Business

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

Entertainment just got a whole lot more interesting with the introduction of the new Nokia X6, the flagship music device from Nokia and a dedicated web portal to engage music lovers. Nokia unveiled this combo of full blown entertainment experience giving Bangladeshi music lovers an exciting platform to

Bangladesh inter-bank money market has entered into Digital arena as 42 banks and non-banking financial institutions (FIs) have made successful dealing of call money worth about Tk 500 crore through DhakaMoney-2009 digital system of Dhakabiz.com under a 3-day Trial Dealing Program that

The stockmarket regulator has placed shares of Grameenphone (GP) and Marico in the spot market from next Monday in an effort to rein in the two companies’ stocks prices, which reached an abnormal high. Share trading of the companies will continue in the spot market, instead of normal trading board,

US Trade Show begins The United States said it could set up a bilateral economic forum with Bangladesh which might be an alternative to the much-talked-about Trade and Investment Framework Agreement which was proposed earlier. ‘While we remain interested in this proposal [TIFA], an alternative could be a US-Bangladesh Economic and

The introduction of new high speed broadband internet packages through asymmetric digital subscriber line (ADSL) by the state-owned Bangladesh Telecommunications Company Limited (BTCL) has paid off, as evidenced in a 158 percent rise in the subscription in December 2009 compared to a month

Grameenphone shares continued to drive the index at the Dhaka Stock Exchange on Wednesday when price of the largest listed issue shot up with huge transaction. The DSE index rose to a new high at Wednesday’s closing, crossing 5800-point mark when prices of GP shares increased by 7.38 per cent to reach Tk 387 from

US Trade Show begins tomorrow Bangladesh’s trade with the US will increase again in the current year as the latter’s importers are showing renewed interests to source more products from Bangladesh with the receding of recession, a US diplomat said. Heather Variava, the first secretary for economic and political affairs at the US embassy in ... Read more

A three-day 4th ICT fair titled Zoom Chittagong ICT Fair-2010 will kick-off here at Woodland Park near city Sholoshahor railway station from today.  Mayor of Chittagong City Corporation (CCC), ABM Mohiuddin Chowdhury will inaugurate the ICT fair as chief guest while vice-chancellor of Chittagong University (CU), Prof Dr Abu Yusuf and vice-chancellor of