Thursday, 28 Nov, 2024

Business

Bourses down Monday

DHAKA: Investors witnessed deflation of the share market as the prices of benchmark indices dipped in two bourses of the country on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 24.87 points or 0.57 percent to stand at 4511.96 points at

India budget to boost rural economy

DHAKA: India’s government is unveiling a budget aimed at boosting farm growth and appealing to the rural poor.India finance minister Arun Jaitley said he planned to double the income of struggling farmers in the next five years.Having overtaken China as the world's fastest-growing

Japanese stocks boosted by strong economic data

DHAKA: Japanese markets have started the week in positive territory with strong economic data helping to boost investor sentiment.The latest government data showing industrial output rose by 3.7% in January, the first rise in three months, helped lift investors’ mood, reports the

Market showing mixed

DHAKA: Investors witnessed fall amid choppy trading of the prices of benchmark indices in country’s two bourses on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 1.09 points or 0.02 percent to stand at 4535.75 points at 11:44am.Trade

Water, energy efficiency financing workshop held

DHAKA: Financing opportunities in water and energy efficiency in textiles will be imperative for Bangladesh to reach the strategic target of $50 billion in RMG export by 2021, speakers observed at a workshop held in the city on 28 February.The workshop, titled ‘Water & Energy Efficiency

Tanneries relocating in March

DHAKA: After many speculations, the tannery owners and the government agreed to relocate the tannery industry from city’s Hazaribagh to Savar from March.Earlier on January 30, Bangladesh Small and Cottage Industries Corporation (BSCIC) launched test run of Central Effluent Treatment

10th YKK Global Marketing Forum held

DHAKA: YKK Bangladesh Pte Ltd, a member of the world largest Japanese zipper manufacturer YKK Group, organized its 10th Global Marketing Forum on February 27 at The Westin hotel in Dhaka.The program was also arranged at Radisson Blu in Chittagong on the following day to carry on YKK

PM for eco-friendly investment

DHAKA: Urging industrial entrepreneurs to focus on eco-friendly investment, Prime Minister Sheikh Hasina said environment would get top priority in setting up any kind of industry.‘You all should be aware about the environment that should not be put in risk in the name of

Walton registers huge growth in LED TV sales

DHAKA: The country’s electronics giant ‘Walton’ is witnessing record growths in its LED television business. It bagged about 218 percent growth in the sales of its LED TVs during the last three months (November’15 to January’16) compared to the same period (Nov’14-Jan’15) of

Stocks start week negative

DHAKA: Investors witnessed significant fall in benchmark indices of the country’s bourses on Sunday, the first trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 30.72 points only to stand at 4536.84 at the close of day’s trading. Trade deals stood at

Jute products fair from March 6

DHAKA: A there-day fair of jute products will kick off on March 6 aiming to boost interest of using Jute products and successful enactment of “Mandatory Jute Packaging Act”.The event will be arranged at Bangabandhu International Conference Center (BICC) in Dhaka.Prime Minister Sheikh

DSE, CSE down at opening

DHAKA: Trading on the country’s two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –is underway with downward trend of share-price indices in early hours of trading on Sunday.     DSEX, the prime index of the DSE, shed over 1.28 points or 0.02 per cent to

Online marketing effective way to promote business

DHAKA: Speakers at a roundtable discussion on online media and global business stressed a need for the promotion of online media marketing and termed it an effective way to promote business in the global market.Metro Mail Canada, a global media and marketing company, organized the

IBBL to work for accelerating nat’l economy

DHAKA: The management of Islami Bank Bangladesh Limited (IBBL) was advised to play pioneering role in industry and employment generation by enhancing investment for accelerating the national economy.The directions came from the IBBL Board of Directors’ meeting held at Board Room of

‘UK EU exit would be global economy shock’

DHAKA: Finance ministers from the world’s leading economies are warning of a ‘shock’ to the global economy if the UK leaves the EU.The ministers give their assessment in a statement released at the end of a two-day meeting of G20 nations in China.UK Chancellor George Osborne, who is

Sharp fall 11% after takeover deal stalls

DHAKA: Shares in electronics giant Sharp lost 11% in Tokyo amid reports that the delay in its takeover by Taiwanese manufacturer Foxconn was due to previously undisclosed losses.The $4.3bn (£3.08bn) deal was announced by Sharp on Thursday.But Foxconn later said it would not sign the deal

South Africa’s economy ‘in crisis’

DHAKA: The South African economy is ‘in crisis’, says the country’s finance minister Pravin Gordhan.The comments came ahead of his Budget speech, in which he cut the country’s growth forecast for 2016 to 0.9%, down from 1.7%, reports the BBC.He conceded the economy is struggling

Stocks witness fall Wednesday

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Wednesday, the third trading day of the week, as Sunday was holiday for Amar Ekushey.DSEX, the key index of Dhaka Stock Exchange, shed over 18.81 points only to stand at 4579.52 at the close of

Fertilizer factories to be closed from March

DHAKA: All fertilizer factories in the country but Jamuna Fertilizer Company Limited will temporarily be closed to ensure uninterrupted power supply during upcoming irrigation season.Prime Minister's energy adviser Tawfiq-e-Elahi Chowdhury said that these steps are taken aiming to

Australia wage growth slowest in 20 years

DHAKA: Australian wages grew at their slowest pace on record in 2015, fuelling speculation the country’s central bank may introduce more easing measures.Hourly rates of pay excluding bonuses rose by 0.5% in the last three months of 2015 compared to 0.6% in the prior quarter, according