Sunday, 09 Mar, 2025

Business

Tannery shifting ultimatum fails

DHAKA: Not a single tannery of the total 155 was moved from capital’s Hazaribagh to Savar though the 72-hour ultimatum of industries minister Amir Hossain Amu for shifting the tannery has crossed ten days ago.After the expiry of tannery shifting deadline, as many as 133 tanneries’

Google to pay £130m in backdated UK tax

DHAKA: Google has agreed to pay £130m in back taxes after an "open audit" of its accounts by the UK tax authorities.The company had been accused of "not paying its fair share" of tax, and criticised for complex tax structures, reports the BBC.Senior figures at the technology company have

BARVIDA Car Expo kicks off in city

DHAKA: A three-day ‘BARVIDA Car Expo -2016’ has started in the capital aiming to inform about the state of the art reconditioned car made by Japan and supply those in a cheap price to the consumers. Shipping Minister Shahjahan Khan has inaugurated this expo in International

Asia stocks rise as ECB soothes markets, oil bounce

DHAKA: Asian stocks rose on Friday after a hint of more monetary easing by the European Central Bank and a bounce in crude oil from 12-year lows helped soothe skittish markets.Japan's Nikkei jumped 3.5 percent to move away from a 15-month low struck Thursday, reports the

Banks in customs areas open Friday, Saturday

DHAKA: Bangladesh Bank has asked branches of banks in customs areas to remain open on Friday (January 22) and the following day to minimize the loss due to the disruption of server of customs houses for past some days.The directive was given from off-site supervision department of the

Tourism coop strengthening with China

DHAKA: China has agreed to cooperate with Bangladesh in flourishing the latter’s tourism sector by utilizing centuries-old Buddhist heritage to attract tourists from Buddhist community.In a meeting with Civil Aviation and Tourism minister Rashed Khan Menon, the visiting Chinese

Rail pact, hydropower projects discussed

DHAKA: Bangladesh, Bhutan, India and Nepal (BBIN) discussed specific hydropower projects under BBIN framework that could be concretized on equitable basis and agreed to commence talks on the possibility of having a BBIN Rail Agreement.The joint working groups (JWGs) on sub-regional

EBL joints hands with Grameenphone

DHAKA: Eastern Bank Limited (EBL) has recently signed Business Solutions agreement with Grameenphone Ltd to avail state of the art communication solutions.EBL deputy managing director Akhtar Kamal Talukder and Grameenphone Head of Direct Sales Sajjad Alam signed the agreement on behalf of

European markets stabilize after falls

DHAKA: European markets have opened slightly higher, a day after global turmoil saw billions wiped off the value of shares.After falling 3.5% on Wednesday, London’s benchmark FTSE 100 share index was up 0.5% in the first few minutes of trading, reports the BBC.Earlier, stocks in Asia

Stocks end week negative

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Thursday, the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 11.56 points only to stand at

Market showing mixed

DHAKA: Trading on the country’s two bourses is underway with mixed trend of share-price indices on Thursday, the last trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange (DSE), rose over 1.63 points to stand at 4671.14 at 12:09pm.Trade deals stood at 48526 with volume

Asian markets up after global shares turmoil

DHAKA: Asian stocks opened higher after turmoil on financial markets saw European and US indexes tumble following another oil price fall.Thursday’s gains though did not recover the losses financial markets have seen over past days, reports the BBC.Investors remain worried over slumping

Stocks end lower Wednesday

DHAKA: Country's stock market marked fall again in its price indices on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 27.99 points only to stand at 4669.51 at the close of day’s trading.Trade deals stood at 159727 with volume of

DSE, CSE witnessing mixed

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed mixed trend in early hours of trading on Wednesday. DSEX, the prime index of the DSE, rose over 6.79 points or 0.14 per cent to 4704.30 after the first

Sliding oil prices drag down Asia stocks

DHAKA: Asian markets fell again as oil prices slid through $28 a barrel and Wall Street put in a weak performance.Japan’s Nikkei was down 3 per cent while Australia’s S&P/ASX 200 fell 1.1 per cent, surrendering early gains, reports the Financial Times.At the lunch break, the Hang Seng

Oil price at $23.58 per barrel

DHAKA: The price of crude oil came down to $23.58 dollars a barrel on Monday (January 18).Earlier on Friday (January 15), the price was $24.74, according to OPEC Secretariat calculations.The price is expected to come down more as Iran announced to raise oil production to grab its market

DSE, CSE witness gain Tuesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over 10.30 points or over 0.21 percent to 4697.50 after the end of

10 Bangladeshi expats get CIP cards

DHAKA: Expatriate welfare and overseas employment ministry has awarded 10 Bangladeshi expatriates with Commercially Important Person (CIP) cards for their respective contribution to the economy of Bangladesh in 2014.Minister Nurul Islam BSc handed over the cards at a program, organized by

Adidas names Rorsted as new CEO

DHAKA: Shares in Adidas have risen more than 5% after the German sportswear firm named its new chief executive.Kaspar Rorsted, who Adidas called the ‘perfect candidate’, will take over on 1 October, reports the BBC.He is currently the boss of Henkel, whose brands include Persil

France in state of economic emergency

DHAKA: President Francois Hollande has set out a €2bn job creation plan in an attempt to lift France out of what he called a state of ‘economic emergency’.Under a two-year scheme, firms with fewer than 250 staff will get subsidies if they take on a young or unemployed person for six