After two days of positive trend, the country’s twin bourses ended the week in red on Thursday with political situation suddenly getting gloomy from earlier signs of possible compromise.
Category: Business
Disruption in RMG transportation to go in 2-3 weeks: Minister
Expatriates’ Welfare Minister Khandker Mosharraf Hossain on Thursday said the disruption in transportation of readymade garment (RMG) exports caused by ‘violent programmes’ by the opposition is likely to end in two-three weeks’ time.
DCCI signs MoU with IDEB to promote new entrepreneurs
Dhaka Chamber of Commerce and Industry (DCCI) on Thursday signed a memorandum of understanding (MoU) with the Institution of Diploma Engineers, Bangladesh (IDEB) to promote DCCI’s project of creating 2,000 new entrepreneurs.
Sonali Scam: ACC grills 6 bank officials
The Anti Corruption Commission (ACC) on Thursday interrogated six officials of Sonali Bank in connection with the much-talked-about Sonali Bank loan scam. A seven-member investigation team, led by its deputy director Mir Zainul Abedin Shibly, interrogated them at the Commission…
Sonali Scam: ACC grills 7 bank officials
The Anti Corruption Commission (ACC) on Wednesday interrogated seven officials of Sonali Bank in connection with the much-talked-about Sonali Bank loan scam. A seven-member investigation team, led by its deputy director Mir Zainul Abedin Shibly, interrogated them at the Commission…
Poultry industry suffers Tk 40bn loss in last 3 months
Country’s poultry industry has suffered a loss of more than Tk 4,000 crore in the last three months due to political instability, said industry leaders said Wednesday. “One kg broiler is sold at Tk 70-80 at farm level due to…
RMG exporters demand special incentives
Dhaka – Referring to recent decline in readymade garment (RMG) export due to recent political unrest, leaders of the sector and its backward linkages on Tuesday demanded special incentives like special P.C or Baisalam, term loans without interest and halting…
Trade team led by Mozena meets Hong Kong businessmen
A business delegation led by US Ambassador in Dhaka Dan W Mozena attended a luncheon meeting hosted by Bangladesh Consulate in Sheraton Hong Kong Hotels and Towers in Hong Kong on Monday.
Rangpur city will have modern road network
Mayor of Rangpur City Corporation (RCC) Alhaj Sharfuddin Ahmed Jhantu has said the city of Rangpur will have modern and eco-friendly road communication networks to become free form traffic-jams.
Withdrawal of export subsidy on cotton may affect RMG: CPD
If the subsidy for cotton export is withdrawn as per the decision of the WTO Ministerial Conference recently held in Bali, the readymade garment (RMG) sector in Bangladesh may face a hurdle, says Centre for Policy Dialogue (CPD), a civil…
River container service starts
River transportation of goods containers has commercially begun for the first time in Bangladesh. MV Pangaon Success left Chittagong port for the Pangaon Inland Container Terminal at Dhaka’s Keraniganj around Monday noon, Chittagong Port Authority’s Secretary Syed Farhad Uddin told…
Farmers show interest to vegetable farming for more profitable
Farmers of the region including the vast Barind tract are showing much interest in vegetable farming, as it is being more profitable than any other crops.
Standard Group to receive US$ 25mn from BB
Dhaka – Bangladesh Bank will provide US$ 25 million to Standard Group as loan assistance to recover the losses in recent arson attacks on the group’s readymade garment (RMG) factory at Gazipur industrial belt.
Aman rice procurement drive begins in Gaibandha
Aman rice procurement drive of 2013-2014 season began in the district on Friday amid much enthusiasm to the millers.
Islami Bank distributes relief among flood victims
Dhaka – Islami Bank Bangladesh Ltd (IBBL) Bogra zone has recently distributed relief materials among flood affected people of Dhunat area.
Garment makers demand special law against destructive acts
Considering the recent arson attack on Standard Group an attack on the country’s RMG’s success story, apparel makers now seek a special law against such destructive acts to ensure exemplary punishment of perpetrators in a tribunal. “A special law against…
Garment makers to form human chain Saturday
Dhaka – Upset over the mindless violence across the country, apparel manufacturers have decided to form a human chain on Saturday in front of the BGMEA complex in the city, aiming to send out a strong message to the politicians…
5 commercial banks to collect online fees for MRP, MRV
Dhaka-To deliver hassle-free and quick service to the applicants of Machine Readable Passport (MRP) and Machine Readable Visa (MRV), the Government, for the first time, permitted five private commercial banks to collect fees through their online network.
DSE, CSE end week in red
Dhaka – Share price index at the country’s both bourses – Dhaka Stock Exchange (DSE) and Chittatgong Stock Exchange – ended the week in red as downturn continued for the second consecutive session on Thursday.
EU GSP threat looms large
Bangladesh runs the risk of losing its Generalised System of Preferences (GSP) facilities in the European Union (EU) if it fails to fulfil key EU conditions – trade union rights for workers and greater safety in workplace – within a…
Train derails in Khulna as fishplates removed: 10 hurt
At least ten passengers of a train were injured as its five bogies along with the engine veered off the tracks due to removal of fishplates by blockaders in Jugnipasa area in Phultala upazila early Wednesday.
Bangladesh up a few notches in corruption index
Bangladesh has ended up eight points up in the Corruption Perception Index released by the Transparency International.
Dhaka-Chittagong rail service resumes
Chittagong’s railway link with Dhaka has been restored 22 hours after an inter-city train derailed in Comilla after suspected Opposition blockade campaigners sabotaged the tracks.
Sonali Bank loan scam accused skip grilling
Top officials of five business houses, accused in the much-talked-about Sonali Bank loan scam cases, on Monday failed to turn up at the Anti Corruption Commission (ACC) head office to face their scheduled grilling.
RSM sets to produce sugar from Dec 13
Rangpur Sugar Mills Limited (RSML), a state owned enterprise, is going to start sugar production from December 13.
FBCCI for participatory polls
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Sunday called on the chiefs of the two major political parties to make sure that the upcoming national election is participated by all the parties and accepted by all…
Businesses seek security; urge violence stoppage
Top business leaders on Sunday sent out a strong message for two top leaders — Prime Minister Sheikh Hasina and BNP Chairperson Khaleda Zia — and urged them to stop violence immediately giving space for smooth functioning of the country’s…
Hi-powered committee formed to probe Standard Group attack
The government on Sunday formed a high-powered committee to investigate the recent arson attack at Standard Group, a leading apparel factory, in Gazipur.
BGMEA demands probe into Standard Group factory fire
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Saturday demanded judicial probe into the arson attack on a readymade garment (RMG) factory of Standard Group at Konabari in Gazipur industrial belt.
IBBL Board meeting held
Dhaka – A meeting of the board of directors of Islami Bank Bangladesh Ltd (IBBL) was held on Saturday.