Wednesday, 27 Nov, 2024

Business

Growth-friendly monetary policy declared

DHAKA: Bangladesh Bank (BB) Thursday declared monetary policy for the first half of the ongoing 2015-16 fiscal, setting internal sector credit growth at maximum 16.5 percent.BB governor Atiur Rahman declared the monetary policy at Jahangir Alam Conference Hall of the central bank.About

Stocks end week positive

DHAKA:  Investors witnessed minor gain in benchmark indices of the country’s bourses Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), on Thursday, the last trading day of the week.DSEX, the key index of DSE, rose over 14.40 points only to stand at 4792.30 at the close of

Stocks see early hrs’ fall

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- slipped in early hours of trading on Thursday, the last trading day of the week.     DSEX, the prime index of the DSE, went down by 8.8 points or 0.18 per

$500m fund for SME entrepreneurs

DHAKA: Bangladesh Bank (BB) governor Atiur Rahman said a 500 million dollar fund will be open to assist SME entrepreneurs aiming to help eradicate poverty.The governor made the remark while inaugurating an organization ‘I am SME of Bangladesh’ which begin to develop small and medium

AirAsia CEO arrives in Dhaka

DHAKA: Popular budget airline AirAsia Berhad chief executive officer (CEO) Aireen Omar arrived in Dhaka on a two-day visit to join the inaugural ceremony of Dhaka flight.The program will be held at Pan Pacific Sonargaon hotel in city around 6:30pm on July 30.AirASia general sales agent

Stocks end lower Wednesday

DHAKA: Country's stock market marked fall again in its price indices on Wednesday, the fourth trading day of the week..DSEX, the key index of Dhaka Stock Exchange, shed over 19.26 points only to stand at 4777.9 at the close of day’s trading. Trade deals stood at 141189 with volume of

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses --Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing gain in share-price indices on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 1.95 points to stand at 4799.12 at 11:57 am.Trade deals

Now Bestinet eyes on Bangladeshis

BACK FROM KUALA LUMPUR: Any illegal immigrant is to pay MR 400 (Taka 8400.00) as compound fee to Malaysian Immigration to return home country while a Bangladeshi has to pay MR1400(Taka 29400.00).After investigation, it was revealed that Malaysian IT company Bestinet is involved with this

Muhuth seeks DCs assistance for budget implementation

DHAKA: Finance minister Abul Maal Abdul Muhith sought cooperation of deputy commissioners (DCs) in implementing national budget of 2015-16 fiscal year.The minister came up with this assertion in a meeting with DCs at secretariat in city during the ongoing 3-day conference started from

China shares continue to slide

DHAKA: Shares in mainland China continued their slide on Tuesday, following a massive sell-off the previous day.The Shanghai Composite fell a further 1.3% to 3,676.97, having sunk 8.5% on Monday - its biggest drop in eight years.China has tried to calm investors by reassuring it will

Stocks witness fall Monday

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Monday.DSEX, the Broad Index of DSE, shed over 11.21 points only to stand at 4775.27 at the close on the second trading day of the

Stocks see early hrs’ fall

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- slipped in early hours of trading on Monday, the second trading day of the week. DSEX, the prime index of the DSE, went down by 9.54 points or 0.19 per cent to

7 IT vocational training institutes this tenure

DHAKA: Seven vocational training institutes on Information Technology (IT) will be built in the country within the tenure of incumbent Awami League (AL)-led government.Prime Minister Sheikh Hasina’s Information and Communication Technology (ICT) affairs advisor Sajeeb Wazed Joy made the

Stocks end lower Sunday

DHAKA: Investors witnessed fall in benchmark indices of the country’s both bourses --Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Sunday, the first trading day of the week.DSEX, the key index of DSE, shed over 21.90 points only to stand at 4786.49 at the close

DSE, CSE up at opening

DHAKA: Share price indices at the country’s both bourses --Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnesses upward trend in early hours of trading on Sunday, the first trading day of the week. DSEX, the prime index of the DSE, gained by 12.91 points or 0.26

1.8-lakh BO accounts shut for not renewing

DHAKA: Some 1.88 lakh Beneficiary Owners (BO) accounts including some companies’ accounts were closed as the account holders did not renew those within June 30.According to current regulations, the account holders have to pay Tk 500 to brokerage house authority which will be given to

WB approves Tk 117-cr loan for agriculture

DHAKA: World Bank (WB) will give Tk 117 crore for the development of agricultural sector from which at least 6,660 farmers will get solar pumps facilities.Moreover, the residents of remote areas will get 225 Solar Home System (SHS) and 2,500 mini-grade connection which will reduce the

Financial Times sold to Nikkei for £844m

DHAKA: Publishing group Pearson has announced it is to sell the Financial Times Group to Japanese media firm Nikkei for £844m in cash.Speculation that Pearson was eying a sale of the 127-year old newspaper emerged on Monday.The sale does not include Pearson's 50% stake in the Economist

Swan Garments pays salary by July 28 to resume production

DHAKA: Swan Garments Ltd authorities decided to resume their production after paying dues to employees and workers by July 28.The decision came from a meeting of a committee under supervising of labor ministry held in Shrama Bhaban in city Thursday afternoon.After the meeting, committee

Iran agrees over $2 bln of projects with EU companies

DHAKA: Iran has completed negotiations with some European companies wanting to invest in projects in the country following a nuclear deal reached between Iran and world powers this month.An Iranian deputy minister said on Thursday, reports The Jerusalem Post.‘We are recently witnessing