Tuesday, 26 Nov, 2024

Business

Lufthansa pilots to go on strike

DHAKA: Pilots at German national airline Lufthansa said they would go on strike on Wednesday, affecting the airline’s short and medium-haul flights. The strike action was called by the pilot’s union Vereinigung Cockpit in an ongoing dispute with the airline over its early retirement

Orion Footwear outlets inaugurated

DHAKA: Mohammad Obaidul Karim, Chairman of Orion Group inaugurated the first outlet of Orion Footwear at road no 11 of Banani in city on Sunday.Among others, Salman Obaidul Karim, Managing Director, Mrs. Arzuda Karim, Director of Orion Group, Ruhul Amin Molla, CEO of Orion Footwear

Islamic banking in dist towns not expanding

DHAKA: Country’s commercial and scheduled banks are providing few services of Islamic banking in the local areas despite of its growing popularity among the people.A Bangladesh Bank (BB) report revealed the data on Monday, saying the ratio of providing the Islamic banking service is

UK to ease visa for business travelers

DHAKA: The United Kingdom’s Home Secretary announced sweeping changes to Britain’s visa system to attract greater foreign investment, reducing red tape and cutting down processing times.The reforms will reduce the number of visa types available to foreign business travelers and

Tk 1,168cr less export to D-8 countries

DHAKA: Country’s export earning from Developing-8 (D-8) member countries has witnessed a downtrend from July 2014 to February 2015 due to the prevailing political instability.Export Promotion Bureau (EPB) sources said, adding more, export amount of Tk 1,168-crore has been decreased in

Bangladesh Trade Fair in Kuwait from Apr 23

DHAKA: A three-day Bangladesh Trade Fair Kuwait-2015 will kick off in Kuwait on April 23 aiming to display Bangladeshi products as part of strengthening bilateral trade.Kuwait-Bangladesh Chamber of Commerce and Industry (KBCCI) secretary general Abdul Matin Bhuiyan informed the matter in

Reliance to invest 1.5b for power in Bangladesh

DHAKA: Reliance Group, leading business conglomerate of India, has proposed to invest one and a half billion US Dollar to produce 750 megawatt power for Bangladesh establishing four plants here within two and half a year.Satish Sheth, vice chairman of the group, had a final discussion

Stocks end lower Thursday

DHAKA: Country's stock market marked fall in its price indices on Thursday.DSEX, the key index of Dhaka Stock Exchange, shed over 28.78 points only to stand at 4556.94 at the close on the last trading day of the week.Trade deals stood at 79902 with volume of transactions at Tk 3280.56

GPEU gets ‘Best Organizing Award’

DHAKA: Grameenphone Employees union (GPEU) has been honored with the “Best Organizing Award” from UNI Global Professional & Managers’ group for achieving union growth & advancing members’ right.  The declaration of the recognition came from a seminar held from March 9-11 in

Biman seeks 1-yr jet fuel supply into Riyadh

DHAKA: Biman Bangladesh Airlines is seeking jet fuel cargo supplies for one year for its aircrafts at the Riyadh King Khalid International Airport in Saudi Arabia, a tender document showed on Tuesday.Bangladesh's national airline is seeking about 4 million US gallons, or about 95,200

Stocks witness fall Wednesday

DHAKA:  Investors witnessed significant fall in benchmark indices of the country’s bourses--Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)--on Wednesday.DSEX, the benchmark index of DSE, shed over 63.57 points only to stand at 4585.72 at the close on the fourth

Gold price falls to Tk 1,497 per bhori

DHAKA: After two months of increase, gold price in the local market is going to sell at Tk 44,521 from Wednesday decreasing by Tk 1,493 a bhori (11.664 grams) of 22-carat gold.Bangladesh Jewelers Samity (BJS) informed the matter in a press release on Tuesday.Earlier on January 22,

Tk 75,000cr revised ADP

DHAKA: The National Economic Council (NEC) on Tuesday approved the Revised Annual Development Programme (RADP) for the current fiscal (2014-15) with Tk 75,000 crore, down from the original ADP outlay of Tk 80,314 crore.Of the total amount, some Tk 50,100 crore will come as local

Cabinet nods draft of youth welfare bill

DHAKA: The cabinet on Monday gave its final approval to the draft of ‘Youth Welfare Fund Bill-2015’ subject to vetting of the law ministry.Prime Minister Sheikh Hasina presided over the meeting at the secretariat.Cabinet secretary Mosharraf Hossain Bhuiyan briefed the journalists

Bourses see slight gain Monday

DHAKA: Investors witnessed slight gain in the benchmark indices of the country’s bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Monday.DSEX, the key index of DSE, rose over 1.27 points to stand at 4626.22 at the close on the second trading day of the

DSE, CSE up at opening

DHAKA: Share price index at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed positive trend in early hours of trading on Monday, the second trading day of the week.DSEX, the benchmark index of DSE, gained 19.55 points or 0.42

Tofail to join G-7 conference in Berlin

DHAKA: Commerce minister Tofail Ahmed is set to attend the two-day G-7 stakeholder conference to be held in Berlin from March 10.Commerce ministry public relations officer Abdul Latif Bakshi said that the minister is going to Berlin at invitations of German federal ministry for labor and

DSE, CSE witness 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 39.96 points only to stand at 4624.94 at the close on the first trading day of the

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 Sunday.DSEX, the Broad Index of DSE, shed over 45.38 points to stand at 4,619 at 12:45pm.Trade deals stood at 44,695 with

Saudi going BD workers must know duties, rights

DHAKA: Bangladesh Embassy officials in Riyadh said that Bangladeshi domestic workers must know their rights and responsibilities before coming to the Saudi Arabia.The statement from the embassy officials came after a recent report revealed that over 31,993 domestic workers in the