Business

Biman Bangladesh Airlines yesterday introduced an online reservation and ticketing system to allow travellers to book flights and seats on the internet. An application, known as internet booking engine (IBE), allows travellers to make reservations on the airline’s website

Pubali Bank has forayed into online banking by automating 100 branches all at once, a move of massive proportions in Bangladesh. It is unique that the bank has done so by developing its own software that costs much less than an imported version

DSE key index, turnover hit new highs The stockmarket regulator suspended trading of Pharma Aids shares from today, as the stock price of the company skyrocketed by almost 164 percent yesterday after a suspicious dividend declaration. The Securities and Exchange Commission also formed a two-member probe committee to investigate into the abnormal

Women entrepreneurs also face massive corruption in course of pursuing their business, a survey conducted by Bangladesh Women Chamber of Commerce and Industry revealed. Finance minister MA Muhith expressed his utter disappointment as the new generation of women entrepreneurs in Bangladesh has not been spared by corrupt

Migration study shows The global economic crisis has affected Bangladeshi migrants in Italy deeply, forcing them to ask for money from home to make ends meet, said a research released in Dhaka yesterday. Many migrants, who left Bangladesh three to five years back by spending Tk 7-13 lakh, have not been able to settle in ... Read more

The Bangladesh Small and Cottage Industries Corpora-tion on Sunday launched a five-day quarterly exhibition at the BSCIC building in Dhaka. The design centre of the corporation is holding exhibition called Hemanta Mela. The industries minister, Dilip Barua, inaugurated the exhibition. He also distributed certificates

Bangladesh’s garment industry will be tallying a revised wage structure for the workers from Monday as declared by the government and factory owners’ organizations. Industry observers say the even after his or her minimum wage of has increased by 80 per cent in the new wage structure, a Bangladeshi garment worker would be receiving the

Listed companies with an eye on the yearend started announcing their third quarter earnings last week. The financial results of the institutions, especially banks and non-bank financial institutions (NBFIs), showed huge profit growth. Much of the growth came from stock investment. The growth in the earnings added excitement to the investors to rush for the ... Read more

The BCS ICT World, the biggest annual exposition of ICT products in the country, began at Bangabandhu International Conference Centre in the city Saturday. A huge number of people thronged the fair venue on the first day that coincided with weekly holiday. ‘About 10,000 people, mostly students, visited the fair on the opening day which ... Read more

Rahimafrooz Renewable Energy (RRE) has signed a memorandum of understanding with TATA BP Solar to set up a solar power plant in Bangladesh. Rahimafrooz will install the five-megawatt plant on 20 acres at a cost of $25 million. RRE Managing Director Munawar Misbah Moin and TATA BP Solar Managing Director

The Hongkong and Shanghai Banking Corporation launches today personal internet banking service in the country. The service will offer the most convenient and secured banking experience to resident and non-resident customers of HSBC, Bangladesh, said a

Mobile phone operator Robi Axiata Limited and Dhaka WASA signed an agreement in Dhaka on Thursday to facilitate payment of water and sewerage bill. Robi managing director and chief executive officer Michael Kuehner and Dhaka WASA managing director Taqsem A Khan inked the agreement at a local hotel, said a

Price of potato increased by nearly 50 per cent just in a week as a section of cold storage owners and hoarders manipulated supply, market sources said. They said hoarders were cashing on the fear that supply of early harvested potato would be very poor due to untimely rains during depression in the Bay two ... Read more

Yunus emphasises efforts to reach out to the poor through social business and technology The advanced world of technology should open its doors to social business to solve some crucial problems facing the poor, Nobel laureate Muhammad Yunus said yesterday. The technology-packed times of today see only moneymaking initiatives, he said. “But the same technologies ... Read more

The daily turnover and the key indices of the Dhaka and Chittagong bourses hit their all-time highs on Thursday as the markets witnessed buying frenzy amid sharp rises in the prices of securities in recent weeks, market operators said. The daily turnover at Dhaka Stock Exchange hit Tk 2,945.37 crore, up by 401.82

M Anis Ud Dowla, chairman of ACI Formulations, was elected chairman of the Bangladesh Crop Protection Association at its 30th annual general meeting on October 24 at Westin in Dhaka, said a news release. MA Momin Mazumder of Bayer Crop Science was elected vice-chairman, MA Khair of Blessing Agrovet Industries general secretary, Md Tofiqul Islam ... Read more

Muhammad Ali joined Social Islami Bank Limited as managing director on Thursday. Prior to his joining the bank, he was managing director of Shahjalal Islami Bank Limited, said a news release. Ali started his banking career as probationary officer in Sonali Bank Limited in

Standard Chartered Bank recently relocated its Uttara booth to the ground floor of Update Tower at Shahjalal Avenue at Uttara Model Town in Dhaka. Standard Chartered Bangladesh chief executive officer Jim McCabe, retail distribution regional head Jaydeep Gupta and Bangladesh, Nepal and Sri Lanka consumer banking head

The Premier Bank Limited opened two WASA bill collection booths- one on Darus Salam Road at Mirpur and another at Shahjalal Avenue at Uttara in Dhaka on Wednesday. Dhaka WASA managing director Md Tuksim A Khan and deputy managing director Syed Golum Ahmed inaugurated the Mirpur and Uttara WASA booths respectively as chief guests, said

Abdur Rahim Chowdhury, a Bangladeshi professor of economics at Marquette University, has been appointed to the Federal Reserve Bank of Chicago’s Academic Advisory Council, the university said. Chowdhury, who is the chairman of Milwaukee based Marquette’s College of Business Administration, will join more than a dozen other professors in the Chicago Fed’s district to provide