Saturday, 20 Aug, 2022

Business

DBL opens ATM booth on Halishahar, Ctg

DHAKA: Dhaka Bank Limited opened a new ATM booth at Halishahar in Chittagong. Jashim Uddin, director of the DBL inaugurated the new ATM booth, said a press release. Managing Director of the Bank Khondker Fazle Rashid, Regional Manager of Chittagong Sirajul Hoque, Head of Cards and

BKMEA poll: Vote counting underway

DHAKA : Counting of votes for Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) polls is underway as balloting ended Sunday afternoon. Voting started at 9am and continued till 4pm at Dhaka Officers` Club and Narayanganj Club. Secretary of BKMEA Shulov Chowdhury told

Thai food and cultural festival begins in the city

DHAKA: A Thai Food and Cultural Festival began here on Sunday at Radisson Hotel. Royal Thai Embassy, Thai Airways and Radisson Hotel jointly organized the seven-day festival, a press release said. “The cuisine has carefully been selected,” it added. Visitors joining the festival may

FBCCI to monitor market price during Ramadan: intelligence to help

DHAKA:  The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the apex body of country’s businesspeople, will form market-monitoring committee to keep the prices of essentials in tolerable levels during the month of Ramadan.Newly elected FBCCI President AK Azad

Tk 14 lakh repair cost could have saved Tk 80 lakh misuse!

DHAKA: An aircraft of Biman Bangladesh Airlines has been grounded for 15 days, causing a loss of Tk 78 lakh from the public exchequer, sources said. The national airlines could not fly the leased aircraft for damaged windshield that could be replaced at a cost of Tk 14 lakh. As it was

DCCI wins CACCI Award

DHAKA: Dhaka Chamber of Commerce and Industries (DCCI) has won the “CACCI Local Chamber Award” of the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI).    DCCI President Abul Kasem Khan received the award from newly elected CACCI President Ambassador

Garment workersÔÇÖ pay hike turns trade diplomacy tool

DHAKA: The pressing pay-hike issue of garment workers turns out as a weapon of ‘trade diplomacy’ for the government to gain the long-delayed duty-free access of apparel products to the United States.   Bangladesh is negotiating with the US authority with a notion that duty-free

Two bourses disagree on trading hours: SEC to play arbiter

DHAKA: Following disagreements between Dhaka and Chittagong Stock Exchanges over the trading hours, authorities of the two bourses have applied to the Securities and Exchange Commission for changing the transaction time.The DSE authorities have prayed for restoring its transaction period

Record transaction on DSE: Tk 11,000 crore this past week

DHAKA: Riding high on the back of a bull run of shares of banks and financial institutions, weekly trade transactions on Dhaka Stock Exchange hit its highest-ever record at about Tk 11,000 crore this past week.   Market operators said the financial-sector blue chips helped both the

Biman to exclude Airbus, F28 after 2011

DHAKA: Airbus and F-28 aircraft will be excluded from Biman’s fleet after 2011. Board of Directors of Biman Bangladesh Airlines took the decision as these aircrafts were old enough and cost high for operation. Zakiul Islam, Chief Executive Officer of Biman confirmed the decision of the

Sheraton to stay another year for ICC World Cup hoopla

DHAKA: Starwood Hotel and Resorts, the parent company of Dhaka Sheraton Hotel, will stay in Bangladesh till the end (31 March) of the ICC World Cup Cricket in South Asia that would get off to a gal start here in Dhaka next year. Bangladesh Services Limited (BSL), the owner of Dhaka

Keep price of essentials stable, Commerce Minister asks business community

DHAKA: Commerce Minister Faruk Khan Wednesday urged the businessmen to work together to keep prices of essentials stable, as he said there are enough commodities in stock and necessary imports in the pipeline. "Prices of essentials remained stable in the last 18 months, excepting sugar.

Govt. to import coal with over 1%

DHAKA: The government has decided to import coal having over one percent sulfur to meet the local demand.Necessary changes will be made in the ‘Import Policy Order-2009-2012’ through public notification, an inter-ministerial meeting decided Monday.BDST: 1825HRS. JULY 06, 2010

Benapole landport active after dayÔÇÖs work stopagge

BENAPOLE: The Benapole land port became active on Tuesday after a day’s of general strike or Band in India on Monday that halted the  trade.Benapole port is the largest land port between Bangladesh and India through which bulk of the export-import trades of the two countries takes

BD Welding to upload right share

DHAKA: The management of BD Welding, a listed company of the capital market, Monday decided to upload right share and increase its authorized capital.The authorities of the company announced the executive body’s decision on the website of Dhaka Stock Exchange.Sources said the decision

Hefty manpower eating up Biman! Tk 50cr lost last fiscal for surplus staff, auditors find out

DHAKA: The government exchequer counted a loss of around Tk 50 crore in operating the top-heavy national airlines, as auditors found out superfluous manpower crowding the aviation company.  Zakiul Islam, CEO of the national flag carrier, however, told banglanews24.com.bd that they have

IPO draw of Malek Spinning mills Tuesday

DHAKA: The draw of Initial Public Offerings (IPO) of Malek Spinning Mills will be held Tuesday at the Bangabandhu International Conference Centre. Investment Corporation of Bangladesh (ICB) asset management officer Niamul Hossain gave the schedule of the offloading of shares of the

Bad loan pushes banking sector to risks

23500 crore bad loans in 31 commercial banks Loan disbursed violating central bank’s instruction. Central bank’s “early warning” in the offing. DHAKA: The amount of bad loan in country’s commercial banks has reached in a risky point and this risk is multiplying

New fiscal sets out on rising stock indices, turnover

DHAKA: Country’s stock markets, driven by the banking and financial sector, saw an upturn in both indices and turnover Sunday to mark off the start of trading in the new fiscal year on a happy note.The general index of Dhaka Stock Exchange (DSE) increased though prices of more than 100

Dhaka Bank changes face value, market lot of shares

DHAKA: The management of Dhaka Bank, a listed company with the capital market, Sunday decided to push down the face value and up the market lot of its shares. Under another step, the banking company also decided to increase its authorized capital on the market.The decision came from the