Wednesday, 27 Nov, 2024

Business

Grameenphone earns Tk 29.4bn in 3rd quarter

DHAKA: Grameenphone reported revenue of Tk 29.4-billion for the 3rd quarter of this year. This is an 11.2 percent growth from the same period last year, said a press release. Subscription and traffic revenue (excluding interconnection) grew by 13.8 percent with growing contribution

UK unemployment rate holds steady

DHAKA: The UK jobless rate held steady at a near 11-year low of 4.9% in the three months to August, figures show. Unemployment saw a “small” rise of 10,000 to 1.66 million, the Office for National Statistics (ONS) said, reports the BBC. “These figures show that employment

Bourses see loss Wednesday

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses – Dhaka Stock Exchange and Chittagong Stock Exchange - on Wednesday (October 19). The key index of Dhaka Stock Exchange, DSEX, shed over 9.34 points and 0.19 percent to stand at 4702.51 at the end of

Chittagong tax fair from Nov 1

CHITTAGONG: A week-long income tax fair will kick off at GSC Convention Centre of Chittagong on November 1 (Tuesday). A preparatory talk, organized by Chittagong income tax division, was held at Agrabad CGO building conference room on Tuesday (October 19) in this regard. Chittagong

China’s economy grows steadily at 6.7%

DHAKA: China’s economy grew at an annual rate of 6.7% in the three months to September, government data showed, a sign that growth is stabilizing. The figure was the same rate as the previous two quarters, and was in line with forecasts, reports the BBC. The spell of stability

Markets see positive trend 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 early hours on Wednesday (October 19), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

WB gives $2bn to Bangladesh climate change projects

DHAKA: World Bank Group president Jim Yong Kim pledged USD 2-billion over the next three years in new funding to help the country become less vulnerable to climate change. Jim Yong Kim made the pledge after touring schools that double as cyclone shelters during major storms. The WB

LIC begins operation in Bangladesh

DHAKA: Life Insurance Corporation (LIC) of Bangladesh started its operation in the country on Tuesday (October 18). The corporation started as a joint-venture company with Strategic Equity Management Ltd., and Mutual Trust Bank of Bangladesh, said a press release. According to the

Bangladesh growing fast: WB chief

DHAKA: World Bank President Jim Yong Kim said that Bangladesh is developing in the pace that left behind other countries. The WB President came up with this assertion while speaking with the journalists at WB Agargaon office in city on Tuesday (October 18). The future of Bangladesh

Markets 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 (October 18). DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 18.91 points or 0.40 percent to stand at 4711.85

Bourses 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 early hours on Tuesday (October 18), 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 17). The key index of Dhaka Stock Exchange, DSEX, shed over 16.67 points and 0.35 percent to stand at 4692.94 at the end of

UK economy ‘faces prolonged weakness’

DHAKA: Britain’s economy faces a “prolonged period” of weaker growth as consumer spending slows and business curbs investment, according to a report. Although the EY Item Club think tank predicts the economy will grow 1.9% this year, it expects that performance to fizzle out as

Markets see loss at early hours

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing loss in share price indices in the early hours on Monday (October 17), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

WB to invest large sum in Bangladesh

DHAKA: World Bank (WB) president Jim Young Kim on Monday (October 17) said about funding a large amount of money by International Development Association (IDA) for the development of Bangladesh. The International Development Association (IDA) is the arm of the World Bank Group that

World Bank president arrives in Dhaka

DHAKA: World Bank Group President Jim Yong Kim arrived in Dhaka on Sunday afternoon (October 16) to see firsthand the progress Bangladesh has made in transitioning successfully to a lower-middle income country, despite daunting development challenges. During the two-day visit, Kim will

Bourses starts week with gain

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – started the week witnessing gain in share price indices on Sunday (October 16), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

Bangladesh-Nepal nod for 1,500MW plants

DHAKA: Bangladesh and Nepal are agreed to set up two hydro-electricity plants capable to produce 1,500 megawatts. Bangladesh commerce minister Tofail Ahmed and his Nepalese counterpart Romi Gauchan Thakali made the disclosure after a meeting at ministry conference room at secretariat

Tannery relocation by Dec 30 a must: Amu

DHAKA NORTH BUREAU: Industries minister Amir Hossain Amu on Sunday (October 16) categorically said all the tanneries have to be shifted from capital’s Hazaribagh area to Hemayetpur of Savar by December 30 this year. He came up with the information while addressing the journalists

World Bank president due Sunday

DHAKA: World Bank Group President Jim Yong Kim arrives in Dhaka on Sunday (October 16) to see firsthand the progress Bangladesh has made in transitioning successfully to a lower-middle income country, despite daunting development challenges. During the two-day visit, Kim will join a