Sunday, 02 Oct, 2022

Business

Stampede amid fire panic at 2 Ctg garment factories: 40 workers wounded

CHITTAGONG: At least 40 people were injured in stampedes amid fire panic at two garment factories in Kalurghat industrial area in the district Saturday.     "Twelve of the injured were rushed to Chittagong Medical College Hospital," said a spot report. Sources said Dress Shirts Ltd of

Banking without counterfeit dollar detector!

DHAKA: Bangladesh Bank and other commercial banks lack necessary equipment to detect counterfeit foreign currencies, particularly the dollar, which leaves a chance for swindlers to cheat the commoners with fake notes. Organised gangs of forgers take the chance, resulting in an increase of

No donor aid with strings tying the use: Faruk Khan

DHAKA: Commerce Minister Col (retd) Faruk Khan said Bangladesh, as a least developed country, needs financial assistance from donors for enhancing trade capability, but no aid with strings binding the use."No financial aid for unnecessary project and with illogical conditions would be

Meat, soyabean oil prices fixed for Ramadan: oil Tk 80 per kg, local beef Tk 250, mutton Tk 350 a kg

DHAKA: A piece of good news for the city-dwellers: buy pure soybean oil at Tk 80, local beef Tk 250 and mutton Tk 350 per kilogram during Ramadan. The rates for the much-consumed essentials for the upcoming month of fast and festivals have been fixed by government authorities.Dhaka City

SEC rejects appeal by Arafat Securities for fine exemption

DHAKA: The Securities and Exchange Commission (SEC) rejected an appeal by the Arafat Securities Limited (ASL) for exemption of fine that the regulator had earlier imposed for irregularities by the brokerage house.The SEC took the decision at its meeting, a competent source confirmed.

Pranab comes Saturday on short trip, oversees US$1 bn credit agreement signing

DHAKA: Indian Finance Minister Pranab Mukherjee arrives here Saturday on a short visit when he will oversee Bangladesh signing a credit deal with India and also do the spadework for his premier’s tour.  “Pranab would arrive in Dhaka on Saturday afternoon by a special plane. His visit

BPC motel NetangÔÇÖs hospitality service nosedive on bay beach

DHAKA: Netang, one of attractive seafront motels of Bangladesh Parjatan Corporation located on the bay beach at Teknaf, seems to have lost its past glory for a shabby run on lease.Lessee Ms North-South Property Development Limited (NSPDL) operates the motel at a panoramic resort site,

HC asks Nandan superstore chain to quit Gulshan

DHAKA: The High Court asked Nandan Food and Beverage Industries Ltd owners to pack up its outlet from capital’s posh Gulshan area by August 25.An HC bench comprising Justice Mamnoon Rahman and Justice Syeda Afsar Jahan passed the eviction order Wednesday following RAJUK’s legal

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