Business

Banglalion WiMAX Plaza was launched in Sylhet on Monday. The Sylhet mayor, Badar Uddin Ahmed Kamran, inaugurated the WiMAX Plaza in the afternoon at Manru Shopping City at Chowhatta in the city as chief guest. Speaking on the occasion, the mayor said development of information technology would speed up the country’s

The largest shopping mall in Chittagong, Akhteruzzaman Centre, opens today. The 16-storey mall with central air-conditioning facility is built on more than 1.5 bighas of land at Agrabad-Badamtali intersection in the port city. The mall houses 220 shops on the first ten floors, said Kutubuddin Chowdhury,

DGEN hits new high Stocks jumped more than 2 percent yesterday, as enthusiasm created by banks’ robust half-yearly operating profit rippled other sectors. The banking stocks apart, other sectors, especially the non-bank financial institutions, also

Dhaka Bank Ltd celebrated its 15th anniversary yesterday, said a press statement. “Dhaka Bank has passed 15 years of operations successfully because of the relentless effort and hard work of its employees. We are committed to providing better services to our customers,”

A three-day international tourism fair will begin in Sylhet on Thursday. The Bangladesh Monitor, a travel publication, will organise the ‘Sylhet Travel Mart-2010’ on July 8-10 at the United Centre at Dhopa Dighir Par. The fair, the first of its kind in Sylhet, will remain

Aamra Networks Ltd, a corporate ISP of Bangladesh, presented its value added services at the CommunicAsia, one of the biggest business-to-business ICT exhibitions in Asia, in Singapore last month. This was the first time a separate pavilion was allocated for Bangladesh in the CommunicAsia that

Citycell has recently joined hands with the society for Community-health Rehabilitation Education and Awareness (CREA) to save the natural environment through newspaper recycle. Citycell CMO Kafil HS Muyeed handed over newspapers to Tarun Kanti Gayen, CEO of CREA at a

A three day long ‘Loko Sangeet Utshov-2010’, held in Rangpur town hall, ended recently. The event, which took place from the 1st of July till the 3rd was sponsored by Banglalink. Sirajuddin, a prominent bhawaiya artiste, inaugurated the Bhawaiya Utshov 2010. Assifuzzaman Khan,

An agreement of remittance arrangement was signed between Islami, Bank Bangladesh Limited (IBBL) and Prabhu Money Transfer, USA on Thursday. Md. Habibur Rahman, deputy managing director and Head of International Banking Wing of IBBL and

Prime Bank Limited opened its 9th SME centre at Tekerhat in Madaripur on Sunday. Vice-chairman of the bank Quazi Sirazul Islam inaugurated the centre as chief guest, said a news release. M Ehsanul Haque, managing director of the bank, presided over the opening

Eastern Bank Limited (EBL) has opened its 58th ATM booth at Nasirabad in Chittagong recently. Deputy Managing Directors of EBL Mamoon Mahmood Shah and M Fakhrul Alam formally inaugurated the new booth while Ziaul Karim, Head of Marketing, Md. Musa, Area Head Consumer Banking,

Stocks returned to the black yesterday, following the resumption of trade in the new fiscal year, riding on the speculations of investors about good half yearly financial disclosures, especially from banks and non-banks. The banks and non-banking financial institutions, especially those having capital market wings,

With the theme “Light up the technological light” a three-day Dhaka Laptop Fair 2010 is going to start from July 7-9 at the Bangabandhu International Conference Center (BICC), will be organized by Maker Communication. Acer, Toshiba, Lenovo, and Samsung are the four sponsors and HP is the promotional partner of

Chevron Bangladesh accorded a grand reception to honour the students who received A and A+ in the last SSC examination held at Nadampur High School premises, Bibiyana, Habiganj recently. Dale Brown, Director, Asset Development of Chevron Bangladesh was present as Chief Guest while as Special Guest Katie Brown, Khaled Ahmed Pathan, Chairman, Managing Committee of

Dutch-Bangla Bank awarded scholarships to 109 meritorious but needy students including eight physically disabled students who passed HSC Examination in 2009 and studying at graduate level in different disciplines including commerce, business, medical, engineering, agriculture, etc.  Atiur Rahman, governor of Bangladesh Bank was present as the chief guest and gave away the

With the growing global market for crocodile products, the country’s lone crocodile farm is now offering such products in the local market on a limited scale alongside its exports abroad. The Reptiles Farm Ltd now offers crocodile eggs, teeth, and live crocodiles for the local market on a

Dhaka stocks edged down last week, as profit-booking sales and a price fall in the telecom sector shadowed the market. The benchmark index of Dhaka Stock Exchange — DSE General Index — fell 36.17 points, or 0.58 percent, to 6,153.68. Many investors, including institutions, booked profit ahead of the half-yearly

The operating profit of the private commercial banks increased by nearly 60 per cent in the last six months compared to the profit made during the previous six month period, official sources said. The 2010 half yearly report of the banks show that profits of different banks increased by 33 to 60

Rajat Kumar Gupta became chairman of the International Chamber of Commerce and Industry while Stephen K Green was elected as vice chairman on Thursday. The new leaders were elected by ICC’s World Council during its meeting in Hong Kong, where 80 of ICC’s business members from 45 countries participated, said a

Bank Alfalah Ltd. has signed an MOU recently and handed over a cheque to the Shabab Murshid Development Foundation – a non profit organisation for development, research and cultural learning focusing the rights of children and youth, and has been working since 2005 in Bangladesh to