Business

During this holy month of Ramzan, Standard Chartered Bank has introduced an exclusive 3pc cash back offer for their Credit Cardholders. Under this offer, the Credit Cardholders will get cash refund on their retail transactions by fulfilling a few simple criteria. Overseas transactions as well as the transactions made by the supplementary cardholders will also ... Read more

The National Board of Revenue will spend nearly Tk 3 crore on awareness campaign for increasing tax collection. The fund, allocated in the annual budget will be spent mainly for campaign on electronic media during the month of September, sources in the NBR

Johny Textile Mills has been in the Eid market with variety of its Eid releases in sarees, three-pieces, lungis and printed fabrics including voile, poplin etc. at reasonable prices. One of their main brands of cotton print sarees is the Johny Style World Saree which includes Exclusive, Kamalika, Diagold, Ranguly

Beximco Textiles plans to purchase a 50 percent stake in a power generation company. The industrial unit of Beximco Group, commonly known as Bextex, will buy 35 lakh shares of Northern Power Solution Ltd, according to a posting on the Dhaka Stock Exchange website yesterday. The purchase will cost Tk 100 each, totalling Tk 35

Sadharan Bima Corporation (SBC) earned a net profit of Tk. 1015m in 2009 which was Tk. 241.30 million more than that of the previous year. In 2008 the net profit was Tk. 773.70 million. The growth rate of the profit of the Corporation was 31.190pc. In 2009 the total premium income of the Corporation was ... Read more

Aftab Bahumukhi Farms Limited, a sister concern of Islam Group, has received the Rising Star Supplier Award as a supplier of international quality chicken and further processed poultry supplier for KFC. Transcom Foods’ executive director Akku Chowdhury handed over the crest and a certificate on behalf of Yum India Pvt Ltd to the Aftab Bahumukhi ... Read more

Rahimafrooz Distri-bution Limited launched its first exclusive electronics showroom at Banghabanbhu National Stadium in Dhaka on Tuesday. Rahimafrooz Distri-bution managing direc- tor Mudassir Murtaza Moin inaugurated the showroom, said a news

The stockmarket regulator yesterday approved IPO prospectuses of two new firms. Modern Poly Industries Ltd, a concern of business conglomerate TK Group, will float three crore ordinary shares of Tk 10 each using the book building method, a modern pricing mechanism for initial public offering (IPO). The indicative price of each Modern Poly share has ... Read more

Bangladesh’s Second National Strategy for Accelerated Poverty Reduction (NSAPR II) has given high priority to strengthen local level accountability and governance with strong community participation and oversight. The World Bank’s new Country Assistance Strategy also recognizes the importance of local governance. The Bank will build on Government’s commitment to

The Vice-Chancellor of Green University of Bangladesh (Former VC of Dhaka University) has recently left Dhaka for Canada to exchange students with different Universities of Canada and to examine feasibilities of joint collaboration in the field of higher education and research. During his visit, Prof. Chowdhury will sign in a preliminary agreement with University of ... Read more

Md Zahurul Alam joined the Dhaka Stock Exchange as chief operating officer Monday, says a statement. Alam, a former brigadier general of Bangladesh Army, has been serving the bourse as a director, before the new appointment, since

Bangladesh Government on Monday signed two credit agreements totaling $157m for the ‘Empowerment and Livelihood Improvement Project, known as the Notun Jibon Project, and additional financing for the on-going Municipal Services Project. The agreement was signed at the Economic Relations Division. M. Musharraf Hossain Bhuiyan, Secretary, Economic Relations Division and

A six-day expo to display products made by Bangladeshi and Pakistani women entrepreneurs began in Dhaka yesterday. The expo, DOSTI-WETEX 2010, is taking place at Bangabandhu International Conference Centre. Shirin Sharmin Chaudhury, state minister of the women and children affairs ministry,

The government’s decision to allow businesses countrywide to keep open throughout nights after Ramadan 15 may turn fruitless unless some terms and conditions are relaxed, some shop owners have said. Only when the condition to keep the air coolers in shops inoperative, such whole night business might be effective, they

Real estate developer Rangs Properties Ltd (RPL) has offered value-added services with the apartments in its new project, Garden Square, under an Eid promotional offer. The offer includes options like fitted kitchen with kitchen hood and cabinet, lighting fixtures, built-in bedroom cabinets and room air-coolers, said a

Fashion designers this year appear to betting on past traditions in terms of making Eid clothes for girls. Different boutique shops have been keeping the old-fashioned semi-long Kameez as a new trend, instead of the short ones, for girls in this Eid. Well known fashion houses like Aarong, Nipun, Bunan, Banglar Mela, OG, Anjans are

The government of Bangladesh could save millions in goods, public works and services with a secure electronic procurement system, the World Bank country director said Sunday at a meeting that unveiled draft guidelines for e-procurement. Online bids for the $3 billion the government spends annually on supplies and contracts

The telecom regulator will introduce guidelines to set the spectrum price per mega hertz (MHz) for telecom, internet and other operators. However, spectrum-based service providers oppose such a change, as they now pay only the yearly spectrum fees. Under the new move, the regulator will impose new prices on per MHz spectrum

The number of mobile phone subscribers across the country surpassed six crore in July despite the mobile operators’ demand to the government for a cut in SIM taxes. The active mobile subscriber base reached 61.845 million at the end of July with the leading operator Grameenphone continuing to add large number of clients and state-run ... Read more

The 7th Women Entrepreneur Trade Expo (Dosti-WETEX) will be held from 24 to 29 this month at BICC in the city. State Minister for Women and Children Affairs Dr Shirin Sharmin Chaudhury is expected to inaugurate the Expo at Milkyway in BICC on August 24. A total of 120 women entrepreneurs from Bangladesh, Pakistan, India, ... Read more