Business

Soaring prices have made gold purchasers shy away without a compelling occasion, like a wedding, as prices rose early this month for the 10th time in a year. Jewellery manufacturers said they raised the prices to adjust to those on the international market. The price per bhori (11.66 grams) of 22-carat gold stands at Tk ... Read more

A leading optical fibre network service yesterday urged the government not to extend its November 30 deadline for removing risky overhead cables from electric poles across the capital. “We have already laid our optical fibre networks from Uttara to the Motijheel area of the capital, setting up distribution points across all the major routes,” said ... Read more

Hazera Alam Munni from Chittagong won the best chef of the year award for 2010 in the ‘Monitor-Malaysian Palm Oil Chef of the Year’ competition. The Bangladesh Monitor, a travel magazine, organised the competition for the sixth time. The gala award ceremony was held at Hotel Sonargaon in Dhaka

BRAC Bank has recently launched a new service, Apon Shomoy, a customer service centre dedicated to serving BRAC Bank customers 24 hours a day, seven days a week. This new service was opened at the bank’s Gulshan Avenue and Banani outlets. BRAC University vice-chancellor Ainun Nishat launched the ‘Apon Shomoy’ as chief guest in

Citycell has recently signed a strategic partnership agreement with Dutch-Bangla Bank at Citycell head office at Mohakhali in Dhaka. Under the agreement, DBBL’s mobile financial services will be available through Citycell phone and Citycell authorised point of sales

CHITTAGONG, Nov 26: Bangladesh’s leading ship building company, Western Marine Shipyard, delivered today two ocean-going vessels to its German owner, Grona Shipping GmbH Co KG. Saiful Islam, chairman of Western Marine Shipyard finally delivered the twin vessels – Grona Ammersum and Grona Biessum – the ever-largest ships built by a Bangladeshi company to

MJL to raise Tk 609 crore The Securities and Exchange Commission on Thursday approved Mobil Jamuna Limited Bangladesh’s Tk 609 crore initial public offering, the biggest ever IPO in the country’s capital market. The commission, at a meeting presided over by its chairman Ziaul Haque Khondker, also approved IPOs of MI Cement and Salvo Chemicals ... Read more

Dhaka stocks continued bull run on Thursday crossing 8,700-point mark led by mutual funds and banking and insurance issues, market operators said. The benchmark general index of the Dhaka Stock Exchange advanced by 48.18 points, or 0.56 per cent, to close the week at 8,721.09 points on

Western Marine Shipyard of Chittagong will deliver two vessels, the largest-ever built in Bangladesh, to a German shipping company today. Each of the vessels, christened Grona Ammersum and Grona Biessum, is 100 metre long and has a 5,200 deadweight tonnage carrying

The least developed countries should strive to attract domestic investors and the diaspora, develop capital market and formulate public private partnership initiative instead of looking to the declining foreign direct investments, economists said yesterday. They made the observations at the second working session styled ‘Promoting

Coins of Tk 1 denomination are sold for prices between Tk 5 and Tk 300 as a rumor ran high that an increase in copper prices on the international market might push the value of the copper coins. Law enforcers said some gangs were spreading rumors that the

Germany has suggested a reliable and sustainable legal framework in Bangladesh to attract foreign direct investment and setting up a special economic zone (SEZ) here for its entrepreneurs. “There is ample scope for overseas, especially German investment in Bangladesh,” said Martin Biesel, German federal foreign office state secretary

Business environment in Bangladesh is strong but good governance and legal framework are needed to attract foreign investment, a German state secretary observed yesterday. Foreign businesspersons are careful with money but not shy to invest, Martin Biesel, state secretary of the Federal Foreign Office of Germany, told a gathering at

Dhaka stocks on Wednesday crossed the 8,600-point mark for the first time ever on heavy buying by investors of high-profile shares that saw their prices slide in the previous two trading days following the SEC directive on margin loan ratio. The benchmark general index of DSE advanced by 118.09 points, or 1.38 per cent, to ... Read more

Bangladesh’s largest fair for the apparel sector starts today. The three-day textile exposition, Batexpo-2010, will be organised at Bangabandhu International Conference Centre in the capital by Bangladesh Garment Manufacturers and Exporters Association. At a press briefing yesterday at BGMEA office, its President Abdus Salam Murshedy said the fair

International restaurant chain KFC has decided to attach its previously launched drink Krushers to its regular menu, said a statement. The drink in five flavours was launched last month on a limited scale to measure the market potential, the statement added

GP loses 1.67 lakh subscribers The growth in the number of mobile subscribers slowed down in October as the country’s six operators added only 4.23 lakh subscribers, while Grameenphone, the leading operator, lost 1.67 lakh subscribers. The total number of active mobile subscribers increased to 65.56 million or around 6.56 crore at the end of ... Read more

VoIP offenders punished: CEO Visiting Telenor Group president and chief executive officer Jon Fredrik Baksaas on Tuesday urged the government to create an environment favourable for introducing third generation mobile phone technology as its local operator GrameenPhone was ready to adopt it. ‘We have been engaged for years in connecting peoples through different telecom services. ... Read more

The Nordic Chamber of Commerce and Industry was launched in Dhaka on Tuesday with great optimism that trade and investment relations between Bangladesh and the north European countries would further boost in the days ahead. At the launching ceremony, held at Westin Hotel, Norway’s environment and

The government in principle decided to invite expression of interest from interested private investors to develop Hi-Tech Park at Kaliakoir in Gazipur district. It has been decided that the park will be developed on a public-private partnership basis and advertisement in this regard would be given in