signs of recovery, the volume of share trade, however, decreased slightly from the previous day’s mark.Some investors

DCCI delegates depart for ChinaÔÇÖs Kunming

Dhaka: A 32-member-strong team of Dhaka Chamber of Commerce and Industry left Dhaka for Kunming Friday to attend the 18th China Import and Export Commodities Fair 2010. DCCI vice-president M Shahjahan Khan is leading the delegation to the fair in the eastern Chinese province.This year

DSE to start Internet-based trading by December

Dhaka: Dhaka Stock Exchange is going to start Internet-based trading system by December under an agreement already signed between the DSE and Kepbridge Solution, an Indian software company, facilitating transaction of share trade by people sitting at home.  As per the deal, Internet

Price rises of ICB Islami Bank shares SEC orders probe

Dhaka: The Securities and Exchange Commission Tuesday ordered a probe into the bull run of the ICB Islami Bank on the stock market, as its shares saw sharp price rises. At the watchdog’s bidding, a two-member probe committee headed by Md Rezaul Karim, Director of the SEC, was formed on

None to do PR for SEC in regulating stock market

DHAKA: The Securities and Exchange Commission, the stock-market watchdog, has been working since 1993 without any separate public relations department to disseminate information on its regulatory work. As a result, common investors are being deprived of important information

SECÔÇÖs direction on Mutual Fund private placement soon

Dhaka: Stock-trade regulator Securities and Exchange Commission (SEC) is set to issue a new direction on allocation of private placement of mutual funds, putting a cap. As per the new directive, any individual will be allowed to spend up to Tk 10 lakh to buy private placement shares. An