Turnover of the Dhaka Stock Exchange on Sunday crossed the Tk 1,100-crore mark again after two and a half months while the bourse’s general index continued to rise for the fifth consequent day as both individual and institutional investors went on a buying binge on the hope that the market would rally further. Market operators ... Read more
Business
Indo-Bangla border markets open July 16
Two border markets between Bangladesh and India will start operations on July 16, said commerce minister Faruk Khan on Sunday. ‘We are expected to inaugurate a border market between Lauwaghar in Sunamganj and Balat in Meghalaya on July 16 as the Indian commerce minister [Anand Sharma] assured that he would also
ADB team to visit Dhaka this month to examine solar funding scope
A consultation mission of Asian Development Bank will arrive in Dhaka this month to examine scope of the installation of 500MW capacity solar energy system in Bangladesh. The ADB also plans to take an initiative to organise an investors’ meeting in Dhaka by September to ensure donors’ support in the project, a top official of ... Read more
BRAC Bank to touch millions through mobile financial service
BRAC Bank steps into 11th year BRAC Bank to touch millions through mobile financial service BRAC Bank, one of the leading private banks of the country, at a press conference disclosed that millions of banked and unbanked people of the country will get access to banking services through mobile phones from subsidiary of BRAC Bank, ... Read more
Banks’ profits beat expectations
Most private banks clocked up significant growth in profit in the six months to June despite a fall in contributions from the stockmarket although they claimed a liquidity crisis over the period. Data from 23 private commercial banks shows that 16 of them logged profit growth ranging between 8 percent and 125 percent. Thirty private ... Read more
Black money move keeps up market tempo
Stocks gained for a fourth day as the government has recently given a green light to undisclosed money to be invested in the market. “The government decision will help increase the tempo of industrialisation and exports as well as establish its Vision 2021,” said Shakil Rizvi, president of Dhaka Stock Exchange, in
Five PSTN operators may get back licences
The telecom ministry and the industry regulator have amended rules to return licences to five fixed-phone operators, who have been out of service for over a year due to a government ban. Under the changes, the five public switched telephone network (PSTN) operators will now have to solve their payment disputes on interconnectivity charges with ... Read more
Undisclosed money investment decision propels stocks
DSE turnover hits two-and-a-half month high Turnover of the Dhaka Stock Exchange on Wednesday hit a two-and-a-half month high and the stocks extended gains for the third day on buying spree after the government allowed legalisation of undisclosed money by investing in the capital market, market operators said. The Finance Bill 2011 passed on Tuesday ... Read more
Another world order at play
A social business is a non-loss and non-dividend company where investors can recoup their dividend but nothing beyond that. All profits will be used to improve the products and services, and/or to increase the company’s reach. Social business campaigners and experts from 15 countries joined Prof Muhammad Yunus in
Access to $661b global halal food market opens
DID of Malaysia approves halal food certification body Bangladesh is set to enter the 661 billion dollar market of halal foods as the Malaysia’s Department of Islamic Development has approved Islamic Foundation Bangladesh as a halal certification body. The IFB will act as the board of certification with technical support from the Bangladesh Standards and ... Read more
Human resources come to limelight
Top management of the country should see human resources department as a strategic business partner to attain sustainable growth, experts said at a seminar in Dhaka yesterday. Human resources experts at the international seminar also put forward a set of recommendations for organisations to help them attain excellence in
Robi launches single rate roaming
Tele communication company Robi Axiata Limited recently launched single rate roaming as a part of ‘Axiata Roam’. Targeting travellers and corporate customers, Robi took the initia- tive and such facility would significantly improve the roaming experiences of the customers, a press
More billion-dollar export sectors in the offing, after RMG and jute
Emergence of jute as the country’s second billion-dollar export earning sector and growth of two other similar sectors are seen as a very significant development for the national economy, say export industry insiders and trade analysts. After readymade garments, jute has emerged as the second billion-dollar export earning sector
London expo to showcase Bangladeshi cuisine
Non-resident Bangladeshis living in the UK will for the first time organise a catering exposition in London in October to promote Bangladesh’s traditional foodstuff. The three-day Bangladesh Catering Expo will be held at Waterlily on 69-89 Mile End Road in London between October 3-5, organisers said
Mobile users cross 75m
Mobile phone subscription has crossed 75 million, according to the country’s telecoms regulator. Grameenphone had 33.261 million, Banglalink 20.047 million, Robi 14.350 million, Airtel 4.911 million, Citycell 1.747 million and Teletalk 1.166 million subscribers at the end of May, according to Bangladesh Telecommunication Regulatory Commission
Igloo Ice Cream Festival starts tomorrow
Igloo and Ruposhi Bangla Hotel are going to organise Igloo Ice Cream Festival 2011 at the east wing lobby of the hotel. This festival will introduce exotic flavors including double chocolate, cookies n cream, Belgian chocolate and many more
Stocks bounce back from deep loss
Stocks rebounded as investors used low prices as an opportunity to buy shares, a day after the stockmarket suffered a massive slide. The benchmark general index of Dhaka Stock Exchange (DGEN) gained 228 points, or 4.02 percent, to close at 5,904 points
AirAsia moves on ticket refund
Malaysian budget carrier AirAsia will refund money to its clients who bought tickets for the flights after June 30 on its Dhaka-Kuala Lumpur route. The decision on refunding money came nearly a week after the airline announced suspension of flights on the route from July 1 for an indefinite
An ambassador of marketing
Mastering Management An ambassador of marketing Philip Kotler, an American born renowned strategic marketer, is the world’s leading author on marketing. He is the SC Johnson Distinguished Professor of International Marketing at the Kellogg School of Management, Northwestern University in USA. Kotler has been honoured as one of the world’s leading marketing thinkers. He received ... Read more
Build a brand, be global
Mastering Management Build a brand, be global Marketing guru Philip Kotler asks Bangladesh to work on its potential Marketing guru Philip Kotler suggested Bangladesh and its corporate leaders should focus on developing global brands for sustainable development. Bangladesh and China have no global brands although the populations of the two countries are higher than that ... Read more