Business

The visiting United Nations Department of Economic and Social Affairs senior economic affairs officer Nazrul Islam on Wednesday suggested bringing the country’s state-owned enterprises out of government’s control to achieve a sustainable economic reform. He was speaking in a seminar titled ‘Was the Gradual approach not possible in the

Will be lenient on banks’  capital market investment The Bangladesh Bank on Monday asked the commercial banks to purchase shares and assured them that it would be soft on the banks which have invested more than their allowable limit. The central bank’s governor, Atiur Rahman, issued the directive at an emergency meeting with commercial bankers ... Read more

The Securities and Exchange Commission on Monday took a number of measures, including increasing the margin loan ratio for investors, to stop the massive slide of share prices. The SEC raised the margin loan ratio to 1:2 from 1:1.50 in a bid to increase the purchasing power of the share investors who have sustained heavy ... Read more

Social enterprises need financing from ‘impact investors’ that include a heterogeneous group like foundations, family offices, banks, pension funds and social investment to scale up their efforts, a discussion in Dhaka was told yesterday. Impact investors are a group that eyes a social goal beyond merely returns in terms of

Nokia Emerging Asia appointed Abu Daud Khan as country manager to lead Nokia operations in Bangladesh and Nepal, said a statement. Khan joined Nokia in 2010 and prior to the current assignment, he worked with Sony Ericsson Mobile Communications and British American Tobacco. Daud obtained his MBA from

The 10th edition of Garmentech starts tomorrow at Bangabandhu International Conference Centre in Dhaka to exhibit the latest technologies and machinery of the garment sector. Zakaria Trade and Fair International and ASK Trade and Exhibitions Ltd jointly organise the event that ends on Saturday, said the organisers at a press meet at Dhaka Reporters Unity

The police were in full gear, ready to pounce on the agitating investors on the road in front of the Dhaka Stock Exchange. Investors were ready to throw brickbats on the police as they could not curb their anger after the losses they had borne. Suddenly the police went into action and started to beat ... Read more

Growth in international call traffic has slumped while international traffic routed via Skype, the largest provider of internet-based voice communications, continues to accelerate, data showed. International phone traffic grew an estimated 4 percent in 2010 to 41,300 crore minutes, down from 5 percent growth in 2009, which is a far cry from the

Research organisation Centre for Policy Dialogue (CPD) yesterday said a game of ‘windfall gain’ is going on in the country’s stockmarket and some people are manipulating the prices. Irregularities, anomalies, oversight and poor policy framework have led to the bubble market, the private think tank said in its interim analysis on the state of the ... Read more

The introduction of book building system has turned out to be a tool for manipulating market prices, the Centre for Policy Dialogue has observed. Instead of ensuring competition among big investors at the ‘price discovery’ stage, the market syndicates are abusing it for placement shares at an artificially high price, the CPD

Says Barua as he narrates success stories The government is set to manufacture CNG three-wheelers through state-run Atlas Bangladesh, said Industries Minister Dilip Barua yesterday. “We are looking for prospective investors from India and China,” said Barua in his ministry’s annual performance report

Monomi Begum, a Shewrapara slum-dweller, had to return home empty-handed after waiting for around one and a half hours on Sunday to buy rice from the Open Market Sales point in that city area. ‘My husband is a rickshaw-puller. His earns so little with which it is really hard to buy rice from the market, ... Read more

manpower needs new markets: BB Expatriate Bangladeshi workers sent home remittances of around $11 billion in the just concluded year of 2010, only around 2 per cent more than $10.76 billion in 2009. The monthly remittance inflow declined to $963.53 million in December from $998.60 million in November as the country’s manpower exports continued to ... Read more

A three-day laptop fair will start on Wednesday at Dhaka Hotel Sheraton. Thirty-nine companies will showcase products at 18 pavilions and 21 stalls at the Qubee Laptop Fair 2011, organised by Maker Communication. The fair will remain open from 10am to 8pm with an entry fee of Tk 20. “The objective of the fair is ... Read more

The Bangladesh Association of International Recruiting Agencies on Monday blamed diplomatic failure of the government for the decreasing manpower exports in recent years. The government’s initiative to export manpower by itself was but a part of an international conspiracy, BAIRA president Abul Bashar alleged in a written statement made at a

Flydubai, Dubai’s first low cost airline, will begin its flights from Dubai to Chittagong on January 17. Flight FZ587 departs from Dubai at 1340hrs, landing in Chittagong at 2020hrs local time and the return flight FZ588 takes off from Chittagong at 2120hrs, arriving back in Dubai at 0125hrs local time, said a news release.  Flydubai ... Read more

HRC Products Limited on Saturday opened its stall at the Dhaka International Trade Fair at Sher-e-Bangla Nagar in Dhaka. Senior deputy general manager of the company Abu Syed Raja inaugurated the stall numbering 265, said a news release

AKM Shahidul Haque assumed the office as managing director and chief executive officer of Mercantile Bank Ltd recently. Prior to the assignment, he was the additional managing director of the bank, said a statement. Haque is associated with Mercantile Bank since its inception. He also served at Rupali Bank, National Bank and Prime Bank Ltd, ... Read more

Shahab Uddin Khan was elected president of Bangladesh Indenting Agents’ Association (BIAA), The election took place at the association’s 29th annual general meeting at a city hotel in Dhaka. Khan is the chairman and managing director of Zeeshan International Agencies Ltd. Muhammad Ayub and AKM Azad were elected senior vice-president and vice-president

Green Delta Insurance Company Ltd, one of the leading private non-life insurers, yesterday celebrated its 25th founding anniversary and relaunched its newly designed website. The company has also designed a couple of events this month for its stakeholders to celebrate the occasion, said Nasir A Choudhury, managing director of the