Saturday, 20 Aug, 2022

Business

Rice price to come down before Ramadan: Food minister

DHAKA: Food Minister Dr. Abdur Razzak Saturday said the price of rice would come down before the holy month of Ramadan, as the government plans market intervention against price fixing.“The government has taken all-out preparations to keep the price of rice within the purchasing

India, Nepal to use Ctg, Mongla seaports: Shipping Minister

MANIKGANJ: Shipping Minister Shahjahan Khan said the government would let India and Nepal use Chittagong and Mongla seaports in order to reap economic benefits, as the presnt government has agreed on transit facilities for the two neigbours.“Friendly relationships would be strengthened

Cairn warns of withdrawing investment

DHAKA: British oil company Cairn Energy has threatened to take out its investment from all hydrocarbon fields, including South Sangu and Magnama, if the government does not withdraw the corporate tax on gas sale to a third party. But Energy Ministry and Petrobangla, the state-run

PDB signs agreements for 100MW quick rental power

DHAKA: The Power Development Board (PDB) signed agreements with two more companies on Thursday which will generate 100MW power under quick rental system.One of the plants will be set up at Pagla of Narayanganj to generate 50MW power by diesel while the other 50MW at Amnora of

Rumours pull down DSE benchmark through sharp price falls

DHAKA: Dhaka Stock Exchange (DSE) Wednesday witnessed a sharp price fall prompted by rumours that the price-earning (PE) ratio of shares would be sector-based.   The free fall of share prices, with most of the companies losing out in the day’s trading, pulled down the DSE indexes,

Rumours pull down DSE benchmark through sharp price falls

DHAKA: Dhaka Stock Exchange (DSE) Wednesday witnessed a sharp price fall prompted by rumours that the price-earning (PE) ratio of shares would be sector-based.   The free fall of share prices, with most of the companies losing out in the day’s trading, pulled down the DSE indexes,

Trade unions in garments may solve unrest, Editors tells BGMEA

DHAKA: Speakers at an opinion exchange meeting Wednesday suggested that the wages of the garment workers must be fixed in line with inflation, capability of the owners and expenditures of workers. They suggested that the government, owners and the workers must show positive attitude in

Mega-plan to generate 20,000MW power by 2021, Tawfiq Elahi

DHAKA: Dr. Tawfiq-E-Elahi Chowdhury, Energy Adviser to the Prime Minister, said the government has taken a mega-plan to generate around 10,000MW power by the year 2015.“The government is also going to formulate another grand mega-plan to generate 20,000MW power by 2021,” he said while

Staking luck on Book Building stocks: investors count 60% loss

DHAKA: The common investors who staked their luck on stocks that are introduced and operated under book-building system on the stock market became unlucky, as they have to count out most of their capital.  When the companies are making profit, common investors of three companies under

Intl. Trade Fair begins in Sylhet

SYLHET : Commerce Minister M Faruk Khan Wednesday inaugurated the month-long International Trade Fair’ in Shahi Eidghah area in the city. A number of foreign companies of India, Nepal, China, Thailand and Malaysia are showcasing their products in the fair.  Administrator of Sylhet

MilkVita suppliers agitates for price hike: threatens to realize their demands by August 8

  SIRAJGANJ: The milk suppliers of Sirajganj Milk Vita put blockade on the Dhaka-Nagarbari and Dhaka-Borga highways on Wednesday to realize their nine-point demands including increase of milk price and lift of quota system in purchase. Their agitation stopped traffic movement on the

Tk 325 crore preference share of Summit Power and BDCOM approved

DHAKA: The Securities and Exchange Commission Tuesday approved Tk 324.64 crore preference shares of Summit Power and BDCOM Online Ltd for trading.In a meeting, the SEC also extended by three more months from June 30 to September 30 time for banking and financial institutions to form

Unproductive productivity!

DHAKA: The National Productivity Organization (NPO) has apparently turned into an ‘unproductive’ organization in the last 21 years without any job. Established in 1989, the NPO aims to increasing the productivity of the public and private industries and factories under the auspices of

TK 923 crore ÔÇÿblack moneyÔÇÖ whitened last fiscal: NBR

Revenue target crossed to Tk 62,747 croreStaff Correspondentbanglanews24.com.bdDHAKA: A total of 1,923 moneyed men washed white their TK 923 crore ‘black money’ in the just-past fiscal year, according to official disclosure made Tuesday.Dr Nasir Uddin Ahmed, Chairman of the National

Huawei in ÔÇÿFortune Global 500ÔÇÖ list for the first time

DHAKA: Huawei Technologies Limited, a major player in providing next generation telecommunication networks has reached in the list of Fortune Global 500 companies by revenue for the first time, ranking 397th.The U.S. magazine “Fortune” published 2010 Fortune Global 500 list on July 9.

Selim Osman elected BKMEA president

DHAKA: AKM Selim Osman has been elected President of Bangladesh Knitwear Manufacturers and Exporters Association for next two years (2010- 2012). Al-haj Habibur Rahman was elected first vice-president, Mohammad Hatem second vice-president, Colonel (rtd.) Sarafat Jamil vice-president and

Trade barriers: FBCCI disagrees with Mani Shankar over export to India

DHAKA: Bangladesh’s apex business body FBCCI expressed its disagreement with former oil and gas minister and present Rajya Sabha member of India Mani Shankar Aiyar over expanding scope of Bangladeshi goods export to the Indian market.The disagreement came at a meeting held between FBCCI

Govt ultimatum gets naught: SOEs yet to offload on stock market

DHAKA: Government’s latest ultimatum for a bunch of state-owned enterprises to offload shares on the stock market got a clear naught as the deadline ended Sunday without any compliance. Despite strong warnings from the government, not a single SOE did float shares on the market in the

Regent Airways to fly soon

  DHAKA: A new private airline styled Regent Airways is expected to hit the country’s fast-growing aviation market in August, with a promise to fly elegantly affordably for passengers of all classes. Capt. Alimuzzaman, Flight Operation Director of the Regent Airways, told

TCB teeters with paper plan on trading with Ramadan four weeks away

DHAKA: The state-run Trading Corporation of Bangladesh totters far behind the requisite speed in procuring essential items to keep prices in tolerable levels while the holy Ramadan is only four weeks away. Though only four weeks to go before the month of fasting and religious festivals,