Sunday, 24 Sep, 2023


Dhaka Stock makes 5 records on a day

DHAKA: Dhaka Stock Market (DSE) on Tuesday witnessed five major records in terms of market capital, trading, exchange and rise of DSE and general indexes. The market capital reached at Tk 2,96,010 crore with a rise of Tk 2,419 crore than the previous day, which was the highest market

SEC seeks boursesÔÇÖ surveillance reports by Wednesday

DHAKA: The Securities and Exchange Commission (SEC) directed country’s two stock exchanges to submit their reports on market monitoring by Wednesday, as the watchdog goes tough so the stock traders play by the book. SEC market-surveillance committee on Tuesday evening issued a letter to

Investors of mutual funds at bay

DHAKA: The investors of Mutual funds in the capital market faced financial losses over the last one year for which they blamed stock market regulator Securities and Exchange Commission (SEC). According to the investors, prices of some of the mutual funds dropped by 70-100% per unit in the

Commerce through express mailing: Customs to sue 555 persons

DHAKA: The Customs Department is going to sue 555 persons for importing commercial goods through the Express Mail Service (EMS) of the Postal Department on false declaration.Joint commissioner of the Internal Customs Department (ICD) Wahida Rahman Chowdhury told,

SEC to monitor market surveillance committeeÔÇÖs function

DHAKA: The Securities and Exchange Commission Monday decided to monitor the activities of the market-surveillance committee of the two stock exchanges of the country as a double-check.  The committee was asked to report on how it is monitoring share trade on Dhaka Stock Exchange and

TIN, bank statement mandatory for foreign trip

DHAKA:  A government taskforce has made submission of Tax Identification Number (TIN) and two years’ bank statement mandatory for passengers in getting air ticket for traveling abroad.The taskforce formed by the government to monitor the recruiting agencies took the decision, official

BashundharaÔÇÖs first cargo vessel sets sail

DHAKA: The MV Bashundhara Logistics–21, a new cargo vessel and first formal production of Bashundhara Steel and Engineering Limited (BSEL), an enterprise of Bashundhara Group, set sail Sunday on trial run.The 1800 dead-weight-tonnage coastal cargo craft was built using localresources

Interim water-sharing treaty on Teesta river to be inked next year: FM

DHAKA: An interim agreement for sharing the Teesta waters with India would be signed next year, Foreign Minister Dr. Dipu Moni said Sunday, following some latest developments in the bilateral relations.    “The Joint River Commission (JRC) will hold another 2-3 meetings within next

Export-import resumes at Akhaura land port

BRAHMANBARIA: Trade through Akhaura land port with North-Eastern India resumed Sunday after a suspension on Saturday over the death of an Indian worker.    General Secretary M Monir Hossain Babul of C&F Association of the land port businessmen of India stopped trading at the port the

Stampede amid fire panic at 2 Ctg garment factories: 40 workers wounded

CHITTAGONG: At least 40 people were injured in stampedes amid fire panic at two garment factories in Kalurghat industrial area in the district Saturday.     "Twelve of the injured were rushed to Chittagong Medical College Hospital," said a spot report. Sources said Dress Shirts Ltd of

Banking without counterfeit dollar detector!

DHAKA: Bangladesh Bank and other commercial banks lack necessary equipment to detect counterfeit foreign currencies, particularly the dollar, which leaves a chance for swindlers to cheat the commoners with fake notes. Organised gangs of forgers take the chance, resulting in an increase of

No donor aid with strings tying the use: Faruk Khan

DHAKA: Commerce Minister Col (retd) Faruk Khan said Bangladesh, as a least developed country, needs financial assistance from donors for enhancing trade capability, but no aid with strings binding the use."No financial aid for unnecessary project and with illogical conditions would be

Meat, soyabean oil prices fixed for Ramadan: oil Tk 80 per kg, local beef Tk 250, mutton Tk 350 a kg

DHAKA: A piece of good news for the city-dwellers: buy pure soybean oil at Tk 80, local beef Tk 250 and mutton Tk 350 per kilogram during Ramadan. The rates for the much-consumed essentials for the upcoming month of fast and festivals have been fixed by government authorities.Dhaka City

SEC rejects appeal by Arafat Securities for fine exemption

DHAKA: The Securities and Exchange Commission (SEC) rejected an appeal by the Arafat Securities Limited (ASL) for exemption of fine that the regulator had earlier imposed for irregularities by the brokerage house.The SEC took the decision at its meeting, a competent source confirmed.

Pranab comes Saturday on short trip, oversees US$1 bn credit agreement signing

DHAKA: Indian Finance Minister Pranab Mukherjee arrives here Saturday on a short visit when he will oversee Bangladesh signing a credit deal with India and also do the spadework for his premier’s tour.  “Pranab would arrive in Dhaka on Saturday afternoon by a special plane. His visit

BPC motel NetangÔÇÖs hospitality service nosedive on bay beach

DHAKA: Netang, one of attractive seafront motels of Bangladesh Parjatan Corporation located on the bay beach at Teknaf, seems to have lost its past glory for a shabby run on lease.Lessee Ms North-South Property Development Limited (NSPDL) operates the motel at a panoramic resort site,

HC asks Nandan superstore chain to quit Gulshan

DHAKA: The High Court asked Nandan Food and Beverage Industries Ltd owners to pack up its outlet from capital’s posh Gulshan area by August 25.An HC bench comprising Justice Mamnoon Rahman and Justice Syeda Afsar Jahan passed the eviction order Wednesday following RAJUK’s legal

Go Digital: Pay through treasury sitting at home

DHAKA: Government’s treasury slip or challan could be submitted online within six months—seen as an epoch-making change in the troublesome outmoded system, thanks to the digitization process.At the same time, visitors’ slip at the Secretariat will also be made available online to

SEC to audit financial statement of listed cos

DHAKA: The Securities and Exchange Commission (SEC) may audit faulty financial statement of any company listed with the capital market.The SEC will also recruit auditor in order to implement its decision, a meeting of the stock market regulator decided Wednesday.SEC’s Executive Director

Interest rate on micro-credits be fixed in consultation with stakeholders

DHAKA: Bangladesh Bank Governor Dr Atiur Rahman said Wednesday interest rates on micro-credits would be fixed after discussion with the stakeholders, as the NGOs reportedly charge exorbitant interests.He also called upon the organizations supplying micro-credits to reduce operational