Business

Md Asraful Islam, a farmer of Gohangachhi village of Dinajpur Sadar upazila, recalls life before cell phones with no fondness. He had to travel for his seeds, to the market and for meetings with local officials on policies and pesticide use. It was slow and unpredictable. “Before using a cell phone, I had to move ... Read more

Bata now looks to expand business, setting up more ‘large format stores’ countrywide in the next few years, as officials of the multinational shoemaker said. “We’re looking to set up 15 more retail outlets in Dhaka by the year-end,” Rajeev Gopalakrishnan, Bata’s managing director for Bangladesh, told a

A three-day fair with a focus on green trade, environment and eco-tourism starts tomorrow. The fair to be held at Bangabandhu International Conference Centre will pull in 70 organisations from nine countries, including Australia, Sweden and Denmark. MA Hakim, chairman of the fair organising committee, said the purpose of organising

Standard Chartered Bank, Bangladesh, has received ‘Asia’s Best Brand Award’ among banking and financial services providers, presented by CMO Asia Awards for excellence in branding and marketing, said a news release. The CMO Asia Awards are first of its kind accolades recognising organisations, chief marketing officers and professionals who have shown leadership in building brands ... Read more

The Securities and Exchange Commission (SEC) last week has recommended for relaxing the IPO (initial public offer) rules to encourage non-listed companies to go public. The Consultative Committee of the SEC in a meeting observed that any company with at least Tk 25 crore in paid-up capital, including the IPO offer size, should be allowed ... Read more

Bangladesh’s largest private carrier GMG Airlines expanded its footprint in Kingdom of Saudi Arabia (KSA) by launching flights from Dhaka to Jeddah on August 8. The respective civil aviation authorities of the two countries have given GMG Airlines permission to operate 10 flights per week. GMG Airlines will operate six flights from Dhaka to Jeddah ... Read more

A parliamentary watchdog on Sunday asked the authorities concerned to set realistic export targets for Bangladeshi missions abroad as the existing system of fixing yearly export goals appeared unreasonable. Our missions abroad frequently fail to achieve their targets as no study is done before

Grameenphone led yesterday’s rally on the premier bourse, as stocks soared 1.5 percent for a second day of strong gains. The benchmark index of the Dhaka Stock Exchange — DSE General Index — jumped 94 points to 6,436. Grameenphone, the sole constituent in the telecom sector, rose nearly 50 points based in

Benchmark attracts leading brands in Nepal, fights Indian majors Local advertising and brand solution provider Benchmark has started a full-fledged subsidiary company in Nepal marking Bangladeshi advertising industry’s step into the age of going global. ‘TBWA\Benchmark Communication Nepal has started its full-fledged operation from early

Marking a milestone in the shipbuilding industry, Western Marine Shipyard Ltd has rolled out two ice-class vessels. “These are specially designed vessels,” said Md Saiful Islam, chairman of Western Marine. Ice-class ships have strengthened hulls to enable them to navigate through

Metal Plus Ltd Tuesday launched an Indian brand of diesel generator, Eicher Engines, in Dhaka. The generator features include low fuel consumption and a 250-litre tank, for a continuous run time of up to 2,500 hours. The generator has one-year warranty with ready availability of spares and

Beximco Group vice-chairman Salman F Rahman has been unanimously elected as the IFIC Bank chairman at an emergency board meeting held on Monday. He is also a sponsor shareholder of the bank, said a

Shah Masud Imam, will be heading Standard Chartered Bank’s Human Resources function in Bangladesh with effect from August 1. Imam has been with the bank for the last five years in various senior roles, most recently as

BRAC Bank opened a new branch at North Gulshan in the city on Tuesday. BRAC founder and chairperson Fazle Hasan Abed inaugurated branch in presence of the bank’s chairman, Muhammad A (Rumee) Ali, said

City Bank American Express Lounge was launched at Hazrat Shahajalal International Airport on Tuesday. The lounge, to be managed by Dhaka Sheraton Hotel, will cater the American Express Gold Credit Card members provided facilities like complementary food and beverage and Wi-Fi internet access and other

Clients of banks will get their cheques cleared within one working day as automated clearing houses will be introduced across the country on November 1 and machine-readable cheques will be in place by the time. The traditional cheques take at least three days to be

A three-day bank and financial institutions fair begins at Dhaka Sheraton Hotel in the city on Thursday. Dhaka Sheraton Hotel will organise the fair, said the officials on Monday. At a news conference at the hotel, the officials said 26 banks and financial institutions had

Samsung yesterday came up with two new smartphones. The sets — Samsung Galaxy S and Samsung Wave — are priced at Tk 46,900 and Tk 32,500. Users will experience better mobile usage through the 4″ WVGA Super AMOLED display in Galaxy S, said Kanghyun Lee, managing director of

Tailoring shop owners said the nearly four-fold increase in the value added tax on their income is set to ruin the industry already facing disparate competition from the increased sales of low-price readymade clothes trickled out of export oriented garments

Power crisis hindering economic growth: BB governor Bangladesh Bank governor Atiur Rahman on Saturday said power and energy crisis was creating obstacle on the way of targeted economic growth of the country. The country can achieve two per cent more economic growth if sufficient energy and