Wednesday, 19 Jan, 2022

Business

Keep price of essentials stable, Commerce Minister asks business community

DHAKA: Commerce Minister Faruk Khan Wednesday urged the businessmen to work together to keep prices of essentials stable, as he said there are enough commodities in stock and necessary imports in the pipeline. "Prices of essentials remained stable in the last 18 months, excepting sugar.

Govt. to import coal with over 1%

DHAKA: The government has decided to import coal having over one percent sulfur to meet the local demand.Necessary changes will be made in the ‘Import Policy Order-2009-2012’ through public notification, an inter-ministerial meeting decided Monday.BDST: 1825HRS. JULY 06, 2010

Benapole landport active after dayÔÇÖs work stopagge

BENAPOLE: The Benapole land port became active on Tuesday after a day’s of general strike or Band in India on Monday that halted the  trade.Benapole port is the largest land port between Bangladesh and India through which bulk of the export-import trades of the two countries takes

BD Welding to upload right share

DHAKA: The management of BD Welding, a listed company of the capital market, Monday decided to upload right share and increase its authorized capital.The authorities of the company announced the executive body’s decision on the website of Dhaka Stock Exchange.Sources said the decision

Hefty manpower eating up Biman! Tk 50cr lost last fiscal for surplus staff, auditors find out

DHAKA: The government exchequer counted a loss of around Tk 50 crore in operating the top-heavy national airlines, as auditors found out superfluous manpower crowding the aviation company.  Zakiul Islam, CEO of the national flag carrier, however, told banglanews24.com.bd that they have

IPO draw of Malek Spinning mills Tuesday

DHAKA: The draw of Initial Public Offerings (IPO) of Malek Spinning Mills will be held Tuesday at the Bangabandhu International Conference Centre. Investment Corporation of Bangladesh (ICB) asset management officer Niamul Hossain gave the schedule of the offloading of shares of the

Bad loan pushes banking sector to risks

23500 crore bad loans in 31 commercial banks Loan disbursed violating central bank’s instruction. Central bank’s “early warning” in the offing. DHAKA: The amount of bad loan in country’s commercial banks has reached in a risky point and this risk is multiplying

New fiscal sets out on rising stock indices, turnover

DHAKA: Country’s stock markets, driven by the banking and financial sector, saw an upturn in both indices and turnover Sunday to mark off the start of trading in the new fiscal year on a happy note.The general index of Dhaka Stock Exchange (DSE) increased though prices of more than 100

Dhaka Bank changes face value, market lot of shares

DHAKA: The management of Dhaka Bank, a listed company with the capital market, Sunday decided to push down the face value and up the market lot of its shares. Under another step, the banking company also decided to increase its authorized capital on the market.The decision came from the

Labour unrest in Adamjee EPZ over pay hike

NARAYANGANJ: Tension mounted in Adamjee Export Processing Zone (EPZ) area of Siddhirganj Sunday as the angry workers of a sweater factory assaulted two members of the staff over pay hike. Workers of Highline Sweater Factory went berserk in the morning over the issue of wage hike—a

Money for poor pocketed by rich: minister Latif

SIRAJGANJ: Fisheries and Livestock Minister Abdul Latif Biswas MP Saturday alleged that a pilot project has benefited the well-off ones instead of the poor and those who need the support most. He raised the allegation at a programme of the pilot project that has been designed to

Capital market losing foreign investment

DHAKA: Despite different facilities declared by the government to rope in foreign investors, country’s capital market does not see targeted inflow of investment nor are the capital gains from the foreigners’ current investments reinvested here.     The dilemma was divulged through

Government to increase CNG price: Finance Minister

DHAKA: Finance Minister Abul Mal Abdul Muhith Saturday strongly advocated for doubling the price of compressed natural gas (CNG) as he said the current rate is a fourth of the actual price.The minister’s opinion came while he was addressing the inaugural session of an investment

Foreign currency seized from Ctg airport

CHITTAGONG: Chittagong customs arrested a passenger of Oman airlines and seized foreign currency worth Tk 70 lakh at Shah Amanath International Airport on Friday.Acing on a tip off, customs officials said, they arrested Mohammad Ali as he was set to fly for Oman. He hailed from

Investment conf Saturday: power-energy sector on stake

DHAKA: The government is going to arrange an investment conference here Saturday for attracting local and foreign investors to the power and energy sectors that cry for huge funds with a promise for good returns. State Minister for Power Enamul Hoque told banglanews24.com.bd that

Finance Fest 2010 held at Dhaka University

DHAKA: Dhaka University Vice-chancellor Prof AAMS Arefin Siddique said unless the financial inequity is removed from society, the purpose of education would fail. He made the observation while speaking as chief guest at a programme titled ‘Finance Festival 2010’ arranged by the DU

AIMS fund trade resumes next Sunday

DHAKA: The hugely expected AIMS First Mutual Fund is going to resume its dealing Sunday, following a four-month halt at the dictate of the Securities and Exchange Commission (SEC), the stock-market regulator.  The trade of AIMS First Mutual Fund remained stopped since March 29 to June

Go online paying transport tax, fees

DHAKA: The government opts for collecting transport taxes and fees through online banking and the latest system is expected to increase the annual revenue earnings from this sector by Tk 150 crore.In the meantime, the communications ministry has chosen the Computer Network System Limited

Prospectus of Tk 166 crore, IPO of two companies approved

DHAKA:  Securities and Exchange Commission (SEC) has approved IPO of Tk 16 crore of Active Fine Chemicals Ltd. It has also approved Tk 150 crore prospectus of Green Delta Fast Mutual Fund (GDFMF), according to SEC member Md. Yasin Ali.AFCL will collect Tk 16 crore from Tk 10 face valued

Dhaka decides on transit to Nepal: Draft finalized

DHAKA: Bangladesh agreed in principle to allow transit facilities to landlocked Himalayan country Nepal, as the present government moves to turn the country’s seaports into a regional shipping hub. A draft agreement was finalized Thursday at a secretary-level meeting of the two