Wednesday, 27 Nov, 2024

Business

Stocks end higher Sunday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSE X, rose over 14 points to stand at 4,256 at the close on the first trading day of the week.Trade deals stood at 123,142 with transaction at Tk 4,989

Rana Plaza Tragedy the Third

DHAKA: Rana Plaza tragedy got the third position in list of the top ten Reputation Crises of 2013 published in Bloomberg on Saturday. The story is as follows: No. 1: The U.S. Government The partial government shutdown this year, the debt limit debate, and the rabid partisanship driving

JP Morgan agrees $4.5bn mortgage settlement

DHAKA: US investment bank JP Morgan has agreed to pay $4.5bn (£2.8bn) to investors who lost money on mortgage-related securities during the financial crisis.The settlement is with 21 major institutional investors.Mortgage-related investments were a major factor in the crisis, which began

Best Western inks deal for Dhaka airport hotel

DHAKA: Best Western International (BWI) has signed a contract with Maple Leaf Hotel & Resorts for a new hotel located adjacent to the international airport in Dhaka, Bangladesh.Currently under construction, the hotel near the Hazrat Shahjalal International Airport will operate under the

Myanmar trades least with BD

DHAKA: Myanmar exchanged the least border trade with Bangladesh among its four neighboring countries in this fiscal year, according to the country’s Ministry of Commerce.The country’s border trade with four neighboring countries such as China, India, Thailand and Bangladesh in FY

Stocks witness gain 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 28 points to stand at 4,241 at the close on the last trading day of the week.Trade deals stood at 131,635with transaction at Tk

MasterCard Opens Office in Dhaka

DHAKA: MasrerCard, a technology company in global payment industry announced the office of local representative in Dhaka Wednesday. It’s the first in the industry to inaugurate an office in Bangladesh. MasterCard Marked the occasion with an opening ceremony which graced by Dr. Atiur

Biman extends DC10 Hong Kong service

DHAKA: As per November 13 GDS timetable/inventory display, the national carrier is extending DC10 scheduled operation up to January 2014. Until January 14 inclusive, Biman schedules DC10 service on Dhaka–Hong Kong route.BG078 DAC1300 – 1910HKG D10 25BG079 HKG2030 – 2230DAC D10 25The

Urgent meeting over RMG Thursday

DHAKA: Labour and Employment Minister Rajiuddin Ahmed Raju will hold an emergency meeting with the leaders of readymade garment workers to resolve ongoing unrest in the sector.The meeting will be held at his ministry office at 12:00 noon on Thursday.Information and public relations

FBCCI for Mintu’s immediate release

DHAKA: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Wednesday urged the government to release FBCCI former president Abdul Aowal Mintu.FBCCI president Kazi Akram Uddin Ahmed made the plea while talking to journalists after an emergency meeting of the

General Motors to move int’l HQ to S’pore

DHAKA: General Motors Co said on Wednesday it would move its international operations headquarters to Singapore from Shanghai in the second quarter of 2014.The automaker said it would have about 120 employees in Singapore, who would oversee ‘key parts’ of the company’s business in

Int’l tenders to import 50,000 metric tons wheat

DHAKA: Ministry of Food has issued an international tender notice to import 50,000 metric tons of wheat to restock food reserves.The International tender has been on Tuesday.Mohammad Badrul Hasan, procurement director at the purchasing agency said, “The deadline to submit offers under

Int’l tenders to import 50,000 metric tons wheat

DHAKA: Ministry of Food has issued an international tender notice to import 50,000 metric tons of wheat to restock food reserves.The International tender has been on Tuesday.Mohammad Badrul Hasan, procurement director at the purchasing agency said, “The deadline to submit offers under

Bourses see gain 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 15 points to stand at 4,212 at the close on the fourth trading day of the week.Trade deals stood at 1,21,596 with transaction at Tk 4,712

ACC summons IDRA officer

DHAKA: Anti-Corruption Commission (ACC) has summoned Officer of Insurance Development and Regulatory Authority Bangladesh (IDRA) Abdul Motaleb over bribery scandal.IDRA Junior Officer Sohel Rana was also summoned to quiz him for finding out the mystery of the bribery case.ACC sources said

Stocks witness mixed Tuesday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Tuesday.The key index of Dhaka Stock Exchange, DSEX, shed over zero point to stand at 4,197 at the close on the third trading day of the week.Trade deals stood at 110,124 with transaction at Tk 3,810

News Corp reports fall in revenues

DHAKA: Rupert Murdoch`s News Corp has reported a modest profit for the three months to the end of September, but also saw falling revenues from advertising.The publisher of the Times and the Wall Street Journal said net income for the quarter was $27m (£16.9m).But revenues came in at

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Monday.The key index of Dhaka Stock Exchange, DSEX, rose over 32 points to stand at 4,277 at 11:30 am.Trade deals stood at 49,056 with transaction at Tk 1,741 million.Of the issues traded, 188

BD, northeast Ind connectivity to be developed

DHAKA: Surface connectivity between India`s northeast region and Bangladesh would be further developed for the economic development of the region, a union minister said here Sunday."Prime Minister Manmohan Singh has recently directed to the concerned ministries to further improve the

Govt’s debt Tk 87832 cr in 5-yr

FROM JATIYA SANGSHAD: Finance Minister AMA Muhith on Sunday said the government took Tk 232,630 crore through treasury bills and bonds in the last five years from various scheduled banks, financial institutions and Bangladesh Bank.Out of the amount, the government repaid Tk 144,798 crore