Business

Sohel Parvez Singapore Airlines (SIA) has cut two of its flights from Dhaka as it is receiving less than expected passengers due to the global economic downturn that forced the leading carrier to suspend more than 200 flights worldwide. The carrier said it would operate five weekly flights from Dhaka from February 16, instead of ... Read more

EXPANDING MANPOWER EXPORT Bangladesh missions need more resources, training: experts Raheed Ejaz The government needs to enhance the capacity of the labour wings abroad by taking steps including allotting more resources and holding proper training for the officials there for boosting manpower export. Officials, recruiting agents and experts also feel that the government should take ... Read more

Bangladesh Single Country Trade Fair in Sharjah, United Arab Emirates (UAE) has opened ample of business opportunities for Bangladeshi products and services, says a press release. The 3-day fair was held on 8-10 January at Rolla, Sharjah of the Emirates, which was sponsored by Pubali Bank Limited. The exhibition was attended a total of 20 ... Read more

Sajjadur Rahman Despite the central bank’s mandatory order, five foreign commercial banks, including the banking giant Hong Kong and Shanghai Banking Corporation (HSBC), have failed to disburse a single penny as farm credit in the first half of the current fiscal year. “The banks providing no farm credit have already been served warning letters by ... Read more

Sohel Parvez Local shipyards still receive enquiries from foreign buyers about building small vessels despite a downturn in the global shipbuilding industry amid an economic recession and uncertain demand outlook

Bdnews24.com . Dhaka The industries minister, Dilip Barua, on Wednesday said current interest rates were hindering industrial development in Bangladesh. ‘It’s hard to make profit at the current 14-15 per cent bank interest against industrial credit,’ Dilip told a delegation of the International Business Forum of Bangladesh at his ministry on Wednesday. Sympathising with businesses ... Read more

AFP, Kuala Lumpur Malaysia is preparing a second economic stimulus package to fend off the threat of recession and is considering freezing the recruitment of foreign workers, reports said yesterday. The stimulus package, which comes after a 2.0-billion-dollar programme unveiled last November, is focused on helping companies and workers affected by the global slowdown, The ... Read more

Sayeda Akter Units of Bangladesh Parjatan Corporation, which were leased out to private operators for better management and efficiency, continue to incur losses. Several units are yet to pay back long-due lease money to the troubled state-owned tourism agency in line with the

Kazi Azizul Islam The bakers and restaurant owners continue to charge high prices for their products, which are made using flour and oil, despite the price of the two major essentials declined drastically in the past several months. The price of the food items at bakery shops and restaurants in the capital city was found ... Read more

UNB, Dhaka Lack of attention of the new government to the share market took its toll on the Dhaka Stock Exchange (DSE), as it witnessed a sharp fall on Monday, continuing the bearish trend since January 5. Brokers said investors were losing confidence in the market in absence of the new government’s attention to the ... Read more

Staff Correspondent Frustrated at the continuous fall in share prices, a group of retail investors on Monday staged a demonstration in front of the Dhaka Stock Exchange building. Dhaka stocks plunged for the straight fourth trading day on Monday due to selling pressure amid a volatile trend in

NATION BUSINESS REPORT Leaders of the Foreign Investors’ Chamber and Commerce and Industry (FICCI) have urged the government to take their opinion before finalising the new industrial policy. They made the request at a meeting with the industries minister, Dilip Barua, at the ministry on Sunday. The minister said the government was going to formulate ... Read more

SINGAPORE,(AFP): Sales of computers in the Asia Pacific region outside Japan fell for the first time in a decade during the fourth quarter, as the global meltdown hit consumer spending, a study said today. Preliminary figures showed 17.2 million desktop computers and laptops were sold in the December quarter, down 14 per cent from the ... Read more

Staff Correspondent Dhaka Chamber of Commerce and Industry on Monday suggested a number of tasks for the new government to boost up business confidence and growth of the small and medium enterprise sector. In their first press meet, DCCI office-bearers and the board, which had been sworn in a month back, lauded the government’s long-term ... Read more

Sajjadur Rahman The shrimp industry foresees the toughest time this year on a continuous fall both in the price and demand in the troubled developed economies, main consumers of the item, according to industry people. They said buyers in the US and Europe are

Raheed Ejaz Manpower recruiting agents Sunday submitted a 28-point proposal to the government that includes increasing the migration cost from Tk 84,000 to Tk 1,40,000 to stop cheating as well as maintaining growth in this sector. A delegation of the Bangladesh Association of International Recruiting Agents met labour and employment and expatriates’ welfare and overseas ... Read more

BSS, Dhaka The new government’s decision of withdrawal of all duties on equipments of Solar Household System (SHS) will significantly boost up the expansion of renewable energy in rural parts of the county, experts said. Prof NC Bhowmik, director of Renewable Energy research Centre (RERC) told BSS that the vast areas of rural people mostly ... Read more

Sohel Parvez The prices of broiler chicken have jumped over 51 percent because of short supply as fears over probable bird flu attacks slowed farming last month. Low returns over chicken last month also prompted farmers to cut farming, leading retail prices to rise as high as Tk 139 a kilogram. The overall prices of ... Read more

United Airways, one of the private airlines in Bangladesh, has announced 30 per cent fuel surcharge cut on all routes as world oil prices marked a sharp fall. The cut in fuel surcharge comes into effect on January 20, reports UNB. Considering the passengers’ right to benefit from the decline in world fuel prices, United ... Read more

Staff Correspondent Dhaka stocks finished down on Sunday, the third consecutive trading day, in a market that saw continuous price fluctuations amid a downtrend for the last couple of weeks. The general index of Dhaka Stock Exchange lost 18.39 points, or 0.68 per cent, to close at 2677.19, while its blue chips index, DSE20, shed ... Read more