Friday, 29 Nov, 2024

Business

Bashundhara Group donates to burn victims

DHAKA: Bashundhara Group, leading business conglomerate of the country, stood beside the burn victims, who were affected during the recent violence in the city.On behalf of Bashundhara Group chairman Ahmed Akbar Sobhan, daily 'Kaler Kantho' editor Imdadul Haq Milon and ‘Bangladesh

ACC summons 11 One Bank officers

DHAKA: Anti-Corruption Commission (ACC) summoned 11 officials of One Bank Limited for interrogating over the allegation of Ananda Shipyard’s loan scam of Tk 1300 crore.The ACC sent a notice signed by its deputy director Mir M Zainul Abedin Shibli to the bank authorities on Monday and

Business leaders console Khaleda

DHAKA: Apex business organization of the country FBCCI, BKMEA and readymade garments owners’ organization BGMEA delegates went to BNP Chairperson Khaleda Zia’s Gulshan political office and signed in the condolence book.A 14-member delegation, including BGMEA president Atiqul

Imports increase 11.36pc in 5-month

DHAKA: The amount of imports of Bangladesh has increased over $16 billion (11.36 percent) in the first five months of 2014-15 fiscal year.The central bank of the country, Bangladesh Bank (BB), disclosed the matter on Monday.According to BB, the settlement of letters of credit (LCs)

WB provides loan $375m for shelter centers

DHAKA: The World Bank (WB) will provide 375 million US dollars for setting up some 556 shelter centers in nine districts of the country. An agreement, under Multi-Purpose Disaster Shelter project, was signed between Bangladesh and WB at Economic Relation Department (ERD) conference room

‘Say no to corruption, harassment’

DHAKA: The National Board of Revenue (NBR) Chairman Mohammad Nazibur Rahman urged the customs officials to say ‘No’ to corruption and harassment in providing services for revenue collection.He came up with the plea as chief guest at the inaugural program of the celebration of

Stocks witness fall Monday

DHAKA: The country’s both bourses--Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)--witnessed fall in the share price indices on Monday.DSEX, the broad index of DSE, shed over eight points to stand 4708 at the close of second trading day of the week. Trade deals stood

Oil falls after Greek election sends euro tumbling

DHAKA: Oil slid in early Asian trade on Monday, with US crude falling close to a six-year low, after Greece’s election results heightened uncertainty in the euro zone and depressed the bloc’s currency against the US dollar.Greece’s left-wing Syriza appeared on course to trounce

Govt inks Tk 3,120cr deal with WB

DHAKA: The government signed an agreement with World Bank (WB) worth Tk 3,120 crore under third Primary Education Development Program (PEDP3). The signing ceremony was held in National Economic Council (NEC) conference room in city’s Agargaon area on Sunday afternoon. Senior secretary

Int’l plastic fair begins Jan 27

DHAKA: The 10th International Plastic Fair will be inaugurated on January 27 with the aim of flourishing the country’s plastic industry.The fair will jointly be organized by Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) and Taiwan’s Chan Chung

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 81 points only to stand at 4,716 at the close on the first trading day of the week. Trade deals stood at 75302 with volume of transactions at Tk 3534

BD workers to go to Saudi with cost of TK 20,000

DHAKA: Expatriate Welfare Minister Khandaker Mosharraf Hossain on Sunday said with cost of TK 15000-20,000, some skilled manpower from Bangladesh will go to Saudi Arabia soon.The minister disclosed the matter at press conference at Expatriate Welfare Bhaban after returning from Saudi

DITF gets 10 more days

DHAKA: Considering ongoing political turmoil, the duration of Dhaka International Trade Fair (DITF) has been extended by 10 days. Now the fair will be continued till February 10, announced Export Promotion Bureau (EPB) Sunday following requests of participating business

Shoppers count Tk 3,000cr loss per day

DHAKA: Shop owners have already incurred a loss of Tk 3,000 crore per day due to ongoing nationwide blockade called by BNP-led 20-party alliance.Bangladesh Shop Owners’ Association (BSOA) claimed it on Saturday at press conference in city’s New Elephant Road area.The businessmen

Holidays in Europe beckon as euro falls

DHAKA: More people are heading to Europe for a holiday, which has become more affordable with the falling euro. Travel agencies here have seen an increase in demand for travel to the continent, some by as much as 40 percent. ‘We’re still seeing strong demand, especially over the

Euro hits new 11-year low against USD

DHAKA: The euro fell again against the US dollar, hitting a new 11-year low a day after the European Central Bank unveiled a vast bond-buying programme to revive the euro zone. The currency market also nervously awaited the outcome of Greece’s general election on Sunday, with polls

ECB announces $1.27 trillion stimulus package

DHAKA: The European Central Bank (ECB) has announced a program to buy $69 billion of public and private bonds per month until September next year in a bid to kick-start the continent’s faltering economy. The purchases will begin in March and eventually total $1.27 trillion, said

Wales business delegation arrives Sunday

DHAKA: A 25-member strong business delegation from Wales is set to arrive in Dhaka on Sunday (January 25) to drive forward business relations between Wales and Bangladesh in the fields of ‘Knowledge Businesses & Knowledge Transfer’.  Organised by the Wales Bangladesh Chamber of

‘Japan economy will show a powerful upward trend in 2015’

DHAKA: Japan could see some ‘concrete movement’ in its real economy in 2015, an economic adviser to Japanese prime minister Shinzo Abe said on Thursday, adding that inflation expectations have been rising under the Bank of Japan’s monetary stimulus.The Japanese economy will show a

Tk 36,500cr loss in 16 days

DHAKA: Dhaka Chamber of Commerce and Industries (DCCI) president Hossain Khaled said the political turmoil in the country has eaten up some Tk 36,445 crore in 16 days. He told the media at a press conference held at DCCI auditorium in city’s Motijheel area on Thursday.Detailing the