Tuesday, 26 Nov, 2024

Business

Golden Rice awaits environment ministry’s nod

DHAKA: The International Rice Research Institute (IRRI) and Bangladesh Rice Research Institute (BRRI) have developed 'Golden Rice', the world's first-ever vitamin A-rich rice. “The golden-colored rice is waiting for approval of the Environment Ministry,” said

Farmers Bank renamed as ‘Padma Bank’

DHAKA: The Farmers Bank has changed its name into Padma Bank Ltd. With this, the bank has been enlisted in scheduled bank’s list with the new name. Bangladesh Bank (BB) has given ethical approval in this regard.  A notification, issued by the BB, was sent to the MDs and CEOs

BB heist: Lawsuit filing against RCBC Wednesday

DHAKA: Bangladesh set to file a lawsuit against Rizal Commercial Banking Corporation (RCBC) of Philippines, with a New York court Wednesday (Jan 30), over the heist of $81 million from Bangladesh Bank (BB) reserve.  BB Governor Fazle Kabir made the disclosure at a program here on the

China Harbour to develop SBG economic zone

DHAKA: China Harbour and Engineering Co Ltd, a Chinese construction company, will develop the infrastructure of the SBG Economic Zone Limited located at Mirsharai economic zone-1 in Chattogram. Regarding the matter, China Harbour Engineering Company has signed an agreement with SBG

DSE, CSE indices witness gain Tuesday

DHAKA: Key share price indices at the country's twin bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - witnessed gain on Tuesday (Jan 29).   DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 20.30 points or 0.34 per cent to close at

Gold price hiked by Tk 1166 per bhori

DHAKA: The Bangladesh Jewellers’ Samity (BJS) on Monday (Jan 28) decided to increase the price of gold. According to the new rate, price of per gram gold has been increased by Tk 1,166 per bhori (11.664 grams). The new rate will be effective from Tuesday (Jan 29), says a press

DSE, CSE end lower Monday

DHAKA: Stocks ended lower on the bourses Monday (Jan 28), the second trading session of the week, with turnover decreased from the previous session. Turnover at the Dhaka Stock Exchange, the main bourse of the country, has reached Tk 10.09 billon today, marking a decrease from previous

Draft of Bangladeshi flag vessels (Protection) Bill approved

DHAKA: The cabinet on Monday (Jan 28) gave approval in principle to the draft of the Bangladesh Flag Vessel (protection) Bill 2019 with provision for the vessels to carry 50 percent overseas cargo from the existing 40 percent. Cabinet Secretary Mohammad Shafiul Alam was briefing

DSE turnover hits 16-month high

DHAKA:  With active participation of investors, the daily turnover value at Dhaka Stock Exchange (DSE) on Sunday (Jan 27) crossed Tk 11.99 billion, the highest in over 16 months. The trade value at DSE increased to Tk 11.98 billion (11985.72 million) from the previous session’s Tk

EU assistance sought for creating job opportunities

DHAKA: State Minister for Labour and Employment Begum Munnujan Sufian said technical assistance has been sought from the European Union (EU) in other sectors alongside the ready-made garments to create new employment opportunities. In the meeting with an EU delegation, they also

DITF sees huge flock of visitors on weekend

DHAKA: Dhaka International Trade Fair 2019 on Friday, the third weekend of the fair, saw a huge flock of visitors in its venue at Sher-e Bangla Nagar in city. Traders were seen happy and expressed their satisfaction noticing the huge influx of crowds coming from different parts of the

NBR earns Tk 98,027cr revenue in first 6 months

DHAKA: The National Board of Revenue (NBR) collected Tk 98,027 crore as revenue in the first six months of current fiscal year 2018-19, says its chairman Md Mosharraf Hossain Bhuiyan. NBR chairman said, “In the 1st six months, revenue growth has increased to 6. 36percent. Growth is

Stocks end week on high note

DHAKA: Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) finished the week's last session on a positive tune Thursday (Jan 24) amid growing confidence of the investors. At the end of the session, DSEX, the prime index of DSE, finished at 5950.01, gaining 24.76 points

Wheat-laden vessel sinks in Bay of Bengal

CHATTOGRAM: A lighter vessel capsized with 1,700 tonnes of wheat in Bhasanchar area of the Bay of Bengal on the outer anchorage of the Chattogram Port on Thursday (Jan 24). The wheat-leaden ship was hired by Bashundhara Group.  Twelve crew of the vessel ‘Khwaja Baba Faridpuri’,

Cauliflower sold for just Tk 1.25 per kg in Bogra

BOGRA: Mild winter has led the country’s northern district of Bogra to a higher number of the vegetables being produced. In this week, a drastic fall in the price of cauliflowers has frustrated the farmers.   Price of per kilogram cauliflower is now Tk 1.25 as wholesale markets

Monetary Policy to be announced Jan 30

DHAKA: Bangladesh Bank (BB) is likely to announce its Monetary Policy for the second half of the financial year 2018-19 (FY19) on January 30. At a programme, with BB governor Fazle Kabir in the chair, the Monetary Policy Statement (MPS) will be announced at Jahangir Alam Conference

Finance Minister for massive reform in education system

DHAKA: Finance Minister AHM Mustafa Kamal said country’s existing education system needs massive reform, because it is not updated. AHM Mustafa Kamal came up with the opinion at a function held at the conference room of National Board of Revenue (NBR) on Thursday (January 24). The

ACC sues 13 BASIC Bank officials

DHAKA: Anti-Corruption Commission (ACC) filed a case against 13 officials of BASIC Bank including Deputy General Managers (DGMs) Md Imrul Islam and Shakir Mahmud Sharfuddin over embezzling Tk 7.92 crore. ACC Headquarters Deputy Assistant Director Mohamamd Jinnatul Islam, as a

Unipay2u MD among 6 jailed for money laundering

DHAKA: A Dhaka court on Wednesday (Jan 23) sentenced six persons including the managing director (MD) Mohammad Muntasir Hossain of multi-level marketing company Unipay2u 12 years’ jail each in a money laundering case. The other convicts are--Chairman Md Shahiduzzaman Shahid,

DSE, CSE witness gain Tuesday

DHAKA:  Trading on the country’s both bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – ended in positive tune on Tuesday (Jan 22) amid investors’ optimism after a correction session.  The DSE benchmark index, DSEX gained 6.15 points or 0.10 percent to