Friday, 29 Nov, 2024

Business

Philippine casino summoned by US court over BB heist

DHAKA: Bloomberry Resorts, which operates Casino in Manila, has disclosed that its gaming unit has been summoned in a U.S. civil case to recover funds stolen from Bangladesh’s central bank. In a statement to the Philippine Stock Exchange, Bloomberry said the papers had been delivered

DSE, CSE open week in green

DHAKA: Key share price index in the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – started this week in green on Sunday (March 3). DSE turnover has reached Tk 6,622.73 million changed hands while previous session’s turnover was Tk

Govt firm on removal of chemical warehouses

DHAKA: The government will not move away from the ongoing eviction drive against the chemical warehouses in Old Dhaka, said Home Minister Asaduzzaman Khan Kamal.  The minister was talking to reporters after emerging from a meeting on programs of March 25, and March 26 at his

4,000 sacked RMG workers not reemployed yet

DHAKA: Some 4,000 workers, who were sacked from factories during the recent unrest in ready-made garment sector, haven’t been reposted yet. BGMEA (Bangladesh Garment Manufacturers and Exporters Association) President Md Siddiqur Rahman revealed the matter during a press conference

Rubana Huq runs for BGMEA president

DHAKA: Dhaka North City Corporation (DNCC) late mayor Annisul Huq’s wife Rubana Huq is running for the president post of BGMEA (Bangladesh Garment Manufacturers and Exporters Association). Her son Navidul Huq confirmed the matter on a Facebook post Saturday (Mar 2). On behalf of

South Asia LPG Summit at ICCB Mar 3, 4

DHAKA: South Asia LPG Summit 2019 is scheduled to start at International Convention City Bashundhara (ICCB) on Mar 3. State Minister for the Ministry of Power, Energy and Mineral Resources Nasrul Hamid will open the two-day summit and training workshop. The organizers revealed the

Dr. Momen seeks outline of foreign trade and investment

DHAKA:  Foreign Affairs Minister Dr. A.K. Abdul Momen directed Bangladeshi ambassadors appointed abroad to give an outline of trade and investment the respective countries could make in the next three years. Prioritizing economic diplomacy on the agenda, the minister sent a letter to

Meraj elected BGMEA director

CHATTOGRAM: Familytex BD Ltd Chairman Meraj-E-Mostafa was elected as the director of BGMEA (Bangladesh Garment Manufacturers and Exporters Association). He is the son of industrialist and former founding vice president of BGMEA Mohammad Shahjahan. Meraj studied business

ECNEC approves 13 projects worth Tk 12,459cr

DHAKA: The government on Wednesday (Feb 27) has approved thirteen development projects with an estimated expenditure of Tk 12,459-crore. The projects were approved at a meeting of the Executive Committee of National Economic Council (ECNEC) held at NEC conference room at Sher-e-Bangla

Meena Bazar fined for tobacco ad

DHAKA: A mobile court on Tuesday (Feb 26) fined chain shop Meena Bazar Tk 1.5 lakh in Dhaka for running advertisement of tobacco product.   A shop of the chains in Mohammadia Housing Society area of Mohammadpur was found carrying advertisement of Benson & Hedges cigarettes. Dhaka

Both DSE, CSE end lower Tuesday

DHAKA:  Stocks ended lower on the bourses Tuesday (Feb 26), the third trading session of the week, with turnover decreased from the previous session. Turnover at the Dhaka Stock Exchange, the main bourse of the country, has reached at Tk 6,794.57 million today, marking a significant

3 RFL companies receive top VAT Payer award at DITF

DHAKA: Three companies of RFL Group received highest VAT payer’s award for paying the highest amount of VAT at 24th Dhaka International Trade Fair-DITF-2019. Md. Mosharraf Hossain Bhuiyan, Chairman of the National Board of Revenue (NBR), handed over the awards at the conference room

Canada keen to invest in Bangladesh airports

DHAKA: Canada has expressed interest in cooperating to improve the quality of services at airports in Bangladesh. “Canada is interested to cooperate in the development of airports in Bangladesh, it safety and certification in air transport sectors,” said Benoit Préfontaine, High

Govt starts removing chemical warehouses from Old Dhaka

DHAKA:  Dhaka South City Corporation (DSCC) has started removing the chemicals from the basement of Wahed Mansion, from where the fire broke out at Chawbazar in Old Dhaka. With this, removal of chemical warehouses in Old Dhaka has begun, said DSCC mayor Sayeed Khokon on Saturday (Feb

Denmark keen to be partner in Bangladesh agro dev

DAHKA: Danish Ambassador to Dhaka Winnie Estrup Petersen on Monday (Feb 18) said her country is interested to be a partner in agricultural development of Bangladesh.  “Denmark is interested to become a partner in agricultural development in Bangladesh. Besides, Denmark will

Bangladesh, UAE sign 4 MoUs

ABU DHABI (UAE): Bangladesh and the United Arab Emirates (UAE) here on Sunday (Feb 17) signed four memorandums of understanding (MoUs) to promote relations between the two countries in the areas of investment, business and power sector. The instruments were inked after a meeting

Saudi prince signs deals worth $20 bn with Pakistan

Saudi Arabia has pledged investment deals worth $20bn (£15.5bn) with Pakistan which is seeking to bolster its fragile economy. It comes as part of a high-profile Asian tour by the kingdom's Crown Prince Mohammed bin Salman. Pakistan urgently needs to address a balance of

DSE, CSE end week higher

DHAKA: Key share price index in the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- closed week on positive note on Thursday (Feb 14). DSE turnover has reached Tk 9323.70 million changed hands while Wednesday’s turnover was Tk 7126.45

Japan keen to invest in Bangladesh agro industry

DHAKA: Japan wants to invest in agricultural marketing apart from promoting food processing in Bangladesh, said Japanese ambassador to Bangladesh Hiroyasu Izumi. “Since independence, Japan is beside Bangladesh in infrastructure development. Japan now wants to work for agricultural

Food and Hospitality Expo kicks off at ICCB

DHAKA: The Food and Hospitality Bangladesh Expo 2019 has kicked off at the International Convention City Bashundhara (ICCB) in the city on Thursday (February 14). Land Minister Saifuzzaman Chowdhury inaugurated the 3-day long fair as the Chief Guest at ICCB Hall-2. Civil Aviation