Thursday, 25 Apr, 2024

Business

Forex reserve reaches $18.07bn in Dec

DHAKA: Foreign exchange reserves of Bangladesh Bank (BB) rose to a record $18.07 billion at the end of December from $17.11 billion in November. Sources from the central bank of the country said that the reserves are enough to cover six months of imports’ expenditure.Rising exports, a

Stocks witness gain Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 19 points to stand at 4,286 at the close on the third trading day of the week as trading remained closed on Tuesday due to bank

Gold bars,banned cigars seized at Shahjalal

DHAKA: Armed Police Battalion (APBn) personnel held two people with huge banned cigarettes and four gold bars weighing 435 gram from Hazarat Shahjalal International Airport on Wednesday morning.The detainees are- Jahir Uddin, 45 and Ali Sheikh, 40.Sources said that the detainees arrived

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Wednesday, the first day of New Year.The key index of Dhaka Stock Exchange, DSEX, rose over 40 points to stand at 4,307 at 11:45am.Trade deals stood at 28653 with transaction at Tk 1,149

Morshed Khan, wife-son sued

DHAKA: Anti-Corruption Commission (ACC) filed a case against opposition BNP vice-chairman Morshed Khan, his wife and son on charge of money laundering.The two other accused are Nasrin Khan and Faisal Morshed Khan.Deputy Director of the ACC M Moniruzzaman filed the case with Ramna Thana on

Tazreen MD among 6 warranted

DHAKA: A Dhaka court on Tuesday issued arrest warrant against six people, including the managing director of Tazreen Fashions Ltd, in a murder case filed over the devastating fire in the factory.Senior Judicial Magistrate Wasim Sheikh passed the order to arrest the six fugitives after

Standard Bank 87th Branch at Chittagong

DHAKA: Standard Bank, a private commercial banks of Bangladesh, inaugurated its new branch at Chittagong, said a press release.  Recently in a befitting manner with a big-bang Kazi Akram Uddin Ahmed, President of FBCCI who is also the Chairman of the Bank graced the function as Chief

Bourses see fall Monday

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Monday.The key index of Dhaka Stock Exchange, DSEX, shed over 56 points to stand at 4,266 at the close on the second trading day of the week.Trade deals stood at 91,634 with transaction at Tk

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Sunday.The key index of Dhaka Stock Exchange (DSEX) rose over 12 points to stand at 4,213 at 2:04pm on the first trading day of the week.Trade deals stood at 55,891 with transaction at Tk

Sea food buffet at Westin

DHAKA: This winter The Westin Dhaka is offering to the dining patrons a completely new buffet experience at the Signature Restaurant Seasonal Tastes. Every Thursday a glorious buffet spread showcasing the breadth and depth of authentic flavors from the Middle to Far East awaits

GEF forecasts minus growth

DHAKA: Global Economist Forum (GEF) forecasted due to the enduring political unrest in Bangladesh, the country might achieve minus growth of Gross Domestic Product (GDP).GEF came up with the prediction in its economic outlook 2014 published on December 28.It said: “The political

Assam wants access to BD internet gateway

DHAKA: In exchange of the 268.4 acres of its land that will be handed over to Bangladesh, the state government of Assam wants access to the optical fibre submarine international internet gateway called the South East Asia-Middle East-Western Europe 4 (SEA-ME-WE 4) at its landing point at

UK could be Europe’s ‘largest’ economy by 2030

DHAKA: The UK will be in a position to overtake Germany as Europe’s largest economy, according to the think tank the Centre for Economic and Business Research.The CEBR predicts that Germany will lose its current top spot in Europe by 2030.It cites the UK’s population growth as an aid

Country’s tea prices edge up

DHAKA: Tea prices and sales rose at a weekly auction on Tuesday after four consecutive falls which reflected opposition-led blockades over pending elections that hampered economic activity.Violent protests, shutdowns and blockades over the upcoming January 5 election, which is being

Stocks end lower Thursday

DHAKA: Investors saw moderate fall in the benchmark indices of country`s bourses on Thursday. The key index of Dhaka Stock Exchange, DSEX, shed over 27 points only to stand at 4200 at the close on the last trading day of the week.Trade deals stood at 118,543 with volume of transactions at

Russia to build NPP in Finland

DHAKA: Rusatom Overseas, a subsidiary of Russia’s state nuclear energy corporation – Rosatom and Finnish nuclear power consortium - Fennovoima have signed a number of contracts on December 21, 2013 in Helsinki, pertaining to set up of a nuclear power plant in northern part of

Prime Bank’s Foundation training programme held

DHAKA: The closing ceremony of the 67th Foundation Training Course for Junior Officers of Prime Bank Limited was held at the HR Training & Development Center of the bank recently.Deputy Managing Director of the bank Quazi ASM Anisul Kabir, also Chief Operating Officer, was present at the

Prime Bank’s Foundation training programme held

DHAKA: The closing ceremony of the 67th Foundation Training Course for Junior Officers of Prime Bank Limited was held at the HR Training & Development Center of the bank recently.Deputy Managing Director of the bank Quazi ASM Anisul Kabir, also Chief Operating Officer, was present at the

ACC may investigate into MPs wealth

DHAKA: Finance Minister AMA Muhith said Anti Corruption Commission (ACC) can carry out investigation into the sources of wealth of ministers and lawmakers whose wealth has increased abnormally in last five years.Muhith made the comment while talking to journalists after submission of his

Dhk Int’l trade fair begins Jan 11

DHAKA: The Dhaka International Trade Fair (DITF) will be started from January 11 instead of January 1 due to ongoing agitation programme over upcoming parliament election which is scheduled to be held on January 5.Abdul Latif Bakshi, Public Relation Officer of Commerce Ministry confirmed