Thursday, 28 Nov, 2024

Business

Bourses see gain Sunday

DHAKA: Investors witnessed negligible gain in benchmark indices of the country’s bourses on Sunday.The DSE broad index rose over 17 points to stand at 4616 at the close on the first trading day of the week.The volume of transactions stood Tk 90,804 million with 3,991 trade deals.   Of

GSL alliance with CodersTrust

DHAKA: A new era has initiated for Grameen Solutions Ltd. (GSL) with collaboration with Denmark based Company CodersTrust. The partnership was announced before Sir Richard Branson, the founder of Virgin Group and Morten Lund, Co-investor of Skype, ZYB.This auspicious event held in

Substandard paper being imported

DHAKA: Import of spurious papers through “false declaration” goes unabated despite frequent request made to the government authorities concerned by the local producers to stop it.An appeal was made to the Prime Minister, the finance minister and the NBR chairman five years ago to save

Dubai needs 500,000 workers

DHAKA: Dubai’s construction and real estate sectors are facing a combined manpower shortfall of up to 500,000 heading into 2015, according to the findings of the Workforce Planning Study, which was commissioned by Dubai International Academic City (DIAC) and conducted by Deloitte.The

Muhith for sharing development ideas

DHAKA: Bangladesh made a strong call for better sharing of ideas and information on development successes among the southern nations at the first High Level Meeting of the Global Partnership that ended in Mexico on April 16. Finance Minister AMA Muhith who was leading the Bangladesh

Workers’ leaders have no data

DHAKA: The workers’ leaders have no information regarding the non-implementation of the garment workers’ minimum wages.State Minister for Labour and Employment Mujibul Haque Chunnu on Saturday came up with the observation on Saturday.He addressing at a workshop titled “Bangladesh

BRAC Chicken lunches quick service `eat@`

DHAKA: BRAC Chicken on Thursday launched its first quick service restaurant `eat@` to provide its customers with “quick prepared foods”, says a press release on Friday.BRAC Enterprises senior director Tamara Hasan Abed inaugurated the outlet at the level 5 of Jamuna Future Park in

$15m collected for fund

DHAKA: A UN-backed scheme to compensate victims of Bangladesh`s Rana Plaza factory collapse is barely one-third full, despite pressure on dozens of western brands to assume some financial responsibility for one of the world`s deadliest industrial accidents of modern times.A year after the

Alliance to provide 50pc salary

DHAKA: The Alliance for Bangladesh Worker Safety will pay 50 percent of the total salary of the garments which are temporarily closed or will be closed.The Alliance chairperson Ellen Tauscher informed garment owners on Thursday evening.She came up with the assertion while addressing a

Tk 5,000cr wastage in BTCL project!

DHAKA: Bangladesh Telecommunications Company Limited (BTCL) is going to make wastage of at least Tk 5,000 crore in a project for selecting an undependable technology. Though the project cost was estimated at Tk 6500 crore, this can be done costing only Tk 1500 crore, sources concerned

Bikroy hands over Samsung Galaxy Tab3 to 3 winners

DHAKA: Bikroy.com, one of the leading online markets, handed over the prizes to three winners of its competition ‘sell your used home appliances and win Samsung Galaxy Tab3 every week’ on the occasion of Bengali New Year.The competition continued for three weeks. One of the winners M

‘Study finds microfinance more helpful’

DHAKA: The Noble Peace Prize sharing Grameen Bank and its founder Muhammad Yunus came under “assault’ of government just after World Bank study on microfinance, the biggest one of its kinds so far, rehabilitates the reputation of the practice as a means of helping poor people,

State-owned banks - From cancer to pimple

DHAKA: UK’s influential news magazine The Economist called the state-owned banks as a cancer to a pimple. Economist published the report titled “From cancer to pimple” on Thursday, which is available on its online version and will be appeared on its print version of April 19th

Exports hit over 22 bln USD

DHAKA: Bangladesh`s export income in the first three quarters of the current 2013-14 fiscal year (July 2013- June 2014) surged nearly 13 percent to 22.24 billion U.S. dollars with ready-made garments as the key performer, an official said Wednesday.The Export Promotion Bureau (EPB)

Tea prices fall again

DHAKA: The prices of Bangladesh tea fell sharply again this week at a weekly auction.Brokers said the price dragged down by poor grade leaf near the end of the season.The tax authority last week trebled regulatory duties to 15 percent on imports of tea to discourage overseas buying after

ECNEC approves 3 projects involving Tk 1,419cr

DHAKA: Executive Committee of National Economic Council (ECNEC) on Tuesday approved three projects involving Tk 1,419 crore.The approval came an ECNEC meeting held at Sher-e-Bangla Nagar of the city at noon with Prime Minister Sheikh Hasina in the chair. The projects are Extension of

Syngenta signs MoU with PRAN

DHAKA: Syngenta Foundation Bangladesh and PRAN Agro Business Limited signed a Memorandum of Understanding (MoU) at the PRAN-RFL Group corporate headquarters in Dhaka recently. The agreement enables PRAN to provide better supports and buy high-quality produce from smallholders, who can

WB asks to refund money

DHAKA: World Bank (WB) has asked to return a little amount of money of the ‘Avian Influenza Preparedness and Response’ project after bringing allegation ‘miss procurement’ in the project.Department of Lives Stock is implementing the project.The donor organization did raise no

GSP report sent to US: Tofail

DHAKA: The report on fulfilling conditions for regaining Generalized System of Privilege (GSP) has been sent to United States.Commerce Minister Tofail Ahmed made the disclosure while talking to journalist at his secretariat office on Tuesday noon.The US government imposed some conditions

China may have 1,000 tonnes of gold tied in financing

DHAKA: Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, an industry report said, indicating a big a slice of imports has been used to raise funds due to tight credit conditions, rather than to meet consumer demand.The financing-related buying in the