Sunday, 09 Mar, 2025

Business

DSE, CSE see fall Wednesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss of share prices indices on Wednesday (May 11), the fourth trading day of the week. DSEX, the prime index of DSE, shed over 11.87 points or 0.27 percent to stand at

Wall Street sees best rally for 2 months

DHAKA: Wall Street markets had their biggest gains in two months following a global rally set off by positive Chinese inflation data. Producer prices in China fell at their slowest rate in 16 months in April, while consumer prices climbed 2.3% in the same month. The Dow Jones

Saudi Arabia to increase oil production

DHAKA: ‘Welcome to Saudi Aramco’ – that’s not a message you see very often as a foreign journalist but the normally secretive state owned oil company is on a charm offensive. Sadly for other oil producers that does not extend to helping drive oil prices higher by cutting

SWIFT rejects allegations of security holes

DHAKA: SWIFT (Society for Worldwide Interbank Financial Telecommunication) has rejected allegations of security holes over 81 million US Dollars cyber heist from Bangladesh Bank reserve in February.  It comes on Monday, in the wake of Bangladeshi police and a central bank official

Ban on cargo flights at Shahjalal relaxed

DHAKA: Australia decided to allow cargo flights from Bangladesh after those are rescanned from a third country. Civil aviation and tourism minister Rashed Khan Menon disclosed the matter in a press briefing at his secretariat office in city on Monday afternoon (May 9). He further

Bourses witness loss Monday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss of share prices indices on Monday (May 9), the second trading day of the week.   DSEX, the prime index of DSE, shed over 10.67 points or 0.24 percent to stand at

GP, Chaity Group sign accord

DHAKA: Chaity Group has signed an agreement with Grameenphone Ltd. to avail complete communications solutions facilities under the Business Solutions Package. Chaity Group Director Fahmida Shabnam Chaity and GP Deputy Director (direct sales) Sajjad Alam agreement the signed on behalf

Robi makes Mothers’ Day more memorable

DHAKA: Robi, one of the largest telecom operators of the country, has organized a special month-long Value Added Service (VAS) campaign to celebrate the Mother’s day. In order to take part in the Mother’s Day campaign, the user needs to subscribe to the VAS product named Girls Zone

Rizal Bank CEO quits taking responsibility

DHAKA: Rizal Commercial Banking Corporation (RCBC) president and chief executive officer Lorenzo Tan resigned to take “moral responsibility” for the Philippine lender’s involvement in the $81 million laundering of Bangladesh Bank (BB) reserves. His resignation came though an

Banglalink customers get 10pc off at shafmart.com

DHAKA: Banglalink, country’s one of largest telecom operators, has signed an agreement with shafmart.com, an e-commerce site run by country’s prominent singer and successful entrepreneur Shafin Ahmed. Under the program Banglalink Priyojon customers will enjoy 10 percent discount on

Bourses end week in Green

DHAKA: Amid rise and fall, the two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- ended the week on a positive note witnessing gain of share prices indices on Thursday (May 5), the final trading day of the week. DSEX, the prime index of DSE,

Industrial use of Solar PV-LED tech urged

DHAKA: Speakers put emphasis on the vast use of energy efficient technologies like Solar PV and LED Lighting in the industrial sector to help country reach the strategic target of $50 billion in RMG export by 2021. They came up with the urge at a workshop, titled ‘Solar PV & LED

EU upholds tough rules on tobacco packaging

DHAKA: Rules that will drastically alter cigarette packaging are set to be adopted, after big tobacco firms failed to block new European Union laws. Europe’s highest court upheld a law that will standardize packaging and ban the advertising of e-cigarettes, reports the BBC. The

Google, Fiat Chrysler announce driverless cars deal

DHAKA: Fiat Chrysler has announced a deal with Google to double the size of the tech giant's fleet of self-driving cars. Fiat will supply 100 Chrysler Pacifica vans and provide engineers to help integrate the technology, reports the BBC. The companies described the deal as the

Shell cuts spending as profits fall

DHAKA: Royal Dutch Shell has said it will cut its spending by another 10% this year as it warned lower oil prices were continuing to affect its business. The oil firm said it would reduce investment to $30bn from a planned $33bn, after coming under pressure from shareholders to cut

Bourses witness fall Wednesday

DHAKA: After witnessing rise on Tuesday the two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- again witnessed loss of share prices indices on Wednesday (May 4). DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 13.97 points or

Top Saudi construction firm sheds 77,000 jobs

DHAKA: Saudi Binladin Group, a Saudi-owned construction company, has laid off about 77,000 foreign workers and plans to cut thousands of jobs held by Saudi nationals. A local newspaper reports, Al Jazeera says on Tuesday (May 3). Binladin has issued 77,000 final exit visas to

Australia cuts interest rates to 1.75% ahead of budget

DHAKA: The Reserve Bank of Australia has cut its official cash rate by 25 basis points to a historic low of 1.75% from 2%, the first cut since May 2015. The bank cited lower-than-expected inflationary pressures as the reason for the cut. Data published last week showed inflation is

Tk 35,000-cr for Padma Bridge railroad

DHAKA: The Executive Committee of the National Economic Council (ECNEC) gave an approval to a project worth Tk 34,988.86-crore to install rail tracks to connect the south-western part of the country through the Padma Bridge. The mega-project was approved on Tuesday (May 3) at NEC

Bourses see sharp rise Tuesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed sharp rise of share prices indices on Tuesday (May 3), the second trading session of the week as Sunday was a holiday. DSEX, the prime index of Dhaka Stock Exchange