A daylong fair, Canada Showcase 2011, will be held on Sunday for the first time in Bangladesh, aimed at expanding bilateral trade. High Commission of Canada and Canada Bangladesh Chamber of Commerce and Industry will jointly organise the fair where a number of Canadian organisations will showcase
Business
EBL launches new Visa card
Eastern Bank Limited (EBL) yesterday launched limited edition Visa prepaid cards on the occasion of ICC cricket world cup this year. EBL managing director and chief executive officer Ali Reza Iftekhar launched the special prepaid cards in a press conference at Pan Pacific Sonargaon Hotel in
Samsung opens R&D centre in Dhaka
Samsung Electronics Company Ltd, the world’s largest technology company by sales, yesterday launched its research and development centre in Dhaka, the first of its kind by any multinational company in Bangladesh. Yeafesh Osman, state minister for science and information and communication technology, inaugurated the Samsung Bangladesh R&D Centre Ltd at a ceremony at Uday Tower ... Read more
Agriculturists observe Krishibid Day today
Krishibid Institution, a platform of 25,000 agriculturists, will observe February 13 as Krishibid Day every year from now. The institution will observe the day to mark Bangabandhu Sheikh Mujibur Rahman’s acceptance of the demand for giving agricultural graduates the status of first-class officers in civil service,
Textile and garment machinery show kicks off today
A four-day exposition starts in Dhaka today to showcase textile and garment machinery. Jahangir Alamin, president of Bangladesh Textile Mills Association, said at a press conference yesterday that the association has been organising the annual event, Dhaka International Textiles and Garments Machinery Exhibition, for the last eight
Supply chain managers awarded
The two-day international conference on supply chain management ended yesterday with conducting six seminars and rewarding three supply chain managers in Bangladesh. Trinity Communications in association with International Supply Chain Education Alliance (ISCEA), USA organised the conference, First International Supply Chain Conference,
Biman’s hiked fare re-fixed
Fearing losses, the national carrier backtracks from its recent decision As fare hike on international routes proved to be a mistake for Biman Bangladesh Airlines, it backtracked within a couple of weeks slashing the increased fare on 15 of the 19 routes by almost 60 percent. Biman’s tickets to different international destinations will cost less, ... Read more
Stock jitters cap the week
Stocks finished the week in jittery trade, as relentless panic pulled the index and turnover down yesterday. The General Index (DGEN) of Dhaka Stock Exchange suffered a 146-point or 2.2-percent loss and came down to 6,527 at the end of a four-hour trading session — frustrating millions of retail investors. DSE President Shakil Rizvi, however, ... Read more
Govt shares to see light
21 enterprises face deadlines The wait for government shares is likely to end soon, as a breakthrough in offloading shares of state-owned enterprises finally came yesterday. The government set deadlines for 21 SoEs. The offloading will begin with Meghna Petroleum and Jamuna Oil Company by February 27 and finish with Karnaphuli Paper Mills by December
Adfest focuses on changing consumers
While talking about advertising, one must not forget that the changing behaviour patterns and lifestyles of today are the key to making a brand successful, speakers said yesterday. The remarks came at a seminar, Redefined Strategy at the Dhaka Advertising Festival, organised by the Advertising Club at Bangabandhu International Conference Centre in
Curbing microcredit interest rate suggested
Academics and economists on Thursday suggested for curbing the interest rate of microcredit and providing non-financial services to the poor along with financial support to achieve the objectives of microfinance. Micro credit is a system of social service dealing with the poor and moderately poor people and cannot be a financial service system to make ... Read more
BGMEA Bhaban opens in Ctg
Information Minister Abul Kalam Azad yesterday inaugurated the Chittagong BGMEA Bhaban in the port city and branded the building as a milestone in the history of the garment industry. Azad said the garment industry plays a major role in alleviating poverty by earning foreign-currency and creating job opportunities
Three-day US Trade Show 2011 begins in the city
The 20th Annual US Trade Show 2011 started in the capital on Thursday with the hope for increasing bilateral trade and investment between Bangladesh and the United States. Finance minister Abul Maal Abdul Muhith and US ambassador James F Moriarty addressed the inaugural ceremony presided by AmCham president Aftab ul Islam. AmCham
Western Marine to make ferry for Danish buyer
Western Marine Shipyards yesterday held a keel-laying ceremony of constructing a passenger vessel for a Danish company, the shipbuilder said in a statement. The 49.80-metre ferry will be built for Hundested Rorvig Faergefart under the supervision of French classification society Bureau Veritas. Southeast Bank is financing the project by
Investors take to street for 4th day
Investors of Dhaka Stock Exchange went on a rampage for the fourth day on Wednesday blocking a thoroughfare at Motijheel in the city as the general index of the bourse took a 149-point plunge. Although the index had gained around 117 points in early trading till 1:00pm, it then started to slide and closed the ... Read more
New DMD for Trust Bank
MM Haikal Hashmi has joined Trust Bank as deputy managing director, the bank said in a statement yesterday. Prior to the appoin-tment, he was the senior executive vice president and head of credit risk management of Dhaka Bank. Hashmi also served Credit Agricole Indosuez, ANZ Grindlays Bank, Standard Chartered Bank, American Express Bank and Mashreq ... Read more
Muhith sees stable stock market by this week
Finance minister Abul Maal Abdul Muhith on Tuesday said stability would return to the capital market in this week after the government completed implementing the decisions taken towards that end. ‘Normalcy would return after implementation of the decisions we have taken. It might take a little time… [But] It’s not wise to change decisions repeatedly,’ ... Read more
Govt assurance, institutional investors’ return help DSE make magic rebound
Dhaka stocks on Tuesday made a dramatic turnaround on the finance minister’s remark that the capital market would be stabilised this very week and some institutional investors’ re-entry into the market, analysts said. Heavy buying of shares by different government agencies like the Investment Corporation
Mobile operators: Strict rules to bar stock listing
Mobile operators yesterday said unfriendly telecom regulations will restrict them to go public. Senior officials of leading mobile operators said their plan to be listed on the stockmarket will be uncertain, if their growth is hindered due to unfriendly telecommunication rules. “Nobody will buy our shares if we continue to incur losses,” said Robi CEO ... Read more
US Trade Show opens tomorrow
The 20th annual US Trade Show begins at Dhaka Sheraton Hotel tomorrow, the American Chamber of Commerce in Bangladesh told a media conference on Tuesday. A number of new companies and a delegate of 18 members of the AmCham India will participate in the three-day show