Friday, 07 Mar, 2025

Business

Market showing positive

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 55.57 points to stand at 4567.11 at 11:27 am.Trade deals stood at 27334 with transaction at Tk

Eastern Bank launches EBL Skybanking

DHAKA: Eastern Bank Ltd (EBL) has launched a mobile application for banking services titled ‘EBL Skybanking’ for both EBL and non-EBL customers.The mobile App, first of its kind in Bangladesh, will help the users to do fund transfer, bills payment, to receive information about

Stocks see minor fall Sunday

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Sunday, the first trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 9.33 points only to stand at 4511.53 at the close of day’s trading.Trade deals stood at 104401 with

Japanese real estate company keen to invest $300mln

DHAKA: A Japanese real-estate firm has now expressed its interest to invest in a large-scale to meet the demand of middle-income group in the capital.Creed Asia BD Company Limited (Bangladesh) is willing to invest $300 million (Tk 2339-crore) to develop a modern and affordable housing at

PM unveils Simanto Bank logo

DHAKA: Prime Minister Sheikh Hasina unveiled logo of Simanto Bank, a bank for members of Border Guard Bangladesh (BGB), at a program of BGB Day 2015.During the time, she also inaugurated three 50-bed hospitals in Chuadanga, Thakurgaon and Khagrachori.Prior to that the primer took salute

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 prime index of the DSE, rose over 8.03 points or 0.17 per cent to 4528.91 after the first one-hour

FDI barriers in real estate sector

DHAKA: Bangladesh, an emerging country with growing economy, has attracted investors from developed countries to its promising sectors including Information Technology and real estate.Recently many IT startups have got venture capital from Silicon Valley and running their businesses

‘Returned expatriates to be brought together’

Dhaka: Local Government, Rural Development and Co-operatives Minister Khandker Mosharraf Hossain said the returned expatriates would be brought together as they cannot adapt with the country’s socio-cultural situation after spending a long time in foreign lands.The minister was

Shrimp export to EU sans health certificate

DHAKA: Bangladesh will be able to export shrimp and other frozen foods to the European Union without separate health certificate.As the European Parliament has eased the rules of importing shrimps from Bangladesh at the beginning of this month, there is no barrier to entry the goods to

Bangladesh set to replace China as top cotton importer

DHAKA: Bangladesh will probably overtake China as the world’s biggest cotton importer in the current crop season, which lasts through July, according to data from the U.S. Department of Agriculture.As China’s economy has grown, it has become the largest importer of raw materials from

Online-based salary-pension system launched

DHAKA: Finance minister Abul Maal Abdul Muhith launched an online-based rating system for salary and pension.He inaugurated the system at finance ministry conference hall in city on Thursday (December 17).The minister said, “The conventional system of nearly 268 years has now been

Tripura’s test charging to supply power to Bangladesh held

AGARTALA: The Power Grid Corporation of India Ltd (PGCIL) completed a test charging in the transmission line in Agartala in a bid to kick start the smooth supply of power to Bangladesh on the latter’s historic Bijoy Dibosh (Victory Day).It was however unable to transmit the power toward

Stocks end week mixed

DHAKA: Country’s stock market closed mixed in share-price indices in post-holiday session on Thursday, the last trading day of the week.The broad index of Dhaka Stock Exchange, DSEX, rose over 6.90 point to stand at 4520.87 at the close of day’s trading.Trade deals stood at 82353 with

7% GDP growth projected

DHAKA: Bangladesh Bank (BB) governor Atiur Rahman said Bangladesh’s gross domestic product (GDP) is projected at 7 percent in the current fiscal year as investment is gearing up.He made the projection at concluding program of second batch of Basic Training Course 2015 arranged at

Russia to suspend Ukraine trade pact

DHAKA: Russia’s president Vladimir Putin has signed a decree that will exclude Ukraine from a free trade zone that includes former Soviet countries from 1 January.Ukraine plans to join an EU free trade zone from that date.Putin cited ‘extraordinary circumstances affecting the

Eurozone growth ‘slows’ in December

DHAKA: Growth in the eurozone economy slowed slightly in December from the previous month.New monthly figures suggest, reports the BBC.The Purchasing Managers’ Index (PMI) figure for December fell to 54, down from November’s figure of 54.2, according to Markit.Any figure above 50

UK unemployment rate nears 10-year law

DHAKA: The UK unemployment rate fell to the lowest for nearly 10 years at 5.2% in the three months to October.It was the lowest jobless rate since the three-month period to January 2006, according to the Office for National Statistics (ONS).The number of people out of work fell by 110,000

Asia investors cheer Federal Reserve move

DHAKA: Shares in Asia were all in positive territory on Thursday on news the US Federal Reserve had raised its rates for the first time since June 2006.The move takes the range of rates banks offer to lend to each other overnight to between 0.25% and 0.5%, reports the BBC.Australia's

DSE, CSE witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Thursday, the last trading day of the week.The key index of Dhaka Stock Exchange, DSEX, rose over 16.48 points to stand at 4530.45 at 12:13 pm.Trade deals stood at 29376 with transaction at Tk

8th pay scale gazette published

DHAKA: The gazette of 8th pay scale for civil servants has been published on Tuesday night. It was published in the website of the Finance Ministry. According to the gazette, Tk35,000 basic salary recipient government officers and employees will get 55 percent house rent while  more than