The key index of the Dhaka Stock Exchange rose over 21 points to stand at over 4,160 points at close of Thursday’s trading. This comes after two days of slide in the New Year. Shares and mutual funds worth over…
Category: Business
Central bank afraid of politically approved banks!
DHAKA: The Bangladesh Bank (BB) authorities will not take strict action against the authorities of newly approved seven banks in spite of having their serious mistakes and negligence in filling up final proposal letters to the central bank accurately.
Nine companies apply for IPO
DHAKA: Some nine new companies applied to the Dhaka Stock Exchange (DSE) for collecting fund through IPO (Initial Public Offer) in a bid to assemble Tk 10,000 million, DSE sources said.
Stocks hit 6 months’ low
Dhaka – The Dhaka Stock Exchange (DSE) lost 51 points on its key index, falling for the second successive day into the New Year, to hit a six month low on Wednesday.
REHAB fair begains today
Real Estate Association of Bangladesh (REHAB) fair 2013 will kick off on Wednesday. A total of 226 organizations are expected to participate in the fair. Earlier in a press conference on Friday Leaders of the epic body of country’s housing…
ITF opens. BNP govt destroyed jute industry: Hasina
Bangladesh’s jute has lost out on the international market after an agreement with the World Bank during the BNP regime led to the closure of the jute mills, Prime Minister Sheikh Hasina alleged while inaugurating the Dhaka International Trade Fair…
Tazreen fire probe finds sabotage
banglanews24.com The inquiry committee formed by the home ministry made five final and 16 general recommendations, including punishment of Tazreen’s owner Delwar Hossain. Convener of the investigation committee Mainuddin Khandaker Monday submitted the probe report to the home ministry. Mainuddin…
Khaleda wants businesses to break silence
bdnews24.com The leader of the opposition Begum Khaleda Zia on Thursday responded to the call of the businesses to shun shutdowns by asking them to join the anti-government movement instead. The BNP Chairperson said this at the closing ceremony of…
High US tariff blamed for poor garment safety
Agency An opinion article in the New York Times has blamed the poor safety conditions in Bangladesh garment factories to high American import duties that forces contractors to “scrimp on labour standards to stay competitive”.
Bridge fund on fair probe: WB, Muhith surprised
Agency The WB Dhaka office on Saturday issued a statement saying the bank will proceed with support for the Padma Bridge only if the Anti-corruption Commission (ACC) launches a full and fair investigation based on evidence of corruption under the…
Dhaka connect with Tata, Airtel terrestrial cable
Dhaka, Agency – Bangladesh has been linked to the international telecommunication network through terrestrial cable. International Terrestrial Cable (ITC) operator NovoCom announced the launching of the service at Ruposhi Bangla Hotel on Saturday, December 8.
‘Please panel for Padma fund’
A South Asia Director of Japan International Cooperation Agency (JICA) on Monday said the World Bank’s return to Padma bridge project depended on its external panel’s ‘satisfaction’. “If the external panel is not satisfied, the World Bank will not be…
‘Abul Hasan recommended, not me’
Former Communications Minister Syed Abul Hossain has admitted of receiving recommendation from former State Minister for Foreign Affairs Abul Hasan Chowdhury to appoint Canadian firm SNC Lavalin as Padma bridge project consultant. But he claimed that he did not put…
Japan pledges $2.1 bln for metro rail
Japan has made about $ 2.1 billion aid commitment for the Mass Rapid Transit Development (MRT) project aimed at easing the Dhaka’s nagging traffic gridlock. “The total cost of the project is $2.7 billion and Japan will provide us $2.1…
Mobilising business community for sustainable prosperity
Worldwatch Institute : Washington, D.C.-Transnational corporations are now so numerous and in some cases so well capitalized that their global influence now rivals and in many cases exceeds that of governments, according to research published by the Worldwatch Institute. Around…
Deeper into the electric vehicle business
David A Gabel, ENN : GM is already the maker of the Chevrolet Volt, the first wide-selling domestic plug-in hybrid electric vehicle to hit the market. With new CAFE standards put in place by the US Government, and with growing…
Devastating garment fire: Poor governance, CSR to blame
Mostafa Kamal Majumder : The death of yet another 112 workers in Saturday’s devastating fire at the Tazreen factory in Ashulia, Savar, has brought to the fore safety and security of three million garment workers – most of them women…