Friday, 29 Nov, 2024

Business

$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

BSEC to introduce e-data

DHAKA: Bangladesh Securities and Exchange Commission (BSEC) has taken an initiative to introduce e-data (electronic financial reporting) under the capital market development project. Dhaka Stock Exchange (DSE) managing director Dr Swapan Kumar Bala made the disclosure while exchanging

6.5cr compensation in transport sector

DHAKA: Road Transport and Bridges Minister Obaidul Quader on Thursday said the government would provide Tk 6.5 crore as compensation to the affected people in transport sector due to violence during recent hartal and blockade enforced by BNP-led 20-party alliance.The minister made the

Stocks witness gain Thursday

DHAKA: Trading on the country’s two bourses witnessed gain in share-price indices on Thursday.DSEX, the prime index of Dhaka Stock Exchange, rose over 31.18 points to stand at 4841.72.Trade deals stood at 96370 with transaction at Tk 3259.8 million.Of the issues traded, 219 advanced, 57

ACC nods charge-sheet against MD, Chairman

DHAKA: Anti-Corruption Commission (ACC) Thursday approved the charge-sheet against 14 people, including Managing Director (MD) Khaza Soleman Ali Chowdhury and Chairman Noarin Habib, for their involvement in misappropriation of Tk 58 crore.The anti-graft body, in its regular meeting on

Malaysia economy picks up speed in Q4

DHAKA: Malaysia’s economy surprisingly picked up speed in the fourth quarter on strong construction and manufacturing activity, boosting full-year growth to its fastest in four years.Gross domestic product for the fourth quarter grew 5.8 percent, exceeding the median forecast of 5

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Thursday.DSEX, the prime index of Dhaka Stock Exchange, rose over 14.07 points to stand at 4824.60 at 11:38 am.Trade deals stood at 24,408 with transaction at Tk 802 million.Of the issues

RMG owners’ hunger strike Saturday

DHAKA: Country’s top garment organization Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is set to observe a token hunger strike on Saturday protesting the political unrest.Sources said that the program will be held at 11:00am in front of the BGMEA building in

‘Most US firms in China feel targeted by the govt’

DHAKA: Most US firms in China feel ‘targeted’ by authorities, a survey said Wednesday, as the government embarks on a series of high-profile investigations into foreign businesses.An American Chamber of Commerce survey found 57 percent of respondents believed foreign firms are

Directives to reduce default loan

DHAKA: Dr. M. Aslam Alam, Secretary, Bank and Financial Institutions Division, Ministry of Finance (BFID), directed the state-run banks for bringing down the default loan amount.He came up with the directives in a meeting with chief executive of state-run Sonali, Rupali, Agrani,

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 Wednesday, the fourth trading day of the week.DSEX, the broad index of DSE, rose over 25.33 points or

1000 new flats for govt officials

DHAKA: Housing and Public Works Minister Engineer Mosharraf Hossain on Tuesday categorically said the government would build some 1,000 flats for its officials in Motijheel and Azimpur areas.The minister came up with the disclosure while addressing the inaugural ceremony of international

Atiur gives certificates at workshop

DHAKA: Bangladesh Bank governor Dr Atiur Rahman distributed certificates among the participants of a two-day Adaptive Leadership Development workshop on Monday.Principal of Ignite Leadership Consulting conducted the workshop, said a press release on Tuesday.The curriculum of the two-day

ECNEC nods 6-project worth Tk 1,347-cr

DHAKA: The Executive Committee of National Economic Council (ECNEC) approved six projects worth Tk 1,347 crore on Tuesday.Prime Minister Sheikh Hasina chaired the meeting at NEC Conference Room at Planning Commission in city’s Sher-e-Bangla Nagar.The government will provide total

Khulna shrimp industries incur Tk 10cr loss per day

KHULNA: Indefinite shutdown and blockades have put the shrimp industries of Khulna, popularly known as ‘white gold’, into rough water.The exporters could not collect shrimp due to paucity of transports. This has caused serious problems for the exporters for shipment of shrimp

ACC summons Bangladesh expat

DHAKA: Anti-Corruption Commission (ACC) summoned a Bangladeshi expatriate in Hong Kong following the advice of the Hong Kong’s Independent Commission Against Corruption (ICAC) on charge of money laundering.Without mentioning the name and address of the accused, ICAC said that the

5 AB Bank officials sued

DHAKA: The Anti-Corruption Commission (ACC) sued five officials of Arab Bangladesh (AB) Bank on Sunday on charge of swindling out Tk 3.79 crore from the bank.ACC deputy director Mir M Zainul Abedin Shibli filed the case against them with Motijheel Police Station.The accused are Vice

Stocks end higher Sunday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses-Dhaka Stock Exchange (DSE) and Dhaka Stock Exchange (CSE) on Sunday. DSEX, the broad index of DSE, gain over 10.96 points only to stand at 4,635 at the close on the first trading day of the week. Trade

ACC sues Nasir Group chairman, 9 others

DHAKA: Anti-Corruption Commission (ACC) sued 10 people, including Nasir Group Chairman Nasir Uddin Biswas, on charge of money laundering. ACC assistant director SM Rafiqul Islam filed the case with Gulshan Model Thana around 6:45pm Sunday. The case was filed under Money Laundering