Monday, 26 Feb, 2024

Business

PRAN serves Noodles to Pilgrims at Hajji Camp

DHAKA: PRAN-RFL Group arranged to serve cooked PRAN Mr Noodles for all Hajj pilgrims at Hajji Camp at Ashkona in the capital.  Kamruzzaman Kamal, Marketing director of PRAN RFL Group informed, Hajj pilgrims come at Hajji Camp from all over the country for immigration and other necessary

IFIC Bank launches software ‘Remit4U’

DHAKA: IFIC Bank has launched its own online remittance software ‘Remit4U’ for accelerating remittance flow from Oman and United Kingdom.The Managing Director & CEO of the Bank Shah A Sarwar inaugurated the operation of the software at a simple ceremony on Wednesday at the Head Office

Emirates flight to Philippines

DHAKA: Emirates expansion reached new heights on Tuesday with the launch of flights to Clark in the Philippines, the inauguration of a route between Milan and New York, and a brand new A380 service to Brisbane--all on the same day in four different continents.The first to take off from

ADB predicts 5.8 pct GDP growth

DHAKA: The Asian Development Bank (ADB) forecast that Bangladesh may achieve 5.8 percent Gross Domestic Product (GDP) growth in the upcoming 2013-14 fiscal year.As per the ADB prediction, the GDP growth is expected to be below 6 percent this fiscal year much lower than the government`s

ADB cuts outlook for developing Asia

DHAKA: Asian Development Bank (ADB) has cut its outlook for developing Asia, citing slower growth in China and India.The bank added that concerns over the US scaling down a key stimulus measure, the quantitative easing (QE) programme, will also affect the region`s growth.Speculation over

Bourses see gain Wednesday

DHAKA: Investors witnessed gain in benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 26 points to stand at 3,954 at the close on the forth trading day of the week.The volume of transactions stood Tk 2,866 million 88,629 with

BD businessmen sign 3 MoUs

DHAKA: Three memorandums of understanding (MoUs) have been finalized between Bangladeshi buyers and Pakistani companies at Expo Convention on Tuesday in Pakistan.During the signing, Mrs Shahida Qaiser, Director Investment B2B TDAP, Riazuddin Qureshi DG Board of Investment Sindh and

Santos closes down Sangu gas field

DHAKA: Due to poor production, only offshore gas field of the country, Sangu, was closed down permanently on Tuesday.Sangu gas field is located at about 50-km southwest of Chittagong district.Director of Petrobangla Mohammad Imaduddin said, “The operator of the field Santos, an

Eurozone unemployment sees first fall since early 2011

DHAKA: Eurozone unemployment fell for the first time in two and a half years this summer, but with 19 million people jobless analysts say the labour market remains the weak link in recovery.In a fresh sign of tentative redress from the eurozone crisis, official data showed unemployment

BMW recalls 176,000 vehicles over power brake problem

DHAKA: German carmaker BMW is recalling 176,000 vehicles over a problem with the power brake system.The company says in rare cases an interruption in oil supply to a part can mean loss of power braking assist.The brakes will still work, but the driver would have to press harder on the

ECNEC endorses project

DHAKA: Executive Committee of the National Economic Council (ECNEC) has approved a project for constructing 1,148 flats for cleaners of Dhaka City Corporations.The approval came ECNEC meeting Tuesday at NEC conference room at capital’s Sher-e-Banglanagar with Prime Minister and ECNEC

IFIC Bank-Misys BankFusion sign MOU

DHAKA: International Finance Investment and Commerce Bank Limited (IFIC), the fastest growing bank of the country, has selected Misys BankFusion as its core banking platform, helping the bank respond rapidly to changes in the market and to accelerate the bank’s already impressive recent

Export boom narrows trade deficit

DHAKA: Trade deficit in July, the first month of the current fiscal year ending in June 2014, slid by about 100 percent to 129 million US dollars compared to a year earlier, as merchandise exports clocked robust double-digit growth, said a central bank official Monday.The official, who

Rupali Bank MD wins DU senate polls

DHAKA: Managing Director of Rupali Bank, a state-run commercial bank, M Farid Uddin has been elected representative of Dhaka University Registered Graduates Senates Committee.He bagged highest votes among the candidates of Ganatantrik Oikya Parishad Panel.The polls, for 25 representatives

Income tax return submission deadline extended

DHAKA: The National Board of Revenue (NBR) extended the deadline for submitting income tax returns for 2013-2014 FY by one month up to October 31. The NBR came up with the disclosure at a press briefing on Monday. In a statement, the board said that the extension came following the

ILO signs new agreements for BD RMG sector

DHAKA: The International Labour Organization (ILO) signed new agreements with the Netherlands, the UK and Canada aimed at improving conditions in Bangladeshi garment industry. The ILO, in partnership with the Governments of the Netherlands, the UK and Canada have launched an innovative

BD workers among 850 go on strike

DHAKA: About 850 expatriate workers have been on strike in Yanbu for a week over the nonpayment of salaries by their employer, a Turkish construction company.A total of 700 workers are from India and Pakistan, with 150 hailing from Bangladesh, Nepal and Turkey. They claim they have not

Subscribers’ crowd at Robi WIC

DHAKA: Subscribers of cellular phone have started witnessing the experience of mobile broadband services, as Robi Axiata as the first private operator has opened its 3.5G network.  Customers plunged into the Robi’s Walk-In-Centres (WIC) in city’s Ghulsan and Muradpur in Chittagong to

Tk 90 lakh of BRAC Bank snatched

SYLHET: Miscreants snatched Tk 90 lakh of BRAC Bank while an official of the bank were taking the money to Biswanath Branch from Banmdarbazar Branch in Lalabazar area of the city on Sunday. Additional Deputy Police Commissioner of the city M Ayub told banglanews that the money was

China launches free trade zone in Shanghai

DHAKA: China launched a free trade zone in its commercial hub Shanghai on Sunday, state-media reported, with the project seen as a testing ground for much-needed reforms in the world`s second largest economy.The zone, which covers 29 square kilometres, ‘started operating Sunday’, the