Thursday, 18 Apr, 2024

Business

DSE asks to suspend GM Asadullah

DHAKA: Bangladesh Securities and Exchange Commission (BSEC) asked to suspend Dhaka Security Exchange (DSE) general manager Khandaker Asadullah for breaching securities laws doing illegal share business.The decision came from the 524th BSEC commission meeting on Tuesday, said a press

BD, Nepal agree to set up power plant

DHAKA: Bangladesh and Nepal have agreed to build joint hydraulic power plant. The decision was taken after a ministerial meeting on Wednesday.After the meeting, a press briefing held at city hotel.Bangladesh state minister for power, energy and mineral resources minister Nasrul Hamid

ADB to lend Tk 10cr USD for rail

DHAKA: The government signed a Tk 10 crore US Dollar loan deal with Asian Development Bank (ADB) for the development of railway. The deal was signed on Wednesday at Economical Affairs conference room under the Railway Sector Investment Project-3. On behalf of government, Economical

AB Bank hosts Iftar for media personnel

DHAKA: AB Bank Limited, the first private sector bank of the country, hosted an Iftar Mahfil in honour of Media personnel of the country.  Journalists, from print & electronic media and related media personnel were present at the Iftar Mahfil. High officials of the bank were also

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 18 points only to stand at 4,344 at the close on the first trading day of the week. Trade deals stood at 43097 with volume of transactions at Tk

Deal singed for Dhk-Ctg expressway

DHAKA: The Communications Affairs Ministry on Thursday singed an agreement with four international companies to implement the ‘Dhaka-Chittagong Expressway Construction Project’.The ministry’s Roads and Highways Department (RHD) singed the deal with SMC International Private

No obstacle to get back GSP

DHAKA: Commerce Minister Tofail Ahmed said that there were no more obstacles to get back Generalized System of Preferences (GSP). He came up with the assertion while addressing a press conference at his secretariat office in city on Sunday noon. Returning from U.S the commerce minister

Need for Green Business

DHAKA: A Nordic trade delegation is staying on Dhaka now to know detail potentialities and possibilities of renewable energy usages to do business in Bangladesh. The delegation held a discussion on running business through use of renewable energy – Green Business – at the Westin

Tk. 86000 cr ADP for FY-2014-15

DHAKA: The government is going to allocate Tk. 86,000 crore for the country’s ever largest Annual Development Programme (ADP) for the fiscal year 2014–15.  The ADP was placed at the meeting of the National Economic Council meeting on Tuesday chaired by Prime Minister Sheikh Hasina.

Yunus Launches European Social Business Week in Sweden

DHAKA: Second European Social Business Week was held in Lund and Malmö on May 12–16.Nobel Laureate Professor Muhammad Yunus participated in the week long forum as the chief guest.Social problems in Europe and their solutions were discussed and explored by and with academics,

Bourses see fall Monday

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Monday. The Dhaka Stocks Exchange broad index shed over 38 points to stand at 4,364 at the close on the second trading day of the week. Trade deals stood at 61,701 with transaction at Tk 2,170

HC orders Anisul to buy shares

DHAKA: The High Court on Monday asked former FBCCI president Anisul Haque to buy shares of two directors of Desh Energy Company with market price.      An HC single bench of Justice Rezaul Hasan passed the order after a hearing on show cause notice in this regard. Barrister

Stocks witnessing fall

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Monday. The Dhaka Stock Exchange Broad Index (DSEX) shed over zero point to stand at 4,401 at 12:05pm. Trade deals stood at 22,897 with volume of transactions at Tk 771 million. Of

Gold worth TK 1cr seized at Shahjalal

DHAKA: Customs officials seized three gold bars, weighing 2.1 kilograms and worth about Tk 1crore, from the possession of a passenger of a fight of Tiger Airways at Shahjalal International Airport. Confirming the matter Airport Customs Assistant Commissioner Israt Jahan said that acting

China says faster economic reforms needed

DHAKA: China will try to quicken the pace of economic reform this year as part of the government’s efforts to arrest a slowdown in the world’s second-largest economy. The country’s top economic planning agency said late on Saturday, The Straits Times publishes this report on

Market showing mixed

DHAKA: Trading on the country’s two bourses is underway showing mixed trend in share-price indices on Sunday. The Dhaka Stock Exchange (DSE) broad index rose over two points to stand at 4,419 at 11:55 am. Trade deals stood at 17537 with transaction at Tk 685 million. Of the issues

General Motors fined $35m over recall

DHAKA: US car manufacturer General Motors has been fined $35m(£20.8m) for delays in recalling small cars with faulty ignition switches. The fine is the maximum allowed by US law. GM said it had already begun reviewing its processes and policies to avoid future delays to recalls of this

3rd well of Shahbajpur gas field opens

BHOLA: The drilling work of the third well in the Shahbajpur gas field was inaugurated in Borhanuddin upazila of the district on Friday noon. Commerce Minister Tofail Ahmed inaugurated the drilling around 12:30pm. Shahbajpur Gas filed in-charge Shahdat Hossain said that the third well

Sensex up 1,400 Points as NDA Leads

DHAKA: The BSE Sensex soared over 1,400 points to a new record high as the BJP-led National Democratic Alliance headed for a win in the 16th Lok Sabha elections. The Sensex crossed the psychological 25,000 for the first time. The 50-share Nifty surged over 400 points to an all-time high

Indian rupee hits near 10-month high

DHAKA: The rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. Hopes that the Bharatiya Janata Party and its