Business

Livestock sector pinning hopes on Eid-ul-Azha Anthrax is estimated to have caused a financial loss to cattle owners, traders and butchers of about Tk 3,200 crore, according to research undertaken by one of the country’s leading experts on livestock sector. ‘Anthrax resulted in more than 80 per cent reduction in the number of cattle that ... Read more

HSBC will offer a wide range of Islamic products in Bangladesh by year-end. Razi S Fakih, global deputy chief executive of the bank’s Islamic unit, who was in Dhaka on a day’s visit, made the disclosure. He made the visit last week to oversee the bank’s progress in Islamic banking here. Fakih said with the ... Read more

ATM Waziullah, chairman of Kobeda Group of Companies, has been elected president of Bangladesh Chamber of Industries (BCI) for 2010-2012, according to a statement. The former president of Dhaka Chamber of Commerce and Industry takes over from Shahedul Islam Helal. The election of the chamber’s office-bearers and directors was held

Leading beauty salon Persona will open an office in Chittagong in December to cater to the growing market in the port city. “We have a strong customer base in Chittagong. As we don’t have any branch there, many fly to the capital in the morning, take service throughout the day and fly out in the ... Read more

Standard Chartered Bangladesh yesterday re-launched its priority banking and platinum card offerings with a range of benefits and privileges to cater to growing consumer banking. The bank introduced the new offerings at an event at Sonargaon Hotel in Dhaka. Jim McCabe, chief executive of Standard Chartered Bangladesh, said: “The new and enhanced

Mobile company declares 35pc interim cash dividend Telecom giant Grameenphone earned Tk 1,934 crore in revenue in the third quarter, up 17 percent from the same period last year. Increased subscription through subsidisation of SIM tax contributed to the leap in revenue earnings. The top mobile phone operator reported Tk 5,515 crore revenues for the ... Read more

Chain superstore Agora Wednesday invited journalists to its agro farm at Radio Colony in Savar to witness the farm’s maintenance system. M Nizam Chowdhury, head of procurement of Agora, said Agora is committed to providing risk-free meat to customers. He was speaking at a press meet at Kamrul Agora Food Farm, a

Robi has recently started a minipack internet service with more improved network for its prepaid customers. Keeping the customers convenience in mind, Robi is offering 10 megabyte mini internet pack at a rate of Tk 10, said a news release. Now customers can easily access the internet with Robi connection anytime at an affordable

Citi Foundation yesterday launched the Citi Microentrepreneurship Awards programme to recognise and honour leadership, entrepreneurial skills and best practices of individual micro-entre-preneurs in Bangladesh. Being hosted for the sixth time, the goal of the awards is to promote micro-enterprises and

Finnish mobile phone maker Nokia has said it is to cut 1,800 jobs. It made the announcement as it reported a net profit of 529m euros ($741m; £471m) for the three months to September, after a loss of 559m euros a year ago. Nokia, the biggest handset maker in the world, said it had sold ... Read more

Asiatic 360° organised a workshop at Jamuna Resort in Tangail recently with the participation of 70 of its staff for enhancing their efficiency and capability in the world of advertising. The workshop from October 7 to 10 was held with a plan to introduce new entrants to the real world of advertising, said a press

The number of mobile subscribers in the country crossed 6.5 crore mark in September while the state-run operator Teletalk netted a few subscribers in the month after steady fall in the company’s subscriber base in the previous three months. The active mobile subscriber base in the country reached 65.14 million or 6.51 crore at the ... Read more

A customer protection law should be framed to safeguard migrant workers, as the exclusivity clause limits the reach of remittance, migration analysts said yesterday. The exclusivity clause also works against the economy in favour of big companies, they said. The comments came at a dialogue on ‘Institutional and Regulatory Reforms on

HeidelbergCement Bangladesh Ltd in collaboration with Heidelberg Technology Centre, Germany held a series of technical seminar on cement and concrete technology in Dhaka and Chittagong recently. Frank Obst, senior engineer of material technology of HTC, Germany, delivered key speech in the seminars, said a news

The Power Development Board on Monday signed agreements with a Chinese company for installation of two more peaking power plants, each having 50MW capacity. Under the agreements, Dongfang Electric International Corporation of China will install a 50MW plant at Shantahar in Naogaon

A strong nexus between trade union and political party acts as a major obstacle to reining in corruption in the state-owned banks, said a research paper published yesterday. “Trade union leaders are fabulously rich and refuse promotion to remain labour leaders. They dictate transfer, posting and promotion on monetary consideration,” said the

Five bidders have submitted their request for proposals (RFP) with Power Development Board (PDB) for two power projects that will generate a total of 675 megawatts. The two gas-fired power plants to be built under the private sector are Bibiyana phase-2 450 MW and Bhola 225 MW combined cycle power projects

Singer has introduced its high-tech personal computer brand SINGTECH in Bangladesh recently, says a statement. The computer is available in two models, such as SINGTECH Standard and SINGTECH Pro. Customers can buy the computers both in the forms of cash and instalment from Singer Plus shops across

ONE Bank opens 42nd branch at Jagannathpur ONE Bank has opened its 42nd branch at Jagannathpur of Nadda in Dhaka recently. Chairman of the bank Zahur Ullah inaugurated the branch, said a news

Dutch-Bangla Bank has launched its 1,000th ATM booth and 50th Fast Track booth in Chittagong recently. The bank launched the 1,000th ATM booth on the factory premises of the GlaxcoSmithKline Bangladesh Ltd in the Fouzderhat Industrial Area of Chittagong. Chairman of the executive committee of the DBBL board Sayem Ahmed inaugurated the