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
Business
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
Samsung handsets record steady sales growth
Sales of Samsung handsets in Bangladesh went up by 25 percent to 1.50 lakh pieces in the second quarter of 2012. An aggressive marketing campaign and the launch of a series of mobile phones targeting the low- and middle-end segment of the market, account for the rise in sales. But South Korea’s electronic giant said the ... Read more
Post Office set to roll out e-payment service
Bangladesh Post Office (BPO) will launch its long-awaited mobile banking service in the next three months. The service, to be named ‘Post e-Pay’, will provide a range of financial services, including money transfer, bill payments, cash deposits and withdrawals. The postal department will charge Tk 3 for each transaction, and there would be no interest
Gallerie Apex launches sales campaign
Gallerie Apex on Thursday launched a mega sales Utshob that will offer its customers a chance to win a 800 cc brand new car, 4-stroke motor bikes, 32-inch LED televisions and 13.5 cft fridges and 3,20,000 more prizes ahead of Puja and Eid by purchasing Tk 1,000 worth of products from any of its own ... Read more
Bengal Meat launches first butcher shop at Gulshan
Meat processing company Bengal Meat recently launched its first butcher shop in DCC market at Gulshan-1 in the capital. Model Sharmin Lucky inaugurated the butcher shop, said a news release. Company’s managing director Mazharul Islam, chief executive officer
116 get CIP cards
The government yesterday awarded 116 businesspeople the status of commercially important persons (CIPs) for their outstanding performances in business, especially in export. Commerce Minister GM Quader handed over the CIP cards to the businesspeople at a function at Sonargaon Hotel in Dhaka. The commerce ministry and
Nazimgarh Resorts gets TripAdvisor award
Nazimgarh Resorts in Sylhet has received a TripAdvisor Certificate of Excellence award, the resort said in a statement yesterday. The award marks hospitality excellence, and TripAdvisor is the world’s largest travel site that helps travellers plan trips through advice from real travellers and other supportive
Mobile users pay high for P1 internet package
Mobile phone operators have been charging high for the ‘pay as you go’ or ‘P1’ internet package for the past seven years despite the internet bandwidth price having fallen several times in that period. Grameenphone, for instance, charges Tk 20 for every megabyte (MB) used under the P1 package, meaning a usage of 1 gigabyte ... Read more
DSE turnover tops Tk 900cr again
Dhaka stocks gained on Tuesday amid active participation of the large-scale investors with the turnover of the bourse crossing Tk 900 crore after four and a half months. DGEN, the benchmark general index of Dhaka Stock Exchange, gained 1.30 per cent, or 56.73 points, to close the day at 4,413.90 points
Western Marine gets international certification
Western Marine Shipyard has recently received environment and occupational health and safety certificates from the French classification company, Bureau Veritas, the shipbuilder said in a statement yesterday. Western Marine is the first shipyard in Bangladesh to receive the certification that
Tourism fair starts Sept 27
A three-day international tourism expo, Bangladesh International Tourism Fair, is set to begin on September 27 to promote the country’s tourism globally. Bangladesh Foundation for Tourism Development (BFTD) will organise the fair at Bangabandhu International Conference Centre in the
Foreign investment in stocks almost doubles
Foreign investments in the Dhaka stockmarket almost doubled to Tk 137 crore in July from the previous month, as foreign fund managers and investors considered Bangladesh lucrative for long-term investment. “Foreign investors took up fresh investments buoyed by the fact that most of the fundamentally strong stocks have become lucrative,” said Rakibur Rahman, president of ... Read more
Robi users cross 2cr mark
Robi has recently crossed the landmark of two crore subscribers in Bangladesh, the mobile operator said in a statement yesterday. “This is a momentous occasion for all of us and a clear manifestation of our commitment and sincere efforts over the years,” said Michael Kuehner, managing director and
Qubee starts online bills payment
Qubee launched online bill pay system for its clients, the internet service provider said in a statement yesterday. Qubee users who have a Visa, Master or Nexus card may go to Easy.com.bd and pay their bills without any extra charges. The payment will be updated in the Qubee system within
NBR to honour 360 taxpayers
The National Board of Revenue (NBR) will recognise 360 taxpayers to encourage people pay taxes regularly. It will award three highest taxpayers and two long-time taxpayers from each city corporation and district on September 15. A weeklong income tax fair starts September 16. The tax fair, third of its kind, will take place in all ... Read more
Spending on radio ads on the rise
Spending on radio commercials rose almost 6 percent to Tk 44 crore in the six months through June from the same period a year earlier, according to a report published by Ryans Archive, a media-monitoring agency. Major brands spent Tk 81 crore on radio commercials in 2011, with Grameenphone being the largest advertiser. Three of the top ... Read more
H&M boss backs wage hike
H&M, the Swedish retail giant for clothing, yesterday suggested the government should increase wages for garment workers to help improve their living standards. Chief executive of the company Karl-Johan Persson also asked for an annual review of the wages of the workers. He spoke at a press briefing at Radisson Winter Garden Hotel in Dhaka. ... Read more
High duty takes toll on importers of used cars
Importers of used cars are going through tough times due to a high import duty and a cut in car loans by banks, businesspeople said. Imports of used cars fell by more than 46 percent to 6,700 units during the January-June period this year, compared to the same period last year, customs data
H&M purchase to double in five years
Swedish retail giant seeks to buy more garments from Bangladesh H&M, the Swedish retail giant for clothing, will double its annual outsourcing volume from Bangladesh to around $3 billion within the next five years. The biggest outsourcing company for Bangladeshi garment items said they get products at competitive prices from the country. Leaders of Bangladesh Garment ... Read more