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16 May 2013   02:53:30 PM   Thursday
Business

Toyota beats Samsung to become Asia`s biggest firm

Toyota has accelerated past South Korea`s Samsung Electronics to become Asia`s biggest company by market value, after the Japanese automaker`s shares doubled in the past year.

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16 May 2013   02:42:40 PM   Thursday
Business

After Bangladesh, seeking new sources

Bennett Model helped pioneer the exporting of garments from China in 1975, the year before Mao Zedong died, and ever since, his New York fashion company has searched for other countries, from Guatemala to Vietnam to Indonesia, capable of supplying top retailers like Bergdorf Goodman and Neiman Marcus.

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16 May 2013   02:27:10 PM   Thursday
Business

Retailers pledge $60mln for safety

Twenty-five retailers including Hennes & Mauritz AB (HMB) and Inditex SA (ITX) pledged at least $60 million over five years to monitor safety in Bangladesh factories ahead of a midnight deadline to sign the accord after a building collapse that killed more than 1,100 people.

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16 May 2013   02:21:44 PM   Thursday
Business

ACC quizzes 2 engineers again

Anti-Corruption Commission (ACC) is quizzing two engineers of Bridge Bhaban on Wednesday morning on charge of corruption for their alleged involvement in much-talked-about Padma Bridge scam.

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16 May 2013   11:47:02 AM   Thursday
Business

Stocks witnessing gain

Trading on the country’s two bourses is underway showing gain in share-price indices on Thursday. The Dhaka Stock Exchange (DSE) general index rose over 29 points to stand at 3, 930 at 11:25 am on the last trading day of the week.

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15 May 2013   05:23:20 PM   Wednesday
Business

RFL ‘Best Buy’ outlet inaugurated at Lalbagh

‘RFL Best Buy’ outlet has been inaugurated at Lalbagh 59/1 Horonath Ghosh road Posta in the capital on Wednesday, said a press release.

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15 May 2013   01:05:03 PM   Wednesday
Business

French economy falls into recession

The French economy has entered recession after shrinking by 0.2% in the first quarter of the year.

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15 May 2013   12:27:25 PM   Wednesday
Business

Alert-3 issued at Ctg port

The authority of Chittagong Port declared security alert ‘three’ lowering alert two after the ports including of Cox’s Bazar had been advised to hoist danger signal number ‘seven’.

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15 May 2013   10:24:25 AM   Wednesday
Business

In Bangladesh rubble, the prices of profit

Order dockets found in the rubble of a Dhaka garment factory where over 1,127 workers died show just why it pays foreign stores to buy from Bangladesh - clothes made for as little as a tenth of what they sell for in the West.

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15 May 2013   10:14:03 AM   Wednesday
Business

Walmart checks 279 RMG factories in BD

Wal-Mart, the world’s biggest retailer, has not signed the fire and building safety agreement with some of European biggest apparel brands.

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15 May 2013   07:34:51 AM   Wednesday
Business

6 retailers join factory pact

Six major retailers, including Carrefour, Marks & Spencer and El Corte Inglés, announced on Tuesday that they would participate in a landmark plan to improve fire and building safety in Bangladesh.

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14 May 2013   02:42:02 PM   Tuesday
Business

JS budget session begins June 3

The budget session of the ninth parliament will begin on June 3. Earlier, President Abdul Hamid Advocate under section 72(1) of the Constitution called the session on Monday night.

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14 May 2013   11:14:50 AM   Tuesday
Business

Stocks witnessing gain

Trading on the country’s two bourses is underway showing gain in share-price indices on Tuesday.

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13 May 2013   09:00:12 PM   Monday
Business

BGMEA shuts all Ashulia garments

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) decided to shut down all garment factories for indefinite period in Ashulia area from Tuesday.

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13 May 2013   08:30:30 PM   Monday
Business

Iran to build 6 oil refineries in Africa

Iran will establish six oil refineries in Africa, the chairman of the union of Iranian exporters of oil derivatives announced.

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12 May 2013   07:22:42 PM   Sunday
Business

United air plans to operate additional flight

United Airways (BD) Limited, a private airline of the country, has planned to operate additional flights in domestic and regional routes.

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12 May 2013   04:20:08 PM   Sunday
Business

943 RMG factories risky: GM Quader

Commerce Minister GM Quader on Sunday categorically said some 943 readymade garment factories of the country are full of flaw.

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12 May 2013   11:34:01 AM   Sunday
Business

Stocks witnessing gain

Trading on the country’s two bourses is underway showing gain in share-price indices on Sunday.

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11 May 2013   09:02:44 PM   Saturday
Business

Banglalink sponsors Robindro Joyonti progs

Banglalink sponsored the Robindro Jonmo Joyonti-1420 in Dhaka and Kushtia which continued from May 8-10.

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11 May 2013   12:30:35 PM   Saturday
Business

BD pay hike would cost shoppers only pennies

Doubling the pay of Bangladesh`s hard-pressed garment workers would add just a few pennies to the cost of a t-shirt, U.K. unions said Friday.

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10 May 2013   03:00:23 PM   Friday
Business

BD faces Moody`s, apparel body ire

After the recent incidents of fire at and collapse of factory buildings in the garment exporters` hub of Bangladesh, the country and its garment units, are facing the ire of international business communities

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10 May 2013   11:11:28 AM   Friday
Business

Petition demands Gap, H&M sign BD safety plan

A petition supported by more than 828,000 people called on Gap Inc. (GPS) and Hennes & Mauritz AB (HMB) to agree to new fire and safety standards at their suppliers after a fire killed hundreds at a Bangladeshi clothing factory.

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09 May 2013   06:19:18 PM   Thursday
Business

Iran routes oil via Indonesia to keep up exports

Iran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western sanctions, according to shipping data and industry sources.

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09 May 2013   05:25:07 PM   Thursday
Business

6000 new taxi cabs in city soon

A total of 6000 new eco-friendly taxi cabs will be introduced in the public transport sector of the capital. Communications Minister Obaidul Quader made the disclosure in view exchange meeting with officers held at head office of Bangladesh Road Transport Authority (BRTA) on Thursday.

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