Sunday, 04 Dec, 2022

Business

Cathay Pacific to cancel all flights ahead of typhoon

DHAKA: Hong Kong flag carrier Cathay Pacific said on Saturday it will cancel all flights, a day ahead of the anticipated arrival of Super Typhoon Usagi, the most powerful storm of the year.Usagi, forecasted to be closest to Hong Kong on Sunday and Monday, could pose a ‘severe threat’

RCMP gets sensational info!

DHAKA: The Royal Canadian Mounted Police (RCMP) got some sensational information on Padma Bridge corruption where some Bangladesh government high-up’s involvement was found.Sources said SNC-Lavalin officers had linked to some Bangladeshi men through E-mail.Besides, RCMP submitted the

Remittance through mobile payments

DHAKA: A subsidiary of First Global Data Limited, F1Soft International, signed a tri-party agreement with Bangladesh Commerce Bank and Hypertag Solutions Ltd to provide with mobile money, domestic and international remittance software. Hypertag is F1Soft’s local Bangladesh partner and

Padma bridge hearing on Nov 1

DHAKA: Ontario Superior Court of Justice, Toronto of Canada on Thursday morning shifted the date of pre-trial of much-talked-about Padma Bridge scam on November 1.This shift order came as the Prosecution applied to the Court that they want to sue former vice president of SNC Lavalin Kevin

Ireland officially exits recession

DHAKA: Bailed-out euro zone nation Ireland exited recession in the second quarter with economic growth of 0.4 percent.Ireland official data showed on Thursday, reports The Straits Times.Ireland fell into recession in late 2012 but returned to growth in the three months to June of this

Stocks witness fall Thursday

DHAKA: Country’s stock markets marked fall in its price indices on Thursday, the last trading day of the week.The key index of Dhaka Stock Exchange, DSEX, shed over 18 points only to stand at 4,118 at the close of day’s trading.Trade deals stood at 1,28,183 with volume of transactions

Airtel to launch 3G in October

DHAKA: One of the leading mobile operators Airtel Bangladesh is going to launch 3G service in October in Dhaka and Chittagong primarily.Airtel Bangladesh Chief Executive Officer (CEO) and Managing Director Chris Tobit came up with the disclosure at Banani, Airtel office in a press

Tokyo riskiest city for business

DHAKA: Japan’s Tokyo-Yokohama region is the riskiest place in the world to do business, in terms of the potential human and economic costs of a possible natural catastrophe.A study found on Wednesday, reports The Straits Times.The study, by reinsurer Swiss Re, ranked 616 cities around

ACC to hold dialogue in 64 dists

DHAKA: Anti Corruption Commission (ACC) is set hold dialogues with candidacy aspirants in the upcoming general election from various political parties including Awami League and BNP in all 64 districts. ‘ACC Talks’ would be arranged to make both candidates and voters aware about

Tea prices flat, sales drop

DHAKA: Tea prices showed a little change at a weekly auction on Tuesday due to weak demand from local buyers, as sales volume also dropped in spite of a fall in supplies.   The average price of tea was Tk 195.08 ($2) per kg against Tk 195.22 in the previous sales, said an official of

BD to import 50,000 tonnes wheat

DHAKA: State grains buyer issued an international tender on Wednesday to import 50,000 tonnes of wheat, for the fourth time in 2012-12FY.Sources said that the deadline to submit offers is October 1, with validity up to October 9, under the condition that the wheat is to be shipped in 40

RMG workers’ bank account with Tk 100

DHAKA: From now, all readymade garment workers can open a bank account with only Tk 100.Bangladesh Bank (BB) has directed all government and private banks in this regard through a gazette notification.BB assistant spokesman AFM Asaduzzaman confirmed the matter to banglanews on

DHL drives road safety in Bangladesh

DHAKA: DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, in conjunction with Awareness of Defensive Driving & Road Engineering for Safe Society (ADDRESS), held a workshop recently to provide both DHL Bangladesh’s drivers as well as its vendors’

Bangladesh still Number One

DHAKA: Retailers are betting on Bangladesh`s garment industry more than that of any other country in the coming years, new research shows, despite recent deadly factory accidents that have put their reputations at risk.Bangladesh`s $20 billion garment business came out ahead of smaller

Stocks see fall Tuesday

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, shed over 19 points to stand at 4,118 at the close on the day trading.Trade deals stood at 1,70,420 with transaction at Tk 6,294 million. Of the

IFIC opens Cash Booth at Uttara

DHAKA: IFIC bank, Private Commercial Bank opened one more Cash Booth (utility collection booth) at Uttara in the capital Monday. Former President and Chairman of Uttara Women’s Medical College Dr AQM Badruddoza Chowdhury inaugurated the booth at the college premises.Member Secretary of

World Bank warns on US debt crisis

DHAKA: The president of the World Bank, Jim Yong Kim, has warned that the United States is just ‘days away from a very dangerous moment’ because of the government’s borrowing crisis.He urged US policymakers to reach a deal to raise the government’s debt ceiling before Thursday’s

DU-IFIC Bank Sign Trust Deed

DHAKA: A Trust Deed between University of Dhaka (DU) and IFIC Bank Ltd was signed on Thursday at a simple ceremony held at the Vice Canceller’s office of the university. Treasurer of university Professor Dr M Kamal Uddin and Managing Director of IFIC Bank Ltd Shah A Sarwar signed the

Biman seeks managing partner

DHAKA: Biman Bangladesh Airlines is looking for a Gulf-based or South-east Asia-based airline investor and partner after the government cleared the launch of its maiden IPO offer.The national carrier has floated a tender to offload 61 percent of the government`s stake to a strategic

Blackberry to slash global workforce by 4,500

DHAKA: Blackberry has said it will cut 4,500 jobs as the struggling Canadian smartphone maker retrenches in the face of hefty losses and weak sales of its new handsets.The once high-flying international market leader said on Friday it expected to report a net operating loss next week of