Business

Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh has recently appointed Bashar M Tareq as global markets director, says a statement. Tareq will also join the bank’s management committee in Bangladesh. A certified treasury professional from the Graduate School of Business at Melbourne University,

Bangladesh’s leading Shipbuilding Company Western Marine Shipyard Ltd on Thursday announced that it had won a contract to build a passenger ferry for a Danish company. The announcement, which was made during the visit of Royal Danish Embassy to Bangladesh Svend Olling in Shipyard is a big triumph for country’s emerging shipbuilding sector as it ... Read more

The government should provide IT training to the rural women, particularly working in the agriculture sector, a former caretaker government adviser said yesterday. “They should get opportunities so they can make their own fortune,” said Rokia Afzal Rahman. She was speaking at a certificate giving ceremony of ‘Beautification and Beauty Parlour

British American Tobacco Bangladesh has joined hands with the Institute of Business Administration (IBA) of Dhaka University to help develop talents in the country. As part of the initiative, BAT Bangladesh has supported IBA’s efforts to renovate some infrastructures in the business school, said a

The SME Foundation yesterday launched its paperless office in an effort to cut costs, increase productivity and provide better services to stakeholders. Md Abdul Karim, principal secretary to the prime minister, announced the launch of the new office from a ceremony at Sonargaon Hotel in

EBL Bangladesh Travel and Tourism Festival pulled in a large number of visitors on the first day. Tour Operators Association of Bangladesh organised the three-day fair in collaboration with Eastern Bank at Banga-bandhu International Conference Centre. Civil Aviation and Tourism Minister GM Quader inaugurated the event as

A study measuring the risks organisations face with recruitment, employment and relocation in 90 cities worldwide gave Dhaka the highest score of 90 countries — but it’s nothing to brag about. It means Dhaka is the worst city for multinational employers who need to relocate workers, according to a new global study from Aon Consulting, ... Read more

South Korea has shown renewed interest in employing Bangladeshi workers following a new measure by the Bangladesh authorities that will restrict illegal labour movement once they are employed in that country. Expatriates’ Welfare and Overseas Employment minister Khandaker Mosharraf Hossain on Wednesday told reporters of the new development at his Secretariat office following a meeting with

GMG Airlines will float shares in the capital market by November this year. Chairman of the private carrier Shayan F Rahman made the disclosure at the 13th annual general meeting of the company in Dhaka on Wednesday, said a news release. The airline, majority of which is owned by Beximco Group, made a profit of ... Read more

A five-member team from United International University, UIU-4Dimension, won the second Citi Financial IT Case Competition held in Dhaka yesterday. The team that finished first among 11 that qualified for the final round was awarded for its business software project, PRO-BIZ

The third Barista Lavazza Coffee Shop began its operation at Gulshan in the city on Wednesday. Deputy head of the Italian embassy in Dhaka, Edmondo Falconi, inaugurated the latest outlet of the Italian coffee chain, which has several thousands of shops in 80 countries. Besides coffee with diversified tastes, Barista has been designed to serve ... Read more

Mutual Trust Bank on Wednesday opened a new SME/agri branch at Haiderganj Bazar in Lakshmipur. Bank’ deputy managing director Md Hashem Chowdhury inaugurated the branch, said a news release. MTB Chittagong region head Mohammad Ali Chowdhury, SME banking division head Mohammad Iqbal, Haiderganj SME/agri branch manager Muhammed Abdus Shahid were

Import and sales of reconditioned cars, which make more than 80 per cent of the country’s privately-owned automobiles, have declined by more than 50 per cent in the past three months, dealers said. Procurement data of used cars from Japan in the first month of the current fiscal year showed that the import was the ... Read more

Indian textile maker Arvind will set up a denim manufacturing plant in Bangladesh with an investment of $66 million over three years, officials in Bangladesh said yesterday. The Indian company has signed an agreement with the local Nitol Group in Dhaka on Sunday to invest in Comilla Export Processing Zone for producing exportable denim fabrics ... Read more

PURNAVA Limited, a manufacturer of non-medicated healthcare products, has introduced OMEGA-3 or O3 eggs this month to add value to the country’s nutrition deficiency. Flaxseed, linseed and fish oils have enriched such egg, common in developed countries but it is for the first time it has been marketed in

ONE Bank Limited opened another ATM booth on CDA Avenue in Chittagong on Thursday. Managing director of the bank Farman R Chowdhury inaugurated the booth, said a news release. Businessman Younus Ahmed, ONE Bank senior executive vice-president and head of

NCC Bank Limited opened its 72nd branch with online facility at Madambibir Hat of Sitakunda in Chittagong recently. Chairman of the bank Yakub Ali Montu inaugurated the branch as chief guest, said a news release. Bank’s managing director and chief executive officer Mohammed Nurul Amin presided

Rupali Bank opened a model branch in Dhaka on Saturday with a vision of turning the loss-making public property into a profitable one. Bangladesh Bank governor Atiur Rahman inaugurated the branch at Gulshan in Dhaka, expressing hope that this step would encourage the revitalisation of other public and

The minimum wage board for setting the salary of garment workers has so far received 365 objections and recommendations both from owners and workers. Chairman of the board Ikteder Ahmed said the owners submitted 343 and the workers and their representatives put forward 22 objections and recommendations

Prime Bank began the construction work of its multi-storey building ‘Prime Tower’ on Wednesday. Bank’s chairman Azam J Chowdhury inaugurated the work and laid the foundation stone as chief guest, said a news release. Prime Bank vice-chairperson Quazi Sirazul Islam, executive committee chairman