Business

A four-day real estate fair, 7th BD-RED Abasan Mela 09, began in Chittagong yesterday, with a commitment to developing environment-friendly housing for all. Industries Minister Dilip Barua inaugurated the fair organised by Bangladesh Real Estate Directory (BD-RED) at the Institution of Engineers, Bangladesh Chittagong centre auditorium in the evening. The minister called to make coordinated ... Read more

A 3-day fair, Sylhet Housing Fair ’09 will begin in London from December 27. Organisers from the Real Estate Association of Sylhet told a press conference at Sylhet Press Club yesterday that the event targets the non-resident Bangladeshis in London. Creative Events is the event manager. Twenty-six reputed real estate companies, including 3 from Dhaka, ... Read more

“Our stock market is getting a better shape day-by-day and the regulatory bodies should come up with certain measures to make it a vibrant one. The regulatory bodies should also monitor the stock market activities.” Speakers opined at the inaugural ceremony of Chittagong Stock Exchange CSE’s new office at Sylhet. CSE President, Nasiruddin Ahmed Chowdhury ... Read more

Warid Telecom offers international roaming services to its prepaid subscribers, said the mobile operator in a statement yesterday. All Warid prepaid subscribers will be able to enjoy international roaming facility while travelling abroad without any security deposit or subscription fee for activating the service. “The launch of international prepaid roaming services with attractive offers is ... Read more

Transcom Foods Ltd launched KFC and Pizza Hut outlets on Baily Road in Dhaka yesterday. Akku Choudhury, executive director of Transcom Foods, led the launching ceremony. Theatre personalities Aly Zaker and Sara Zaker and actress Tomalika Karmakar were also present at the launch. Transcom Foods is the franchisee of international restaurant chains Pizza Hut and ... Read more

Both the garment exporters and labour leaders on Wednesday urged global buyers to be ethical in sourcing, and to give orders to those garment factories which comply with the rules of the buyer country. Such compliance, they pointed out, is a precondition for the sustainable growth of the readymade garment sector in the country. Participants ... Read more

The subscription of Grameenphone’s initial public offering, the largest in Bangladesh’s capital market history, ends today amid signs of overwhelming responses from prospective investors. For non-resident Bangladeshis, the subscription will continue until October 18. “We are receiving very positive responses from IPO applicants,” said Mesbah Ahamed, head

Kuwait Airways will start its direct Chittagong-Kuwait flight from October 30 to grab the traffic from the port city. Initially, the airways will operate two flights – Friday and Sunday -per week from Chittagong with Airbus 300 and Airbus 310 aircraft.  The flights will leave Chittagong at 5:35 am. Kuwait Airways district sales manager-passenger Saimur ... Read more

The electronic transaction project will take off in six months Money transfer is about to go digital in six months, as Bangladesh Bank has approved the launch of an electronic prepaid card system that will have a mobile payment option. The central bank permitted Trust Bank Ltd to act as a settlement bank for digital ... Read more

The first-phase of construction for a deep-sea port at Sonadia offshore island on the Bay of Bengal would be completed by 2016, accelerating shipping operations, parliament heard Monday. Responding to a starred question from M Tajul Islam, shipping minister Shahjahan Khan further said that on completion of construction of the deep-sea port, vessels of 14-metre ... Read more

Ashuganj Zia Fertiliser Company Limited is facing a Tk 6 lakh loss daily as inadequate storage facility has forced the company management to go below its full production capacity. Around 47,000 tonnes of urea remained in the open on the factory premises until yesterday. Besides, at least 500 tonnes of the surplus urea is being ... Read more

Acute crisis of ice and lack of preservation and transportation facilities have forced the fishermen in the southern coastal areas to sell hilsa at a throwaway price. Fazlu Gazi, president of Mahipur-Alipur Fish Traders Association of Kalapara in Patuakhali, said the fishing trawlers, each loaded with 50 to 1,000 maunds of hilsa, started returning to ... Read more

Taiwan’s producers of liquid crystal displays know that venturing into the Chinese market is risky, but they are also fully aware they have no choice, analysts said. Even though they are major revenue earners, the island’s LCD makers got off to a late start, struggling for years to match stronger Japanese and Korean rivals, and ... Read more

A lottery for allotment of shares of the Dacca Dyeing & Manufacturing Company Ltd was held at Bangabandhu International Conference Centre in the city on 30th September. The department of computer science and engineering of BUET conducted the lottery. The representative of Securities and Exchange Commission, Dhaka Stock Exchange Ltd, Cittagong Stock Exchange Ltd, Investment

Bangladesh clothes get stronger ground in the world’s fashion capital Paris with the opening of the flagship store of the leading Asian apparel retailer Uniqlo. Uniqlo, known for high-quality basics such as affordable cashmeres with quintessentially Japanese craftsmanship, manufactures its clothes mostly in Asia, in China, Indonesia, Vietnam and

The government moves to frame a policy soon to set eligibility criteria for local carriers to fly on international routes, officials said. The policy is also aimed at bringing transparency and discipline to traffic right distribution process. The policy, after introduction, is expected to bar less than two-fleet carriers’ operations to the global destinations. Aircraft ... Read more

The newly established Belonia-Feni land port is being inaugurated today (Sunday) to open a new avenue for Bangladeshi entrepreneurs for exporting more commodities to the northeastern region of India. The new land port would help Bangladesh increase its export to India amounting to one billion US dollar by 2011, which would ultimately reduce Bangladesh’s trade ... Read more

Public subscriptions for the shares of Grameenphone, the biggest public offer in Bangladesh history, starts today to mobilize a fund of Tk 4.86 billion. Subscription to the IPO by resident citizens will close Thursday while it will continue until October 18 for the non-resident Bangladeshis (NRBs). Interested investors would submit their applications in over 500 ... Read more

Bhutan is keen to sign  a free trade agreement (FTA) with Bangladesh to boost economic relation between the two countries, the Economic Affairs Minister of Bhutan said here  on Saturday. Lynopo Khandu Wangchuk spoke of Bhutan’s keenness during his meeting with the Dhaka Chamber of Commerce and Industry (DCCI) at the DCCI auditorium this morning. ... Read more

Real estate companies are opting for more housing projects outside Dhaka, as the soaring land price and its scarcity in the capital have pushed apartments beyond the purchasing capacity of many potential buyers. Industry people said some realtors have recently embarked on projects in different areas surrounding Dhaka, including Narayanganj, Comilla, Gazipur and Mymensingh, to