Friday, 29 Mar, 2024

Business

Kobe Governor keen to invest in BD

DHAKA: The mayor of Kobe (in Hyogo Prefecture), the sixth-largest city in Japan, Kizo Hishamoto said that entrepreneurs in Kobe were deeply interested to invest in large infrastructure projects in Bangladesh. The structures include water treatment plant, power plant,

HSBC hires head for M&A Asia Pacific

DHAKA: HSBC Holdings has hired former Barclays banker Jason Rynbeck as its head of mergers and acquisitions for Asia-Pacific, according to people with direct knowledge of the matter. Rynbeck left Barclays on May 8, Reuters previously reported, amid a global shrinking of the lender's

India special task force to find ‘black money’

DHAKA: India has set up a special task force to find illicit money, in one of the first decisions taken by the government of new prime minister Narendra Modi. The special investigation team (SIT) would seize ‘black money’, cash that has not been declared or taxed and is mostly

HC stay order on REHEB polls stayed

DHAKA: The Supreme Court on Wednesday stayed of HC’s stay order that prohibited the election of Real Estate and Housing Association of Bangladesh (REHAB) for three months. Chamber judge Justice Hasan Fayez Ahmed handed down the order following appeal against HC stay order and sent the

Charge against 16 Prime Bank officers okayed

DHAKA: The Anti Corruption Commission is likely to submit charge-sheet with the court against 38 people including 16 officials of Prime Bank Limited for misappropriation of Tk 95 crore. The watchdog also recommended divisional punishment to 15 more officials of the bank in this regard. 

HRW for releasing reports

DHAKA: The Human Rights Watch said the Bangladesh government should make the reports on the findings of RMG factory safety inspections public.  “Reports should be published in Bangla as well as English so that they are accessible to workers,” it added. “Efforts to make the

Stock witness gain Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday. The key index of Dhaka Stock Exchange, DSEX, rose over 15 points to stand at 4,430 at the close on the fourth trading day of the week. Trade deals stood at 71,366 with transaction at Tk

BD to form taskforce for Japanese investors

DHAKA: Prime Minister Sheikh Hasina announced to form a taskforce to make easy the process of business in Bangladesh for Japanese investors.  The premier made the proclamation Tuesday while addressing a seminar at the Headquarters of Japan External Trade Organization (JETRO) on

Azam J Chowdhury new chairman of PBL

DHAKA: Prominent businessman Azam J. Chowdhury has been re-elected as Chairman of Prime Bank Limited (PBL) Board of Directors for next two years. The decision which came in a board meeting of the bank, would be effective from June 1. Azam is an elite industrialist and entrepreneur in

Joint statement on Japan-Bangladesh comprehensive Partnership

DHAKA: A joint statement was issued Tuesday on the outcome of the official visit of the prime minister of the people's republic of Bangladesh to Japan.   The statement reads as below: Joint Statement ON THE OUTCOME OF THE OFFICIAL VISIT OF THE PRIME MINISTER OF THE PEOPLE'S

Britain retains top slot in foreign investment ranking

DHAKA: Britain and Germany topped an annual ranking of foreign investment projects in Europe while France lagged behind though its numbers were on rise. A study showed on Tuesday, reports The Straits Times. Retaining its top position, Britain saw the number of foreign investment

Warrant in Hall-Mark scam June 29

DHAKA: A Dhaka court Tuesday fixed June 29 to issue arrest warrant order against Hall-Mark managing director Tanvir Ahmed and its chairman Jesmin Islam in a new case of Sonali Bank.   Dhaka's Money Loan Court-1 Justice Rabiuzzaman fixed the date following the loan default case. Earlier

One more case filed against Hall-Mark

DHAKA: Sonali Bank filed another case against Hall-Mark managing director Tanvir Ahmed and its chairman Jesmin Islam for a loan default of TK 450 crores. On behalf of Sonali Bank, Abdus Salam, executive officer of the bank’s Rupashi Bangla Branch, filed the case with Dhaka's Money Loan

Basic Bank’s new MD Sobhan

DHAKA: Fazlus Sobhan, Senior Deputy Managing Director of Basic Bank Ltd, has been promoted to Managing Director as Fakhrul Islam was sacked on charge of massive irregularities and financial scam. The decision came from an urgent meeting of the board of director on Monday.  Sobhan

Basic Bank’s new MD Sobhan

DHAKA: Fazlus Sobhan, Senior Deputy Managing Director of Basic Bank Ltd, has been promoted to Managing Director as Fakhrul Islam was sacked on charge of massive irregularities and financial scam. The decision came from an urgent meeting of the board of director on Monday.  Sobhan

Basic Bank loan distribution prohibited

DHAKA: Bangladesh Bank (BB) has prohibited loan disbursement in three branches of state-owned specialized Basic Bank after a day of sacking its managing director Kazi Fakhrul Islam over scam.Bangladesh Bank authorities said the prohibition order only for temporary basis.The branches are

ACC grills RAZUK member Mannan

DHAKA: The Anti-Corruption Commission (ACC) grilled Rajdhani Unnayan Kartipakkha (RAZUK) member (planning) Sheikh Abdul Mannan for the sake of probe into the case against Expatriates' Welfare Secretary Dr Khandaker Shawkat Hossain. ACC deputy director Jaton Kumar Roy, also Investigation

Deal with Orion to loss Tk 30,000cr!

DHAKA: Three more coal-fired power plants will be awarded to Orion group at an exorbitant high rate. This will incur loss of the government to the tune of Tk 2,041 crore annually. Earlier, three power plants were awarded to this inexperienced local company. The rate mentioned in the new

Stocks witness mixed Monday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Monday. The broad index of Dhaka Stock Exchange, DSEX, rose over zero point to stand at 4,378 at the close on the second trading day of the week. Trade deals stood at 59,158 with transaction at Tk

India’s once iconic Ambassador car stalls

DHAKA: Hindustan Motors, India’s oldest car maker, shut down its factory at Uttarpara in West Bengal, where it has been making the Ambassador, based on Britain’s long-defunct Morris Oxford, since 1957.‘Work has been suspended indefinitely at the Uttarpara factory. It is being done