Business

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

ONE Bank Limited opened another ATM booth on CDA Avenue in Chittagong on Thursday. Managing director of the bank Farman R Chowdhury inaugurated the booth, said a news release. Businessman Younus Ahmed, ONE Bank senior executive vice-president and head of

NCC Bank Limited opened its 72nd branch with online facility at Madambibir Hat of Sitakunda in Chittagong recently. Chairman of the bank Yakub Ali Montu inaugurated the branch as chief guest, said a news release. Bank’s managing director and chief executive officer Mohammed Nurul Amin presided

Rupali Bank opened a model branch in Dhaka on Saturday with a vision of turning the loss-making public property into a profitable one. Bangladesh Bank governor Atiur Rahman inaugurated the branch at Gulshan in Dhaka, expressing hope that this step would encourage the revitalisation of other public and

The minimum wage board for setting the salary of garment workers has so far received 365 objections and recommendations both from owners and workers. Chairman of the board Ikteder Ahmed said the owners submitted 343 and the workers and their representatives put forward 22 objections and recommendations

Prime Bank began the construction work of its multi-storey building ‘Prime Tower’ on Wednesday. Bank’s chairman Azam J Chowdhury inaugurated the work and laid the foundation stone as chief guest, said a news release. Prime Bank vice-chairperson Quazi Sirazul Islam, executive committee chairman

The government has embarked upon a plan to manufacture three-wheeler CNG-driven auto- rickshaws at home aimed at replacing the city’s non-motorised rickshaws. The ministry of industries took a nine-year project involving initial Tk 26.84 million to manufacture the passenger vehicle by using local expertise and

Jute farmers of Jhenaidah are enjoying an upbeat year as jute fibres are being sold at better prices this year in the district. Better yield and price have made the farmers happy. Jute sticks are also being sold at good prices, farmers said

Nobel laureate Prof Muhammad Yunus has called upon the world leaders to use the power of the youth, technology and social business to help achieve millennium development goals (MDGs) in all countries. “We cannot take the chance to let the MDGs fail in any country,” he told a gathering on the sidelines of United Nations ... Read more

Bangladesh Association of Software and Information Services will hold the ‘US-Bangladesh Technology Summit’ in New York on October 13, 2010, to attract non-resident Bangladeshi professionals and entrepreneurs to invest in Bangladesh as well as provide technological support to the country. BASIS president Mahboob Zaman said finance minister AMA Muhith was expected to

A newly formed company, Green Energy Management Services (GEMS), will support mobile operators in Bangladesh to use energy-efficient technology to cope with the mounted energy crisis and make a green environment. The organisation is a joint venture between ACME Tele Power Ltd of India and

The election of the Narsingdi district Chamber of Commerce and Industry was held at the hall room of the chamber office at Bilashdi in the Narsingdi town on Thursday. AK Fazlul Haque was elected president and Md Ruhul Amin senior vice-president and MA Halim vice-president of the trade

NCC Bank Limited opened its 71st branch with online facility at Aman Bazar at Hathazari in Chittagong on Wednesday. The chairman of the bank, Yakub Ali Montu, inaugurated the branch as chief guest, said a news release. Bank’s managing director and chief executive officer Mohammed Nurul Amin presided over the

United Airways, the sole aviation company in the capital market, has purchased one airbus A-310/325 and three ATR aircraft. The aircraft will be deployed for flights on international and domestic routes, according to a post on the Dhaka Stock Exchange’s web site on