Business

Daily turnover at Dhaka Stock Exchange (DSE) Tuesday hit its lowest in more than five months, as the investors remained cautious due to continuous price-sliding, caused by the regulators’ intervention. Turnover dropped 15.6 per cent to Tk 6.30 billion, the lowest since September 9, and the benchmark DSE General Index (DGEN) plunged

Unique Group, the owning company of Westin Dhaka, and Starwood Hotels and Resorts Worldwide signed a memorandum of understanding (MoU) yesterday to build three five-star hotels in the country. Mohammad Noor Ali, managing director of Unique Group, and Don Elliot, regional vice president of

Samsung Electronics yesterday launched GenoA, the newest member of the touch series mobile phones, at a function at Sonargaon Hotel in Dhaka. “The set is specially designed to tempt the youngsters aged between 15 to 35,” said KH Lee, managing director for Dhaka branch office of Samsung Electronics Co Ltd A presentation at the launch ... Read more

Citycell on Monday celebrated the International Women’s Day 2010 with its valued female customers Citycell honored its valued female customers who have spent significantly long tenure with the company through according reception to them at a city hotel on Monday.. Mehboob Chowdhury, CEO of Citycell atended the program while Citycell female

Excessive intervention by the regulator is resulting in continuous fall of index in the Dhaka Stock Exchange (DSE) resulting panic sale by the small investors, experts observed. The general index or DGEN yesterday saw 116 points or 2.07 per cent fall to end on 5486.43 points while the DSI index fell by 90 points or ... Read more

A three-day international tourism fair, Dhaka Travel Mart 2010, is set to begin in Dhaka on Thursday, said a press statement. GM Quader, civil aviation and tourism minister, is scheduled to inaugurate the fair to be held at Dhaka Sheraton Hotel. The Bangladesh Monitor, a travel and tourism publication, is organising the fair for a ... Read more

Bangladeshi businesswomen have come a long way overcoming social barriers to joining business in the past three decades or so, say many of them. Some of them have transformed themselves from housewives to entrepreneurs and even to business leaders, showing the way for a generation of female businesspeople to take

Citycell has launched Zoom™ Ultra, in Chittagong the fastest mobile internet in Bangladesh. On the eve of this occasion, Zoom™ Ultra Night was held at Chittagong Club on Thursday. The event was attended by top corporate executives, government officials, loyal Citycell customers and members of print and electronic media of

The RAK Ceramics (Bangladesh) Ltd has successfully completed the price discovery of its shares through bidding by Eligible Institutional Investors (EII) under the book- building method, the first of its kind in Bangladesh. IDLC Finance Ltd is the lead issue manager while BRAC EPL Investments Ltd is the joint

The government has set up 100 information and services centres at union parishads (UPs) in an effort to bring the country’s lowest tier of administration under an online networking system and link up to the information super highway by 2012. The number of such centres is likely to hit 1,000 by June and 2,000 by ... Read more

Post and Telecommunications Minister Raziuddin Ahmed Razu told the House yesterday that after the present government coming to power, the state-run Bangladesh Telecommunication Company Ltd (BTCL) was able to add 1.12 lakh more subscribers in the last one year till January 2010. Responding to a question raised by treasury bench member Mollah Jalal Uddin, the

With the mobile phone becoming effective in transferring money around the world, the stakeholders of the mobile banking eco-system need security and mutual trust to introduce the service in Bangladesh. A recent study predicts the number of money transactions through the mobile banking (m-banking) system will increase to 37 billion by

Mitshubishi Motors Corporation of Japan is going to get its Sedan car assembled in Bangladesh under joint venture with the state-run Progoti Industries Limited, as the famed carmaker tries to spread its wings wider. Besides, the Japanese firm would provide technical assistance for setting up factories for

Chittagong Stock Exchange Ltd. has become the first bourse of the country to launch the Book Building System, the mechanism of fair price discovery of shares. With the bidding for shares of Ocean Containers Ltd. (OCL), a local enterprise engaged in container business, CSE has pioneered the long waited

The Moghbazar branch of chain super shop Agora stepped into its sixth year Monday successfully providing shopping under one roof for the city dwellers. The chain-shop celebrated the fifth anniversary by cutting cake and handling over the prizes to

Bank Asia launched a new ATM booth in the city’s Pathapath area on Sunday. Erfanuddin Ahmed, president and managing director of the bank formally opened the booth at a simple ceremony held on DH Tower premise. SM Khorshed Alam, deputy managing director and other senior executives of the Bank, among

The government’s dependence on bank borrowing has reduced substantially largely because of the fact that it could not utilise much of the projected allocation for implementing the annual development programme. On the other hand, the government has paid back a large part of the bank borrowings it had

Institutional bidding for the shares of Ocean Containers Ltd (OCL), an off-dock service provider, will begin tomorrow under book building method. The company will be listed directly. The three-day bidding, however, will start on Chittagong stock exchange first, as the Dhaka Stock Exchange is yet to give listing approval to the

Bangladesh would quickly emerge in the world market in software export as the country has tremendous potentialities in development of IT sector. This was stated by the newly appointed Honorary Consul General of Bangladesh in Germany, Arndt Huesges in an exclusive interview with  the

Rahimafrooz Distribution Limited is accredited as the best distributor of Castrol lubricant for the year 2009 in Castrol South Asian Sub Region (SASR) Partner’s Conference 2010, held in, Malaysia recently. Having a growth rate of 45 per cent in the lubricant market of Bangladesh was the key indicator for