Sunday, 09 Mar, 2025

Business

Tannery owners asked to shift factories by 72-hr

DHAKA: Industries minister Amir Hossain Amu asked the tannery owners to shift their factories from city’s Hazaribagh area by 72 hours.‘Otherwise, the factories will be shut down,’ he warned.The minister also passed the directives to BSCIC to send legal notice to the factory owners

Stocks witness fall Sunday

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Sunday, the first trading day of the week. The key index of Dhaka Stock Exchange, DSEX, shed over 1.24 points only to stand at 4674.83 at the close of day’s trading.Trade deals stood at 153283

DSE, CSE up at opening

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- gained in early hours of trading on Sunday.     DSEX, the broad index of the DSE, rose over 17.97 points or 0.38 per cent to 4694.05 after the first one-hour

Tripura power to cost Tk 6.43 per unit

DHAKA: Bangladesh is set to purchase power from Tripura of India with Tk 6.43 per unit.The rate was fixed at a high-level official meeting between the two neighboring countries at Pan Pacific Sonargaon hotel in city on Saturday (January 9).Power, Energy and Mineral Resources state

Car expo begins in city Jan 22

DHAKA: A three-day Barvida car exposition will begin at International Convention City Bashundhara (ICCB) in city on January 22.The fair will introduce buyers about Japanese recondition cars and environment friendly technologies.Bangladesh Reconditioned Vehicles Importers and Dealers

Chinese billionaire Zhou goes missing

DHAKA: Chinese billionaire Zhou Chengjian of one of China’s biggest fashion chains, Metersbonwe, has gone missing.The company confirmed, reports the BBC.Zhou is the latest in a string of high-profile businessmen in the country to temporarily disappear.Metersbonwe suspended trading in

US economy adds 292,000 jobs in Dec

DHAKA: US jobs growth remained solid in December as the economy added 292,000 jobs, beating expectations.The Bureau of Labor Statistics data also showed the jobless rate held at its seven-and-a-half year low of 5%.Professional and business services, construction, health care, and food

Volkswagen sales drop for first time in 11-yr

DHAKA: German carmaker Volkswagen has posted its first drop in VW brand sales in 11 years as the company continues to cope with its emissions scandal.Sales of VW brand cars fell 4.8% in 2015 to 5.82 million cars from 6.12 million a year earlier, reports the BBC.Falling demand in China and

‘Skilled manpower needed to extract coastal resource’

DHAKA: Finance Minister Abul Maal Abdul Muhith put emphasis on need for creating human resources and posses of the technology to extract coastal resources and optimum utilization of those. ‘We are still lagging behind in this sector. It is highly needed to create human resource and

Fair Fest at Bashundhara City Shopping Mall

DHAKA: Bashundhara City Shopping Mall, the one of the largest shopping centers of the country, has signed an agreement with a renowned advertizing agency ‘Third Eye Solutions’ on December 21 2015. On this bilateral contract, the Third Eye Solutions has been allotted 1000 Square feet

Chinese shares jump higher in volatile trade

DHAKA: Chinese shares jumped up after the central bank set the yuan guidance rate higher for the first time in nine days.Regulators also suspended the "circuit breaker" rule late on Thursday after the mechanism was triggered twice in one week, leading to an early close, reports the

2 DMDs, 1 DGM of Basic Bank sent to jail

DHAKA:  A court in Dhaka Thursday sent three senior officers of Basic Bank, including two deputy-managing directors (DMD), to jail in two cases over Tk 2000-crore loan scam. The court of Metropolitan magistrate Kaisarul Islam passed the order after Anti-Corruption Commission produced the

Stocks end week negative

DHAKA: Country's stock market marked fall in its price indices on Thursday, the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 3.72 points only to stand at 4676.08 at the close of day’s trading. Trade deals stood at 143642 with volume of transactions

India to stay at top in growth: WB

DHAKA: The World Bank projected that India would remain comfortably the fastest growing large economy in 2016, at a rate more than a percentage point higher than China’s.In its report Global Economic Prospects, the Bank on Wednesday projected the Indian economy to grow at 7.8% in 2016

Chinese shares stop trading after 7% plunge

DHAKA: Trading on the mainland Chinese markets was suspended for the day, after shares plunged more than 7% for the second time this week.The "circuit breaker" rule, a mechanism introduced to stem volatility in the market, was triggered in the first 30 minutes of trading, reports the

Stocks witnessing fall

DHAKA: Trading on the country’s two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway with downward trend of share-price indices on Thursday.DSEX, the prime index of the DSE, shed over 7.25 points or 1.29 per cent to 4678.51 after the first one and

KSA changes decision in recruiting female workers

DHAKA: Failing to attract Bangladeshi female domestic workers for their house-hold works the Saudi government has agreed take a close relative along with the selected housemaid in their country.After returning from Saudi Arabia tour overseas employment and expatriate welfare minister

Stocks end higher Wednesday

DHAKA: Country's stock market marked significant gain in its price indices on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 36.55 points only to stand at 4679.80 at the close of day’s trading.Trade deals stood at 151977 with volume

Chinese shares rally after recent big falls

DHAKA: Mainland Chinese shares headed higher on Wednesday, recovering some of the steep losses made earlier this week on concerns about the economy.The Shanghai Composite index was up 1.8% to 3,348.22 as measures from regulators to support the stock market started to have an impact,

Market showing positive

DHAKA: Trading on the country’s two bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing gain in share-price indices on Wednesday.DSEX, the prime index of the DSE, rose over 21.42 points to stand at 4664.67 at 11:53 am.Trade deals stood at