Business

In recent years due to massive manpower export fall since global financial meltdown Bangladesh’s main aerodrome Hazrat Shah Jalal Airport in Dhaka suffered a decline in the number of passengers, according to an official record. Officials at the Civil Aviation Authority of Bangladesh (CAAB) say the decline in

Mobile operator Robi’s profits rebounded to Tk 34.1 crore in the second quarter of the year, after a sharp fall in the first quarter, according to Axiata Bangladesh, Robi’s owner. According to Axiata’s financial report, Robi earned its highest-ever quarterly revenue in the second quarter, touching Tk 34.1 crore. It had dived to Tk 6.2 ... Read more

PKSF boss speaks on new solutions to poverty Microcredit alone cannot eradicate poverty as it needs training, education and housing also to effectively use the credit to attain sustainable development, said Quazi Mesbahuddin Ahmed, managing director of Palli Karma-Sahayak Foundation (PKSF), yesterday. The PKSF boss said this while speaking at a seminar on microcredit organised ... Read more

Bangladesh Brand Forum (BBF) is set to organise a ‘leadership summit’ to encourage local companies and entrepreneurs to participate more effectively in uplifting economic activities. The one-day summit set for October 2 will focus on various issues, including strategic planning, marketing, branding and leadership in its different sessions, said Shariful Islam, founder of

Jamuna Bank has chosen IFS Applications as its preferred HRM solution. ICE Technologies Limited, the country distributor of IFS, has signed an agreement with Jamuna Bank recently to initiate the automation process, said a

OneCall Solutions Limited has signed an agreement with Getco Business Solutions Limited in Dhaka recently. Under the agreement, OneCall Solutions Limited will provide call centre solutions to Getco Business Solutions Limited, said a

Mobile phone manufacturer Nokia has recently announced the sales start of Nokia C1-00 in Bangladesh to add up to the Eid celebrations. Nokia C1-00 is the first Nokia mobile phone to offer the convenience of a device that can cater for subscribers who have two SIMs, said a

Midas Financing provides financial help Mini Mart, a chain shop set up and run by women entrepreneurs, made a foray into the port city of Chittagong yesterday, following its success in Dhaka. In his address to the inaugural as the chief guest, Industries Minister Dilip Barua said the government would provide all support for women ... Read more

A meeting was held recently at Pubali Bank Head Office with the participation of all senior Executives and Officers of Pubali Bank Ltd (PBL). They exchange their views in the meeting regarding consumers credit Loans. Managing Director of PBL Helal Ahmed Chowdhury presided over the Meeting while Deputy Managing Directors of the Bank Mahbub Mustafizur ... Read more

Mobile operator Robi is set to modernize and expand its network across the country. It has already embarked upon a series of programmes to enhance its quality of service, mainly by upgrading its technical resources. In this regard, the company has recently chosen Ericsson to supply and install microwave MINI-LINK transmission system

During this holy month of Ramzan, Standard Chartered Bank has introduced an exclusive 3pc cash back offer for their Credit Cardholders. Under this offer, the Credit Cardholders will get cash refund on their retail transactions by fulfilling a few simple criteria. Overseas transactions as well as the transactions made by the supplementary cardholders will also ... Read more

The National Board of Revenue will spend nearly Tk 3 crore on awareness campaign for increasing tax collection. The fund, allocated in the annual budget will be spent mainly for campaign on electronic media during the month of September, sources in the NBR

Johny Textile Mills has been in the Eid market with variety of its Eid releases in sarees, three-pieces, lungis and printed fabrics including voile, poplin etc. at reasonable prices. One of their main brands of cotton print sarees is the Johny Style World Saree which includes Exclusive, Kamalika, Diagold, Ranguly

Beximco Textiles plans to purchase a 50 percent stake in a power generation company. The industrial unit of Beximco Group, commonly known as Bextex, will buy 35 lakh shares of Northern Power Solution Ltd, according to a posting on the Dhaka Stock Exchange website yesterday. The purchase will cost Tk 100 each, totalling Tk 35

Sadharan Bima Corporation (SBC) earned a net profit of Tk. 1015m in 2009 which was Tk. 241.30 million more than that of the previous year. In 2008 the net profit was Tk. 773.70 million. The growth rate of the profit of the Corporation was 31.190pc. In 2009 the total premium income of the Corporation was ... Read more

Aftab Bahumukhi Farms Limited, a sister concern of Islam Group, has received the Rising Star Supplier Award as a supplier of international quality chicken and further processed poultry supplier for KFC. Transcom Foods’ executive director Akku Chowdhury handed over the crest and a certificate on behalf of Yum India Pvt Ltd to the Aftab Bahumukhi ... Read more

Rahimafrooz Distri-bution Limited launched its first exclusive electronics showroom at Banghabanbhu National Stadium in Dhaka on Tuesday. Rahimafrooz Distri-bution managing direc- tor Mudassir Murtaza Moin inaugurated the showroom, said a news

The stockmarket regulator yesterday approved IPO prospectuses of two new firms. Modern Poly Industries Ltd, a concern of business conglomerate TK Group, will float three crore ordinary shares of Tk 10 each using the book building method, a modern pricing mechanism for initial public offering (IPO). The indicative price of each Modern Poly share has ... Read more

Bangladesh’s Second National Strategy for Accelerated Poverty Reduction (NSAPR II) has given high priority to strengthen local level accountability and governance with strong community participation and oversight. The World Bank’s new Country Assistance Strategy also recognizes the importance of local governance. The Bank will build on Government’s commitment to

The Vice-Chancellor of Green University of Bangladesh (Former VC of Dhaka University) has recently left Dhaka for Canada to exchange students with different Universities of Canada and to examine feasibilities of joint collaboration in the field of higher education and research. During his visit, Prof. Chowdhury will sign in a preliminary agreement with University of ... Read more