Wednesday, 27 Nov, 2024

Business

Tea prices drop on low demand

DHAKA: Tea prices fell for the fourth straight week at a weekly auction on Tuesday due to low demand from local buyers in the Muslim fasting month of Ramazan, brokers said.Tea prices dropped sharply in the last marketing season on poor demand from local buyers because of the damage to

Asia markets retreat as Greece talks stumble

DHAKA: Asian markets turned negative Thursday on concerns about Greece’s debt reform after talks between the country’s officials and creditors fell apart and its leader accused them of rejecting his proposals.While both sides agreed to resume talks later in the day, there are fears

‘Bangladesh enjoying duty-free access to India’

DHAKA: Commerce minister Tofail Ahmed informed the National Parliament on Thursday that all Bangladesh products have been enjoying duty-free access to India under SAARC Preferential Trading Arrangement (SAPTA).The goods exclude 25 tobacco, alcohol and narcotic items, he added.The minister

Forex reserves hit record high at $25.2 billion

DHAKA: Country’s foreign exchange reserves reached a record high $25.2 billion (Tk 195,946.25 crore) on Thursday.Confirming the matter, BB general manager ASM Asaduzzaman told banglanews that the latest increase to the reserves can help the country to cover its import bill for almost

6,998 products to get duty-free access to Thailand

DHAKA: Bangladesh will get duty-free access of 6,998 products to Thailand. Government officials of both countries made the disclosure in city on Thursday.Fifteen other products, including ready-made garments (RMG), medicine and agri-products, will gradually get duty-free access to the

Stocks end lower Thursday

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) --on Thursday.DSEX, the Broad Index of DSE, shed over 1.96 points only to stand at 4455.28 at the close on the last trading day of the

Toyota, Nissan recall another 3-mn cars over airbag

DHAKA: Toyota and Nissan, Japan’s two top automakers, on Thursday said they will recall more than three million more cars globally because of concerns over airbags involved in eight deaths worldwide.‘Toyota will now globally expand its recalls to involve approximately 2,860,000

Stocks witnessing fall

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 on Thursday.DSEX, the Broad Index of DSE, shed over 25.47 points to stand at 4431.76 at 12:00pm.Trade deals stood at

Govt inspects 1,000 RMG factories

DHAKA: The government has inspected structural, fire and electrical safety measures of 1,000 ready-made garment (RMG) factories.A press release by International Labour Organisation (ILO) said a press release on Wednesday.It said, till now, 2,904 RMG factories have been inspected of which

Workshop to explore EU-Bangladesh coop in aquaculture sector

DHAKA: The European Union (EU) delegation to Bangladesh organized a consultative workshop on Wednesday to explore the potential for EU-Bangladesh cooperation in the aquaculture sector and exchanging views among representative counterparts.This was disclosed through a press release in the

Le Méridien Dhaka hosts iftar for children

DHAKA: Le Méridien Dhaka, city’s newest and largest upscale hotel, hosted a celebratory iftar mehfil for the children of Baitul Aman Housing Society Madrasah & Orphanage on Tuesday evening.Civil Aviation and Tourism minister Rashed Khan Menon was present at the event as chief guest to

No gold imported in legal way in 5-yr

DHAKA: Commerce minister Tofail Ahmed informed the Parliament that no gold has been imported in the country on a commercial basis through legal means in past five years.The minister made the disclosure on Wednesday in response to a question, tabled in the 10th Jatiya Sangsad, by MA Hannan

Stocks see fall Wednesday

DHAKA: Country's stock market marked fall in its price indices on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 32.21 points only to stand at 4457.24 at the close of day’s trading. Trade deals stood at 93163 with volume of

DSE, CSE down at opening

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- slipped in early hour of trading on Wednesday.DSEX, the Broad Index of the DSE, went down by 5.00 points or 0.11 per cent to 4484.45 after the first one-hour of

Stocks witness lower Tuesday

DHAKA: Country’s two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed down trend in share-price indices on Tuesday.DSEX, the key index of DSE, shed over 14.53 point negative to stand at 4489.46 at the close on the third trading day of the week.Trade

Beximco Pharma gets US FDA approval

DHAKA: Beximco Pharmaceuticals Limited has become the first Bangladeshi pharmaceutical company to get the approval of the United States’ Food and Drug Administration (FDA).A press release said on Tuesday.The approval came after the US drug regulatory authority conducted an inspection at

Stocks witness mixed Monday

DHAKA: Both two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed mixed trend in share-price indices on Monday.DSEX, the key index of DSE, shed over seven point to stand at 4503.98 at the close on the second trading day of the week.Trade

DSE, CSE 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 Monday.DSEX, the prime index of the DSE, gained by 8.05 points or 0.17 per cent to 4519.52 after the first two-hour of

Bangladesh-Malta ties to be stronger

DHAKA: Diplomatic ties between Bangladesh and Malta will be stronger and deeper in the future.The speakers came up with this assertion at a reception party in honor of the accredited High Commissioner of Malta for Bangladesh John Joseph Aquilina, UOM, at Lakeshore Hotel in city’s

Stocks see minor fall Sunday

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Sunday.DSEX, the key index of DSE, shed over 8.38 points only to stand at 4511.46 at the close on the first trading day of the