Saturday, 30 Nov, 2024

Business

Bangladesh economy advances 14 steps

DHAKA: Bangladesh economy is currently ranked at the 44th position globally, surpassing its previous 58th place in 2013, with a GDP size of US $205.3 billion as per the Gross Domestic Product (GDP) based on current prices of 2015.An analysis of World Development Indicators by World Bank

Stocks end higher Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Wednesday.The key index of DSEX, rose over 42.71 points only to stand at 4556.68 at the close on the fourth trading day of the

DSE, CSE see early-hour gain

DHAKA: Share price indices 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 Broad Index of the DSE, rose over by 60.50 points or 1.34

4-day REHAB fair kicks off

DHAKA: A four-day Real Estate and Housing Association of Bangladesh (REHAB) summer fair began in city’s Bangabandhu International Conference Centre (BICC) on Tuesday. The fair will remain open to all from 10:00am to 9:00pm till June 12.Housing and public works minister Engineer

Stocks end lower Tuesday

DHAKA: Share price indices at the country’s both bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – fell down in closing hours of the trading on Tuesday, the third trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, shed over -28.30 points

ECNEC nods 8 projects costing Tk 1576-cr

DHAKA: Executive Committee of National Economic Council (ECNEC) approved eight projects worth of Tk 1,576-crore at a meeting on Tuesday.The meeting, with Prime Minister Sheikh Hasina as chair, was held at NEC Conference Centre in city’s Sher-e-Bangla Nagar area.Planning minister AHM

Market showing mixed

DHAKA: Investors witnessed mixed trend in the country’s two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- in early hours of trading on Tuesday.DSEX, the Broad Index of Dhaka Stock Exchange (DSE), shed over 1.36 points to stand at 4543.61 at 12:13pm.Trade

HSBC to cut 25,000 jobs globally

DHAKA: HSBC, Europe’s biggest bank, is planning to cut 8,000 jobs in the UK as it tries to reduce costs and simplify its business.The cuts will affect both the retail banking operations and the investment bank.A total of 25,000 jobs could be axed globally, meaning close to 10% of

Revenue earning from new tax payers stressed

DHAKA: Finance Minister AMA Muhith on Monday put emphasis on new tax payers in realizing revenue in the 2015-16 fiscal year.The minister was talking to journalists at the conference room of National Board of Revenue in city in the afternoon.Earlier, Muhith directed the NBR officials about

Stocks witness fall Monday

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses --Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Monday.DSEX, the Broad Index of DSE, shed over 75.43 points only to stand at 4542.27 at the close on the second trading day of the

Chinese exports fall for a third month

DHAKA: Exports in the world’s second largest economy, China, fell for a third consecutive month in May, highlighting slowing demand in the country.Exports fell 2.5% from a year ago in dollar denominated terms, and 2.8% in yuan denominated figures.Both figures were above expectations,

DSE, CSE down in early hrs

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 Monday.DSEX, the Broad Index of DSE, went down by 14.42 points or 0.31 per cent to 4603.27 after the first one and

Japan’s growth revised sharply higher

DHAKA: Growth in the Japanese economy in the first quarter has been revised sharply higher, official government data shows.The world’s third largest economy expanded 1 percent in the first three months from the previous three, up from an initial estimate of 0.6 percent, reports the

‘New horizon in Bangladesh-India ties’

DHAKA: Country’s apex business body Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) president Abdul Matlub Ahmad commented that a new horizon in Bangladesh-India ties in sight.He made the comment to the media after his meeting with visiting India premier Narendra

Moosa submits wealth statement

DHAKA: Businessperson Moosa Bin Shamser on Sunday submitted his wealth statement to Anti-Corruption Commission (ACC).Moosa’s lawyer handed over the statement to ACC secretary at noon.ACC sources confirmed the matter to banglanews.Earlier on May 19, ACC sent a notice to Moosa’s

Stocks end higher Sunday

DHAKA: Country's stock market marked gain in its price indices on Sunday, the first trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, rose over 26.27 points only to stand at 4617.70at the close of day’s trading.Trade deals stood at 1,40,639  with volume of

Bernicat visits Beximco Industrial Park

DHAKA: US Ambassador in Bangladesh Marcia Stephens Bloom Bernicat visited Beximco Industrial Park in Kashimpur area of Gazipur district on Saturday.BEXIMCO group chairman ASF Rahman and its director, also chief executive officer, Syed Naved Husain welcomed the delegation led by Bernicat

IBBL, Xpress Money organize Free Medical Camp

DHAKA: Islami Bank Bangladesh Limited (IBBL) and Xpress Money jointly organized a daylong ‘Free Medical Camp’ on Saturday at IBBL Sonargaon Branch.IBBL managing director Mohammad Abdul Mannan inaugurated the camp as chief guest, the bank’s assistant vice-president Nazrul Islam

4-day REHAB summer fair from Jun 9

DHAKA: A four-day Real Estate and Housing Association of Bangladesh (REHAB) summer fair will begin from June 9.The fair will remain open to all from 10:00am to 9:00pm till June 12 at Bangabandhu International Conference Centre in city.A total of 150 organizations will set up stalls at the

MoU signed with Adani, Reliance

DHAKA: A Memorandum of Understanding (MoU) has been signed with top India conglomerates Reliance and Adani groups on Saturday.It was signed at Bidyut Bhaban in city at 11:30am in the day.Bangladesh Power Development Board secretary Zahurul Islam, Adani Power Limited chief executive