Business

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

Indian handset maker Micromax has set foot in Bangladesh by launching a series of mobile sets. Reach Distribution Ltd, a sister concern of Giant Group in Bangladesh, will distribute the handsets through more than 2,500 sales outlets. Micromax launched 12 models — nine GSM and three CDMA — priced between Tk 2,000 and

RB Group, an electronics maker, has moved to export refrigerators and other items to the US. “We have already registered a window office in the US to market our products,” RB Corporate Communications Director Mizanur Rahman told the news agency

 Hundreds of distressed females, who lived in utter miseries due to abject poverty some years back, are now changing their fate and achieving self-reliance by earning wages as plucking workers in the growing tea sector of Panchagarh. Because of the economic well being of the distressed women, the overall socio-economic

Dhaka stocks passed a bearish last week, mainly due to regulatory intervention in the market. The week-on-week benchmark index of Dhaka Stock Exchange — DSE General Index — declined 123 points, or 1.91 percent, to 6,309. Analysts said the market lost the momentum that prevailed the previous week, as the

A two-day exhibition titled Bangladesh Clothing Show 2010 will begin on September 27 in the United Kingdom with a view to expand the country’s apparel market. A key component of the exhibition will be to demonstrate Bangladesh suppliers’ active