Business

Turkish Airlines on Sunday launched its first flight from Dhaka to Istanbul via Karachi. The airlines will operate four flights in a week at 22:50pm on Monday, Wednesday, Friday and Sunday from Hazrat Shahjalal International Airport to Istanbul via Karachi, said a press release. An inaugural ceremony to start the flight was held that the ... Read more

Dhaka International Trade Fair (DITF) will be available in an interactive web platform from this year, showcasing the participating companies. The month-long 16th DITF-2011, organised by Export Promotion Bureau (EPB) and the Ministry of Commerce, starts on January 1 at Sher-E-Bangla Nagar in

India’s leading tyre maker Apollo Tyres launched cross-ply tyres in Bangladesh in partnership with Rahimafrooz Distribution Ltd on Tuesday. Bangladesh is predominantly a cross-ply tyre market, with monthly demand for more than 75,000 heavy and light commercial tyres

Total subscribers reach 6.66cr in November The growth in the number of mobile subscribers picked up again in November as the country’s six operators added 10.58 lakh new subscribers while the state-run Teletalk again went back to losing track. The total number of active mobile subscribers increased to 66.62 million or 6.66 crore at the ... Read more

The insurance industry, both life and general, posted robust growth in 2009. But the sector is still going through poor professionalism and research and development, insurers told the annual general meeting of the Bangladesh Insurance Association yesterday. Top insurers who gathered at the meeting hoped that the regulatory authority would help the

The new board of directors of the Dhaka Chamber of Commerce and Industry was elected with Asif Ibrahim as its president on Thursday. The board was elected 2011 at the association’s 49th annual general meeting, said a press release. TIM Nurul Kabir and Nasir Hossain have been elected as senior vice president and

Parveen Mahmud has been elected president of Institute of Chartered Accountants of Bangladesh (ICAB) for 2011 in its council meeting yesterday. Mahmud is the first woman president for ICAB since its establishment in 1973, said a statement. Former ICAB vice president in 2008, she is the deputy managing director of

The Board of Investment (BoI) yesterday introduced online registration system to help investors get their proposals approved faster and with less paper works. With the web-based automation, the prospective investors will be able to complete registration within just a day compared to six days in the existing

Dhaka University’s finance department team won the Battle of Minds 2010, a real-life business case solving competition, said a statement yesterday. The grand finale of the show, organised by the Bangladesh unit of British American Tobacco (BAT), was held at North South University (NSU) on

Bangladesh will enter a full-fledged mobile banking network within the next three months, and the shift will be implemented within a bank-led model, the central bank governor said yesterday. “The upcoming mobile banking has to be led by the banks,” Atiur Rahman said at a discussion at the National Press Club in Dhaka

Dhaka stocks gained heavily for the second day on Tuesday, recovering most of the ground the market had lost in its highest single-day fall on Sunday. Market operators said investors had continued buying spree to avail lower prices of securities after Sunday’s massive fall and subsequent withdrawal of some stringent regulatory measures by the

BB continues injecting money into banking sector, NBFIs The inter-bank call money rate was reduced further to around 40 per cent on Tuesday in response to the Bangladesh Bank’s directive not to charge interest rate over 50 per cent for short-term loans. Banking sector sources said that the call money rate, the rate of interest ... Read more

Bangladesh Bank (BB) has asked banks not to finance the purchase of any car older than five years. The central bank emphasised that the banks willing to finance the purchase of used cars must prepare a set of uniform guidelines to determine the value of the vehicles. “However, in no case the banks will finance ... Read more

Tanuja Rahman Maya from Jessore emerged as the ‘Best Women Entrepreneur of the Year’ yesterday, for making a successful foray into the country’s handicrafts market. Maya, owner of Rong Handicrafts, has received the National SME Women Entrepreneur Award 2010 at a function at Sonargaon Hotel in the

A two-day show of Bangladeshi readymade garments will begin in London on February 23. European buyers, retailers, wholesalers, fashion houses and leading brands will take part in the fair to be organised at Olympia 2 conference centre, the organisers said at a press conference at the Westin Dhaka yesterday

Candidates of Byabasayi Oikya Parishad gained won 14 director posts, out of 20, in the Khunla Chamber of Commerce and Industry’s bi-annual election held on Monday. Samomona Byabasayi Parishad won 4 posts and Khulna Byabasayi Kalyan Parishad won 2, said principal Jafar Imam, chairman of the election

Mobile operator Robi Axiata Limited and Eastern Bank Limited on Tuesday signed an agreement to introduce mobile-remittance service. Robi’s managing director and chief executive officer Michael Kuehner and Eastern Bank’s managing director and chief executive officer Ali Reza Iftekhar signed the agreement at a ceremony at the

Mutual Trust Bank has recently opened its Baridhara branch and relocated the Pragati Sarani branch of MTB Securities Ltd at the Alliance Building, 63 Pragati Sarani in Dhaka. MTB Group chairman Samson H Chowdhury inaugurated the branches as chief guest at a ceremony held on the premises of the branches, said a news

Mobile phone operator Grameenphone won a top award of the Institute of Chartered Accountants of Bangladesh (ICAB) for publishing transparent financial statements and annual report for 2009. The award was given in the category of communication and IT sector, Grameenphone said in a statement yesterday

Akij Group quietly went green seven months ago by setting up a 12-megawatt biomass thermal power plant costing more than Tk 10 crore. The group is using the power in several of its factories at Munshiganj, saving the company a portion of the money being spent for gas and