Wednesday, 30 Nov, 2022

Business

Mobiles, TVs to cost even more on rupee fall

DHAKA: Prices of mobile phones, laptops, TV sets and printers are set for a second hike in as many months as the rupee has upped costs for companies just ahead of the crucial festive season.Companies said the pressure from a depreciating rupee refuses to ease and uncertainty persists over

BD to buy more cotton from Uzbek

DHAKA: Bangladesh plans to import 200,000 tons of cotton a year from Uzbekistan in a new deal to be finalized soon.Negotiations are underway to set its terms in a Memorandum of Understanding between the two governments, the Financial Express quotes Bangladesh Garment Manufacturers and

Ashuganj fertilizer factory goes phut again

BRAHMANBARIA: Urea fertilizer manufacturing at Ashuganj Zia Fertilizer Factory halted for mechanical breakdown early Thursday, for a fifth time in less than three months.Factory sources said leakage in the boiler forced the suspension of production. The factory’s daily output is 1400

DFID to assist BD in making dams, cyclone centers

DHAKA: The Department for International Development (DFID) of the United Kingdom will assist Bangladesh in making protection embankments and cyclone centers in coastal areas of Bangladesh.State Minister for DFID R.T Hone Allan Dancan gave the assurance Tuesday when Food and Disaster

BERC to cut fees for establishing captive power plant

DHAKA: The government has taken initiative to motivate private- sector entrepreneurs with cut-down costs for generating power as the country is suffering a lot for chronic electricity crisis.  So, Bangladesh Energy Regulatory Commission (BERC) decided to cut license, renewal and

United Airways adds four aircrafts soon

DHAKA: United Airways, a non-government airliner of the country and the sole aviation company in the capital market is going to add four more aircrafts in its service soon. Purchase process for one Airbus A-310/325 and three ATR aircrafts is already underway, an insider source

Holcim celebrates 10 years in Bangladesh

DHAKA: The sales team of Holcim Bangladesh celebrated its 10-year journey in Bangladesh through a colorful gathering recently. “Holcim Bangladesh started its journey by acquiring Hyundai in 2000 and since then has been operating in the country as one of the leading brand of the

Malaysia to take more workers from Bangladesh: Mosharraf

DHAKA: Expatriates Welfare and Overseas Employment Minister Khandaker Mosharraf Hossain Wednesday said the Malaysian government showed interest in taking 6,000 more workers from Bangladesh, bending a virtual ban.       “They would also take labourers from Sudan, Jordan, Congo. So,

Eastern Bank introduces corporate visa card

DHAKA: Eastern Bank Ltd for the first time in the country is going to introduce corporate visa card for the officials and employees of corporate houses for serving the clients.Officials of any corporate company will be able to meet their all expenses during business tours, reception and

Jamuna, Ashuganj fertilizer factories resume production

ASHUGANJ: Country’s two big fertilizer manufacturers--Jamuna and Ashuganj Zia factories--resumed operation Tuesday, well ahead of the biggest farming season. Jamuna Fertilizer Factory at Tarakandi in Jamalpur district began production of urea fertilizer Tuesday after four months’

Janata Bank to penetrate stock market under book-building method

DHAKA: The state-owned Janata Bank Limited is going to get enlisted with the capital market under the book-building method for avoiding unwarranted dispute over premium fixing. Sources in the Securities and Exchange Commission (SEC) confirmed the matter to banglanews Monday. The SEC

Economists for utilizing remittance rather than foreign aid

DHAKA: Country’s economists Monday suggested the government properly utilize a glut of foreign exchange sent by expatriate Bangladeshis in remittances instead of depending on drip-feed of foreign aid. They gave the opinion at a discussion titled ‘Joint cooperation strategy:

UCB holds EGM and 25th, 26th, 27th AGMs

DHAKA: United Commercial Bank Ltd (UCB) held its Extra-Ordinary General Meeting and the 25th, 26th and 27th Annual General Meetings (AGMs) for the years 2008, 09 and 2010 at a city hotel on Sunday.UCB Chairman MA Hashem presided over the meeting, said a press release.In the AGM, the Board

Natore sugar mill workers agitate for wage scale

NATORE: The workers and employees of Natore Sugar Mills staged demonstrations Monday to press for declaration of a separate wage scale for them.As part of their agitation plan, they brought out a protest procession at about 8 am and demonstrated on the factory premises.Later, leaders of

Gas stations to remain shut, power outages also may rise

DHAKA: Government authorities decided that the daily six-hour shutdown on gas stations will continue, while indications have it that power outages may also increase.The decision on the motor-fuel rationing came from a meeting at Energy division Sunday, said Prime Minister`s Energy Adviser

North Bengal Sugar Mill workers stage sit-in demo in Natore

NATORE: The workers and employees of North Bengal Sugar Mills Saturday staged a sit-in demonstration to press for declaration of a separate wage scale. General Secretary of Mill Workers-Employees Union Anwar Kamal told banglanews, “The workers and staffers of the sugar mill staged

FBCCI for special cell to curb extortion over phone

DHAKA: Business leaders demanded the formation of a special cell in the police headquarters to thwart threats for extortion by phoning. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) raised the demand before Inspector-General of Police Hasan Mahmud Khandaker and

Anthrax row: meat traders issue 15-day ultimatum

DHAKA: Hard-hit by their business crash, meat traders of the city threatened movement if the government failed to pacify the panic of anthrax and make the meat trade normal within 15 days. They issued the ultimatum from a discussion at Gabtoli on Friday afternoon. “The capital will be

Apparels worth a crore taka lost, compensation case for 11 cr filed

CHITTAGONG: A compensation case seeking eleven-and-a-half-crore taka in damages has been filed with a court of the port city following the loss of apparels worth about one-crore taka from security zone of Chittagong seaport.The authorities of the Chittagong Port Authority, including its

Investigation to trace Fine Food share-price hike

DHAKA: The Securities and Exchange Commission Thursday formed a two-member committee to probe an unusual hike in share prices of Fine Food Ltd company.In its edict the market watchdog asked the probe body headed by director of SEC Mir Mosharraf Hossain to submit its investigation report