Thursday, 28 Nov, 2024

Business

Bangladesh targets non-resident tourists

DHAKA: Civil aviation and tourism minister Rashed Khan Menon said the incumbent government is working to attract non-resident Bangladeshi tourists to strengthen country’s tourism sector.‘We have targeted non-resident Bangladeshis (NRBs), who visit Bangladesh, got married here but do

Natl Single Window for Trade working group meeting held

DHAKA: The inter-ministerial working group for Bangladesh Single Window for Trade recently held its 2nd meeting in city.Chaired by the Honorable Secretary, Internal Resources Division and Chairman, National Board of Revenue, Md. Nojibur Rahman, the meeting discussed the technical and

Stocks end lower Tuesday

DHAKA: Both two bourses of the country witnessed downward trends in share-price indices on Tuesday (January 26), the third trading day of the week.DSEX, the broad index of Dhaka Stock Exchange, lost 10.20 points to stand at 4610.11 at the close of day’s trading.Trade deals stood at

Asian markets fall as oil slump resumes

DHAKA: Markets in Asia have followed US markets lower as further falls in the price of oil have unsettled investors.Brent crude prices fell 6.3% to $30.15 a barrel, ending a short-lived rebound as persistent concerns of oversupply were exacerbated by news that Iraq's output reached a

Stocks witness mixed Monday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Monday, the second trading day of the week.DSEX, the broad index of Dhaka Stock Exchange, shed over 5.81 point to stand at 4620.32 at the close of day’s trading.Trade deals stood at 137311 with

DSE, CSE down at opening

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed negative trend in early hours of trading on Monday.     DSEX, the prime index of the DSE, shed over 5.82 points or 0.12 per cent to 4620.31 after

Iran eyes to buy 100 Boeing planes

DHAKA: Iran is considering buying planes from US manufacturer Boeing as it moves to upgrade its fleet following the removal of UN sanctions.Iran’s deputy transport minister Asghar Fakhrieh Kashan told the media that Iran is interested in buying 100 aircrafts.UN sanctions were lifted a

Amazon to create 2,500 UK jobs

DHAKA: Amazon says it will take on 2,500 new permanent staff in the UK this year, bringing its total number of UK employees to 14,000.The online retailer will also create thousands more jobs elsewhere in Europe.It is investing to expand its European operations, including its warehouses,

Lagarde to run for 2nd term as IMF boss

DHAKA: The head of the International Monetary Fund (IMF), Christine Lagarde, has confirmed she will stand for a second term.Lagarde threw her hat into the ring during an appearance on French television.Her term in office expires on 5 July and the process to find a successor opened on

Boeing to halve jumbo jet production

DHAKA: The world’s biggest plane maker, Boeing, will cut production of its 747-8 jumbo jet in half and take a charge of $569m in its fourth quarter.Starting in September Boeing will slow the production rate to six planes a year from twelve, reports the BBC.The four-engined plane is

Stocks end lower Sunday

DHAKA: Country's stock market marked fall in its price indices on Sunday, first trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 31.80 points only to stand at 4626.13 at the close of day’s trading.Trade deals stood at 125702 with volume of transactions at

Local brand eyes for manufacturing mobile phone by 2017

DHAKA: The country’s electronics giant ‘Walton’ has a plan to manufacture mobile phone in Bangladesh if necessary policy supports are provided by the government. The local brand has already employed more than 150 engineers, who are conducting massive product development and research

Tannery shifting ultimatum fails

DHAKA: Not a single tannery of the total 155 was moved from capital’s Hazaribagh to Savar though the 72-hour ultimatum of industries minister Amir Hossain Amu for shifting the tannery has crossed ten days ago.After the expiry of tannery shifting deadline, as many as 133 tanneries’

Google to pay £130m in backdated UK tax

DHAKA: Google has agreed to pay £130m in back taxes after an "open audit" of its accounts by the UK tax authorities.The company had been accused of "not paying its fair share" of tax, and criticised for complex tax structures, reports the BBC.Senior figures at the technology company have

BARVIDA Car Expo kicks off in city

DHAKA: A three-day ‘BARVIDA Car Expo -2016’ has started in the capital aiming to inform about the state of the art reconditioned car made by Japan and supply those in a cheap price to the consumers. Shipping Minister Shahjahan Khan has inaugurated this expo in International

Asia stocks rise as ECB soothes markets, oil bounce

DHAKA: Asian stocks rose on Friday after a hint of more monetary easing by the European Central Bank and a bounce in crude oil from 12-year lows helped soothe skittish markets.Japan's Nikkei jumped 3.5 percent to move away from a 15-month low struck Thursday, reports the

Banks in customs areas open Friday, Saturday

DHAKA: Bangladesh Bank has asked branches of banks in customs areas to remain open on Friday (January 22) and the following day to minimize the loss due to the disruption of server of customs houses for past some days.The directive was given from off-site supervision department of the

Tourism coop strengthening with China

DHAKA: China has agreed to cooperate with Bangladesh in flourishing the latter’s tourism sector by utilizing centuries-old Buddhist heritage to attract tourists from Buddhist community.In a meeting with Civil Aviation and Tourism minister Rashed Khan Menon, the visiting Chinese

Rail pact, hydropower projects discussed

DHAKA: Bangladesh, Bhutan, India and Nepal (BBIN) discussed specific hydropower projects under BBIN framework that could be concretized on equitable basis and agreed to commence talks on the possibility of having a BBIN Rail Agreement.The joint working groups (JWGs) on sub-regional

EBL joints hands with Grameenphone

DHAKA: Eastern Bank Limited (EBL) has recently signed Business Solutions agreement with Grameenphone Ltd to avail state of the art communication solutions.EBL deputy managing director Akhtar Kamal Talukder and Grameenphone Head of Direct Sales Sajjad Alam signed the agreement on behalf of