Saturday, 30 Nov, 2024

Business

Govt to purchase power from India’s open market

DHAKA: Bangladesh will purchase daily between 30 and 50 MW electricity from open market of India on the basis of bilateral agreements.The Cabinet Committee on Government Purchase (CCGP), in a meeting held at the cabinet division on Wednesday, gave nod to the procurement proposal."The

Pakistan businessmen to get 3-year India multiple-entry visa

DHAKA: Pakistani businessmen with assured financial standing will be granted a multiple-entry business visa with up to 3 years’ validity, which will allow them to visit 15 places in India.Minister of state for home Kiren Rijiju said instructions were issued by the government on July 7

Stocks see slight gain Wednesday

DHAKA: Country's stock market marked slight gain in its price indices on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 2.14 points only to stand at 4873.96 at the close of day’s trading.  Trade deals stood at 175052 with volume of

Market showing mixed

DHAKA: Trading on the country’s two bourses --Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing mixed trend in share-price indices on Wednesday.DSEX, the Broad Index of DSE, gained by 18.86 points or 0.38 per cent to 4852.95 after the first one-hour

I’m banker of poor but never hurt riches

DHAKA: The world knows I am a banker of the poor and a governor of the poor as well. But all must also know that I never cause any harm to the riches. Bangladesh Bank governor Dr Atiur Rahman was telling all these to Banglanews in an exclusive interview.The detailed interview has brought

Tk 10 bank account for new Bangladeshis

DHAKA: The Bangladesh Bank on Monday directed all banks to allow new Bangladeshis, previously enclave people, to open bank accounts by depositing Tk 10 only to improve their lives.A circular signed by Nurun Nahar, General Manager of Financial Inclusion Department of the central bank, made

Greek shares plunge as market reopens

DHAKA: The main Athens stock index, the Athex, has fallen by 22.87% as trading resumes after a five-week closure.The nation’s top four lenders - Piraeus Bank, National Bank, Alpha Bank, and Eurobank - were biggest fallers, all down by 30%, the maximum allowed. Banks make up about a

Govt to issue Tk 5 note-coin

DHAKA: The government, not the Bangladesh Bank, will issue notes and coins up to Tk 5 denomination instead of Tk 2 from now on.Finance secretary signs on the government notes while the governor sign on those of the Bangladesh Bank. On Monday, cabinet gave the final nod to the draft of

Permanent venue for trade fair at Purbachal

DHAKA: A permanent trade fairground will be constructed on a 20-acre land in city’s Purbachal area to attract more foreign customers.The Dhaka International Trade Fair (DITF) is annually being arranged in Agargaon since December 1 in 1995.Moreover, two large hall rooms will also be

Stocks end higher Monday

DHAKA: Country's stock market marked gain in its price indices on Monday, the second trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, rose over 60.52 points only to stand at 4862.55 at the close of day’s trading. Trade deals stood at 167299 with volume of

HSBC's profit up 10% in first half

DHAKA:  Profit at Europe's largest bank, HSBC, was up 10% in the first half of this year compared with a year ago on strong earnings in Hong Kong.Pre-tax profit was $13.6bn (£8.7bn) in the first six months, compared with $12.3bn a year ago - higher than forecasts, which were for

Stocks 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 Broad Index of DSE, rose over 36.05 points to stand at 4838.07 at 11:26 am.Trade deals stood at 43298 with

Tk 100 prize bond draw holds Sunday

DHAKA: The 80th draw of the prize bond of Tk 100 held on Sunday (August 2) at the conference room of Anisur Rahman, the additional divisional commissioner of Dhaka.A total of 1,932 prizes were given, including the first prize of Tk six lakh, second prize of Tk 3.25 lakh, third prize of Tk

BGMEA’s 50b earning roadmap by 2021

DHAKA: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Atiqul Islam said that his organization will provide a roadmap of earning 50-bln dollars from readymade garments (RMG) export by 2021.He made the disclosure at a press conference at BGMEA building in city

Stocks start week positive

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Sunday.DSEX, the key index of DSE, rose over 9.71 points to stand at 4802.02 at the close on the first trading day of the week.Trade

Nurun Newaz Selim made NCC Bank chairman

DHAKA: National Credit and Commerce (NCC) Bank Limited director Mohammad Nurun Newaz Selim has recently been made the chairman of the executive committee of bank’s directorial body.Also an eminent industrialist Selim earlier performed his duty as NCC Bank chairman for four times.He is

Both DSE, CSE up at opening

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed positive trend in early hours of trading on Sunday, the first trading day of the week.     DSEX, the prime index of the DSE, gained by 5.25 points

India wants APJ Abdul Kalam on currency notes

DHAKA: Two days after ‘People’s President’ APJ Abdul Kalam was laid to rest with full state honors, the social media is a buzz with pictures of the ‘Missile man’ on currency notes.The pictures of Dr Kalam on the currency of India have been going viral on the internet, reports

Tk 100 prize bond draw Sunday

DHAKA: The 80th draw of Bangladesh Prize Bond will be held on Sunday at 11am at the Dhaka Divisional Commissioner's conference room. Each series of the prize bonds has some 46 prizes, including one prize of Tk six lakh, one prize of Tk0.325 million (3.25 lakh), two prizes of Tk0.1 million

Paal Samity president, secretary sued

DHAKA: Anti Corruption Commission (ACC) filed a case against president and general secretary of Paal Samity situated in city’s Rayerbazar area for embezzlement of Tk 2.60 crore.The ACC deputy director Abdus Sattar Sarkar filed the case with Mohammadpur Thana accusing president Biswanath