Business

Abrar A Anwar recently joined Standard Chartered Bank as managing director of wholesale banking. Prior to this appointment, Anwar was the managing director and head of global corporate and commercial banking of Citibank NA, said a statement. He started his 19-year corporate and investment banking career with ANZ Grindlays Bank in

From now on, Orion Laboratories will manufacture and market its products under the name of Orion Pharma Ltd, said a statement. Orion Group Chairman Mohammad Obaidul Karim chaired the new logo launch ceremony of the pharmaceutical company at its corporate head office at Tejgaon in

All previous records of Dhaka Stock Exchange broken Investors earned crores but some also lost their last paisa at the Dhaka Stock Exchange in 2010. Heavy inflow of liquidity and entry of fresh investors pulled up the stock market to its historic height this year, surpassing all the previous the records. It was a windfall ... Read more

DGEN rises by 82.87pc from 2009 Dhaka bourse finished a booming year on an upbeat mood with its benchmark general index and turnover gaining on Thursday. The general index of Dhaka Stock Exchange advanced by 75.36 points, or 0.92 per cent, to close at 8,290.41 points on the last trading day of

ASA, one of the largest microfinance institutions in Bangladesh, will open 300 branches across the country in 2011 to cater small entrepreneurs. The organisation also plans to disburse Tk 8,000 crore in loans to restructure credit schemes to make them more flexible for clients

Dubai’s low cost airline flydubai plans to begin flights from Bangladesh on January 17. The airline will operate flights between Chittagong and Dubai, said a statement yesterday. “The flights to Chittagong will not only cater to the Bangladeshi workforce in the UAE, but also will be instrumental in increasing trade and business between our two ... Read more

The Refugee and Migratory Movements Research Unit on Tuesday said that Bangladesh’s manpower export had been reduced by 21 per cent in 2010, and the growth in remittance, only 1.4 per cent, was the lowest in the last 30 years. The RMMRU came up with the findings in its report — Labour Migration 2010: Achievement and ... Read more

Ahn Lab Inc, a provider of integrated security solutions, has launched an internet security solutions package in a bid to tap banks and other financial institutions. The package known as V3 Internet Security (IS) protects computers in real time against most security threats, including viruses, hacking, spamming and

Teletalk Bangladesh, the state-owned mobile phone company, on Monday signed an agreement with China National Machinery and Equipment and Export Corporation for introduction of 3G services in the company and expansion of its existing 2.5G services. Managing director of Teletalk Majibur Rahman and Yang Yinchin of CMEC signed the deal in the

Leading Bangladeshi business conglomerates Intraco Group has signed a mem-orandum of understanding with Nicco Park and Resorts Ltd, India to set up a water park at the popular sea resort of Cox’s Bazar at Chittagong. “The water park will come up in an area of four acre already earmarked. The total

Standard Chartered Bank has recently opened another financial kiosk in Dhaka. This kiosk, located at Hajipara, is equipped with an ATM, a Billspay machine, a contact centre hotline and an internet banking kiosk. In addition, there are service staff at the kiosk to address customer queries and requests, said a news release

Southeast Bank has recently opened its 70th branch in Chapainawabganj. Bank’s senior executive vice-president and head of information technology SM Mainuddin Chowdhury inaugurated the branch as chief guest, said a news release. Among others senior vice-president and head of Rajshahi branch AMM Ariful Haque, assistant

Courier service to come under regulatory system soon, minister tells JS body The government will complete all the procedures for issuing new licences for voice over internet protocol business within next two months, said a minister on Sunday. The post and telecommunication minister, Raji Uddin Ahmed, on Sunday told the parliamentary standing committee on the ... Read more

Bangladesh has carved its place among the world’s best destinations for IT outsourcing, largely thanks to its low cost, according to a study by a leading research and consulting firm. Bangladesh usually offers an attractive cost proposition for the investors, as its low salary level and low-cost of living are ideal for jobs that are ... Read more

The benchmark general index of Dhaka Stock Exchange on Sunday fell by 11 points in a topsy-turvy trading as panic-stricken investors continued to sell off their stocks and institutional investors remained cautious in making further investment, market operators said. Out of 244 issues traded on the day, share prices of only 46 issues, mainly those ... Read more

Turkish Airlines on Sunday launched its first flight from Dhaka to Istanbul via Karachi. The airlines will operate four flights in a week at 22:50pm on Monday, Wednesday, Friday and Sunday from Hazrat Shahjalal International Airport to Istanbul via Karachi, said a press release. An inaugural ceremony to start the flight was held that the ... Read more

Dhaka International Trade Fair (DITF) will be available in an interactive web platform from this year, showcasing the participating companies. The month-long 16th DITF-2011, organised by Export Promotion Bureau (EPB) and the Ministry of Commerce, starts on January 1 at Sher-E-Bangla Nagar in

India’s leading tyre maker Apollo Tyres launched cross-ply tyres in Bangladesh in partnership with Rahimafrooz Distribution Ltd on Tuesday. Bangladesh is predominantly a cross-ply tyre market, with monthly demand for more than 75,000 heavy and light commercial tyres

Total subscribers reach 6.66cr in November The growth in the number of mobile subscribers picked up again in November as the country’s six operators added 10.58 lakh new subscribers while the state-run Teletalk again went back to losing track. The total number of active mobile subscribers increased to 66.62 million or 6.66 crore at the ... Read more

The insurance industry, both life and general, posted robust growth in 2009. But the sector is still going through poor professionalism and research and development, insurers told the annual general meeting of the Bangladesh Insurance Association yesterday. Top insurers who gathered at the meeting hoped that the regulatory authority would help the