Thursday, 28 Nov, 2024

Business

Honda cuts production in Thailand to 60% of capacity

DHAKA: The Thai unit of Honda Motor Co has cut production at its Ayutthaya plant to 60 per cent of capacity to reflect weak domestic demand, voicing concerns that sales may fall short of its target this year after months of political unrest. Thailand’s auto sector, South-east Asia's

Winners of 14th PRAN National pickle competition awarded

DHAKA: The gala award ceremony of 14th PRAN National Pickle Competition-2013 arranged at Bangabandhu International Conference Centre in the capital on Thursday, said a press release.  Afrina Rahman from Dhaka won Tk 200,000 as her pickle was awarded as ‘Pickle of the year’.

Stocks end lower Thursday

DHAKA: Country's stock markets marked fall in its price indices on Thursday. The key index of Dhaka Stock Exchange, DSEX, shed over 26 points only to stand at 4,384 at the close on the last trading day of the week. Trade deals stood at 67,647 with volume of transactions at Tk 2,587

BB makes AB-BRAC banks pay to City Bank

DHAKA: In a positive interference by the Bangladesh Bank, two private banks were compelled to pay the guarantee money to another private bank, said officials at the central bank.They said BRAC Bank and AB Bank had to pay over Tk 165 crore to City Bank as they were guarantors of a loan

Indo-Bangla set up border markets

DHAKA: Work for the setting up of the second of the four proposed 'border haats' (bazaars) along the India-Bangladesh border in Tripura began Wednesday. The work for the first 'border haat' is on in southern Tripura's bordering town Sabroom, 135 km south of Agartala in India. "Work for

Per capita income now $1180

DHAKA: Planning Minister AHM Mustafa Kamal on Wednesday said that the country’s per capita income reached 1180 USD from 1044 USD. He made that disclosure after the meeting of the Executive Committee of the National Economic Council (ECNEC). ECNEC chairperson Prime Minister Sheikh

Stocks end higher Wednesday

DHAKA: Country’s stock market marked gain in its price indices on Wednesday. The key index of Dhaka Stock Exchange, DSEX, rose over 47 points only to stand at 4,410 at the close on the fourth trading day of the week. Trade deals stood at 66,582 with volume of transactions at Tk 2,713

All factories need to be improved

DHAKA: The Alliance for Bangladesh Worker Safety, a group largely made up of American retailers, has revealed factory inspection reports for the first time ever. The organization, created last July to help advocate for better working conditions in the Bangladesh apparel industry, has

Banglalink Experience Center at Jamuna Future Park

DHAKA: In a bid to provide consumers all its quality services under a roof, country’s 2nd largest mobile telecom operator Banglalink has recently inaugurated an Experience Center at Jamuna Future Park.   The inauguration ceremony was held in the presence of Chief Executive Officer,

DSE asks to suspend GM Asadullah

DHAKA: Bangladesh Securities and Exchange Commission (BSEC) asked to suspend Dhaka Security Exchange (DSE) general manager Khandaker Asadullah for breaching securities laws doing illegal share business.The decision came from the 524th BSEC commission meeting on Tuesday, said a press

BD, Nepal agree to set up power plant

DHAKA: Bangladesh and Nepal have agreed to build joint hydraulic power plant. The decision was taken after a ministerial meeting on Wednesday.After the meeting, a press briefing held at city hotel.Bangladesh state minister for power, energy and mineral resources minister Nasrul Hamid

ADB to lend Tk 10cr USD for rail

DHAKA: The government signed a Tk 10 crore US Dollar loan deal with Asian Development Bank (ADB) for the development of railway. The deal was signed on Wednesday at Economical Affairs conference room under the Railway Sector Investment Project-3. On behalf of government, Economical

AB Bank hosts Iftar for media personnel

DHAKA: AB Bank Limited, the first private sector bank of the country, hosted an Iftar Mahfil in honour of Media personnel of the country.  Journalists, from print & electronic media and related media personnel were present at the Iftar Mahfil. High officials of the bank were also

Stocks end lower Sunday

DHAKA: Country's stock market marked fall again in its price indices on Sunday.  The broad index of Dhaka Stock Exchange, DSEX, shed over 18 points only to stand at 4,344 at the close on the first trading day of the week. Trade deals stood at 43097 with volume of transactions at Tk

Deal singed for Dhk-Ctg expressway

DHAKA: The Communications Affairs Ministry on Thursday singed an agreement with four international companies to implement the ‘Dhaka-Chittagong Expressway Construction Project’.The ministry’s Roads and Highways Department (RHD) singed the deal with SMC International Private

No obstacle to get back GSP

DHAKA: Commerce Minister Tofail Ahmed said that there were no more obstacles to get back Generalized System of Preferences (GSP). He came up with the assertion while addressing a press conference at his secretariat office in city on Sunday noon. Returning from U.S the commerce minister

Need for Green Business

DHAKA: A Nordic trade delegation is staying on Dhaka now to know detail potentialities and possibilities of renewable energy usages to do business in Bangladesh. The delegation held a discussion on running business through use of renewable energy – Green Business – at the Westin

Tk. 86000 cr ADP for FY-2014-15

DHAKA: The government is going to allocate Tk. 86,000 crore for the country’s ever largest Annual Development Programme (ADP) for the fiscal year 2014–15.  The ADP was placed at the meeting of the National Economic Council meeting on Tuesday chaired by Prime Minister Sheikh Hasina.

Yunus Launches European Social Business Week in Sweden

DHAKA: Second European Social Business Week was held in Lund and Malmö on May 12–16.Nobel Laureate Professor Muhammad Yunus participated in the week long forum as the chief guest.Social problems in Europe and their solutions were discussed and explored by and with academics,

Bourses see fall Monday

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Monday. The Dhaka Stocks Exchange broad index shed over 38 points to stand at 4,364 at the close on the second trading day of the week. Trade deals stood at 61,701 with transaction at Tk 2,170