Wednesday, 06 Jul, 2022

Business

Go Digital: Pay through treasury sitting at home

DHAKA: Government’s treasury slip or challan could be submitted online within six months—seen as an epoch-making change in the troublesome outmoded system, thanks to the digitization process.At the same time, visitors’ slip at the Secretariat will also be made available online to

SEC to audit financial statement of listed cos

DHAKA: The Securities and Exchange Commission (SEC) may audit faulty financial statement of any company listed with the capital market.The SEC will also recruit auditor in order to implement its decision, a meeting of the stock market regulator decided Wednesday.SEC’s Executive Director

Interest rate on micro-credits be fixed in consultation with stakeholders

DHAKA: Bangladesh Bank Governor Dr Atiur Rahman said Wednesday interest rates on micro-credits would be fixed after discussion with the stakeholders, as the NGOs reportedly charge exorbitant interests.He also called upon the organizations supplying micro-credits to reduce operational

SEC approves right share of Bay Leasing

DHAKA: The Securities and Exchange Commission (SEC), regulator of the capital market, Wednesday approved the right share of Bay Leasing and Investment Limited.The SEC at a meeting gave the approval allowing the shareholders to get a right share against a general share.Bay Leasing will

Dilip gives deadline: remove dangerous chemical industries by Aug 17

DHAKA:  Industries Minister Dilip Barua Tuesday asked the traders running dangerous chemical industries to remove their factories from the old part of the capital by August 17. “The government will not extend the date any further,” the Minister said addressing a discussion meeting,

Saudia Airlines charging extra from hajj pilgrims

DHAKA: Saudi Arabian Airlines “Saudia”, one of the designated carriers of hajj pilgrims, has been charging extra fare from the hajj pilgrims, the pilgrims and hajj agencies alleged. Government’s blind eye towards the issue gave license to the monopolizing airliner to be engaged in

Faruk urges businessmen not to be profit monger

DHAKA: Commerce Minister Faruk Khan Sunday urged the businessmen to give up the habit of making extra profit that tarnishes business community’s image.“Business does not mean that you will just make profit. It is a service to the nation as well,” said Faruk. He was addressing a

FBCCI for cancellation of business license during Ramadan price hike

DHAKA: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sunday recommended that the government should cancel license of those businessmen who would hike price of essentials during Ramadan. “The FBCCI would do its best to keep prices of essentials within tolerable

Delinquent dealer in stocks: SEC suspends trading by Arafat Securities

DHAKA: The Securities and Exchange Commission Sunday suspended stock trading by a brokerage house on Dhaka Stock Exchange (DSE) for opening its branch without prior permission.The suspension would be effective for a month from Monday for Arafat Securities who opened branch without

Governor annoyed at performance of BB Sadarghat branch: staff hand him 10pt demands

DHAKA: Bangladesh Bank Governor Dr Atiur Rahman Sunday expressed dissatisfaction with the performance of the central bank’s Sadarghat branch.The governor gave vent to his resentment while visiting the BB branch at the busy river port in the capital.He directed the bank employees and

City Bank introduces two new services

DHAKA: City Bank Ltd, a private commercial bank in Bangladesh, has introduced two new services for the students and patients intended to go abroad for education and treatment purposes.Deputy Managing Director (Marketing) of the bank Suhel RK Hussein inaugurated the services -- City

BD Clothing Show in UK in September

DHAKA: The textile industry of the country is all set to hold its first-ever exhibition in the UK in a bid to accelerate its growth by creating outsourcing scope as well as markets all over the globe.Alliant event management in Bangladesh and GenX UK Limited jointly will organise the fair

CSEÔÇÖs Road Show on ITS in Khulna

KHULNA: Chittagong Stock Exchange organized its 2nd road show on Internet Trading Service (ITS) in Khulna on Saturday to make Internet-based trading popular among local investors.Investors in the CSE so far are reluctant to use the ITS for lack of knowledge of the services. The ITS was

Bangladesh Bank introduces LED lamps

DHAKA: Bangladesh Bank is going to introduce LED lamps (light emitting diode) in governor’s floor next month in a bid to save power consumption. “We will introduce LED lamps to save energy as the country is facing worst crisis in this sector,” Bangladesh Bank (BB) governor Dr. Atiur

15 ICB mutual fundsÔÇÖ dividends declared

DHAKA: Investment Corporation of Bangladesh Limited (ICB) on Thursday declared dividends of its 15 mutual funds for the 2009-10 fiscal.Of mutual funds, eight funds are being running by Investment Corporation of Bangladesh Limited and others by ICB Asset Management Company Limited.The

Govt announces wage scale for RMG workers: effective Nov 1

DHAKA: The government Thursday announced Tk 3,000 as the minimum wage for readymade garment workers, nearly doubling the amount from Tk 1,662.50, although the labour side stuck to their guns for a much higher pay.Labour and Employment Minister Khandaker Mosharraf Hossain made the

BB Governor urges for risk free banking sector

DHAKA: Bangladesh Bank Governor Dr Atiur Rahman Thursday warned the commercial banks of their over enthusiastic investment in the capital market.  “You must make the banking sector risk-free and must not push the sector into an extra-risk for temporary profit,” he said addressing the

Big boost to PPP: Infrastructure Finance Fund made company

DHAKA: The dormant development paradigm embodied in PPP got a boost as the government Thursday decided to turn Bangladesh Infrastructure Finance Fund (BIFF) into a company for attracting private investment into country’s infrastructure sectors.With Prime Minister Sheikh Hasina in the

Tk 741.51 crore CCC budget announced

CHITTAGONG: Chittagong City Corporation (DCC) Thursday announced a Tk 741.51 crore budget for 2010-11 fiscal, giving priority to removal of the perennial problem of water logging from the port city. The newly elected CCC mayor, M Manjur Alam, announced the budget in a press conference at

Two ships built to export to Germany

CHITTAGONG: Two more ships with 5,000 dead weight tonnes capacity are now ready for export to Germany. Western Marine Shipyard, a local shipbuilding company, has built the “EMS Sea” and “EMS River” which can carry cargo and container, Managing director of Western Marine Md