Business

The Securities and Exchange Commission, in a move to cool down the overheated market, decided on Sunday that investors from now on would get margin loans at the ratio of 1:0.5 instead of 1:1, said SEC executive director Forhad Ahmed. The capital market watchdog directed the merchant bankers and stockbrokers to implement the

Telenor Group President and Chief Executive Officer Jon Fredrik Baksaas will arrive in Dhaka today on a three-day visit. He will join the inauguration of Grameenphone’s newly built head office GPHouse, said a statement. During his stay here, he will also meet with Finance Minister AMA Muhith and other senior

Nordic companies in Bangladesh will launch the Nordic Chamber of Commerce and Industry (NCCI) tomorrow to form a platform in an effort to promote business between the Nordic countries and Bangladesh. The chamber aims to improve the business and ethical environment and safeguard new business opportunities

The Investment Promotion and Financing Facility (IPFF) cell of Bangladesh Bank has so far financed Tk 422.30 crore in seven private power plants through its nominated banks and financial institutions since the cell’s inception 4 years back, said the central bank governor. “These projects generated 178-megawatt power, which was subsequently added to the

India’s mobile operator Bharti Airtel, which recently acquired 70 per cent of the stakes of Warid Telecom in Bangladesh, is set to change the brand name of Warid to ‘airtel’ in December, Indian media reported.  Bharti officials in New Delhi on Thursday unveiled a new logo of the company, an artistically written small ‘A’ above ‘Airtel’ ... Read more

Dhaka stocks jumped on Sunday with the DSE general index gaining 120.37 points amid a bull run that pushed the bourse’s key index to its new high, crossing the 8,300-point mark for the first time ever. The benchmark general index of Dhaka Stock Exchange advanced by 1.47 per cent to close at 8,307.70 points on ... Read more

Aarong and Tipra Community Producers Group signed a deal to create a direct value chain, where the local community will directly send products to the chain store by eliminating middlemen. Nishorgo Network, established by the government to benefit local communities through conservation of forest and wetland biodiversity, helped facilitate the deal with

A body consisting of 50 solar and renewable energy supplier organisations was formed on Thursday to solve the country’s energy crisis. Dipal Barua, founder chairman of Bright Green Energy Foundation, has been elected president of the organisation named Bangladesh Solar and Renewable Energy Association,

Finance minister AMA Muhith on Thursday admitted the existence of persistent political influence and corruption in the banking sector but he claimed that, under the present government, such practices were less than before. In his speech at a workshop in the city he argued that it was a social reality that

The Bangladesh Bank will convert the existing SME policy into MSME (Micro, Small and Medium Enterprises) in the next year with a view to bring micro enterprises under the same guideline. The current Small and Medium Enterprise policy does not have any specific room for the thousands of micro enterprises operating across the

Dhaka stocks finished the week upbeat amid a bull run on the market, with the DSE general index refreshing record on Thursday led by heavyweight Grameenphone and state-owned enterprises, market operators said. The benchmark index of Dhaka Stock Exchange advanced by 0.35 per cent to close at record 8,187.33 points on the day. The index crossed ... Read more

A UK-based firm yesterday said it plans to invest $794.5 million to upgrade Mongla port into an internationally standard seaport. James Sutcliffe, chairman of Port Evolution Management Ltd, presented the multi-billion dollar plan for the country’s second largest seaport and its surrounding region at a meeting with

Optimal Solution, a US-based SAP company, will launch operations in Bangladesh soon to bring services to local enterprises, said a top official of the outfit yesterday. At a press briefing in Hotel La Vinci in Dhaka, Gurvendr Suri, the company’s chief executive officer, said Bangladesh showed resilient economic growth during the global

Chevron Bangladesh has signed a deal with Asian University for Women (AUW) to support the university’s recruitment of quality faculty embers. The deal was signed on November 3 under which Chevron provides $250,000 as support. Chevron also agreed to launch an internship programme for the students from next year. This

Prime Bank deputy managing director Md Mehmood Husain has recently been promoted as additional managing director. Mehmood started his career as a probationary officer in 1984 in National Bank. He joined Prime Bank in November 1997. Since March 2007 he had been holding the position of

Mutual Trust Bank on Thursday opened its 56th branch at Hazi Mohsin Super Market on 10 RN Road in Jessore. MTB deputy managing director Md Hashem Chowdhury inaugurated the branch operation at a ceremony held on the branch premises, said a news

The 45th branch of Bank Asia started operation in Cox’s Bazar on Thursday. Bank Asia chairman A Rouf Chowdhury inaugurated the new branch, said a news release. Directors Rumee A Hossain, Mashiur Rahman, Shah Md Nurul Alam and Sohana Rouf Chowdhury, president and managing director Erfanuddin Ahmed and senior executive vice-president

Dhaka stocks on Wednesday sizzled past the 8,100-point mark for the first time as investors continued pouring funds into the market which became highly overheated in recent time, market operators said. The benchmark general index of Dhaka Stock Exchange gained 58.23 points, or 0.72 per cent, to close at 8,114.26 points on the day. The ... Read more

Rahimafrooz Globatt Limited, a new subsidiary of Rahimafrooz Group, on Wednesday sent its first consignment of batteries to China, which is the first-ever export of such an item to the Chinese market by a Bangladeshi company.  Dynavolt, China has agreed to import at least 5,00,000 units within the next three years

The government yesterday formed two bodies — Industrial Skills Council and Industry Advisory Council — as part of an initiative to train people in the hospitality and tourism industry. Initially, the primary task of the councils is to develop a customised training curriculum that will cater to the hospitality market in Bangladesh and other South ... Read more