Business articles

Teletalk set to lose subscribers for poor service

Dhaka – The subscriber base of state-run cellphone operator Teletalk is set to see a sharp fall if it fails to improve its service standard, says a recent report, reports UNB. The findings came from the impact evaluation survey report conducted by the Implementation, Monitoring and Evaluation Division (IMED) of the Planning Commission on a […]

India, AIIB sign 329 mln USD loan agreement for western Gujarat’s rural roads

SRINAGAR, Indian-controlled Kashmir, – India signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for providing loan of 329 million U.S. dollars to improve rural road connectivity in western state of Gujarat, officials said Saturday, reports BSS. “The loan and project agreements for AIIB lending of 329 million U.S. dollars for Gujarat rural roads […]

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Bank of England keeps interest rates at record low

London – The Bank of England has decided to keep interest rates at a record low 0.25 percent after slowing inflation damped the clamor for an increase, reports AP/UNB. The bank’s Monetary Policy Committee voted to keep rates on hold amid uncertainty about Britain’s economic prospects as it prepares to leave the European Union. Some […]

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ECNEC approves 8 projects involving Tk 3,171.96cr

DHAKA – The Executive Committee of the National Economic Council (ECNEC) has cleared an infrastructural development project for the country’s Shewra, Bhomra, Ramghar and Benapole land ports involving a cost of Tk 693 crore, reports BSS. The ECNEC gave the clearance at a meeting held at the NEC conference room in the city today with […]

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Companies say Apple removed their privacy apps from China

Washington, Jul 30 – China appears to have succeeded in eliminating software programs that enable its people to view an uncensored internet, reports AP/UNB. Companies that let people avoid the government filters said Saturday that their programs have been removed from Apple’s app store in China. ExpressVPN, one of the companies, posted on its corporate […]

OPPO announces consumer offer

OPPO Communication Equipment Bangladesh Ltd. has unveiled an exciting offer for its customers to meet OPPO brand ambassador and leading India film star Deepika Padukone in India, says a press release. With the purchase of any handset of OPPO smartphone family F3 and F3 Plus, customers can participate in a lucky draw with two lucky […]

Fire causes Tk 430cr losses in one year: Fire Chief

DHAKA,  – The country has witnessed as many as 18,048 fire incidents in last one year causing an estimated loss of Taka 430 crore, fire service officials said today, reports BSS. “In the last one year from July 2016 to June this year, some 18,048 fire incidents took place in the country which caused losses […]

Stocks close week down, transactions decline

DHAKA : Stocks finished the week down on Thursday with falling trends of all major price indices at Dhaka and Chittagong Stock Exchanges as the daily transactions declined amid volatility in large-cap securities. The broader DSEX of the DSE finished the week with 52.39 points down at 5782.47. The blue-chip DS30 and Shariah DSES also […]

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US-Bangla Airlines celebrates 3 years of operation Monday

July 17, 2014 with its maiden flight from Dhaka to Jessore will celebrate three years of its operation on Monday, reports UNB. With the motto “Fly Fast-Fly Safe”, US-Bangla Airlines commenced her operation on the day with two Dash8-Q400 aircraft. “We shall make all happenings not only to retain our present market share but to […]

Stocks open week up on higher transactions

DHAKA,  – Stocks opened the week on Sunday upward with rising trend of all indices at Dhaka and Chittagong stock exchanges on higher transactions, reports BSS. The day’s trade value at DSE increased to Taka 1263.47 crore from Thursday’s Taka 1009.33 crore and the daily trade also rose to 38.89 crore shares from 31.61 crore […]

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Asian stocks higher following Wall Street gains

Beijing, Jul 10 – Most Asian stock markets advanced Monday following Wall Street’s gains ahead of quarterly earnings and testimony to the U.S. Congress by the chair of the Federal Reserve, reports AP/UNB. KEEPING SCORE: Hong Kong’s Hang Seng index rose 1 percent to 25,596.55 and Tokyo’s Nikkei 225 gained 0.6 percent to 20,055.53. The […]

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DSEX crosses 5800-point for first time

DHAKA,  – The boarder price index of the Dhaka Stock Exchange (DSE) crossed 5,800-point mark for the first time, with the daily trade volume rising over three months high after March 22, reports BSS. DSEX finished the day with 52.89 points up at 5,827.19 which were the highest after introducing the DSEX on January 27, […]

Increased transparency for peoples-friendly banking stressed

RAJSHAHI, – Rajshahi Krishi Unnayan Bank (Rakub) should be committed to increase transparency and accountability for ensuring peoples-friendly banking, reports BSS. The bank should remain alert so that its banking services are reached at the doorsteps of the farmers for elevating their living and livelihood condition. The board of directors of the bank made these […]

Mirsarai EZ to be an investment hub: BEZA

DHAKA,  – Mirsarai Economic Zone (EZ) will play a vital role to fulfill the investment prospect of the country through establishing a truly world-class business and industrial center and attracting the local and foreign investors, reports BSS. “About US$10 billion investment proposals have already come for Mirsarai EZ from home and foreign investors in various […]

Energy firms take fresh hit but most Asia markets bounce

HONG KONG,  – Energy firms once again sank in Asian trade Thursday after another plunge in oil prices as glut fears return, though most regional markets enjoyed a recovery from the previous day’s sell-off, reports BSS. Crude traders are firmly in retreat as production cuts led by OPEC and Russia fail to calm fears about […]

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US, Qatar agree F-15 fighter sale

WASHINGTON, June 15, 2017 – US Secretary of Defense Jim Mattis and his Qatari counterpart Khalid al-Attiyah signed a letter of agreement Wednesday for a $12-billion sale of US-manufactured F-15 fighters, the Pentagon said, reports AFP/BSS. The sale comes amid a simmering crisis in the Gulf after Qatar’s neighbors accused it of supporting terrorism and […]

Amu for improving inland waterways to boost economy in South Asia

DHAKA,  – Industries Minister Amir Hossain Amu today called for improving inland waterways in Bangladesh to help boost the economy of the South Asian region through easy movement of people and goods, reports BSS. “The inland waterway transport has the potentials to support regional cooperation and integration by creating a common transportation route across several […]

BUILD for changes in Alternative Investment Rules-2015

DHAKA, – Business Initiative Leading Development (BUILD) has called for simplification of repatriation policy and facilitating venture capital investment by bringing changes to the Alternative Investment Rules 2015, reports BSS. “Repatriation without approval limit should be maintained as per foreign exchange guideline,” BUILD made this observation at the 6th meeting of its Financial Sector Development […]

BUILD for changes in Alternative Investment Rules-2015

DHAKA,  – Business Initiative Leading Development (BUILD) has called for simplification of repatriation policy and facilitating venture capital investment by bringing changes to the Alternative Investment Rules 2015, reports BSS. “Repatriation without approval limit should be maintained as per foreign exchange guideline,” BUILD made this observation at the 6th meeting of its Financial Sector Development […]

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BGMEA demands removal of tax at source for 2 yrs

DHAKA, June 4, 2017 – Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today demanded full withdrawal of tax at source for two years, reports BSS. The trade body of country’s apparel sector made the demand at a post-budget press conference at its office, as 1 percent tax has been imposed at source for the readymade […]

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Chinese premier’s visit to push forward China-Germany economic, trade cooperation : Interview

BERLIN, June 4, 2017 – Chinese Premier Li Keqiang’s visit to Germany will push forward bilateral economic and trade cooperation, said commercial counselor of the Chinese Embassy in Germany, reports BSS/Xinhua. “Economic and trade cooperation has always been the ballast of China-Germany relations. Premier Li’s visit to Germany has made fruitful achievements in the economic and […]

Stocks close post-budget session mixed

DHAKA, June 04, 2017 – Stocks closed the post budget session mixed in green today when investors were analyzing the possible impact of the proposed budget and the fiscal policy on the country’s capital market, reports BSS. Finance Minister AMA Muhith on Thursday unveiled the national budget for the 2017-18 financial year (FY18) at the […]

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AirAsia announces discounted ticket sale

Mumbai, Jun 4, 2017 – Malaysian budget airlines group, AirAsia on Saturday announced discounted fares, starting as low as Rs 1,099 for domestic destinations operated by its Indian joint venture carrier and Rs 2,999 for international flights operated by other group airlines under a limited period offer, reports BSS/PTI. Travellers can enjoy fares from as […]

Jeep hits pothole even as Fiat counts on expanding sales

DETROIT, June 4, 2017 – The iconic Jeep brand is the cornerstone of Fiat Chrysler’s strategy to bolster its position in the global auto industry, but the brand’s US sales have hit a pothole, reports BSS/AFP. FCA chief Sergio Marchionne has mused about spinning off the Jeep just as he spun off Ferrari to raise […]

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