Business

Eastern Bank Limited signed a memorandum of understanding with some student counselling agencies at Sonargaon Hotel in Dhaka recently. EBL deputy managing director and consumer banking head Mamoon Mahmood Shah signed the memo with the heads of the 45 student counselling agencies, said a

Bangladesh and Nepal finalise modalities Bangladesh and Nepal have finalised the modalities of putting a decades-old transit agreement into operation. The governments have to ratify the modalities to allow Nepal to use Bangladesh’s Mongla Port, which is more convenient for the South Asian neighbour than the Kolkata Port it uses now for

The Power Development Board on Thursday signed contracts with two companies, one of them operated by Bangladesh Army, to purchase electricity from two unsolicited rental 50MW power plants. As per the contract, the Bangladesh Diesel Plant Ltd, an enterprise of the army, will set up a

Stocks closed the last trading session of the week nearly flat amid choppy trading, as investors were gripped with volatility fears over the market regulator’s latest move on portfolio statements of big individual investors. The benchmark index of Dhaka Stock Exchange — DSE General Index — rose 4.56 points, or 0.07

ONE Bank Limited celebrated its 11th anniversary at its corporate head office in Dhaka on Wednesday. Bank’s chairman Zahur Ullah, vice-chairperson Farzana Chowdhury, directors Asoke Das Gupta and Mohammad Idris, managing director Farman R Chowdhury cut a cake to mark the day, said a

Bangladesh has sought assistance from the Asian Development Bank (ADB) to generate 500 megawatts of solar power by 2012. This was disclosed by Dr Tawfiq-e-Elahi Chowdhury, the prime minister’s adviser for energy, at a

The much talked about international trade fair organised by Sylhet Chamber of Commerce and Industries (SCCI), finally started on Wednesday. Commerce Minister Faruk Khan formally inaugurated the Sylhet 12th international trade fair.  In the inauguration speech as chief guest, Faruk said government is conscious about the price

Nationwide Telecommunication Transmission Network (NTTN) service provider Summit Communications Limited has signed agreement with 12 ISPs at Hotel Westin yesterday. The agreements would provide the ISP companies access to Summit’s underground fiber optics

Concord Engineers and Construction Ltd has won the International Quality BID Award at the 24th International Quality Summit in New York recently, a news bulletin said. The International Quality Summit is part of the annual programme of Business Initiative Directions

Banglalink and the Bangladesh Parjartan Corporation (BPC) renewed their partnership on Tuesday at an MOU signing ceremony in the city. Present for the signing were Md. Keramat Ali Khan, general manager, Marketing, BPC and Mohamed Osman,

For the first time, Huawei Technologies Ltd has grabbed the 397th place on the list of Fortune Global 500 companies by revenue. The new tally, published on July 9 by the US-based magazine, ranked Huawei with annual sales of $21.8 billion

Rumours on a possible tightening of share credit and price earnings (PE) ratio shook up share trading yesterday, leading stocks to fall. The benchmark index of the Dhaka Stock Exchange — DSE General Index — declined 76.17 points, or

Rahimafrooz, the pioneer in producing industrial batteries, solar power and IPS (instant power system) in the country. During October-June last fiscal year Rahimafrooz Globatt Ltd exported 1.75 lakh pieces of car batteries worth $5.5 million. The company is a flagship project under Rahimafrooz’s global expansion plan. The batteries were exported to 12 countries, including all ... Read more

The Dhaka Chamber of Commerce and Industry (DCCI) won the 4th Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) Award in the Big Chamber category on July 6, 2010. This was disclosed at a DCCI press conference at its office in Motijhil in the city yesterday. DCCI President Abul Kasem Khan received the award ... Read more

Farman R Chowdhury was re-appointed the managing director of ONE Bank Limited for three years with effect from Saturday. Farman completed his first three-year term as the managing director of the bank on Friday, said a news release. He has been associated with the bank since its inception in 1999. He was the first manager ... Read more

Citycell has started a campus activation program for Zoom Ultra called “Ultra Buzz,” at different universities across the nation. Zoom Ultra has kicked off its “Ultra Buzz” activation campaign in Dhaka University, Rajshahi University and University of Science and Technology of Chittagong recently. A live Internet based quiz competition was held on the

Bank Asia opened 5th Islamic Banking Window at Sylhet Uposhohor branch on Thursday. The new window focusing on Shariah-based banking operation will strive to cater the growing demands of the clients in the locality. Mohd Safwan Choudhury, vice-chairman of the bank, formally opened the window as chief

The Board of Directcs of ONE Bank Ltd has re-elected Zahur Ullah as its Chairman for another term of one year from July 5 this year. The Board has also re-elected Farzana Chowdhury as its Vice Chairperson for the same term. Zahur Ullah obtained his B.Com (Hons) in Finance from Dhaka University in 1979. He ... Read more

Stocks ended higher yesterday, riding on the hopes of attractive dividends from better half-yearly earnings of life insurers and non-bank financial institutions. The market posted gains a day after the regulator asked participants, such as brokers and merchant banks, to abide by the rules in sanctioning margin

Bangladesh, which is eyeing increasing remittance flow through exploring new labour markets in the coming days, may face stiff challenges unless it ensures sending of skilled workers abroad, an expert says. “One of the most important challenges that lie ahead for Bangladesh, as a labour sending country, is to enhance the