Monday, 10 Mar, 2025

Business

DSE up, CSE down Wednesday

DHAKA: The Dhaka Stock Exchange (DSE) witnessed inflation of share price indices while the Chittagong Stock Exchange (CSE) saw loss on Wednesday (April 6), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 4.12 points or 0.09

Markets witnessing loss at opening

DHAKA: The two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- of the country are witnessing negative trends in share price indices on Wednesday (April 6), the fourth trading session of the week.   DSEX, the prime index of Dhaka Stock Exchange (DSE), shed

BP ordered to pay $20bn over 2010 oil spill

DHAKA: A federal judge in the US state of Louisiana has granted final approval to an estimated $20bn settlement over the 2010 BP oil spill in the Gulf of Mexico, resolving years of litigation over what caused one of the biggest ever environmental disasters. The settlement, first

Basic Bank GM held in graft case

DHAKA: Anti Corruption Commission (ACC) has arrested Basic Bank general manager (GM) Joynal Abedin in a loan scam case.   He was arrested on Tuesday noon (April 5) by a team led by ACC director Syed iqbal Hossain from Sena Kolyan Bhaban in city’s Motijheel area. Earlier from

Markets see deflation Tuesday

DHAKA: The two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- of the country witnessed negative trends in share price indices on Tuesday (April 5), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 21.93

India cuts interest rates to five-year low

DHAKA: India’s central bank has cut its key interest rate for the first time this year.   The Reserve Bank of India (RBI) reduced its repo rate to 6.5% from 6.75%, in line with the expectations of many economists, reports the BBC. The repo rate is the level at which the

Lower oil prices hit Asian stocks

DHAKA: Many Asian markets fell on Tuesday as the decline in the oil price appeared to weigh on investor sentiment.   In Japan, the benchmark Nikkei 225 had fallen by more than 2% by midday, shedding 353 points to 15,769. This left the index on track for its sixth straight session

GDP hits 7.05pc, per capita $1466

DHAKA: The Gross Domestic Product (GDP) growth of Bangladesh has hit 7.05 percent for the first time while per capita income has stood at 1466. The information was revealed in an ECNEC meeting on Tuesday. BDST: 1145 HRS, APR 05, 2016 AKA/SMS

Fuel price down by 7 days

DHAKA: State minister for power, energy and mineral resources Nasrul Hamid said that the first phase of fuel price reduction will be announced by seven days.   The state minister confirmed the matter to banglanews on Monday (April 4). According to him, the government is thinking

Markets see inflation Monday

DHAKA: The two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- of the country witnessed sharp gain of share price indices on Monday (April 4), the second trading session of the week.   DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over

Bashundhara Paper Mills gets FSC-CoC certificate

DHAKA: Bashundhara Paper Mills Ltd, the largest paper and tissue manufacturing company in the country, was awarded with FSC-CoC certificate recently by RINA Services S.p.A, Italy. This made the company first and only FSC-CoC certified paper and tissue manufacturing company in

High import duties bar local companies to make LED chip

DHAKA: The local entrepreneurs are showing reluctant to make investment in the establishment of LED chip manufacturing unit in Bangladesh as there is discrepancy in the import duties’ structure between complete LED chip and its necessary raw materials.   LED (Light Emitting Diode)

US-Bangla Airlines to launch Kathmandu flight

DHAKA: After successful operation in the domestic region, US-Bangla Airlines has declared Kathmandu to be its first international destination in Nepal.   US-Bangla operates flights to highest number of destinations and carried the highest number of passengers within Bangladesh.

Bourses witness gain

DHAKA: The two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- of the country are witnessing gain of share price indices in the opening hour on Monday (April 4), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

Sunaina’s Boutique showcasing Pahela Baishakh collections

DHAKA: Keeping in concern Bangali’s biggest festival Pahela Baishakh, Sunaina’s Boutique brings its collections of saris and salwar kamizs, three-piece, shoes, fashion accessories and fashion products. Young women entrepreneur and founder of the boutique Sunaina Mandipa said they

Huawei profits up more than 30%

DHAKA: China’s tech giant Huawei said profits for the full year to December rose by 33% from a year earlier, boosted by demand for its smartphones, among other devices. Net profit came in at 36.9bn yuan ($5.7bn), the firm said, reports the BBC. Strong sales in China and Western

Week in trading ends positively

DHAKA: The two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- of the country witnessed gain of share price indices on Thursday (March 31), the final trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 22.24 points

US Fed comments continue to buoy markets in Asia

DHAKA: Markets in Asia were in positive territory early on Thursday as investors continued to find solace in Fed comments about US interest rates. Earlier this week, US Federal Reserve chair Janet Yellen said the Fed should ‘proceed cautiously’ before raising interest rates,

Monem, Mohiuddin receive President’s Industrial Award

DHAKA: Abdul Monem and ASM Mohiuddin Monem receive President’s Industrial Award in city on Wednesday (March 30). Abdul Monem, Managing Director of Abdul Monem Limited (AML) received the President’s Industrial Award under the large industries category for playing an important role

Demands for Walton AC go up

DHAKA: The sales of air conditioners (ACs) have been moved up across the country with the advent of sweltering heat as people started purchasing ACs of both the local and the international brands to get relief from the heat. This year, the people are experiencing hot weather a little