Business

Dhaka stocks suffered a big jolt yesterday with the highest number of companies losing their share prices in the history of Bangladesh stockmarket, as investor confidence dipped to a new low. The prices of 89 percent securities declined. Of the 240 traded companies, 214 took a nosedive, while only 24 securities advanced. However, two

Grameenphone Ltd. announced a new range of price plans that is expected to bring greater simplicity in the pre-paid category. The company has also revealed a new price plan for its djuice product as well. Details of the new price plan were announced at a press conference yesterday at a

A three-day international conference on microfinance begins today at Sonargaon Hotel in the city with an objective of further developing and replicating across the world the small lending to the poor as an effective financial instrument. Microfinance Regulatory Authority has organised the conference with the financial support of

The newly harvested strawberry, a high-valued delicious fruit, has now appeared in the local markets ushering in a new hope for the farmers and their economic uplift in northern region. Though its commercial cultivation began a few years back, the fruit was being sent to the capital city Dhaka for marketing and the same was

The Lebanese government would recruit a huge number of workers from Bangladesh for cleaning and house keeping sector, Labour and Employment Minister Engineer Khandaker Mosharraf Hossain said here yesterday. Hossain, who is also in charge of the Expatriates’ Welfare and Overseas Employment Ministry, told reporters at the VIP lounge of

Shinepukur Ceramics Ltd has got the national export trophy (gold) for the highest export of ceramic items for the year 2005-2006. Shinepukur Ceramics Ltd and Beximco Group chairman ASF Rahman received the award from the prime minister, Sheikh Hasina, at a ceremony held at the

Banglalion Communications Ltd yesterday formally launched its WiMAX internet service in the port city with a commitment to help improve daily life and speed up industrial activities. Banglalion Chairman Abdul Mannan made the announcement at a press conference at Chittagong

TeleTalk has taken an ambitious plan for introducing 3G (third generation) mobile phone technology in Bangladesh. The state-run cell phone service provider is lagging behind the private operators because of funding shortages, but expecting strong foothold on the market with the

A three day International Tourism Fair – Dhaka Travel Mart 2010 began at the Winter Garden of Dhaka Sheraton Hotel on Thursday. GM Quader, Minister for Civil Aviation and Tourism addressed the inaugural session at the Marble Room and formally inaugurated the exhibition at the Winter Garden of

Civil Aviation and Tourism Minister GM Quader yesterday said the government will observe 2001 as the tourism year to project the country’s tourism industry in the international arena and attract foreign tourists. He was speaking as the chief guest at the inaugural ceremony of tourism fair ‘Dhaka Travel Mart-2010’ at

Emirates, the airline of choice of the people of Bangladesh, has unveiled atractive business class fares to 12 destinations and economy class fares to 26 destinations. The airline announced the special fares for its customers in connection with the three-day Dhaka Travel Mart-2010, began at the Dhaka Sheraton Hotel on

The 44th branch of Bank Asia started operation at Kamal Bazar, Chittagong from yesterday.  A. Rouf Chowdhury, Director of the Bank formally inaugurated the new branch. Jahir Uddin, Managing Director of Mostafa Group, Erfanuddin Ahmed, president and managing director,  SM Khorshed Alam, Deputy

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