Wednesday, 27 Nov, 2024

Business

Tofail joins in SAARC SBLC Thursday

DHAKA: Commerce Minister Tofail Ahmed is set to join as a panelist in the 5th SAARC Business Leaders Conclave (SBLC) which is scheduled to be held in New Delhi of India from January 17 to 18.Ministry sources said being invited by Anand Sharma, Commerce and Industry minister of India,

IBCCI meets Pankaj Saran

DHAKA: A delegation of India-Bangladesh Chambers of Commerce and Industries (IBCCI) met with Indian High Commissioner Pankaj Saran on January 11.In the meeting, they discussed various issues, including mutual interests between the two countries.BDST: 1855 HRS, JAN 15, 2013Edited by: Golam

Stocks end higher Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 39 points to stand at 4,494 at the close on the third trading day of the week.Trade deals stood at 152,666with transaction at Tk 6,930

Remittances nearly $7bn in fiscal first half

DHAKA: Overall remittance of the country reached nearly USD 7 billion during the first half of the current fiscal (July 2013-June 2014).Quoting provisional data, a Bangladesh Bank (BB) official, who preferred to be unnamed, said "inflow of remittances from Bangladeshis fell by about 9

Pran set to start bicycle export to EU

DHAKA: Pran, a leading food producer, is mulling to invest 10 million US dollar in a bicycle assembly plant which is primarily focused on export to the European Union markets. Production is to start next April.PRAN-RFL Group is the Bangladeshi food-products corporation that is making an

BD remittances nearly $7 bn in fiscal first half

DHAKA: Bangladesh`s overall remittance reached nearly $7 billion during the first half of the current fiscal (July 2013-June 2014), a central bank official said Monday.Quoting provisional data, the Bangladesh Bank (BB) official, who preferred to be unnamed, said "inflow of remittances

PRAN-RFL starts bike export to EU

DHAKA: PRAN-RFL Group, Bangladesh’s largest food and nutrition producer is investing 10 million US dollar in a bicycle assembly plant near Dhaka which is primarily focused on export to the European Union markets. “Bicycles as an industry has good prospects to grow both at home and

BD RMG soar 19.95pc in H1 FY ‘14

DHAKA: The exports of readymade garments from Bangladesh rose by a sharp 19.95 percent year-on-year during the first half of financial year 2013-14, defying various odds like image crisis and political instability prevailing during the period, the data from the Export Promotion Bureau

Airbus outperforms Boeing with record sales in 2013

DHAKA: European aircraft maker Airbus beat US rival Boeing with record sales and orders last year but came second in terms of finished airliners delivered.Figures from the company showed on Monday, reports The Straits Times.Airbus said that in 2013 it took 1,503 net orders, allowing for

Tata Motors launches new variant of Nano

DHAKA: Tata Motors Monday launched Nano Twist, a new variant of its entry-level hatchback priced at Rs.2.36 lakh.‘The Nano Twist will redefine customers driving experience in city traffic with the EPAS (electric power assisted steering system),’ said Ranjit Yadav, president, passenger

Market showing negative

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Sunday.The Dhaka Stock Exchange Broad Index (DSEX) shed over 20 points to stand at 4,740 at 1:20pm.Trade deals stood at 62200with volume of transactions at Tk 2,668 million.Of the

MP Mahbub under ACC scanner

DHAKA: Anti-Corruption Commission (ACC) issued notices in seven public organizations asking to submit the statement of wealth of former Water Resources State Minister and current Member of Parliament Mahbubur Rahman on Sunday.The ACC has sent notices at Rajdhani Unnayan Kartripakka

Egypt forex reserves up for first time since August

DHAKA: Egypt’s net international reserves (NIR) rose to $17.105 billion at the end of January, the first increase since August 2013, according to the latest figures released by the Central Bank of Egypt (CBE).The $73 million rise compared to the $17.032 billion recorded at the end of

China corruption crackdown hits catering sector

DHAKA: China’s catering sector grew at its slowest pace in more than two decades in 2013 as diners avoided splashing out in luxury restaurants during an anti-corruption campaign targeting official excess, according to state media.Catering in China grew nine percent last year, the

India luxury car market accelerates despite downturn

DHAKA: German giant Mercedes admits it was ‘a little surprised’ when Indian customers snapped up 125 of its new top-of-the-line S-Class luxury cars costing US$250,000 apiece in just 16 days.India’s auto industry has skidded onto an icy patch and is set for a second straight year of

Stocks end higher Thursday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over four points to stand at 4,753 at the close on the last trading day of the week.Trade deals stood at 160,255 with transaction at Tk 8,569

Global economy at turning point, says WB

DHAKA: The world economy is projected to strengthen this year, with growth picking up in developing countries and high-income economies appearing to be finally turning the corner five years after the global financial crisis, says the World Bank’s newly-released Global Economic Prospects

WB predicts 5.7 pct growth

DHAKA: World Bank predicted Bangladesh growth may dip as much as 1.5 percentage point to fall at 5.7 percent, down from a government projection of 7.2 percent for fiscal 2013-14 due to ongoing political stalemate.The global lender came up with observation on a half-yearly report titled

Stocks witness gain Sunday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, rose over 29 points to stand at 4,437 at the close on the first trading day of the week.Trade deals stood at 136,051with transaction at Tk 6,197

PM opens Dhk Int’l trade fair

DHAKA: The 19th Dhaka International Trade Fair-2014 began in city’s Sher-e-Bangla Nagar area on Saturday.The premier of the country Sheikh Hasina inaugurated the fair at Bangabandhu International Conference Center at 11:00am.At the inaugural session, she said that the government is