Tuesday, 28 May, 2024

Business

Indo-Bangla Friendship cycle rally in Benapole

BENAPOLE: The India-Bangladesh Friendship Cycle Rally has arrived in Benapole on Wednesday.   Sukanto Sangsad, Sharsha upazila administration, Benapole C&F Agent Association and Jessore Kishor Bahini Obhaththana Committee welcomed the rally at Benapole Check post. Coordinator of Jessore

United Air publishes

DHAKA: Country’s private sector airline United Airways (BD) Limited has published "Welcome Bangladesh," an in-flight magazine, on Wednesday. Captain Tasbirul Ahmed Chowdhury, Chairman and Managing Editor of United airways formally unveiled the publication at a city hotel.   Kazi

Govt extends deadline to remove chemical stocks

DHAKA: The government on Tuesday extended the deadline for removing stockpiles of inflammable chemicals in factories and storehouses from the residential areas up to September 30.  Industry Minister Dilip Barua set the new timeline in a joint meeting of Industries Ministry and Bangladesh

Stock market on bull run with rise in price

DHAKA: The share market of Dhaka saw a sharp up as price indices of GrameenPhone along with financial and insurance companies rose in a turnaround Tuesday. After a fall in the indices in the last two days in a row, the DSE general index advanced slightly. Simultaneously, volume of trade,

ECNEC endorses Tk 4228 crore seven projects

DHAKA: The Executive Committee of the National Economic Council Tuesday approved seven projects involving around Tk 4,228 crore, including two schemes for promoting the agreed Bangladesh-India cooperation. Of the total amount, the government would finance Tk 3,056 crore while Tk 1172

Businessmen for stimulus package

DHAKA: Business leaders demanded the government to implementing the “stimulus package” properly. They also urged to keep the package outside the regular facilities and reduce the interest rate on bank loan.Leaders of FBCCI, BGMEA and BKMEA came up with the demand at a meeting with

Millionaires make hay: 60% bank loan in their share!

DHAKA: Over 60 percent of the loans disbursed by the banks in the country have been taken by multimillionaires. The number of borrowers from banks who took over one-crore taka is six thousand higher than the number of listed millionaires.  Those who took over one-crore-taka loan from the

Green Channel remains a far-fetched dream BGMEA, Customs trade blames

CHITTAGONG: Green Channel for facilitating speedy delivery of import consignments of hundred-percent export-oriented readymade garment factories still remains in the grey zone as a far-fetched dream. "Though the National Board of Revenue (NBR) announced the facility and an office order

SEC asks bourses to monitor top broker houses for fair transactions

DHAKA: The Securities and Exchange Commission directed the surveillance departments of country’s two stock exchanges to monitor the activities of the country’s 30 top broker houses at least once a year. This decision was made in a meeting of SEC market-surveillance committee recently

Dealers yet to get TCB products: Chairman avoiding journalists

DHAKA: Despite the first week of holy month of Ramadan is about to end, the Trading Corporation of Bangladesh (TCB) has yet to supply essential commodities to its dealers. A TCB source said Corporation’s 650 registered dealers of total 1900 have received essential commodities till

One day-old broiler chicks price up: Poultry to suffer losses

DHAKA: The price of one-day old chicks of broiler variety, one of the main sources of protein for country’s people, has shot up defying government fixed rate.Spot visit to different markets, banglanews24.com.bd correspondent found that the price of chicks was doubled on the price fixed

Barapukuria coalmine back in operation

DINAJPUR: Barapukuria coalmine resumed operation Sunday after a three-month-long halt following an accident in its gorge that left one man killed and over a dozen injured.Managing Director of Barapukuria Coal Mine Company Ltd (BCMCL) Md Quamruzzaman told Banglanews24.com.bd that coal

None to do PR for SEC in regulating stock market

DHAKA: The Securities and Exchange Commission, the stock-market watchdog, has been working since 1993 without any separate public relations department to disseminate information on its regulatory work. As a result, common investors are being deprived of important information

Business community goes for fair sales

CHITTAGONG: Port city’s business community went for fair-price sale of essentials on their own, to give some relief to the citizens from market upturns in the month of Ramadan.     Chittagong Metropolitan Chamber of Commerce and Industry sponsored the rationing from six points in

Bangladesh boasts 23,310 millionaires now!

DHAKA: The number of millionaires is on the rise in the country at a higher pace every year, in an inequitable way though as political clout perceivably played a role.By official count, the number has risen 492 times in last three and a half decades since 1975—the turning-point in

Akhaura Land Port starts full-fledged operation

ASHUGANJ: Akhaura Land Customs Station on the Bangladesh-India border started operation in a full blast aiming to help boost country’s trade with the seven landlocked eastern states of India.Shipping Minister Shahjahan Khan on Friday morning formally inaugurated the new land port--at a

Loan from India is to develop BD communications sector: FM

BENAPOLE: Foreign Minister Dr Dipu Moni said the agreed one-billion-dollar credit from India would help bring a significant change in the communications sector of Bangladesh and redefine country’s relations with its neighbours.“It is part of government effort to extend communications,

Cabinet committee approves purchase proposal

DHAKA: The cabinet committee on purchase approved a proposal for procuring wheat and rice through international tender and granular urea fertilizer from KAFCO in Chittagong.     Also, the cabinet body approved appointment of construction firm for capital dredging under Gorai River

Use TRIPS to trump copyright claim, businessmen asks Govt

DHAKA: Country’s audio-video businessmen Thursday urged the government to apply the TRIPS accord that allows them to run their filming business till 2013 legally bypassing the International Copyright Act.“We want the government to let us run our business with foreign films sans

CEPZ factory shut down as worker dies a tragic death

CHITTAGONG: An apparel-industry worker met his tragic end as the glass-gate of his factory shattered onto his neck in Chittagong Export Processing Zone (CEPZ) on Thursday morning.  The management of Tareq-Azim Textile Mills closed the factory announcing a vacation as the rest of the