Friday, 29 Nov, 2024

Business

ACC summons Standard Bank VP among 6

DHAKA: Corruption watchdog Anti Corruption Commission (ACC) summoned six officials of Standard Bank Limited, including a senior vice president, to quiz them in a debit card fraud case. A notice was to the bank on the matter. ACC deputy director, also case investigating office, Moshiur

Int’l economic conference in city Oct 25

DHAKA: International Chamber of Commerce Bangladesh (ICCB) will organize a two-day conference at Bangabandhu International Conference Centre in city on October 25. The ICCB will arrange the conference titled “Global Economic Recovery: Asian Perspective to mark its 20 years of presence

Ad against fugitives of Destiny scam

DHAKA: A Dhaka court on Monday asked to publish advertisements against the fugitive 46 accused people of Destiny on national dailies following the embezzlement of Tk 4119 crore and money laundering cases.The court also directed authorities concerned to appear the fugitives before it by

BB issues show-cause to 4 banks

DHAKA: Bangladesh Bank (BB) has issued a show-cause notice to four private banks for appointing more than two directors from same family.The central bank, however, also asked the banks to bring down the number of their directors coming from a same family within next seven working

APJ Abdul Kalam due Dhaka Oct 17

DHAKA: Former Indian President APJ Abdul Kalam will visit Dhaka on October 17 on invitation of Metropolitan Chamber of Commerce and Industry (MCCI).He is scheduled to join a program on the occasion of 110th anniversary of MCCI. Besides, the former Indian President will also address a

Bourses witness fall Monday

DHAKA: Both two bourses of the country witnessed negative trend in share-price indices on Monday. The broad index of Dhaka Stock Exchange, DSEX, shed over 24 points to stand at 5309 at the close on the second trading day of the week. Trade deals stood at 186334 with transaction at Tk

Industries Minister Set to Join Investment Summit

DHAKA: An eight-member delegation led by Industries Minister Amir Hossain Amu is set to leave for Geneva of Switzerland on Sunday night to join in the bi-annual Investment Summit titled World Investment Forum-2014. The United Nations Conference on Trade and Development (UNCTAD) has

Banglalink distributes recycled school bags

DHAKA: Banglalink, one of the leading telecom operators in Bangladesh, recently distributed 1,000 recycled school bags among primary school children across three different districts. Banglalink Brand Ambassador Shakib Al Hasan, also world famous Bangladeshi all-rounder cricketer,

Unawareness big challenge in tax return

DHAKA: National Board of Revenue (NBR) chairman Golam Rahman on Sunday said unawareness among the taxpayers is the big challenge in tax return submission.He said some 2.5 lakh taxpayers are dropped out every year because of unawareness.We should work together to create awareness, he

Stocks end higher Sunday

DHAKA: Country's stock market marked fall again in its price indices on Sunday.The broad index of Dhaka Stock Exchange, DSEX, rose over 96 points only to stand at 5334 at the close on the first trading day of the week.Trade deals stood at 174786 with volume of transactions at Tk 9153

China overtakes US as world’s largest economy

DHAKA: China has toppled America to become the biggest economy in the world, according to figures from the International Monetary Fund.The US has been the global leader since it overtook Britain in 1872, but has now lost its status as top dog.The latest IMF figures show the Chinese

BD to import gasoil from Jan 2015

DHAKA: Bangladesh will import gasoil with 0.05 percent sulfur content, instead of 0.2-0.25 percent, from January 2015, in line with instructions from the Ministry of Environment and Forest.Bangladesh Petroleum Corporation Chairman (BPC) Eunusur Rahman said this on Thursday.State-owned

27 travel agencies dodge Tk 50cr tax

DHAKA: After finding evidences of a total of Tk 50 crores tax evasion, National Board of Revenue (NBR) has frozen bank accounts of 27 travel agencies.  The shocking data was revealed following an investigation carried out by the Central Intelligence Cell (CIC) of the NBR. The

Hides start decomposing after Eid

FROM LALBAGH POSTA: The hides of the sacrificed animals for Eid-ul-Azha have started decomposing on the second day of the festival.The hide traders warned that at least 40 percent hides will be damaged due to heavy heat, long queue in traveling routes as well as indiscipline

Commodities price still higher for festivals

DHAKA: The supply of the essential goods has decreased in city. Besides, the prices of garlic and ginger are up in wholesale markets.The whole sellers said the prices of essential goods have increased as the ports are closed for the Durga Puja and Eid-ul-Azha festivals.The prices could

Tripura to supply 100MW power to Bangladesh

DHAKA: India has initiated the process to supply 100MW of electricity from Tripura to Bangladesh.An Indian diplomat said on Tuesday, reports The Times of India.“Several steps were taken about the Indian government’s commitment of supplying 100 MW of power to Bangladesh from southern

Red alert on borders to stop hide smuggling

BENAPOLE, JESSORE: Border Guard Bangladesh (BGB) issued red alert at Benapole and Putkhali frontiers to stop hide smuggling in the district on Monday. The red alert was issued around 2:00pm. BGB-26 Commander Lieutenant Colonel Jahangir Alam told banglanews that there was possibility

60pc of defaulted loan in 200 organizations

DHAKA: Some 60 percent of the total defaulted loans of four state-run banks have been given to 200 top organizations in the country. Bangladesh Bank (BB), the central bank, sent a report mentioning the matter to finance ministry’s Bank and Financial Institutions Division. The bank

Bangladesh exporting food-grains to Sri Lanka

JHALKHATHI: Industries minister Amir Hossain Amu claimed that Bangladesh has become a self-sufficient country in production of food-grains after the Awami League-led government came to power in 2009. The country is now exporting food-grains to Sri Lanka after fulfilling the domestic

Bikroy.com gives Eid offer prizes

DHAKA: Country’s leading online marketplace Bikroy.com awarded the winners of Eid special offer with a cow and a goat on Saturday.  Bikroy.com marketing manager Eshita Sharmin handed over the prizes to the winners at ceremony on the day. The winners are- SM Sajal, and Amina Sultana