Wednesday, 27 Nov, 2024

Business

USD 15.2-mln of BB heist money recovered

DHAKA: Bangladesh has recovered $15.25 million from Philippines out of $81 million money heisted from the reserve of Bangladesh Bank (BB). BB deputy governor Abu Hena Reza confirmed the matter to Banglanews on Saturday (November 12). BDST: 1609 HRS, NOV 12, 2016 SR/RR

US-Bangla starts flight in Dhaka-Muscat route

DHAKA: US-Bangla Airlines, country’s leading premium airline, launched its second international destination, Muscat, one of the most important cities of the middle-eastern region, from Friday (November 11). The flight left Hazrat Shahjalal International Airport in Dhaka for Muscat,

Alibaba breaks Singles Day record

DHAKA: E-commerce giant Alibaba has beaten its sales record for its annual Singles Day event. The company said sales this year had reached 121bn yuan ($18bn), a rise of 32% on last year’s sales which were worth $14.3bn, reports The BBC. But some have questioned the accuracy of the

Egypt wins approval for $12bn loan from the IMF

DHAKA: The International Monetary Fund (IMF) has approved a three-year $12bn loan for Egypt to help the country out of its deep economic crisis. Egypt will receive $2.75bn immediately, with the rest subject to its economic performance and further reforms, reports the BBC. IMF

Winter & Bridal carnival begin Nov 10

DHAKA: The eighth edition of Bangladesh Fashion Carnival 2016 along with Bangladesh Wedding Carnival 2016 has started at Emmanuelle’s Banquet Hall in city’s Gulshan-1 on Thursday (November 10). This Expo will be open for the visitors from November 10-13. These two exhibitions

Anxious Indians swap banned banknotes

DHAKA: People are queuing up outside banks across India to exchange 500 and 1,000 rupee notes after they were withdrawn as part of anti-corruption measures. Indians will be able to exchange their old notes, which stopped being legal tender at midnight on Tuesday, for new ones at banks

Bourses end week with gain

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Thursday (November 10), the last trading day of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 5.87 points or

Poverty reduced from 70% to 22%

DHAKA: Finance minister Abul Maal Abdul Muhith said that country’s poverty level has been reduced from 70 percent to 22 percent in past 40-year. Moreover, Bangladesh is enjoying an upstream development trend. The World Bank president Jim Yong Kim hailed Bangladesh for the

UK trade deficit widens in Sept

DHAKA: The UK trade deficit widened to £5.2bn in September from £3.8bn in August, the Office for National Statistics (ONS) said. Exports decreased by £0.2bn, while imports increased by £1.2bn, reports the BBC. The widening between imports and exports was in part driven by a

Asia markets bounce back after Trump win

DHAKA: Asian share markets have bounced back after seeing a sharp sell-off on Wednesday in the immediate aftermath of Donald Trump’s US election victory. Thursday’s rally followed rises in Europe and the US, as the market meltdown many had anticipated failed to materialize.

Trump victory unsettles markets

DHAKA: UK and European markets are taking stock after sharp initial falls following Donald Trump’s victory. The FTSE 100 index fell two percent at the start of trading before paring back some losses to trade 0.7 percent lower at midday. Other major European stock markets also

Bourses witness loss Wednesday

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses – Dhaka Stock Exchange and Chittagong Stock Exchange - on Wednesday (November 9). The key index of Dhaka Stock Exchange, DSEX, shed over 19.80 points and 0.42 percent to stand at 4671.25 at the end of

Asian markets tumble as US presidential race tightens

DHAKA: Asian stocks have tumbled after the US presidential polls indicated a tight race between Hillary Clinton and Donald Trump. While Japan and Australia had initially opened higher, all major markets in the region are now lower. Currencies are equally volatile with the Mexican

Coca-Cola Bangladesh appoints Top of Mind as AOR Ally

DHAKA: Beverage giant Coca-Cola in Bangladesh recently has signed an agreement with Top of Mind as AOR (the agency of record) for its corporate affairs in the country. Coca-Cola, a worldwide leader in its own industry and beyond, is now, following the signing, a local partner of Top of

Bourses see gain Tuesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Tuesday (November 8). DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 1.88 points or 0.04 percent to stand at 4691.06

Bourses see gain Monday

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain on Monday (November 7), the second trading day of the week. The key index of Dhaka Stock Exchange, DSEX, gained over 16.78 points and 0.35

EBL Sky Lounge Service for Turkish Airlines passengers

DHAKA: The business class passengers of Turkish Airlines will get complimentary vouchers to enjoy the amenities of EBL Sky Lounge at Hazrat Shahjalal International Airport in Dhaka. Eastern Bank Ltd (EBL) consumer banking head M Nazeem A Choudhury and Turkish Airlines’ general

Markets see up at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- are witnessing gain in share price indices in the opening hours on Monday (November 7), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

DSE sees loss, CSE gains Sunday

DHAKA: The benchmark indices of Dhaka Stock Exchange (DSE) witnessed loss while Chittagong Stock Exchange (CSE) saw gain on Sunday (November 06), the first trading session of week.   The key index of Dhaka Stock Exchange, DSEX, lost over 0.48 points and 0.01 percent to stand at 4672.39

Tax fair draws crowds

DHAKA: A good number of tax payers gathered on the premises of National Board of Revenue (NBR) in city on Sunday (November 6) to join the ongoing tax fair there. Both male and female tax payers queued orderly to pay taxes in the fair. A boutique businesswoman from city’s older