Sunday, 26 May, 2024

Business

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,

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