Share prices on the Dhaka Stock Exchange plunged on Tuesday as investors went for panic selling, driven by rumours including one on a squeeze of margin loan by the regulators. The benchmark general index of the DSE fell by 203.25 points, or 2.72 per cent, to close at 7,280.98 points on the day after the ... Read more
Business
Software fair creates buzz
The country’s largest software and ICT-enabled services exposition — BASIS SoftExpo — started yesterday in Dhaka to bridge the gap between service providers and users. Finance Minister AMA Muhith inaugurated the five-day event at Bangabandhu International Conference Centre (BICC). About 110 local companies and 10 firms from Denmark and
Activists call for trust building in RMG sector
Rights activists and international buyers’ representatives on Monday asked garment owners to create trust and confidence in their relationships with workers and employees to avert labour unrest in the factories. Establishing healthy trade union activities at the factory level is a tested mechanism of
Seminar links CSR and PPP for social development
Business leaders should incorporate social welfare activities into their corporate strategy to raise organisations’ productivity and ensure social development, said a policy expert. “We urge the private sector to integrate corporate social responsibility (CRS) issues into business strategy,” said Anis Chowdhury, policy adviser at the Prime Minister’s Office. ”It will
Budget airlines crowd Bangladesh skies
All economy seats and budget meals are the key strategy of the low-cost carriers to win the air travel market of Bangladesh. Such an approach has reduced the cost of travel, mainly to different regional destinations such as Dubai or Sri Lanka. When the question of low fare comes, many may raise eyebrows whether the ... Read more
DITF ends today
The 16th Dhaka International Trade Fair will end today as the government has decided not to extend the duration of the fair. Commerce minister Faruk Khan will announce the closing of the fair at a ceremony at the fair venue at Sher-E-Bangla Nagar in the capital
SoftExpo-2011 begins in city tomorrow
The country’s largest exposition for software and ICT-enabled services — BASIS SoftExpo 2011 — will begin tomorrow in the city with a view to bridging the gap between service providers and users. About 110 local companies and 10 firms from different European countries will participate at the five-day event scheduled to be held at the ... Read more
Fishermen to get digital warning
Bangladesh’s coastal fishermen communities will be able evade dangers in the sea and save their lives and livelihoods by using digital telecom technologies from now on. Airtel Bangladesh recently signed a memorandum of understanding with CARE Bangladesh, Oxfam, Campaign for Sustainable Rural Livelihoods (CSRL) and Centre for Global Change (CGC) to
Grameenphone launches GPIT
Mobile operator Grameenphone launched its first offshoot company, GPIT, with a two-day grand inauguration ceremony at GPHouse in Dhaka on Friday. GPIT is an international B2B company with a profit balance and stable corporate clienteles’ right from day one, said a Grameenphone statement
New DMD for National Bank
Abdul Hamid Mia has recently been promoted as deputy managing director of National Bank, says a statement yesterday. He was the senior executive vice president of the bank prior to the promotion. In his banking career of 31 years, he also worked with Sonali Bank, IFIC Bank,
Indo-Bangla trade fair kicks off in May
The second Bangladesh-India joint trade show will be held on May 5 to 7 at Sonargaon Hotel in Dhaka with a special focus on trade and investment between the two neighbouring countries. India-Bangladesh Chamber of Commerce and Industry (IBCCI) will organise the trade show styled “The second Indo-Bangla Trade Fair 2011”, with support from the ... Read more
Int’l jute fair begins
A three-day international jute fair began on Thursday with a call to promote jute and jute products in the world market as well as expanding international markets for the products. International Jute Study Group in collaboration with National Jute Board, India and Jute Diversification Promotion Centre organised the fair at the Bangabandhu International Conference Centre
Optimism lifts stocks
Analysts say risks are far from over Stocks rebounded for the second day amid optimism that support from market intermediaries and the government would continue. Indices bounced more than 400 points shortly after opening of trade yesterday, as prices of shares started hitting the days’ highest limits, spurred by a mood to retain shares to ... Read more
BTRC slashes bandwidth prices by 31pc
The telecom regulator has reduced the monthly rental bandwidth price for leased internet access through submarine cable by one-third to spread the communication services among the masses. The monthly rental bandwidth price for leased internet access through submarine cable will be a maximum of Tk 12,000 per Mbps, said Bangladesh Telecommunication Regulatory Commission
DSE turnover hits 2-year low amid thin trading
Buyers outnumber sellers by far The daily turnover of Dhaka Stock Exchange on Tuesday plunged to a 25-month low of Tk 206.41 crore due to thin trading at most of the brokerage houses as there was almost no seller of most of the issues. Officials of a number of brokerage houses said the prices of ... Read more
HC rejects brokers’ pleas to lift SEC’s suspension order
The High Court on Tuesday summarily rejected the petitions of the five brokerage houses and merchant banks against the Securities and Exchange Commission’s decision to suspend their activities for a month for allegedly manipulating the capital market. The bench of Justice AHM Shamsuddin Chowdhury and Justice Sheikh Md Zakir Hossain
SEC executive director made OSD
The Securities and Exchange Commission has made its executive director Anwarul Kabir Bhuyian an officer on special duty. The commission sent to Anwarul an official order signed by the SEC chairman, Ziaul Haque Khondker, withdrawing him from the responsibilities of the listing and supervision and
GMG adds Boeing 767 aircraft to fleet
GMG Airlines, the country’s largest private air carrier, yesterday added one more Boeing 767-300 aircraft to its fleet. The company plans to use the second 250-seater Boeing, to enhance connectivity to the Middle East. With this, GMG’s fleet size now reaches eight. As part of its target to become the most preferred airline in the ... Read more
Pragati launches new health care plan
Pragati Insurance Ltd has launched its new range of health care insurance plans with reinsurance and technical support from ICICI Lombard GIC Ltd of India, said a statement. The plan covers individuals, their spouses/ dependants and corporate clients aged between 3 months to 60 years for medical expenses incurred during hospitalisation for more
Cloud computing on the horizon
Huawei country chief sees huge potential in Bangladesh Bangladesh can become a thriving market for ‘cloud computing’ in the next five years, mainly driven by an upcoming need of e-education for school students in the rural areas, said a top representative of global hi-tech giant Huawei recently. The internet-based shared computing system, which is the ... Read more