Wednesday, 05 Mar, 2025

Business

Trading resumes at DSE

DHAKA: Trading at the Dhaka Stock Exchange (DSE) resumed after one hour and 39 minutes of suspension due to technical glitches on Wednesday.The DSE authorities decided to continue the Wednesday’s trading till 4:10 pm due to the disruption.Share transactions that usually take place

India sues Nestle over Maggi noodles

DHAKA: India is suing Nestle for $100m over ‘unfair trade practices’, an official has confirmed to the BBC.The complaint against Nestle is that it caused damage to consumers through misleading advertisements related to its Maggi noodles product.Maggi was banned in India after the food

Greek bailout deal agreed ‘in principle’

DHAKA: Greece has agreed a bailout deal ‘in principle’ with its creditors, the European Commission has said.The Commission said a technical agreement had been reached with Greece, which now requires political approval.Earlier, Greece’s finance minister Euclid Tsakalotos had said

Berger paints architecture contest begins

DHAKA:  The 7th Berger Award for Excellence in Architecture competition has begun through a press conference at Gulshan Club in city on Monday.Berger Paint Bangladesh Limited (BPBL) and Institute of Architects (IAB) jointly arranged the conference where BPBL senior general manager

8-storey cruise ship to set sail in Bangladesh

DHAKA: Bringing the European standard facilities with restaurant, children corner, spa and gymnasium, Bangladeshi company Afroza Shipping Line will introduce an 8-storey cruise ship soon.Moreover, Thai company Siam Group will provide service to the tourists of the ship.Afroza Shipping

Germany gained €100bn from Greek crisis

DHAKA: The Greek debt crisis has saved the German government some €100bn in lower borrowing costs because investors have sought safety in German bonds, a study has found.Even if Greece defaults on all its debt, Germany would still benefit, says the German IWH institute, reports the

Greece ‘close to securing new bailout agreement’

DHAKA: Greece is near to securing a new bailout agreement, possibly within the day, Euclid Tsakalotos, Greek finance minister has said, according to the media.Tsakalotos told reporters on Tuesday that discussions have ‘moved very far forward’ and that ‘two or three details

China devalues yuan to 3-year low

DHAKA: China’s central bank has devalued the national currency, the yuan, to its lowest rate against the US dollar in almost three years.The lender said the move was a ‘one-off depreciation’ of 1.9% in a move to make the exchange rate more market-oriented.It comes in the wake of a

Oxfam income rises

DHAKA: Oxfam’s annual income has risen to £401.4m, up £12m, despite the charity seeing a fall in money from its shops.The 3% rise in total income in the year to 31 March included £100.8m from public fundraising, which rose 2.5%, according to Oxfam’s annual report, says the BBC.But

3 flights to Canada in week

DHAKA: Bangladesh government is going to sign a treaty with Canada to increase air communication between the two countries.Bangladesh cabinet on Monday approved the draft of the agreement at the cabinet meeting at secretariat in city on Monday with Prime Minister Sheikh Hasina in the

Stocks start week negative

DHAKA: Investors witnessed fall in benchmark indices of the country’s bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Sunday, the first trading day of the week.DSEX, the Broad Index of DSE, shed over 20.09 points only to stand at 4844.35 at the close of

Stocks see early hrs’ fall

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- slipped in early hours of trading on Sunday, the first trading day of the week.     DSEX, the prime index of the DSE, went down by 14.48 points or 0.29 per

US exports to Iran up 60% in H1

DHAKA: The US exported over $140.5 million worth of products to Iran during the first half of 2015, a 60 percent rise from $88 million in the same period of time in 2014.The latest report released by the US Commerce Department says, Tehran Times publishes this report on Saturday.The US

Government moving towards e-tendering

DHAKA: AS per directives of Prime Minister Sheikh Hasina all government tenders are set to be published on online.The directions, which the premier made at the second meeting of Bangladesh Task Force at the PMO, will be implemented by next six months.Bangladesh Association of Software and

Maggi fails test again

DHAKA: Five more samples of instant snack Maggi have failed tests at a laboratory in Lucknow in India as they contained lead content beyond the permissible limit.An official said on Saturday, reports firstpost.com.The lead content in these samples, picked from neighboring Barabanki, were

‘Transit’ country’s first ‘unanimous’ decision

DHAKA: Terming Bangladesh a ‘transit’ nation, Finance minister Abul Maal Abdul Muhith said that it was the country’s first ‘unanimous’ decision.The minister made this assertion at ‘India-Bangladesh Business Carnival’, organized by Federation of Bangladesh Chamber of Commerce

Organizer expects thousand turnout

FROM CHITTAGONG:  Bangladesh Denim Expo means visit of a good number of apparel entrepreneurs, businessmen, fashion professionals and stakeholders of the industry from Europe, US, UK and several Asian countries.Organizer expects thousand jeans and denim related companies will participate

‘Real Times’ monopolizing the man power export

DHAKA: A Malaysian IT firm ‘Real Times’ is going to monopolize the manpower export business to Malaysia from Bangladesh.The market of 1.5 million Bangladeshi workers as announced by Malaysian Deputy Prime Minister Zahid Hamid will be controlled by this ‘Real Times’ with whom the

Tejgaon juice factory sealed, fined: 3 held

DHAKA: A mobile court raided ‘Qader Food Product’ in Tejgaon rail gate area in city and fined its owner Tk 150,000 for producing juice in an unhealthy environment.The team sealed the factory as it had no BSTI approval, and damaged 75,000 packets of juice. They also detained three

Nepal’s 1st trade deficit with Bangladesh in 10-yr

DHAKA: For the first time in 10 years, Nepal recorded a trade deficit with Bangladesh in 2014-15, thanks to a fall in the export of lentils.Nepal had been enjoying a surplus in trade with Bangladesh since 2004-05, reports ekantipur.com.According to Nepal Transit and Warehousing Company,