DSE Weekly review Stocks gain for the second week Dhaka stocks gained for the second week as the investors became optimistic after learning that the World Bank will revive the $1.2 billion loan for the Padma Multipurpose Bridge as soon as possible. DGEN, the benchmark general index of the Dhaka Stock Exchange, gained 5.58 per ... Read more
Business
Asian Tourism Fair ends today
Four large vivid festoons welcome visitors at the colourful entry decorated with balloons and flowers to the second Asian Tourism Fair at Bangabandhu International Conference Centre. Inside, well-spaced installations of around 70 stalls also maintain a festive mood, and remain ready to serve travel lovers of the
Western Marine to build a ship for local buyer
Western Marine Shipyard started the construction work of a container vessel on Thursday, which will transport goods from Chittagong Port to Dhaka. This is the first time the company will build a container ship for domestic use. Earlier the shipbuilder made a number of sea vessels for foreign
BTRC serves show-cause notices on GP, Banglalink
Failure to launch 10-second pulse BTRC serves show-cause notices on GP, Banglalink Asks them to refund additional charge to subscribers The telecom regulator on Thursday served show-cause notices on Grameenphone and Banglalink for failing to launch 10-second pulse in each call and flat tariff rate by September 15 and asked them to refund the additional ... Read more
Malibagh market now ‘formalin-free’
FBCCI to provide detection machine to 10 more markets The Malibagh kitchen market was declared formalin-free on Wednesday as part of the Federation of Bangladesh Chamber and Commerce Industry initiative to stop use of the hazardous chemical on fish and vegetables. The apex chamber body distributed three formalin detection machines to the Malibagh
Turnover hits 14-month high on DSE
Bourse wants share sales ban on BSRM Steels’ directors Dhaka stocks gained for the second day on Wednesday with the turnover of the bourse hit a 14-month high at Tk 1,288.42 crore as investors remained hopeful about the World Bank loan for the Padma bridge. DGEN, the benchmark general index of Dhaka Stock Exchange, gained ... Read more
Ctg customs seizes falsely declared cars
Chittagong customs officials yesterday seized three luxury cars imported with false declaration. The Lexus, Mercedes and Porche cars were imported in a container with a declaration that the shipment was a set of passenger lifts, said Mahmudul Hassan, deputy commissioner of the Customs House. The container was brought in the name of Etacol, a company ... Read more
Stocks back to black on WB loan optimism
Stocks returned to the black yesterday riding on investor optimism fuelled with renewed possibility of World Bank’s loan revival for the Padma bridge. DGEN, the benchmark General Index of Dhaka Stock Exchange, finished the day at 4,632.10 points, after surging 53.20 points or 1.89 percent
IMF wants more clout for BB to govern banks
The head of a visiting IMF team yesterday suggested greater authority for the central bank to govern all banks, both private and state-run, to ensure prudential management of the financial sector. David Cowen, chief of the International Monetary Fund’s team, said the amendment to the
Stocks decline on profit taking sales
Dhaka stocks ended in a negative zone on Monday as investors went for profit-taking sales after a four-day gaining streak including yesterday’s surge in share prices. DGEN, the benchmark general index of Dhaka Stock Exchange, lost 0.36 per cent, or 16.82 points, to close the day at 4,548.89 points
NBR collects Tk 34.88cr in tax fair on first day
The income tax fair drew huge crowd on it second day on Monday as people rushed to submit their tax returns, to seek tax-related information and to get new tax identification numbers hassle-free. Visitors at Officers’ Club in Dhaka said they got all tax-related services in a convenient way at the fair. They said at ... Read more
Robi launches free insurance service for prepaid subscribers
Mobile operator Robi Axiata Limited on Monday launched a service to offer free life insurance coverage to its prepaid subscribers. Robi managing director and chief executive officer Michael Kuehner, Pragati Life Insurance MD and CEO Abul Basher Akhond and
Income tax fair kicks off to boost receipts
A weeklong income tax fair kicked off across the country yesterday to provide tax related information and assistance to the existing and potential taxpayers. The National Board of Revenue (NBR) organised the show in seven divisional cities and 11 districts to issue TIN (taxpayer’s identification number) instantly, help file tax returns, submit and
Top five firms that move market
Five big listed companies are strong enough to push the price indices up or down on a single trading day. It was seen in yesterday’s trading also. The benchmark index of the Dhaka Stock Exchange, DGEN, gained 134 points, to which the contribution of the top five firms was more than
DSE turnover tops Tk 1,100cr
Dhaka stocks surged on Sunday as the investors went on a buying spree when the turnover crossed Tk 1,100 crore mark after five months. DGEN, the benchmark general index of the Dhaka Stock Exchange, gained 3.02 per cent or 135.21 points, to close the day at 4,565.72 points
GP, Banglalink fail to meet BTRC deadline
10-Second Pulse GP, Banglalink fail to meet BTRC deadline Two leading mobile phone operators failed to implement the directive of telecom regulators to introduce 10-second pulse on each mobile call within the latest deadline that ended on Saturday. Four other companies also failed to introduce flat call rate or same rate for every minute of ... Read more
Stocks return to positive zone
DSE Weekly Review Stocks return to positive zone Dhaka stocks returned to a positive zone last week after declining in the previous one as institutional and large-scale individual investors became active in the market. DGEN, the benchmark general index of Dhaka Stocks Exchange, gained 2.47 per cent, or 106.75 points, to close the week at ... Read more
Salim Osman panel sweeps BKMEA polls
Sammilita Knit Parishad panel, led by incumbent Bangladesh Knitwear Manufacturers and Exporters Association president AKM Salim Osmam, won 22 out of 27 director posts of the association in the election held on Saturday. Progressive Knit Alliance panel, led by former BKMEA president MD Fazlul Haque, won
Ship breaking now major source of scrap steel
The country’s ship breaking industry produced some 2.1 million tonne of scrap steel worth about one billion dollar (US$ 945 million) during the last eight months since January this year. The industry dismantled some 206 abandoned ships, mostly procured from abroad, to generate the scrap steel, the prime raw material for the country’s re-rolling mills. ... Read more
Rokia Afzal elected ICCB vice-president
Noted woman entrepreneur Rokia Afzal Rahman has been elected vice-president of the International Chamber of Commerce, Bangladesh. Rokia, chairman of the Arlinks Group and executive committee member of the Metropolitan Chamber of Commerce and Industry, was elected vice-president at the 52nd meeting of the ICCB