Thursday, 06 Mar, 2025

Business

2-day denim expo in city from Nov 11

DHAKA: A two-day ‘Bangladesh Denim Expo’, to draw the attention of international denim producers and purchasers, will begin in city on November 11.As many as 50 companies from the USA, the UK, Canada, Germany, France, Italy, the Netherlands, Mexico, Spain, Turkey, Hong Kong, Brazil,

Bangladesh, S Africa held foreign secy-level talks

DHAKA: The third round of bilateral consultations between Bangladesh and South Africa was held Wednesday morning at the foreign ministry in city, says a press release, issued by External Publicity Wing of the ministry.It said the additional foreign secretary ambassador Mizanur Rahman led

A day at Chevron’s Bibiyana Gas Plant

BACK FROM BIBIYANA (HABIGANJ) GAS PLANT: I was climbing up the stairs when suddenly I heard somebody says, ‘‘Please use the hand rails when climbing the stairs’’.I was slightly taken aback by that peculiar request which I thought was meant for elderly people. But then, I saw a few

NCT goes into operation from Oct 1

CHITTAGONG: After eight years of its construction in 2007, much talked about New Mooring Container Terminal (NCT) of Chittagong Port is going to be operational from October 1.Chittagong Port Authority (CPA) Chairman Rear Admiral Nizamuddin Ahmed Wednesday noon said operation will be

Stocks witness gain Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday, the fourth trading day of the week.DSEX, the broad index of Dhaka Stock Exchange, rose over 7.70 points to stand at 4816.97 at the close of day’s trading. Trade deals stood at 128836 with

Tannery industries to be shifted in July next

DHAKA: Shipping Minister Shahjahan Khan said that the government mulls to give more time to owners of tannery to shift their factories to Savar.“Tannery industries to be shifted in July next instead of December this year,” the minister said this after coming out of the 29th meeting of

Market showing mixed

DHAKA: Trading on the country’s two bourses --Dhaka Stock Exchange (DSE) and Chittagong Stocks Exchange (CSE) -- is underway showing mixed trend in share-price indices on Wednesday.DSEX, the Broad Index of DSE, rose over 5.30 points to stand at 4803.96 at 1:40pm.Trade deals stood at

DSE, CSE up at opening

DHAKA: Share price indices at the country’s both bourses witnessed upward trend in early hours of trading on Wednesday, the fourth trading day of the week.     DSEX, the Broad Index of the Dhaka Stock Exchange, gained by 22.88 points or 0.47 per cent to 4832.15 after the first

ECNEC nods 6-project worth Tk 3,961-cr

DHAKA: The Executive Committee of National Economic Council (ECNEC) gave approval to six projects worth Tk 3,961.94-crore on Tuesday.The projects, including construction of rail track from Kalukhali to Tungipara, were approved in a meeting held at NEC Conference Room in city’s

Forex reserve crosses $26-bln

DHAKA: Foreign Exchange reserve in Bangladesh Bank (BB) on Monday crossed US $26-billion.Country’s central bank said that the reserve of foreign exchange is around $26.03 billion for the positive trend of remittances and controlling unnecessary imports.Earlier on June 25, the reserve

China blasts affect car production

DHAKA: Toyota and John Deere have said they will halt work at plants near China’s port of Tianjin where huge explosions last week killed more than 100 people.Toyota’s production lines will be closed until the end of Wednesday while John Deere suspended work indefinitely.Renault also

Airbus signs off record IndiGo deal

DHAKA: Airbus has finalized a deal with Indian budget airline IndiGo to sell 250 A320neo aircraft.The agreement is Airbus’ single largest order by number of aircraft, a spokesman for the firm said, reports the BBC.The deal is worth a $26.5bn at list prices, although airlines typically

‘New customs law will be business-friendly’

DHAKA: Finance minister Abul Maal Abdul Muhith commented that the new customs law will be pro-technology and business-friendly.‘It will be a modern law for economic sector,’ he added.The minister made the comments at the inaugural session of a workshop on new customs law at a city

Stocks end lower Monday

DHAKA: Country's stock market marked fall again in its price indices on Monday, the second trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, shed over 15.79 points only to stand at 4768.01 at the close of day’s trading.  Trade deals stood at 138005 with volume of

Japan hit by weaker economic growth

DHAKA: Japan's economy shrank in the second quarter of the year, marking a setback for the government's reform policy.Between April and June, economic growth contracted by 0.4% compared with the first three months of the year, reports BBC.Lagging exports and sluggish consumer spending

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 Monday.DSEX, the Broad Index of DSE, shed over 16.44 points to stand at 4767.36  at 2:07pm.Trade deals stood at

Training for 160 labor inspectors

DHAKA: A comprehensive labor inspection training program was launched on Sunday to see 160 labor inspectors gain the skills needed to boost working conditions and worker safety in Bangladesh.The 40-day course entitled ‘Foundational Training for Labour Inspection Officials’ has been

WB to provide Tk 16,000-cr

DHAKA: The World Bank will provide Tk 16,000-crore as loan and donation for 11 projects in 2015-16 fiscal year.An agreement signing ceremony is scheduled to be held at NEC Conference Room in city’s Sher-e-Bangla Nagar area on Wednesday.Economic Relations Division (ERD) senior secretary

HSBC whistleblower jailed in absentia

DHAKA: A Swiss court has convicted a former HSBC worker of economic espionage and sentenced him to five years in jail.Herve Falciani was on trial for leaking bank data that led to tax evasion probes worldwide against prominent clients with accounts in Switzerland.Falciani did not attend

Eurozone inflation revised up to 0.1% in Oct

DHAKA: Inflation in the eurozone has been revised up to 0.1% in October by the EU’s statistics agency, Eurostat.Prices grew in vegetables, restaurants and fruit in October, while fuel prices were considerably lower than last year.It had previously given a flash estimate of a zero rate