Business

Five-day SoftExpo in city from Feb 10 The export volume of software and information technology-enabled services increased by 32.17 per cent last year with a sale worth some $ 32.91 million in 2008-09, while the industry has fixed a target for $ 38 million in 2009-10 fiscal. ‘Bangladesh earned $ 24.9 million from export of ... Read more

Setting up of cuisine training institutes in the country could open up a new opportunity of huge overseas jobs with handsome salaries for Bangladeshi youths as the British curry industry has now a demand for 30,000 skilled cooks and kitchen staffs, reports BSS. ‘The globally-acclaimed UK’s curry industry is now suffering from the shortage of ... Read more

A large number of visitors thronged the three-day Chittagong Apparel, Fabrics and Accessories Exposition at the indoor stadium of the Chittagong District Sports Association in the city on Friday. Thirty-nine companies from home and abroad put their products on display at 54 stalls at the fair that began on Thursday, said officials of the

Three-day REHAB Fair 2010 showcasing real estate and housing projects began at the Chittagong Club on Thursday. The chairman of the parliamentary stranding committee on the housing and public works ministry, ABM Fazlee Karim Chowdhury, inaugurated the fair, organised by the Real Estate and Housing Association of Bangladesh. Ninety-four real estate and housing companies and ... Read more

Market watchers worried Dhaka stocks continued their rally on Thursday, sparked by relentless flow of fresh funds, taking the benchmark index closer to 5400-mark. Market analysts said the market is witnessing a frenzy in trading by new investors, which is reminiscent of 1996 bubble and bust. They said a lingering bullish market has attracted an ... Read more

Dhaka stocks tumbled yesterday, led by a deep fall in Grameenphone shares, as some investors became unnerved by the regulator’s move to open a probe into the cellphone operator’s trade. Panic sell-offs and profit-taking led GP to lose 8.40 percent to Tk 255. The benchmark DGEN or General Index declined 68.99 points or 1.29 percent ... Read more

The posts and telecommunications minister, Razi Uddin Razu, told the parliament on Tuesday that the government had in principle decided to offload 25 per cent of shares of the state-run mobile company Teletalk through initial public offer. ‘The deadline for the initial public offer is yet to be decided,’ the minister said in reply to ... Read more

Grameenphone Ltd. has signed an agreement with T.K. Group of Industries recently to provide complete communication facilities under its Business Solutions package, says a press release. The agreement was signed by Rafiq Ahmad, executive director of T.K. Group of Industries and Khandaker Omar Farhan, deputy general manager, Direct Sales, Grameenphone, on behalf of their respective

The duration of the month-long Dhaka International Trade Fair has been extended by a week, said an Export Promotion Bureau notification on Tuesday. The bureau, which has organized the trade event, said it had been requested by local and foreign companies that have participated in the fair and visitors to extend the fair duration. ‘Business ... Read more

The 19th meeting of the Board of Directors of Maksons Spinning Mills Ltd. was held on Monday at the Corporate Office of the company in the city’s Uttara area. The Meeting was chaired by its Chairman Abdul Ali in presence of the Managing Director Mohammad Ali Khokon and other Directors of the Board. In the ... Read more

For the first time, the stock market reach to a new high with the benchmark index crossing 5,000 points on Thursday following the news of Grameenphone setting up a subsidiary company. The key index of Dhaka Stock Exchange gained 96.62 points, or 1.93 per cent, to close at 5,095.21 on the closing trading day of ... Read more

Staff of Standard Chartered Bank Bangladesh participated in the “Last Hour Campaign” that was launched by the banking group across its markets. This is a voluntary campaign where the staff donated their last hour’s worth of salary in 2009 to Seeing is Believing (SIB), a sustainability initiative that helps to restore sights of visually impaired ... Read more

Dhakamiror.com India’s largest wireless service provider, Bharti Airtel is set to introduce its acclaim ‘Airtel’ brand in Bangladesh after acquiring a majority (70 percent) stake in Warid Telecom, the fourth largest player in the country out of six. Before eying Bangladeshi telecom market Bharti Airtel launched its 2G and 3G service in Sri Lanka one ... Read more

The country’s insurance companies performed well last year beating back the anticipated impact of global economic recession as business returned to normalcy under the new democratic government, reports BSS. Insurance business turnover surpassed Taka 6,000 crore last year with life insurance alone having a record of Taka 5,000 crore deals. Its growth rate stood at ... Read more

ICB ISLAMIC MUTUAL FUND At the close of operation on January 5, the fund declared NAV of Tk 293.61 per unit on the basis of current market price and Tk 222.01 on the basis of cost price against face value of Tk 100. The total net assets of the fund stood at Tk 29.36 crore ... Read more

State-run landline operator BTCL added more than one lakh customers in the three months after it announced free connections at upazila levels in July 2009. The company subscriber base reached close to 10 lakh at the end of September 2009, according to Bangladesh Telecommunications Company data. With the addition of new customers, BTCL had 9.72 ... Read more

Grameenphone Ltd. has partnered again with the Bangladesh government in the government’s efforts to eradicate the re-emergence of polio in Bangladesh through National Immunization Day (NID) awareness building campaign. The NID has been organized to immunize 24 million children in Bangladesh under the age of five. Grameenphone was also partner of the mass awareness campaign ... Read more

Rahimafrooz has launched its global battery brand GLOBATT for the automotive and inverter applications in the Indian market recently. The occasion was also highlighted by the inception of Rahimafrooz Batteries Ltd office in Delhi and branch offices in Ahmedabad and Kolkata, said a news release. With its state-of-the-art manufacturing plant situated at Ishwardi EPZ, Rahimafrooz ... Read more