Business

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

Golden Son Ltd will start marketing solar lights and computer casings from early next year. The company has already started producing light emitting diode (LED) modules for solar lights and central processing unit (CPU) casings for computers, said Belal Ahmed, managing director of Golden Son. “We will start marketing the LED modules and CPU casings ... Read more

Aftab Bahumukhi Farms Limited, a sister organisation of Islam Groups, has recently signed a memorandum of understanding with Yuan Longping High Tech Agriculture Company of China for technical cooperation on hybrid rice seeds. ABFL managing director Fazle Rahim Khan Shahriar and Yuan Longping general manager

Eastern Bank Ltd (EBL) yesterday unveiled a new Visa corporate card in Bangladesh. The EBL Visa corporate card is designed to make companies’ payments easier, said Mamoon Mahmood Shah, deputy managing director and head of consumer and SME banking of EBL. Card users will be able to handle their official and personal expenditures while travelling

Nokia has appointed Stephen Elop as president and chief executive officer, the handset maker said in a statement yesterday. Elop currently heads Microsoft’s Business Division. Before joining Microsoft, he held senior executive positions in a number of US-based public companies, including Juniper Networks,

Walton opened a showroom Al-Baraka Electro-nics at Tongi in Gazipur recently. Walton director Ilias Kanchan inaugurated the outlet at a ceremony, said a news release. Tongi municipality commissioner Sadek Ali, Walton marketing assistant director

Fariduddin Ahmed has joined AB Bank Limited as head of Islamic banking division. Before joining AB Bank, Fariduddin served as the managing director of Islami Bank Bangladesh Limited, said a news release. Fariduddin has 33 years of banking experience in various capacities mostly in

Mobile operator Citycell introduced ultraSMART, the latest in its mobile broadband packages, in the local market yesterday. The company’s new product among the Zoom broadband internet services is capable of offering voice, data and SMS services facility through one single handset at the same time, its

Korean venture firm Ocosmos’ collaboration with international giants Intel and AT&T has resulted in the development of a revolutionary new tiny computer. The device called “OCS1”, was unveiled at the Intel Developer Forum in San Francisco this week. It has a 4.8 inch screen slightly larger than the Samsung’s 4-inch smartphone Galaxy S and it

Ericsson went into an agreement with Telenor for more cost-efficient fixed voice production, said a statement. Ericsson will transform Telenor’s fixed network into one IP-based converged network (IMS), which will provide cost efficiency and prepare the ground for new revenue streams. Telenor secures a future-proof path to converge their mobile and fixed networks, while

Mega Builders managing director Murad Iqbal Chowdhury was elected general secretary of the Real Estate and Housing Association of Bangladesh at an executive committee meeting of the association at the REHAB secretariat in Dhaka on Thursday. Murad is also the joint secretary and fair standing committee chairman of

Structural Engineers Ltd and BRAC Bank signed an agreement recently. SEL deputy managing director AHM Zahirul Haque and BRAC Bank retail banking head Firoz Ahmed Khan signed the agreement, said a news release. As per the agreement, BRAC Bank ‘Apon Ghor’ clients will enjoy special benefits in

Banglalink, Agriculture Information Service and Access to Information Programme signed a memorandum of understanding recently. The partnership will allow Banglalink to be regarded as strategic ally of AIS or A2I and a part of any mobile integrated service, event and project in the agriculture sector, said a news