Wednesday, 06 Jul, 2022

Business

Pay RMG workersÔÇÖ arrears before Eid, labour minister urges

DHAKA: Labor and Employment Minister Khandaker Mosharraf Hossain Sunday asked the factory owners to pay the salaries, overtime bills and bonus of the garment workers before Eid, as such arrears generate unrest in the industry.“The garment owners are given directive to clear all payments

Booty bonanza in capitalÔÇÖs clandestine downmarket

Dhaka: Once people used to go to Dhaka’s Dholaikhal downmarket to reclaim their much-loved things stolen away. The Dholaikhal model has now been replicated by burglars and pilferers in many parts of the capital.      At least three such swag markets were explored in the city last

Govt offers package perks for investment in power, energy

DHAKA: The government readies a package carrying five attractive facilities for private entrepreneurs who will invest in power and energy fields, as the country cries for the twin-stimulus to feed its growing economy. The facilities include duty-free import of furnace oil and power-plant

BB to ban manual cheque for commercial banks: Atiur

DHAKA: Bangladesh Bank Governor Dr Atiur Rahman Thursday said receiving manual cheque would be banned anytime soon to ensure transparency in monetary transactions."The banks are asked to take preparation," said the Governor about the digitizing move.       The decision came from a

Market declines following SECÔÇÖs strict control on margin loan

DHAKA: The Securities and Exchange Commission (SEC) remained strict on the margin-loan issue, which pulled down the market Wednesday. The DSE general index shed 128.35 points for fixing calculation of companies’ net asset value (NAV) for merchant banks and brokerage houses. The

SEC approves 2 cosÔÇÖ IPOs under book-building method

DHAKA: The Securities and Exchange Commission Wednesday approved initial public offerings (IPOs) of two companies for trading their shares under book-building method.The stock-market regulator in a meeting Wednesday gave the approval to Modern Poly Industries and Alliance Holdings Ltd to

BGMEA to prevent RMG workersÔÇÖ unrest ahead of eid

CHITTAGONG: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has taken special preventive measures so that any untoward situation cannot be created in the garment sector ahead of Eid.The apex body of the business community in the country’s export sector identified 25

Sin-Indo-Bangla tri-national trade partnership underscored

DHAKA: Business community of Bangladesh must be aggressive to maximize trade benefit with India, experts said Monday. They said problems related to Teesta water sharing treaty, Tipaimukh dam, maritime and land boundary disputes and non-tariff barrier in trade must be solved before the

Overinvestment by non-banking financial inst: BB cut motion

DHAKA:  Bangladesh Bank issued a circular Sunday asking all non-banking financial institutions to withdraw from the capital market their investments exceeding 25 percent of their paid-up capital and reserves by December. Article 16 of the Financial Institutions Act 1993 prohibits

Govt to subsidise captive power fuel

DHAKA: The government will subsidise the fuel oil used for large generator or captive power in industries. At the same time, the government is also considering a plan to buy captive power at an agreed rate. An inter-ministerial meeting held at the Energy, Power and Mineral Resources

Anarchy in RMG to be resisted: Speakers

DHAKA: Anarchy in the readymade garment industry ahead of Eid-ul-Fitr will be resisted at any cost, speakers  at a discussion said. The discussion meeting between garment owners and various labour organisations at the BGMEA office at Karwan Bazar in the city also discussed payment of

Shops to remain open as long as there are shoppers after 15th Ramadan

DHAKA: Businessmen and power authorities Sunday decided that shops would remain open as long as there are shoppers after the 15th of Ramadan, as a shopping binge is getting on steam ahead of eid festival. Dhaka Power Distribution Company (DPDC) Ltd and Bangladesh Shop Owners’

Grading the stitches: Ha-Meem group best in Asia

SAVAR: Ha-Meem Group becomes Asia’s best readymade garment factory this year for stitching up quality wears, a second laurel for the dressmaker after lifting last year`s best supplier award `Vender of the Year`.VF Asia Sourcing group and VF US Sourcing and Operation Group jointly gave

Market capital rises despite decline in trade

DHAKA: Despite the Dhaka Stock Exchange (DSE) has witnessed a decline in trading, its market capital increased by Tk 4.5 thousand crore this week.The share market was on a bull run on most of the days this week. Companies of financial, power and energy sector saw a sharp rise in prices.

Another fertilizer factory, petrochemical industry in Ashuganj soon: Industries Minister

ASHUGANJ, Brahmanbaria: Industries Minister Dilip Barua Friday said the government is going to establish another fertilizer factory in Ashuganj soon.“The ministry concerned is working in establishing the factory, Ashuganj Fertilizer Factory-2,” the minister disclosed while visiting

MinistryÔÇÖs ultimatum to Biman: Improve ground handling or lose the job

DHAKA: Civil Aviation and Tourism Ministry has given a three-month ultimatum to Biman Bangladesh Airlines to improve the quality of ground-handling services or lose the business. If the quality of ground handling of air-traffic operations is not improved, the ministry would call

HC again defers hearing on Aims 1st`s right share issue

DHAKA: The shareholders of Aims 1st Mutual fund will have to wait some more days for getting bonus shares as the High Court deferred to August 25 the hearing on a writ petition challenging the regulator’s decision against the fund’s declaration on issuing right shares. An HC bench

Market monitoring teams fine 14 businessmen for price fixing

DHAKA: Market monitoring teams of Commerce Ministry on Thursday fined 14 businessmen of three city markets for price fixing of essential commodities.The price monitoring drive led by deputy secretary of Commerce Ministry Shahidul Islam, deputy secretary Md. Enamul Haque Enna and deputy

Six airlines to carry pilgrims as third carrier to cope with hajj rush

DHAKA: Six airlines will carry pilgrims as third carrier this year to cope with hajj rush, as flight crisis in operating Dhaka-Jeddah sorties during the time remains a perennial problem.Civil Aviation Minister GM Quader announced the arrangement at a press briefing at his ministry after a

Indo-Bangla Friendship cycle rally in Benapole

BENAPOLE: The India-Bangladesh Friendship Cycle Rally has arrived in Benapole on Wednesday.   Sukanto Sangsad, Sharsha upazila administration, Benapole C&F Agent Association and Jessore Kishor Bahini Obhaththana Committee welcomed the rally at Benapole Check post. Coordinator of Jessore