Friday, 12 Aug, 2022

Business

Few people are beneficiaries of our economy: Dr Kholiquzzaman

DHAKA: Eminent economist Dr Quazi Kholiquzzaman Ahmad Monday opined that the common people of the country are not the beneficiaries of the economic growth though the economy is advancing rapidly.       "A few people of the country are enjoying all the gains," he said, underlining

SEC asks companies to adjust loan by Sep 30

DHAKA: The Securities and Exchange Commission ordered all the listed companies on the stock market to adjust their margin loans based on market value and Net Asset Value (NAV) by September 30.The decision came from a meeting of SEC’s market-review committee with Dhaka and Chittagong

Income tax pay online begins Sunday

DHAKA: Finance Minister Abul Mal Abdul Muhith paid first as the country’s complicated old system of income-tax payment went online Sunday, in a major step forward in digitizing Bangladesh.     The National Board of Revenue began collecting income-tax returns online. To begin with,

WMS to build first-ever dredger ship

CHITTAGONG: Western Marine Shipyard (WMS), one of the leading shipbuilding companies in the country, is going to be the trailblazer in making international-standard dredger ship at home.A joint-venture company named ‘IHC-Western Shipyard’ was established for this engineering marvel

Average share transaction on DSE falls by Tk 324 crore past week

DHAKA: Dhaka Stock Exchange (DSE) saw a fall in transactions by Tk 324 crore on average this past week amid a jittery reaction to market regulator’s directive over margin-loan ratio.A total of Tk 5,681.97 crore worth of shares were traded on DSE from August 29 to September 2, with

Rubaba Dowla now WaridÔÇÖs new customer service chief

DHAKA: Rubaba Dowla has joined Warid Telecom as Chief Customer Service Officer, with her vast experience in the field of mobile-phone marketing. After joining the UAE-based company Thursday, she told reporters that she took much pleasure in taking up a job again in a mobile-phone

Tourism Ministry warns Biman Chairman again

DHAKA: Civil Aviation and Tourism Ministry Thursday warned the Chairman of Biman Bangladesh Airlines Limited Air Marshal (retd) Jamal Uddin Ahmed for a second time within 15 days, as the tug-of-war in national flag carrier continued.The ministry issued a letter signed by Joint-Secretary

Milk Vita cooperators strike withdrawn

SIRAGAMNJ: The dairy farmers’ cooperatives of Baghabari called off their indefinite strike on positive assurances of fulfilling their demands that include removal of the general manager of Milk Vita.They withdrew the strike as Deputy Commissioner Md Aminul Islam conveyed a message from

Ashuganj fertilizer factory begins production

ASHUGANJ: Ashuganj Fertilizer and Chemical Company Limited (AFCCL) on Thursday morning resumed production of urea after five days’ suspension.Factory sources said mechanical breakdown in the cooling tower on Saturday night forced the suspension of production of 1500 metric tonnes of

Milk Vita cooperators strike: Nanok bills their demands logical

DHAKA: State Minister for LGRD Jahangir Kabir Nanok backed up the cause of strikers as Milk Vita cooperators Thursday stopped supply of milk to the government-run marketing company to realize their three demands.     The dairy farmers’ cooperatives of Sirajganj and Pabna stopped

Prime Bank organizes a seminar

DHAKA: Prime Bank Limited, Islamic Banking Branch, Mirpur, organized a seminar on `Importance of Ramadan: Work Culture` in the city Wednesday.Professor Maulana Mohammad Salauddin, Chairman of Prime Bank Shariah Council and Khatib of National Mosque Bitul Mokarram and Dr M Shamsher Ali,

S Alam to sell out 200-ton sugar each day at Tk 42 per kilo from their stock

DHAKA: Leading sugar manufacturer and importer S Alam Sugar Mill company begins auctioning out 200 tons of sugar per day at Tk 42 per kilo Thursday, supplementing government effort to keep the market stable. At the mill gate, the price will be one-taka less than the government-fixed rate.

Import duty on sugar being lifted

DHAKA: The government has decided to withdraw duty on the import of unrefined sugar to keep the deficient local market stable. “The government has decided to withdraw Tk 2,000 specific duty on per-ton sugar from September 15,” according to a source in the National Board of Revenue

TCB buys poor-quality pulses at overprice

DHAKA: The Trading Corporation of Bangladesh is going to buy 1,000 tons of low-quality Canadian bolder pulse through an overpriced import.Sources in TCB said that the corporation is going to buy per-kilogram pulse at Tk 73.50 while the market price is Tk 67.50. Besides, sources alleged

Legal action against wholesalers for selling sugar over Tk 45: Commerce Secretary

CHITTAGONG: Commerce Secretary M Ghulam Hussain Tuesday directed the district administration to take legal action if anyone was found selling sugar over Tk 45 per kg on the wholesale market of Chittagong. Exchanging views with the business community of the port city in the afternoon, the

ECNEC approves 9 projects involving Tk 2540 crore

DHAKA: The Executive Committee of the National Economic Council (ECNEC) Tuesday approved nine development projects involving Tk 2580 crore.  Of the total amount, the government will finance Tk 2360 crore while the rest part will come from project aid, according to decision taken at the

Scrap shipyard in Ctg fined Tk 15 lakh

CHITTAGONG: Environment Department Tuesday fined a scrap shipyard in Sitakunda upazila Tk 15 lakh on charge of cutting ships under risky environment and causing environmental pollution. Earlier, the Enforcement Division of the Environment Department, led by its Director Mohammad Munir

SEC increases margin loan limit for mutual funds

DHAKA: The Securities and Exchange Commission (SEC) fixed the margin-loan ratio against listed mutual funds with a 35 percent raise in terms of net asset value (NAV).The stock regulator took the decision in its market-review committee meeting Monday.From September 2, the mutual funds will

GMG to operate scheduled flights only during hajj period

DHAKA : GMG Airlines, Bangladesh’s largest private carrier, will operate scheduled flights from Dhaka to Jeddah during the upcoming hajj period. GMG Airlines will operate six flights from Dhaka to Jeddah in every week. GMG Airlines will carry passengers with 264-seated ‘Boeing 767-300

SEC for margin loan details by Sunday

DHAKA: Stock regulator directed merchant banks and brokerage houses to submit by Sunday detail reports on the margin loan they disbursed among shareholders. The Securities and Exchange Commission (SEC) took the decision Sunday at a meeting with two stock exchanges and merchant banks.The