Business

Dhaka stocks edged down last week, as profit-booking sales and a price fall in the telecom sector shadowed the market. The benchmark index of Dhaka Stock Exchange — DSE General Index — fell 36.17 points, or 0.58 percent, to 6,153.68. Many investors, including institutions, booked profit ahead of the half-yearly

The operating profit of the private commercial banks increased by nearly 60 per cent in the last six months compared to the profit made during the previous six month period, official sources said. The 2010 half yearly report of the banks show that profits of different banks increased by 33 to 60

Rajat Kumar Gupta became chairman of the International Chamber of Commerce and Industry while Stephen K Green was elected as vice chairman on Thursday. The new leaders were elected by ICC’s World Council during its meeting in Hong Kong, where 80 of ICC’s business members from 45 countries participated, said a

Bank Alfalah Ltd. has signed an MOU recently and handed over a cheque to the Shabab Murshid Development Foundation – a non profit organisation for development, research and cultural learning focusing the rights of children and youth, and has been working since 2005 in Bangladesh to

Dhaka Bank Limited recently joined omnibus, a platform of shared automated teller machine and point of sales networks led by BRAC Bank Limited. BRAC Bank managing director and chief executive officer Syed Mahbubur Rahman and Dhaka Bank managing director Khondker Fazle Rashid signed an agreement in the city in this connection,

The stockmarket regulator has imposed an additional Tk 200 in annual maintenance fee on each beneficiary owner (BO) account. The decision effective from July takes the total annual maintenance fee to Tk 500. The Securities and Exchange Commission (SEC) took the decision at a meeting yesterday in a bid to

United Commercial Bank Limited, one of the oldest private banks in the country, celebrated its 27th anniversary on Tuesday. Officials of the bank, in a press meet in the city’s Sheraton Hotel, asserted that the institution was looking forward to expand its financial activities in the coming

Marico Bangladesh Ltd (MBL) has unveiled a new hair care product for the Bangladeshi beauty conscious women recently in Dhaka. MBL, a subsidiary of the Indian leading skin and hair care conglomerate, started operation in Bangladesh in 2002, acquiring Arometic and Camelia branded

AmCham luncheon meeting told The government’s recent move to bring changes to the telecom laws is sending a wrong signal to foreign investors about the investment climate in the country, said a member of American Chamber of Commerce (AmCham) in Bangladesh yesterday. Telecom is the most vibrant sector, which alone attracted the highest amount of ... Read more

Bata reopened its outlet on the New Elephant Road in Dhaka recently. Bata emerging market (west) managing director F Garcia inaugurated the store, said a news release. Managing director Rajeev Gopalakrishnan, business development consultant MA Quader, retail

Apple sold more than 1.7 mn new iPhones in the product’s first three days on the market, the California gadget maker said yesterday after its most successful launch ever. The iPhone 4, which features video calling, a crisper resolution screen and the ability to shoot and edit high-definition

Bank Asia opened its 10th SME service centre at Oxygen Circle in Chittagong on Thursday. President and managing director of the bank Erfanuddin Ahmed inaugurated the centre, said a news release. Bank’s deputy managing director SM Khorshed Alam and senior executive vice-president

Butterfly Marketing Ltd signed a contract with ATN Bangla to sponsor a cooking programme of the television channel in Dhaka on Sunday. Chairman and managing director of Butterfly Marketing MA Mannan and adviser (marketing and sales)

Tech Valley Networks Limited recently organised a function to celebrate the achieving of Cisco silver certified partnership at a hotel in Dhaka. TVNL chairman Asif Mahmood delivered the welcome speech at the function and managing director Mamonoor Rashid Shamim gave a presentation, said a

KFC, an international chain restaurant franchised by Transcom Foods in Bangladesh, has added two new items to its menu to delight food lovers. The first item — Tower Zinger Burger — is a “colossal version” of its regular Zinger Burger, while the second — Spicy Thai Rice — is a steamy plate of spicy savour, ... Read more

Nurul Alam Chowdhury has joined Social Islami Bank Limited as Deputy Managing Director. Prior to this he was the Additional managing director of Primeir BankLtd, says a press release. Chowdhury started his banking career in the then State Bank of Pakistan. Thereafter, he served in various

Bank Asia has elected Safwan Choudhury and Mohammed Lakiotullah as its vice-chairmen, the bank said in a statement yesterday. The election was held at the bank’s board meeting on Wednesday. Choudhury, a former president of Sylhet Chamber of Commerce and Industry, is also the senior

Walton has been crowned ‘Best Seller Award’ for its overwhelming sales performance in recently-held ‘Digital TV Expo-2010’ in the city organized by Event management firm EventPro. Leading brands and companies from home and abroad having digital display technology participated in this

Six mobile operators plan to seek judicial intervention as the last resort to preventing the upcoming telecom law, which they say will create a setback for the industry. However, the top brasses of these operators said they hope the government will not pass the law that is ‘unfriendly’ to the growing telecom and ICT sector, ... Read more

Emirates Airlines has introduced a new web-based mobile flight-booking system in Bangladesh, the company said in a statement yesterday. To facilitate this service, the air giant opened a new website: Mobile Emirates.com. Customers can easily book flights and access any other relevant information through this website