Business

BRAC Bank has added the fastest 1 Million Customers in the banking sector of Bangladesh last month. The bank is the youngest in the industry, and crossed this historical milestone within its 9 years of journey. “This is truly inspirational. At BRAC Bank, we have consistently tried to work hard for our customers – we ... Read more

Radisson Water Garden Hotel, one of the country’s five-star hotels, plans to go public through book building method to build another unit of it in Chittagong, officials said Monday. The eight-storey hotel will be the third hotel to list with the stock exchanges once it gets clearance from the Securities and Exchange Commission (SEC)

The three-day Divisional Digital Innovation Fair-2010 starts in the port city on Thursday. The fair is being organised by the Office of the Divisional Commissioner in Chittagong and Access to Information Project of the Prime Minister’s Office. Md Afsarul Ameen, minister for primary and mass education, will inaugurate the fair as chief

DHL has opened its latest express centre outlet at Gulshan 2 in Dhaka recently. This is in line with DHL’s strategy to create an extensive retail footprint and provide greater accessibility, reach and convenience to customers across the nation, said a news release. ‘By creating an extensive retail network and building innovative

Mutual Trust Bank has recently started operation of its 54th branch at Green Valley Business Centre on Main Road in Cox’s Bazar and 55th branch at Abdul Aziz Plaza of Chawk Moghultuli in Dhaka. MTB deputy managing director Md Hashem Chowdhury inaugurated the operation of the Cox’s Bazar branch while deputy managing director Quamrul Islam ... Read more

Rahimafrooz Distri-bution Limited has held its first annual consumer electronics and home appliances dealers’ conference at Bangabandhu International Conference Centre in Dhaka recently. Rahimafrooz Distribution Limited managing director Mudassir M Mom inaugurated the conference in the presence of divisional COO Parvez Saiful Islam,

United Commercial Bank has launched its first off-shore banking unit through corporate branch of the bank at Gulshan in Dhaka recently. Through this new wing UCB endeavours to meet the banking requirements of non resident customers/enterprises especially located at the EPZ areas,

SoE share prices continue to fall  Dhaka stocks opened the week flat with the DSE general index gaining 1.79 points on Sunday as a rise in share prices of banks and insurance companies was cancelled out by a fall in share prices of state-owned enterprises which have been losing prices in their shares following the ... Read more

The Metropolitan Chamber of Commerce and Industry said that the country’s economy has improved in the first quarter of the current fiscal year, with the turnaround in the trade sector and strong growth of domestic demand. The overall investment scenario, though still depressed, is improving as investments

Standard Chartered Bank Bangladesh has closed the first dollar-taka seagull deal in the country with PHP Group. This was the first transaction of its kind and the largest dollar-taka option deal executed so far in Bangladesh, StanChart said in a statement yesterday.

Bangladesh Brand Forum is going to organise a two-day event in London to highlight Bangladesh’s business potentials and improve its image globally. The programme, Meet Bangladesh-Asia’s Next Big Opportunity, will take place at Queen Elizabeth II convention centre on November 26-27.

Mobil Jamuna Bangladesh Ltd (MJBL), a leader in engine oil blending and sales in the country, is set to expand its business operation by adding three new products in its existing product line. The company will start producing three new products — grease, viscosity index improver and transformer oil — at three new plants in ... Read more

Regent Airways, a venture of Chittagong-based conglomerate Habib Group, has made a foray into the aviation sector. Its maiden flights will take off Wednesday. The company plans to become the ‘most preferred’ and ‘safest’ local airline. Regent’s maiden flight will connect Dhaka with Chittagong, the country’s commercial

Mobile phone operators Grameenphone (GP) and Warid Telecom have recently struck a deal to share their telecom infrastructure. The operators, which together take up nearly 50 percent of the country’s total mobile subscriber market, say the move is aimed at expanding networks rapidly while reducing deployment and

It was a busy weekend morning, when a few hundred visitors were placing queries at stalls at a five-day housing fair on the international trade fair ground in Agargaon yesterday. Many visitors came with their families to see the best offer made by the developers, and most of them were looking for payment information such ... Read more

The soaring price of yarn in the last six months has hit very hard the handloom owners and artisans already suffering from tough competition from power looms, forcing even more handloom units to close down all around the country. According to local businessmen in Narsingdi, in the last two years 15,000 of the 20,000

Woven, cut-and-sew apparel makers also hit hard Yarn price has increased further over the past one week, putting the small- and medium-size knitting units, which mostly cater to buyers searching for low-cost products, in a more difficult situation, industry insiders said. At the end of the past week a kilogram of widely used 30-count yarn ... Read more

The Bangladesh Handloom Board has taken a Tk 35.55-crore project for establishing a fashion design and training institute and a basic centre for the development of handloom fabrics in the country. BHB chairman Mostafa Kamal Haider told the news agency that the government had taken the plan to increase skill and productivity of handloom weavers ... Read more

The Bangladesh Solar Energy Limited launched its solar-powered products in Barisal with a programme at the Celebration Point Auditorium in the city on Friday. The BSEL chief executive officer, Rokonuzzaman Khan, managing director Enamul Huq, directors Nayon Murad and Zakirul Islam, and senior trainer MA Ahsan Kibria presented Power Point

The government is going to amend the trade organisations act making it mandatory for businesses involved in foreign trade and all local trading companies and industries to be affiliated with a registered trade body, representing their respective sectors. Commerce minister Faruk Khan on Wednesday said that a draft on the proposed amendment