Wednesday, 27 Nov, 2024

Business

Japanese developers investing at Bashundhara R/A

DHAKA: Japanese developer firm Creed Asia BD Company Limited (Bangladesh) will invest at Bashundhara Residential Area (R/A) in the city to a build a high rise building there.Preliminarily, the Japanese firm in a joint venture with Dhaka-based developer company Jams Development Limited

SC Johnson to acquire 3 brands from ACI

DHAKA: S.C. Johnson & Son Inc. said Friday it has continued a run of foreign acquisitions by buying three brands from Advanced Chemical Industries Limited of Bangladesh.The move adds ACI Insecticides, Angelic Air Care and the Vanish Brand of Toilet Cleaners to S.C. Johnson's product

Nepal to provide duty free access to 50 products

DHAKA: Nepal offered to provide duty free preferential access to 50 products from Bangladesh into Nepalese market while Bangladesh offered duty free access to 108 Nepalese products which was appreciated by Nepal.The decision was taken in the 2nd Additional Secretary/Joint Secretary Level

Economic units in country 38,516

DHAKA: There are 38,516 economic units, units that generate a resource also provides some storage of that resource, in the country now.The matter was disclosed by Bangladesh Institute of Development Studies (BIDS) at its auditorium at Sher-e-Bangla Nagar in city Thursday after analysing

Bashundhara Cement-Sinohydro Corporation ink agreement

DHAKA: Bashundhara Cement and Sinohydro Corporation Limited signed an agreement regarding the supply of cement for the river management project of Padma multipurpose bridge.The agreement was inked at The Westin hotel in city on Thursday evening.Bashundhara Group managing director Sayem

Main structure construction begins in Oct

DHAKA: Road Transport and Bridges Minister Obaidul Quader said the construction work of main structure of the Padma Multipurpose Bridge will begin in next October. He came up with the remarks while talking to reporters at secretariat on Thursday.The minster said hammer, weighing 2,500

Stocks witness fall Thursday

DHAKA:  Investors witnessed significant 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 60.73 points only to stand at 4192.20 at the close on the last trading day

IFC signs project services deal with EBL

DHAKA: An agreement was signed between IFC and Eastern Bank Limited, Bangladesh, on project services on Wednesday.Under this arrangement, capacity of small and medium enterprise clients will be developed while credit risk management will be improved, said a press release on Thursday.Ali

DSE, CSE down in early hrs

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 Broad Index of the DSE, went down by 33.91 points or 0.79 per cent to

Bangladeshis to bring revolution in KSA agriculture

RIYADH: The desert kingdom Saudi Arabia is developing its agriculture. The expatriate Bangladeshis are expected to play the pivotal role of the facilitators in this advancement.Bangladesh ambassador in Saudi Arabia Golam Moshi said that the kingdom will import farm labors from Bangladesh

Global Holcim Awards competition announces winners for 2015

DHAKA: The winners of the 4th Global Holcim Awards for Sustainable Construction have been decided –the trophies and USD 350,000 prize money go to projects in Colombia, Sri Lanka and the USA.All three prizes recognize architectural interventions that deliver tangible benefits to local

BB to supervise bank security

DHAKA: Bangladesh Bank (BB) will supervise the security of all scheduled banks. The central bank will also inspect their security systems in this regard.BB governor Dr Ataur Rahman made the instruction after his arrival at Hazrat Shahjalal International Airport on Wednesday morning.BB

Stocks end lower Wednesday

DHAKA: Country's stock market marked fall in its price indices on Wednesday, the fourth trading day of the week.The key index of Dhaka Stock Exchange, DSEX, shed over 30.30 points only to stand at 4252.94 at the close of day’s trading. Trade deals stood at 126353 with volume of

Supermarket chain Tesco reports massive £5.74b loss

DHAKA: Britain’s biggest retailer Tesco announced Wednesday that it had plunged massively into the red last year as it took a hit on the value of its property.Tesco, which was hit by a major crisis last October after accounting errors that overstated profits, reported a loss after tax

Tk 30-cr incentives for 2.25 lakh farmers

DHAKA: For the benefit of the country’s agricultural sector, government has decided to provide various types of incentives worth about Tk 30 crore to 2.25 lakh farmers.Agriculture minister Matia Chowdhury disclosed the matter while talking to reporters at her secretariat office on

Stocks see gain at opening

DHAKA: Share price index at the country’s both bourses --- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed gain in early hours of trading on Wednesday, the fourth trading day of the week. DSEX, the prime index of the DSE, gained by 24.03 points or 0.56 per cent

Bangladesh stresses on free-trade agreements

Dhaka: The foreign ministry has been working with other ministries aiming to ink free-trade agreements with one or more countries by 2015.State minister of Foreign Affairs Shahriar Alam disclosed the matter in an exclusive interview with Banglanews.He said that Bangladesh has fixed the

Euro under pressure on Greek default worries

DHAKA: The euro dipped Monday on fears about a Greek default, as tense talks between Athens and its international creditors lumber along with no breakthrough in sight.In Tokyo, the euro slipped to US$1.0800 and 128.38 yen from US$1.0810 and 128.49 yen in New York, reports The Straits

Sonali Bank chairman resigns

DHAKA: AHM Habibur Rahman has stepped down as the chairman of state-run Sonali Bank showing personal ground on April 19 though his tenure was till December 26.Bank authority confirmed the matter to banglanews adding he made some recommendations including dissolving existing committee to

Political decisions can lift Bangladesh-India trade bars

DHAKA:  Speakers on Saturday put emphasis on taking political decisions to remove tariff and non-tariff barriers (NTBs) between Bangladesh and India to enhance trade potentials.They also talked about institutional capacity building.The observations emerged from a dialogue on