Business

Bangladesh has sought assistance from the Asian Development Bank (ADB) to generate 500 megawatts of solar power by 2012. This was disclosed by Dr Tawfiq-e-Elahi Chowdhury, the prime minister’s adviser for energy, at a

The much talked about international trade fair organised by Sylhet Chamber of Commerce and Industries (SCCI), finally started on Wednesday. Commerce Minister Faruk Khan formally inaugurated the Sylhet 12th international trade fair.  In the inauguration speech as chief guest, Faruk said government is conscious about the price

Nationwide Telecommunication Transmission Network (NTTN) service provider Summit Communications Limited has signed agreement with 12 ISPs at Hotel Westin yesterday. The agreements would provide the ISP companies access to Summit’s underground fiber optics

Concord Engineers and Construction Ltd has won the International Quality BID Award at the 24th International Quality Summit in New York recently, a news bulletin said. The International Quality Summit is part of the annual programme of Business Initiative Directions

Banglalink and the Bangladesh Parjartan Corporation (BPC) renewed their partnership on Tuesday at an MOU signing ceremony in the city. Present for the signing were Md. Keramat Ali Khan, general manager, Marketing, BPC and Mohamed Osman,

For the first time, Huawei Technologies Ltd has grabbed the 397th place on the list of Fortune Global 500 companies by revenue. The new tally, published on July 9 by the US-based magazine, ranked Huawei with annual sales of $21.8 billion

Rumours on a possible tightening of share credit and price earnings (PE) ratio shook up share trading yesterday, leading stocks to fall. The benchmark index of the Dhaka Stock Exchange — DSE General Index — declined 76.17 points, or

Rahimafrooz, the pioneer in producing industrial batteries, solar power and IPS (instant power system) in the country. During October-June last fiscal year Rahimafrooz Globatt Ltd exported 1.75 lakh pieces of car batteries worth $5.5 million. The company is a flagship project under Rahimafrooz’s global expansion plan. The batteries were exported to 12 countries, including all ... Read more

The Dhaka Chamber of Commerce and Industry (DCCI) won the 4th Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) Award in the Big Chamber category on July 6, 2010. This was disclosed at a DCCI press conference at its office in Motijhil in the city yesterday. DCCI President Abul Kasem Khan received the award ... Read more

Farman R Chowdhury was re-appointed the managing director of ONE Bank Limited for three years with effect from Saturday. Farman completed his first three-year term as the managing director of the bank on Friday, said a news release. He has been associated with the bank since its inception in 1999. He was the first manager ... Read more

Citycell has started a campus activation program for Zoom Ultra called “Ultra Buzz,” at different universities across the nation. Zoom Ultra has kicked off its “Ultra Buzz” activation campaign in Dhaka University, Rajshahi University and University of Science and Technology of Chittagong recently. A live Internet based quiz competition was held on the

Bank Asia opened 5th Islamic Banking Window at Sylhet Uposhohor branch on Thursday. The new window focusing on Shariah-based banking operation will strive to cater the growing demands of the clients in the locality. Mohd Safwan Choudhury, vice-chairman of the bank, formally opened the window as chief

The Board of Directcs of ONE Bank Ltd has re-elected Zahur Ullah as its Chairman for another term of one year from July 5 this year. The Board has also re-elected Farzana Chowdhury as its Vice Chairperson for the same term. Zahur Ullah obtained his B.Com (Hons) in Finance from Dhaka University in 1979. He ... Read more

Stocks ended higher yesterday, riding on the hopes of attractive dividends from better half-yearly earnings of life insurers and non-bank financial institutions. The market posted gains a day after the regulator asked participants, such as brokers and merchant banks, to abide by the rules in sanctioning margin

Bangladesh, which is eyeing increasing remittance flow through exploring new labour markets in the coming days, may face stiff challenges unless it ensures sending of skilled workers abroad, an expert says. “One of the most important challenges that lie ahead for Bangladesh, as a labour sending country, is to enhance the

Banglalion WiMAX Plaza was launched in Sylhet on Monday. The Sylhet mayor, Badar Uddin Ahmed Kamran, inaugurated the WiMAX Plaza in the afternoon at Manru Shopping City at Chowhatta in the city as chief guest. Speaking on the occasion, the mayor said development of information technology would speed up the country’s

The largest shopping mall in Chittagong, Akhteruzzaman Centre, opens today. The 16-storey mall with central air-conditioning facility is built on more than 1.5 bighas of land at Agrabad-Badamtali intersection in the port city. The mall houses 220 shops on the first ten floors, said Kutubuddin Chowdhury,

DGEN hits new high Stocks jumped more than 2 percent yesterday, as enthusiasm created by banks’ robust half-yearly operating profit rippled other sectors. The banking stocks apart, other sectors, especially the non-bank financial institutions, also

Dhaka Bank Ltd celebrated its 15th anniversary yesterday, said a press statement. “Dhaka Bank has passed 15 years of operations successfully because of the relentless effort and hard work of its employees. We are committed to providing better services to our customers,”

A three-day international tourism fair will begin in Sylhet on Thursday. The Bangladesh Monitor, a travel publication, will organise the ‘Sylhet Travel Mart-2010’ on July 8-10 at the United Centre at Dhopa Dighir Par. The fair, the first of its kind in Sylhet, will remain