Business

Micro Cables Ltd,  launched it’s New products — fire-retardan cables — in a ceremony held at Hotel Westin in Dhaka on Wednesday . Commerce Minister Lt Col (Rtd) Muhammad Faruk Khan attended the ceremony as chief guest while Fazlul Haque, President BKMEA, Engr Tanveerul Haque Probal, President of REHAB and Shah Alam Sarwar, Managing Director, ... Read more

Chairman of the Board of Directors of Jamuna Bank Limited, Sakhawat Abu Khair Mohammad inaugurated the 47th Gazipur Chowrasta Branch of the bank as chief guest in  Gazipur  recently. Al-Haj Nur Mohammed, chairman of Jamuna Bank Foundation Md. Ismail Hossain Siraji, vice chairman of Jamuna Bank and a large number of valued customers, well-wishers and ... Read more

United Airways added a new MD-83 aircraft to its fleet yesterday to expand its international network. The new MD-83 aircraft will be primarily used on the carrier’s upcoming routes between Dhaka-London, Dhaka-Dubai, Dhaka-Kuala Lumpur, Dhaka-Kathmandu and Dhaka-Bangkok. “The MD-83 aircraft has been purchased from Romania and this new addition has increased the fleet strength of ... Read more

SEC’s new decision effective from today The new criteria fixed by the stock market regulator for margin loans for mutual funds have drawn mixed reactions from fund managers, investors and an academic. The fund managers and investors fear that the new criteria will send wrong signals to market. But some experts said the restriction is ... Read more

Navana Limited, the local distributor of world class brand Toyota, extended its customer access points at commercial hub Agrabad by opening a new showroom of the brand new quality vehicles today. Vice-Chairman of Navana Limited Saiful Islam, General Manager of Toyota Tsushu Corporation (Dhaka Office) Y. Miura, President of Chittagong Press Club Abu Sufian, Editor ... Read more

Banglalion Communi-cations Ltd, a WiMAX internet service provider, has appointed Aftab Mahmud Khurshid as its chief brand officer, said a press release. Prior to joining Banglalion, he was the head of brand and marketing of The City Bank Ltd. Khurshid, also president of JCI Bangladesh, has a master’s in banking from Dhaka University and

Sakhawat Abu Khair Mohammad, chairman of the board of directors of Jamuna Bank Limited inaugurated 46th branch of the bank at S. S. K. Road in Feni as chief guest. Al-Haj Nur Mohammed, chairman of Jamuna Bank Foundation, Md. Ismail Hossain Siraji, vice chairman, Kanutosh Majumder, director of Jamuna Bank and a large number of ... Read more

Rubel Aziz, managing director of Pertex Beveragr has been elected as president of Gulshan Club, for the year 2009-2010 in the Annual General Meeting followed by Election held on Friday, at the Club premises. It was a landslide victory for Rubel Aziz, says a press release. Ten elected members of the executive committee are Obeid ... Read more

Mobile handset giant Nokia organised an advocacy meeting in Khulna city yesterday as part of its countrywide campaign — ‘Avijan’. Begum Mannujan Sufian, state minister for labour and employment, was present as chief guest at the event. The Avijan campaign, launched on October 18 this year, aims at spreading knowledge among the new generation about ... Read more

AKTEL, the third largest mobile operator, recorded profits worth Tk 147 million at the end of September, rising from a loss of Tk 737 million in the same period last year. However, the company recorded a loss of Tk 472 million in the third quarter (July-September) compared to the second quarter (April -June) this year. ... Read more

Samsung Electronics plans to invest around 7 trillion won ($6.05 billion) in its semiconductor business next year – 5 trillion won in DRAM and 2 trillion won in NAND flash memory and system LSI, an industry source told The Korea Herald. The world’s top memory chip maker’s investment plan is a 75 percent jump from ... Read more

Marico Bangladesh Ltd has informed the stock exchanges that the board of directors of the company has decided to disclose the setting up of first Kaya Skin Clinic in Bangladesh at Gulshan in Dhaka. Kaya Skin Clinic is the centre offering dermatology led cosmetic skin care solutions in India and the Middle East, according to

Leather industry people are seen happy this year with increased supply of rawhides at lower prices from the sacrificed animals in Eid-ul-Azha. They estimate that this year the supply would be increased by at least 10 per cent. In the past around 40 per cent of the country’s annual rawhide stocks came from sacrificed animals. ... Read more

The National Board of Revenue (NBR) will complete the tasks for introducing an online tax payment system within next month to streamline the existing tax return submission procedure, said the chairman of the board yesterday. “We have already signed a memorandum of understanding (MoU) with the International Finance Corporation (IFC) to initiate the online tax ... Read more

State-owned BTCL has hit the doldrums, unable to provide new land phone connections in most metropolitan areas including Dhaka, but still has lofty plans. There are ten private sector operators providing land phone services across the country apart from BTCL. Together, the state-run and private companies provide just 1,571,748 land phone connections across a country ... Read more

Ahead of beginning of the sugarcane crushing season, the government is worried about the availability of sugarcane to run the 15 state-owned sugar mills. The Bangladesh Sugar and Food Industries Corporation has announced that sugarcane crushing at the government-owned mills would begin on November 13. The season will be inaugurated on the day at the ... Read more

Telephone Shilpa Sangstha Limited (TSS), the state-run telephone equipment manufacturer, is set to go under an automated production system by December, eyeing production of more than a thousand landline sets a day. “An automated system by the year-end will enable our company to make telecom equipment,” TSS Managing Director Mohammad Ismail told The Daily Star. ... Read more

Bangladesh’s mobile penetration rate stood at 28 percent in 2008 lagging behind war-ravaged Afghanistan’s 29 percent in South Asia, according to a regional report. “Of course, the fact that Afghanistan is ahead of Bangladesh in mobile penetration should cause all sorts of palpitations in government offices in Dhaka,” said the report tilted ‘Telecom Access Rankings ... Read more

A three-day British fusion food festival — Taste of Britain Curry Fest — is set to start at Dhaka Sheraton Hotel today, which will present the culinary success of British Bangladeshis in the UK. Dhaka Sheraton Hotel and Curry Life, a British magazine on UK’s fusion food industry, are co-organising the festival. GM Quader, civil ... Read more

From The New Nation Bangladesh real estate sector has rebounded and is expected to achieve an impressive growth of 15 per cent in 2010 thanks to the government’s supportive policy for helping recover the sector even amid global recession. To boost the sluggish business hit by global meltdown and political turmoil, developers have taken a move ... Read more