Wednesday, 27 Nov, 2024

Business

EBL signs ZIP agreement with Electronics Zone

DHAKA: Eastern Bank Limited (EBL) and Electronics Zone Limited have signed a ZIP (zero percent installment plan) agreement in Dhaka recently. EBL head of consumer banking M Nazeem A Choudhury and Electronics Zone Limited managing director Monir Ahamed Khan signed the agreement on

Bangladesh-India gas-oil exploration talks from Nov 7

AGARTALA: A two-day discussion regarding the prospect of gas and oil exploration in Bangladesh and India will be held in Indian state Tripura’s capital Agartala. The discussion will begin November 7 at Pragna Bhaban in Agartala. Tripura governor Tathagata Roy will inaugurate the

Samsung recalls 2.8m washing machines

DHAKA: Samsung has been forced to recall 2.8 million washing machines in the US after the doors detached mid-wash, leaving one person with a broken jaw. The company said 34 models of top-loading machines made between March 2011 and November 2016 may be faulty. Nine people have

Facebook Ad revenue growth to slow

DHAKA: Facebook has warned growth in advertising revenues will slow “meaningfully” in the next few months as it tries to avoid alienating users. The social media giant’s chief financial officer David Wehner said there was a limit on the number of ads it could put on people’s

Bangladesh delegation to visit KSA

DHAKA: A Bangladesh parliamentary delegation will go to Kingdom of Saudi Arabia (KSA) on November 5 to hold talks about strengthening bilateral relations. Bangladesh-Saudi Arabia Parliamentary Friendship Group chairman BH Haroon MP will lead the delegation comprising of AKM Awal Saidur

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 3), the last trading day of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 39.68 points or

Bourses see inflation 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 Thursday (November 3), the final trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

Westin gets Best Luxury Business Hotel award

DHAKA: The Westin Dhaka was awarded for being the Best Luxury Business Hotel in Bangladesh at World Luxury Hotel Awards 2016. The ceremony took place at the Grand Ballroom of St. Regis Doha and Dilip Madhok, General Manager of The Westin Dhaka accepted the award on behalf of the luxury

Markets see gain Wednesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Wednesday (November 2), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 36.32

Markets see up in opening hours

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 Wednesday (November 2), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

Novoair now Airline Partner of Khulna Titans

DHAKA: NOVOAIR, countries leading private airline, has become the Airline Partner of Khulna Titans in the Bangladesh Premier League (BPL)-2016, a franchise-based T20 league. NOVOAIR head of marketing and sales Sohail Majid and Khulna Titans’ managing director Kazi Inam Ahmed

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 1). DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 4.68 points or 0.10 percent to stand at 4596.86

Oil giant BP sees profits nearly halve

DHAKA: Oil giant BP has reported a near 50% fall in third-quarter profits from last year as the sector continues to struggle with low prices. The company made $933m on an underlying replacement cost basis, compared with $1.8bn a year earlier, reports the BBC. BP blamed falling oil

Bangladesh forex reserves hit $31.90 bln

DHAKA: The foreign exchange reserves of Bangladesh hit a record $31.90 billion at the end of October, around $4.32 billion higher than in the same period in 2015. Country’s central bank Bangladesh Bank (BB) authorities disclosed the matter on Tuesday (November 1). The reserve is

Markets see inflation 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 Tuesday (November 1), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

Bourses witness loss Monday

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses – Dhaka Stock Exchange and Chittagong Stock Exchange on Monday (October 31). The key index of Dhaka Stock Exchange, DSEX, shed over 12.91 points and 0.28 percent to stand at 4592.17 at the end of the

Robi’s new MD & CEO takes charge Tuesday

DHAKA: Mahtab Uddin Ahmed will take over the charge of Managing Director (MD) and Chief Executive Officer (CEO) of Robi Axiata Limited on Tuesday (November 1). He will replace Supun Weerasinghe who had served the company since January 2014, says a press release issued by the company on

MBL, BTCL sign deal for telephone bill collection

DHAKA: Mercantile Bank Limited (MBL) has recently signed an agreement with Bangladesh Telecommunications Company Limited (BTCL) for collection of Telephone Bills through Online Banking System. A signing ceremony was organized for this purpose at the bank’s head office in Dhaka on

Bashundhara Brown Atta hits market

DHAKA: Bashundhara Food & Beverage Industries Ltd, a sister concern of Bashundhara Group, launched ‘Bashundhara Brown Atta’ a product full of gluten-rich natural flavor flour, for  its health conscious consumers. The formal announcement was made about the marketing of the product

Another Basic Bank DMD removed over loan scam

DHAKA: Another deputy managing director (DMD), Monaem Khan, of state-owned Basic Bank Limited was removed over loan scam of Tk 5,000-crore. The decision of the bank was disclosed through an office order, issued on Monday (October 31), in this regard. Sources said the bank