Business

Corporate News AB Bank celebrates 28th anniversary AB Bank, the first private sector commercial bank of the country, celebrated its 28th founding anniversary on Sunday. All of its 77 domestic branches drew up simultaneous programmes to observe the day in a befitting manner. Qur’an Khwani and prayer sessions were held at

Gulf Air, the national carrier of Bahrain, touched 60 years of operations on March 24, the airline said in a statement. The airline’s first flight, an Avro Anson seven-seater aircraft, took off from Bahrain to Sharjah via Doha in 1950. The fare was Rs130 (single) and Rs220 (return) at

CoolExpo-2010, an exposition of cooling products and services both for home and industrial users, is going to be held for the first time in the country in April 23-24. EventPro, a local event management firm, will organise the first such exposition at Dhaka Sheraton Hotel to give people a touch of cool feeling in the

Standard Chartered Bank signed a microfinance facility agreement on Monday with Thengamara Mohila Sabuj Sangha, a microfinance institution. Under this financing arrangement, StanChart will disburse Tk 350 million to TMSS which will be directed towards growth of their microfinance portfolio,

Industrial and Infrastructure Development Finance Company (IIDFC) Ltd yesterday signed a deal with India’s National Small Industries Corporation (NSIC) Ltd to get technical support to help set up the first private sector ICT village in Bangladesh. Also, IIDFC, a non-bank financial institution, plans to provide financial support to ICT

An interactive, colourful and international standard four-day fair, “BCS Digital Expo- 2010 and ASOCIO multilateral Trade Visit” will begin at Dhaka Sheraton Hotel tomorrow. Prime Minister Sheikh Hasina is expected to inaugurate the fair, organised by Bangladesh Computer Society (BCS) at the

Bangladesh Post Office (BPO) signed an agreement with Banglalink, the country’s 2nd largest mobile operator. As per the agreement, Banglalink, through its cellular network, will facilitate the connectivity of 1,600 post office branches all over Bangladesh becoming the exclusive network service provider for

The government is receiving Taka 3 crore additional revenue every day with the BTRC (Bangladesh Tele Regulatory Commission) measures to ban illegal use of VOIP (Voice over Internet Protocol). A report of the Post and Telecommunication Ministry shows that the revenue of the government from

The Bangladesh Bank gets solar power today to shed power crisis with the renewable and green energy resource. The BB governor, Atiur Rahman, will inaugurate the solar power system at 11:00am at the central bank’s headquarters in the city. The solar power system will generate 8 kilowatt of electricity, well enough to keep the energy

The cultivation of strawberry has been gaining popularity among the farmers of the district as it is very profitable. Department of Agricultural Extension has continuing motivational campaign at farmers level to cultivate it on a large scale as it has become one of the most

Aktel, one of the country’s top mobile phone brands, took its new name—Robi—meaning the sun, with effect from the dawn of Sunday when it also unveiled a new logo for the company at a colourful ceremony at the capital’s Suhrawardi Uddyan. Aktel will henceforth be known as Robi, underlining the rich, vibrant culture and heritage ... Read more

The six-day National Furniture Fair will begin at the Bangabandhu International Conference Centre tomorrow with an aim to promote local household and office furniture. The Bangladesh Furniture Industries Owners’ Association has organised the eighth version of the fair, where 70 leading furniture manufacturers of the

Emirates is to add another A380 to its London Heathrow route from 1st July this year, making the popular superjumbo experience more widely available to passengers. The airline brought its own brand of double-decker, equipped with an Onboard Lounge and Shower Spas, to the British capital in

Dutch-Bangla Bank Limited has declared bonus share at 33.33 per cent i.e. 01 (one) bonus share for existing every 03 (three) ordinary shares of Taka 100 each for its shareholders for the year 2009. The dividend was declared at the 14th Annual General Meeting (AGM) of the Bank held recently at

The nursery business has lready cast a very positive impact on the rural economy in terms of poverty alleviation and women empowerment as well as improving environment in the country’s northern region in recent years. Official sources and concerned experts said that the nursery business has now become one of

More reconditioned car buyers come from different districts Reconditioned cars sales have grown 43 percent in 2009 mainly because of the increased purchasing power of landowners on the outskirts of Dhaka. Industry people said district-level middle-income groups — mostly remittance earners, real estate managers and government bank executives — contributed to

The Teknaf-Tetulia roadshow aimed mainly at raising awareness against money laundering starts today in Cox’s Bazar. Governor of Bangladesh Bank Atiur Rahman is expected to inaugurate the eight-day roadshow on the premises of Teknaf branch of AB Bank Friday morning. Bangladesh Bank, in cooperation with 37 other banks and the Small and Medium Enterprise

The Rural Electrification Board is receiving almost half the supply of daily demand for about 2,500MW power in rural areas, said the REB chairman yesterday. The result is, the erratic supply of electricity affects irrigation during the current boro rice

Shareholders of Prime Bank Limited approved the Financial Statement of the Bank for the year 2009 and declared 30per cent Stock Dividend,10per cent Cash Dividend and also took a special resolution to offer one Right Share against 4 (Four) Ordinary Shares (i.e. 1R:4) at a premium of Tk.200/- against each share in the

Warid Telecom has signed separate deals with Bangladesh Telecommuni-cations Company Ltd (BTCL) and Teletalk to share infrastructure among each other. The operators will share BTS, transmission equipment, transmission bandwidth, space, towers, poles, power, generator and optical fibre lines, Warid said in a