Thursday, 28 Mar, 2024

Business

Govt ready to face food crisis in Ramadan

DHAKA: Commerce Minister Tofail Ahmed on Wednesday categorically said the government remains alert to face any crisis during upcoming Ramadan.The ruling Awami League lawmaker came up with the assertion while talking to journalists after a meeting at his secretariat office in city.The

Toyota gives Japan workers biggest pay raise

DHAKA: Toyota Motor Corp said it will give its Japan-based workers their biggest pay raise in 21 years in the year starting in April, heeding a government call to bolster the economy by sharing its surging profit with workers.Toyota will raise its monthly base pay for workers by 2,700 yen

ACC quizzes Anee

DHAKA: The Anti Corruption Commission (ACC) on Wednesday quizzed BNP leader, also former MP of Laxmipur-3, Shahid Uddin Chowdhury Anee in connection with the allegation of acquiring wealth illegally.  ACC deputy director Manjur Morshed interrogated the BNP leader for over one hour from

Sonali GM among 6 suspended

DHAKA: Six high-officials of state-run Sonali Bank, including General Manager (GM) of Head Office Ahsan Iqbal and Rajshahi GM KM Afzal Hossain, were suspended over the incident of looting money from its Adamdighi branch of Bogra. Regarding the matter, letters are being sent by the head

Stocks witness fall Wednesday

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, shed over 12 points only to stand at 4,660 at the close on the fourth trading day of the week.Trade deals stood at 99,169 with volume of

Foreign companies to get loan from BD banks

DHAKA: From now on foreign companies of production and service sectors can get term loans from Bangladeshi banks and financial institutions after operating business for three years or more.     Bangladesh Bank has recently issued a circular in this regard. The circular said

Manpower to UAE again soon

DHAKA: Expatriates’ Welfare and Overseas Employment Minister Engineer Khandker Mosharraf Hossain on Tuesday said the process of exporting manpower to the United Arab Emirates would begin soon.He came up with the assertion in response to a supplementary question from AFM Bahauddin Nasim

3 int’l institutions finalized

DHAKA: The government has finalized three international institutions primarily. It has asked two Korean and a Chinese institution to submit their financial proposals.The Communications Minister Obaidul Quader came up with the observation at ‘Setu Bhaban’ in city on Tuesday noon.He

India textile industry for boosting business in BD

DHAKA: Indian textile businessmen are focusing on increasing market share in Bangladesh to offset the impact created by China in last few years."Bangladesh is a natural trading textile partner for India. But for last two years, China is increasingly consolidating its footsteps in the

Indo-Bangla JWG first meeting on Mar 12-13

DHAKA: The two-day long first meeting of the Joint Working Group (JWG) on Fisheries Cooperation between India and Bangladesh will be held on 12-13 March in Dhaka.The disclosure came from a press release of Indian High Commission in Dhaka on Monday.               The Joint

Exports up 6pc in February

DHAKA:  Due to rise of export in garments sector, country’s overall export rose 6.36 percent in February as political turmoil eased after the January 5 general election.Sources from Export Promotion Bureau (EPB) said in the first eight months of the financial year, beginning on July 1,

Bourses see fall Monday

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Monday.The DSE general index shed over 21 points to stand at 4,665 at the close on the third trading day of the week.Trade deals stood at 95,432 with transaction at Tk 4,017 million.    Of the

Muhith seeks financial aid from Bashundhara Group

DHAKA: Finance Minister AMA Muhith sought financial assistance from country’s leading business conglomerate Bashundhara Group, to meet the expenses of inaugural ceremony of upcoming T-20 World Cup Cricket.The finance minister made the plea in a press conference after a meeting of

Sonali Bank’s 1,200 branches to be visited

DHAKA: The authorities concerned of state-run Sonali Bank took a decision to visit its 1,200 branches across the country after the bank vaults were looted in Kishoreganj and Bogra.    They also decided to appoint an experienced army official on contractual or permanent basis. 

Bank account for street children in Tk 10

DHAKA: Bangladesh Bank (BB) has taken initiatives to bring the working children resides at slums, roads, rail stations, bus stands, launch stands and footpaths under the banking services.These children and youth can open bank accounts with a deposit of only Tk 10, as a part of the

Stocks witness fall Sunday

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange Broad Index, DSEX, shed over 10 points to stand at 4688 at the close on the first trading day of the week.Trade deals stood at 1,09,103 with volume of

Tk 32 lakh looted from Sonali Bank in Bogra

DHAKA: Robbers looted Tk 32.50 lakh from a Sonali Bank branch in Bogra by digging a tunnel into the bank’s vault on Saturday night.Police said they found the around 10-yard tunnel connecting the vault with a nearby furniture shop.Four people--two Ansar members, who were on security of

Chain Restaurant Tony Roma’s now in Dhaka

DHAKA: Tony Roma’s, a world-famous food chain restaurant has recently entered into an agreement with Food Chain Asia Limited, a promising local food and food processing venture, to open a number of outlets in Dhaka soon, says a press

Chinese envoy for boosting investment in BD

DHAKA: Chinese Ambassador to Dhaka Lee Jung asked businessmen of the country to boost up their investment in Bangladesh in reducing trade imbalance between the two countries.                       The Chinese diplomat came up with the plea while addressing a

Budget target reduced Tk 11,000 crore

DHAKA: National Board of Revenue (NBR) Chairman Ghulam Hussain categorically said that the revised budget of current fiscal year was targeted Tk 125,000 crore.He was addressing a press conference of NBR ofice in Segun Bagicha of the city on Thursday morning.NBR Chairman said that the