Share prices fell further at the country’s twin stock exchanges due to increasing sell pressure from investors who were either booking profit or repositioning ahead of December closure.Dhaka Stock Exchange (DSE) saw 189 securities closing lower while 84 gaining marginally…
Category: Business
Pay Tk 2500 cr to secure bail, SC to 2 Destiny bosses
The Appellate Division of the Supreme Court (SC) on Sunday asked two high officials of Destiny Group to deposit Tk 2,500 crore to the government treasury within six months to get bail in two money-laundering cases.The two Destiny officials are…
Dhaka gets $15 million recovered heist money from Manila
Dhaka – Nearly 10 months after losing $101 million in a high-profile heist, Bangladesh on Saturday recouped $15.25 million of the stolen money from authorities in the Philippines, where most of the money ended up.
IT training launched for cyber security in banking sector
Thengamara Mohila Sabuj Sangha (TMSS), a non-government organization, has launched IT training for officials of both public and private banks to strengthen cyber security in banking and financial sector. Strengthening cyber security in the banking sector is a must, especially…
Exhibition on winter, bridal shopping opens in Capital Dhaka
Dhaka – The 8th edition of Bangladesh Fashion Carnival 2016 along with Bangladesh Wedding Carnival 2016 has started on 10th November 2016 at Gulshan-1’s Emmanuelle’s Banquet Hall.
Tk 320bn for Chittagong-Dhaka-Ashuganj shipping project
Dhaka – The Executive Committee of the National Economic Council (Ecnec) on Thursday approved the ‘Bangladesh Regional Domestic Shipping Transport Project-1 with an outlay of Tk 3,20 billion, aiming to ensure safe journeys of passengers and goods transportation through Chittagong-Dhaka-Ashuganj…
Inflation slightly rises to 5.57 pc in Oct
The inflation rate in the country increased slightly to 5.57 percent in October, up from 5.53 percent in September fueled by the uptrend in food inflation.”The general point-to-point inflation rate increased slightly to 5.57 percentage point in October,” said Planning…
Dubai opens canal in fresh boost for tourism, commerce
Dubai inaugurated a new canal Wednesday after a three-year construction project costing $735 million, in a fresh boost for tourism and commerce in the booming Gulf city state. The Dubai Water Canal creates a 6.4-kilometre (four-mile) waterfront in the area…
IBBL- icddr,b sign MoU for nutrition and fellowship programs
Islami Bank Bangladesh Limited and The International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b) signed Memorandum of Understanding (MoU) for contribution to the formation of Islami Bank Bangladesh Nutrition Unit and Islami, Bank Bangladesh Young Research Fellows Programme in icddr,b.…
Stocks down further as major sectors dip
Stocks finished on Wednesday down trend further after previous two consecutive days upward trend as major sectors closing the session with falling trend at both the Dhaka and Chittagong Stock exchanges.Among the falling major sectors were pharmaceutical and chemical, engineering…
Asian shares tumble as Trump gains
Hong Kong (AP/UNB): The latest on developments in financial markets (All times local): 10:30 a.m. Share benchmarks are tumbling across Asia after Donald Trump gained the lead in electoral votes, with 123 to Hillary Clinton’s 97 as of 9 p.m.…
Bangladesh’s once thriving tourism sector fighting for survival
-By Raquib Siddiqi Dhaka – The tourism in Bangladesh, which, hitherto failed to get appropriate government support, yet moved ahead and stayed alive, is fighting for its survival, being engulfed in crisis, due to negative image. Action to manage the…
Tk 1lakh support for airport knife attack victim Ansar’s family
Dhaka – Civil Aviation and Tourism Minister Rashed Khan Menon announced that the Civil Aviation Authority, Bangladesh (CAAB) will offer Tk one lakh (one hundred thousand Taka) financial assistance to the family members of the Ansar member, who was killed…
India pulls Rs 500 and 1,000 currency notes out of circulation
Dhaka – Currency notes of Rs 500 and Rs 1000 denominations will not be legal tender beginning November 9. This was announced by Prime Minister Narendra Modi in a special address to the nation on Tuesday evening.
BAU Journalists explore Sajek Valley, Rangamati
Md. Musfiqur Rahman Sifat, BAU Correspondent Mymensingh – The Bangladesh Agricultural University Journalists’ Association (BAUJA), the first university journalist association of Bangladesh held a two-day annual tour to Sajek valley in Rangamati hill district. I am a member of the…
BTRC reopens spectrum of Citycell
Dhaka –The Bangladesh Telecommunication and Regulatory Commission (BTRC) reopened the spectrum of private telecom operator Citycell on Sunday evening following a Supreme Court directive. BTRC chairman Dr Shahjahan Mahmood told UNB that a BTRC team went to the Citycell office…
No partner for Biman’s ground handling this year
Dhaka – There is no possibility of Biman Bangladesh Airlines taking any partner for its much-talked-about ground handling activities by this year for improving the quality of the job at the country’s all airports. “The work in this regard is…
BD capital market base, stability established: Finance Minister
Dhaka – Finance Minister AMA Muhith said that stability and base has already been established in the capital market, which is a positive sign to escalate the market forward. The minister said this at a programme- ‘Seminar on Bangladesh capital…
LEATHERTECH Bangladesh-2016 kicks off
Press Release 4 th edition of LEATHERTECH Bangladesh-2016 kicks off Govt. sets goal $5b in 2021 from leather industry: Commerce Minister Dhaka, November 03 2016: The government has set a goal to export five billion US dollars from the leather…
Only AL govt paid attention to capital markets: Muhith
Dhaka: Finance Minister AMA Muhith on Wednesday claimed that the Awami League-led government is the only one to have paid attention to the country’s stock market. “None but the Awami League paid attention to the country’s capital market. But unfortunately…
Stock markets – DSE, CSE end higher on Wednesday
Dhaka – Share prices at the country’s both bourses– Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — ended high on Wednesday.
Islami Bank provides computers to DU Management Deptt.
Dhaka – Islami Bank Bangladesh Limites, as a part of CSR activities, provided 20 computers to the Department of Management, University of Dhaka. Mohammad Abdul Mannan, Managing Director & CEO of the Bank handed over the computers to Prof Ali…
Manila court clears suit to send back $15.25m heist money
A Manila court has cleared the ‘execution suit’ outlining the procedures for sending back $15.25 million of Bangladesh Bank’s reserve heist money from the Philippines.”The ‘execution suit’ has outlined the whole procedure for sending back the money from Manila,” Bangladesh…
Airport affairs!
Recently I went abroad. I found the departure lounge of Hazrat Shahjalal International Airport, Dhaka neat and clean sans mosquitoes. But to my surprise I spotted two cats rambling, one even seen sitting on passenger’s couch in the waiting area.…
Drone halts traffic at Dubai airport
A drone forced Dubai international airport, one of the world’s busiest, to halt air traffic for an hour and a half Saturday evening, the third such incident in less than five months.Air space around the airport was closed from 7:25…
England’s oldest hotel collapses in blaze
A hotel has been destroyed by a huge fire that continues to burn after more than 24 hours. The front of the Royal Clarence, described as England’s oldest hotel, has partially fallen away due to the blaze in Exeter, Devon.…
CNG filling station owners withdraw strike
Dhaka: Bangladesh CNG Filling Station and Conversion Workshop Owners’ Association has called off their strike scheduled for Sunday following assurance from the authorities concerned that their demands will be met. UNB News Agency Reported.
The deal to create world’s largest marine park in Antarctica
By David Gilbert An “unprecedented level of international cooperation” has finally led to the creation of the world’s largest marine park, in the Southern Ocean in Antarctica. The initiative designed to help protect one of the most pristine areas of…
China sees $42bn investment prospect in Bangladesh
Golam Moin Uddin & AKM Moinuddin Dhaka – Getting engaged very closely with Bangladesh, China sees an investment potential of around US$ 42 billion in the coming years though it is likely to come up with some $25 billion for…
PM slams environmentalists’ silence on Ghoshiakhali channel
Prime Minister Sheikh Hasina today came down heavily on the country’s environmentalists for their silence about the crucial Mongla-Ghoshiakhali River Channel that was inoperative for long 21 years.The premier said the channel remained inoperative for long 21 years after 1975…