Monday, 29 Apr, 2024

Business

Rampal power plant risky for Sundarbans

KHULNA: German Ambassador to Dhaka Albrecht Conze on Sunday said the Rampal coal-based power plant, to be set up closer place to Sundarbans Forest, would be extremely risky to the world largest mangrove forest.Albrecht made the remarks at a press conference at the auditorium of Khulna

PRAN honors Ethiopian importer

DHAKA: PRAN arranged grand reception for Yonathan Hambissa for playing vital role to import PRAN products to Ethiopia. Mizanur Rahman, chief of PRAN exports Ltd handed over the welcome crest to Yonathan Hambissa, owner of Yoha International Trading of Ethiopia at PRAN-RFL center in the

ACCA awards Chevron Bangladesh, BRAC EPL

DHAKA: ACCA has confirmed that Chevron Bangladesh has met the quality criteria for the Award of Approved Employer Trainee Development-Platinum and BRAC EPL Investments Limited with Professional Development, said a press release.This means that  all  finance and accounting employees who

Chinese e-commerce giant Alibaba pl

DHAKA: Chinese e-commerce company Alibaba Group Holding Ltd said on Sunday it has decided to begin the process for an initial public offering in the United States.Alibaba also said in a statement on its corporate news website it might consider extending its public status to Chinese

Bourses see fall Sunday

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Sunday.The DSE Board index shed over 44 points to stand at 4,591 at the close on the first trading day of the week.Trade deals stood at 78,087 with transaction at Tk 2,925 million.    Of the

US jobless claims fall to new three-month low

DHAKA: The number of Americans filing new claims for unemployment benefits unexpectedly fell and hit a fresh three-month low last week, suggesting a strengthening in labour market conditions.Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 315,000, the

Power price hiked by 6.96 percent

DHAKA: The government has increased the power tariff up to 6.96 percent in consumer levels. The decision of hiking power price will be effective from March 1.From now on, the price of every unit of electricity will be Tk 6.15 instead of Tk 5.75.    Bangladesh Energy Regulatory

Low power halts gas supply for fertilizer

DHAKA: Petrobangla, a state-run company, decided not to supply gas to all fertilizer factories except Jamuna to keep the power production uninterrupted.   The authorities concerned took the decision to supply uninterrupted power during T-20 World Cup Cricket and irrigation for Boro

Stocks end lower Thursday

DHAKA: Country`s stock market marked fall again in its price indices on Thursday. The key index of Dhaka Stock Exchange, DSEX, shed over 25 points only to stand at 4,635 at the close on the last trading day of the week.Trade deals stood at 89948 with volume of transactions at Tk 3534

Robi Launches Auto Prepaid SIM Replacement System

DHAKA: Robi Axiata Ltd, the country’s fastest growing mobile operator, recently launched its Auto Prepaid SIM Replacement System, which will bring better control on SIM replacement and deter opportunities of fraud, said a press release.The new system has been initiated for the safety of

CC camera to be set up in branches

DHAKA: Sonali Bank authorities have taken initiative to upgrade the security system for its branches across the country by installing night vision closed circuit cameras and vault alarm system.   Within next 15 days the bank will install night vision closed circuit cameras in inside and

Cathay Pacific net profit tripled in 2013

DHAKA: Hong Kong carrier Cathay Pacific said on Wednesday net profit more than tripled last year on a rise in Chinese travellers and fuel-cost savings, but its cargo unit saw earnings fall while analysts warned of a tough future.The city’s flag-carrier said profit jumped to HK$2.62

Egypt wants to import manpower

DHAKA: Egypt expressed keen interest to import manpower from Bangladesh through government to government policy.Egypt’s minister of foreign affairs Nabil Fahmy assured the matter to the state minister of foreign affairs Shahriar Alam on Wednesday. Source from the foreign affairs

Oman asks for efficient manpower

DHAKA: Expatriates’ Welfare and Overseas Employment Minister Engineer Khandker Mosharraf Hossain Wednesday said Oman showed their keen interest to take skilled manpower from Bangladesh.He made the disclosure while talking to journalists after an hour-long meeting with a high-level

India to build 200 low-cost airports

DHAKA: India plans to build 200 low-cost airports in the next 20 years to connect tier-II and tier-III cities.A civil aviation ministry official said, reports gulfnews.com.This will be one of the focus areas of India Aviation 2014, the country’s largest civil aviation exhibition and

Govt ready to face food crisis in Ramadan

DHAKA: Commerce Minister Tofail Ahmed on Wednesday categorically said the government remains alert to face any crisis during upcoming Ramadan.The ruling Awami League lawmaker came up with the assertion while talking to journalists after a meeting at his secretariat office in city.The

Toyota gives Japan workers biggest pay raise

DHAKA: Toyota Motor Corp said it will give its Japan-based workers their biggest pay raise in 21 years in the year starting in April, heeding a government call to bolster the economy by sharing its surging profit with workers.Toyota will raise its monthly base pay for workers by 2,700 yen

ACC quizzes Anee

DHAKA: The Anti Corruption Commission (ACC) on Wednesday quizzed BNP leader, also former MP of Laxmipur-3, Shahid Uddin Chowdhury Anee in connection with the allegation of acquiring wealth illegally.  ACC deputy director Manjur Morshed interrogated the BNP leader for over one hour from

Sonali GM among 6 suspended

DHAKA: Six high-officials of state-run Sonali Bank, including General Manager (GM) of Head Office Ahsan Iqbal and Rajshahi GM KM Afzal Hossain, were suspended over the incident of looting money from its Adamdighi branch of Bogra. Regarding the matter, letters are being sent by the head

Stocks witness fall Wednesday

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, shed over 12 points only to stand at 4,660 at the close on the fourth trading day of the week.Trade deals stood at 99,169 with volume of