Tuesday, 26 Nov, 2024

Business

ECNEC nods 6 projects worth Tk 5,397cr

DHAKA: The Executive Committee of National Economic Council (ECNEC) on Tuesday approved six projects, including three new ones, worth Tk 5,397 crore.Prime Minister Sheikh Hasina chaired the meeting at the NEC Conference Room at the Planning Commission in city’s Sher-e-Bangla Nagar

Export-import through Hili port suspended

HILI (DINAJPUR): The import and export activities through the Hili Land Port (HLP) in Dinajpur has suspended as a goods-laden truck turned turtle and closed the road near the entrance of the port Monday afternoon.Banglahili Customs C&F agent association secretary Shahinur Islam Shahin

FBCCI board meeting Thursday

DHAKA: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will hold its board meeting on Thursday (February 19) in the city. The apex business organization of the country, however, will form an election committee at the meeting, said a press release on Monday. The

‘Cyber bank robbers’ steal $1bn

DHAKA: Up to 100 banks and financial institutions worldwide have been attacked in an ‘unprecedented cyber robbery’. A new report claims, according to the BBC. Computer security firm Kaspersky Lab estimates $1bn has been stolen in the attacks, which it says started in 2013 and are

Bourses witness down Monday

DHAKA: Key share price indices at both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed a daylong negative trend on Monday, the second trading day of the week.However, DSEX, the prime index of the DSE, went down to 4,769.50 points by 2:35pm, starting from

Colombus Textilvertrieb celebrates 25th anniversary

Colombus Textilvertrieb GmbH, German based apparel   sourcing company, celebrated its 25 years anniversary with their team, suppliers and friends on the Wasabi Roof Top Garden on February 12.Colombus successful business model is based on good partnership and trustful relationship

No certificate case against farmers

DHAKA: Bangladesh Bank directed authorities of banks not to file certificate case against farmers for agro-loan.The central bank also asked authorities concerned to reschedule the loan and withdraw all cases filed against farmers.Deputy Governor of Bangladesh Bank SK Sur Chowdhury gave

Teletalk, BTCL sign deal

DHAKA: Teletalk and Bangladesh Telecommunications Company Limited (BTCL) signed an agreement on infrastructural development and use in the city.Teletalk managing director Gias Uddin Ahmed and BTCL managing director Mahfuz Uddin Ahmed signed the accord on behalf of their respective

DSE, CSE down at opening

DHAKA: Share price index at the country’s both bourses witnessed negative trend in early hours of trading on Monday, the second trading day of the week.DSEX, the broad index of Dhaka Stock Exchange (DSE), went down 11.34 points or 0.23 percent to reach 4819.83 at 11:19 am. Trade deals

HSBC publishes apology in Sunday newspapers

DHAKA: HSBC has published a full-page advert containing an apology in several newspapers, over claims that its Swiss private bank helped clients evade tax. The advert reproduces an open letter signed by chief executive Stuart Gulliver, which says recent coverage had been ‘a painful

Stocks end lower Sunday

DHAKA: Country's stock market marked fall again in its price indices on Sunday.DSEX, the broad index of Dhaka Stock Exchange, shed over 10 points only to stand at 4,841 at the close on the first trading day of the week.Trade deals stood at 82,424 with volume of transactions at Tk 2646

ACC quizzes 2 ex-directors of United Air

DHAKA: Anti-Corruption Commission (ACC) interrogated M Shfikur Rahman and Khandaker Mamun Ali, two former directors of United Airways Limited, to look into the allegation of laundering crores of money and swindling out Tk 452 crore from share market.A three-member team of the anti-graft

AKTL launches new IP PBX solution

DHAKA: A.K. Khan Telecom Limited (AKTL), a concern of A.K. Khan & Co. Ltd. (AKK) operating in Telecom distribution and supply chain operations business since 1997, organized a ‘Product Briefing of Mitel’ session at Pan Pacific Sonargaon Hotel on February 14 to launch new IP PBX

DSE, CSE witnessing fall

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Sunday.DSEX, the Broad Index of Dhaka Stock Exchange, shed over 8 points to stand at 4,833 at 2:12pm.Trade deals stood at 69102 with volume of transactions at Tk 2203 million.Of the

China’s economic planners aim to boost service exports

DHAKA: China has set a target of reaching US$1 trillion worth of trade in services by the year 2020, according to a newly released economic planning policy paper that emphasised a shift away from the export of goods.The State Council, China’s cabinet, said in a document released on

‘No plot can stop country’s dev’

DHAKA: Commerce Minister Tofail Ahmed on Saturday categorically said that no conspiracy would put a bar in the development process of Bangladesh.The minister came up with the assertion while addressing a seminar on ‘Canada-Bangladesh Bilateral Trade: Challenge & Opportunities’ at

BB to form USD 500mln EDF fund

DHAKA: The Bangladesh Bank (BB) is set to raise a fund of USD 500 million to boost the country’s export sector.BB governor Dr Atiur Rahman came up with the announcement about formation of Export Development Fund (EDF) at a seminar at PRI (Policy Research Institution) office in

Businessmen against hartal-blockade

DHAKA: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Atiqul Islam urged the political parties not to play with country’s economy so that they can run their businesses smoothly.He was addressing a token hunger-strike program in front of BGMEA Bhaban at

$265mln remittance in Feb 1st week

DHAKA: The amount of inflow of remittance in the first week of February was US $265 million, said the latest report of Bangladesh Bank on Saturday. The report shows that the expatriate Bangladeshis sent $92.6 million remittances through four state-owned commercial banks - Agrani, Janata,

Thailand to recruit Bangladeshi workers

DHAKA: The Thai government assured that they would recruit workers from Bangladesh for its fisheries and construction sectors.Thai labor minister Surasak Kanchanarat came up with this assertion while Bangladesh ambassador Saida Muna Tasneem made a call on the minister on Thursday.A