Business

The jute and textile ministry has sought the Cabinet Committee on Economic Affairs’ nod to exclude the Rajshahi Silk Factory from Privatisation Commission’s list because it wants to reopen it under the Bangladesh Sericulture Board. ‘We have recently sent a proposal to the economic affairs committee to remove the

Atiur says regulations on cards for the financiers Microcredit Regulatory Authority (MRA) will soon frame regulations specifying the interest rates the country’s hundreds of micro-finance organisations will be able to charge, its chairman Atiur Rahman said yesterday. “Bangladesh is the only country with a regulatory authority to regulate the sector and there is scope for improvement,” ... Read more

The state-owned Bangladesh Tea Board (BTB) is planning to produce genetically engineered winter-friendly tea plant in the country for raising the yield in a bid to meet the growing demand for tea, said officials. In this regard, BTB reached an understanding with the departments of botany and genetic engineering of Chittagong University recently to jointly ... Read more

The minimum wage board yesterday failed to reach a consensus on whether to increase the pay for four grades in the proposed new salary structure. Ikteder Ahmed, chairman of the minimum wage board, said garment workers and their representatives submitted a set of objections and recommendations on the

Former finance secretary Zakir Ahmed Khan joined Southeast Bank as adviser recently, according to a press statement. During his 38 years of public service, Khan held various senior level positions in the ministries of finance, commerce, establishment, energy, civil aviation and tourism, cabinet division and

Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh has recently appointed Bashar M Tareq as global markets director, says a statement. Tareq will also join the bank’s management committee in Bangladesh. A certified treasury professional from the Graduate School of Business at Melbourne University,

Bangladesh’s leading Shipbuilding Company Western Marine Shipyard Ltd on Thursday announced that it had won a contract to build a passenger ferry for a Danish company. The announcement, which was made during the visit of Royal Danish Embassy to Bangladesh Svend Olling in Shipyard is a big triumph for country’s emerging shipbuilding sector as it ... Read more

The government should provide IT training to the rural women, particularly working in the agriculture sector, a former caretaker government adviser said yesterday. “They should get opportunities so they can make their own fortune,” said Rokia Afzal Rahman. She was speaking at a certificate giving ceremony of ‘Beautification and Beauty Parlour

British American Tobacco Bangladesh has joined hands with the Institute of Business Administration (IBA) of Dhaka University to help develop talents in the country. As part of the initiative, BAT Bangladesh has supported IBA’s efforts to renovate some infrastructures in the business school, said a

The SME Foundation yesterday launched its paperless office in an effort to cut costs, increase productivity and provide better services to stakeholders. Md Abdul Karim, principal secretary to the prime minister, announced the launch of the new office from a ceremony at Sonargaon Hotel in

EBL Bangladesh Travel and Tourism Festival pulled in a large number of visitors on the first day. Tour Operators Association of Bangladesh organised the three-day fair in collaboration with Eastern Bank at Banga-bandhu International Conference Centre. Civil Aviation and Tourism Minister GM Quader inaugurated the event as

A study measuring the risks organisations face with recruitment, employment and relocation in 90 cities worldwide gave Dhaka the highest score of 90 countries — but it’s nothing to brag about. It means Dhaka is the worst city for multinational employers who need to relocate workers, according to a new global study from Aon Consulting, ... Read more

South Korea has shown renewed interest in employing Bangladeshi workers following a new measure by the Bangladesh authorities that will restrict illegal labour movement once they are employed in that country. Expatriates’ Welfare and Overseas Employment minister Khandaker Mosharraf Hossain on Wednesday told reporters of the new development at his Secretariat office following a meeting with

GMG Airlines will float shares in the capital market by November this year. Chairman of the private carrier Shayan F Rahman made the disclosure at the 13th annual general meeting of the company in Dhaka on Wednesday, said a news release. The airline, majority of which is owned by Beximco Group, made a profit of ... Read more

A five-member team from United International University, UIU-4Dimension, won the second Citi Financial IT Case Competition held in Dhaka yesterday. The team that finished first among 11 that qualified for the final round was awarded for its business software project, PRO-BIZ

The third Barista Lavazza Coffee Shop began its operation at Gulshan in the city on Wednesday. Deputy head of the Italian embassy in Dhaka, Edmondo Falconi, inaugurated the latest outlet of the Italian coffee chain, which has several thousands of shops in 80 countries. Besides coffee with diversified tastes, Barista has been designed to serve ... Read more

Mutual Trust Bank on Wednesday opened a new SME/agri branch at Haiderganj Bazar in Lakshmipur. Bank’ deputy managing director Md Hashem Chowdhury inaugurated the branch, said a news release. MTB Chittagong region head Mohammad Ali Chowdhury, SME banking division head Mohammad Iqbal, Haiderganj SME/agri branch manager Muhammed Abdus Shahid were

Import and sales of reconditioned cars, which make more than 80 per cent of the country’s privately-owned automobiles, have declined by more than 50 per cent in the past three months, dealers said. Procurement data of used cars from Japan in the first month of the current fiscal year showed that the import was the ... Read more

Indian textile maker Arvind will set up a denim manufacturing plant in Bangladesh with an investment of $66 million over three years, officials in Bangladesh said yesterday. The Indian company has signed an agreement with the local Nitol Group in Dhaka on Sunday to invest in Comilla Export Processing Zone for producing exportable denim fabrics ... Read more

PURNAVA Limited, a manufacturer of non-medicated healthcare products, has introduced OMEGA-3 or O3 eggs this month to add value to the country’s nutrition deficiency. Flaxseed, linseed and fish oils have enriched such egg, common in developed countries but it is for the first time it has been marketed in