Friday, 24 Jan, 2025

Business

Shell plans 2,800 job cuts after BG deal

DHAKA: Royal Dutch Shell has said it will cut 2,800 jobs if its planned takeover of BG Group goes ahead, about 3% of the combined group’s workforce.The proposed job cuts are in addition to the 7,500 job losses Shell announced in July.The tie-up between Shell and BG deal is due to be

Payra seaport to be operational from Dec 30

DHAKA: Country’s third seaport at Payra in Patuakhali district will launch its operation on December 30.Payra seaport authority secretary Rezaul Karim informed banglanews that the most parts of its infrastructural development have already been done.He said on Monday (December 14)

Upgrading Shahjalal costs Tk 562-cr

DHAKA: The upgrading project of Hazrat Shahjalal International Airport has recently been complete. Civil aviation and tourism ministry sources confirmed that it took Tk 562.77-crore to complete this project.The sources further said, “The upgrading project started at Shahjalal airport in

Stocks end lower Monday

DHAKA: Country's stock market marked fall in its price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 8.82 points only to stand at 4533.91 at the close of day’s trading. Trade deals stood at 127334 with volume of transactions

SA gets 3rd finance minister in a week

DHAKA: South African President Jacob Zuma has replaced newly appointed finance minister David van Rooyen with the more experienced Pravin Gordhan in a surprise Sunday night announcement.On Wednesday, the president sacked previous finance minister Nhlanhla Nene in a move that sent the rand

Etihad wins ‘World’s Leading Airline’ award

DHAKA: UAE’s national airline picked up three additional accolades at the World Travel Awards for 2015.The awards included ‘World’s Leading Airline – First Class’, ‘World’s Leading Airline Inflight Entertainment’ and ‘World’s Leading Cabin Crew’.Etihad Airways has

Padma bridge railway project begins in March

DHAKA: The dream of years has started driving towards the reality. People of Bangladesh’s southern region are eagerly observing their hopes to be materialized at last. The fruit of patience comes ten-folded as the under-construction bridge will have a railway track with vehicular

Robi retains ISO 9001 standards for quality management

DHAKA: Leading mobile phone operator, Robi has retained the ISO 9001 standard for the tenth year.Robi will be considered as the first operator to have attained this coveted standard in Bangladesh.The conformance of this standard once again demonstrates Robi’s unwavering commitment to

Bangladesh to attain 6.5% GDP: WB

DHAKA: Visiting World Bank (WB) senior vice-president and also chief economist Kaushik Basu commented that Bangladesh will attain 6.5 percent GDP in current fiscal year.The country will achieve 6.7 percent GDP next year, he predicted.The visiting WB official made the assertion at a

DSE, CSE start week negative

DHAKA: Investors witnessed significant fall in benchmark indices of the country’s bourses on Sunday, the first trading day of the week.DSEX, the broad index of Dhaka Stock Exchange (DSE), shed over 40.68 points only to stand at 4542.73 at the close of day’s trading.Trade deals stood

Stocks witnessing fall

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Sunday, the first trading day of the week.  The Dhaka Stock Exchange Broad Index (DSEX) shed over 5.37 points to stand at 4578.04 at 12:01pm.Trade deals stood at 27114 with volume of

Stock markets sink as oil keeps sliding

DHAKA: Stock markets on both sides of the Atlantic fell on Friday and oil sank further as fears about global oversupply mounted.In London, the FTSE 100 closed under 6,000 points as investors dumped commodities shares, reports the BBC.The blue-chip index ended the day 2.2% lower, down 135

Bangladesh to get Int’l Award for School Banking

DHAKA: Bangladesh will get an international award for its outstanding success in school banking program.Bangladesh Bank general manager ASM Asaduzzaman informed banglanews about the development on Thursday evening.BDST: 1837 HRS, DEC 10, 2015RS/RR/SMS

Trans-Asian Railway includes Padma Bridge

DHAKA: The dream project of Padma Bridge has made its place in the Trans-Asian Railway. The speed limit of the rail will be 160-km/h over this 6.15-km bridge.In the detail design of railway in India and other countries of the world, the amount of Dedicated Freight Corridor (DFC) loading

Stocks end week lower

DHAKA: Country's stock market marked fall in its price indices on Thursday, the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 3.95 points only to stand at 4583.41 at the close of day’s trading.  Trade deals stood at 105549 with volume of

Market showing mixed

DHAKA: Trading on the country’s two bourses is underway showing mixed trend in share-price indices on Thursday, the last trading day of the week.DSEX, the broad index of Dhaka Stock Exchange (DSE), shed over 10.64 points to stand at 4576.73 at 12:19 pm.Trade deals stood at 45925 with

Winter vegetables decrease inflation rate

Dhaka: Supply of winter vegetables has been increased in markets triggering a fall of inflation rate in November.Bangladesh Bureau of Statistics (BBS) updated information showed that inflation rate has been decreased to 6.05%.However, it rate was 6.19% in October.Planning minister AHM

Asian markets sag despite oil rally

DHAKA: Several markets across Asia were down in early trade on Tuesday, despite an oil price rise overnight and a positive lead from Wall Street.Brent crude rose above $40 a barrel for the first time this year, reports the BBC.The price of iron ore also shot up, rising almost 20%, due in

Stocks witness inflation Tuesday

DHAKA: Both two bourses of the country witnessed positive trends in share-price indices on Tuesday, the third trading session of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 10.34 point or 0.23 percent to stand at 4453.97 at 11:30am.Trade deals stood at 22,237 with

Muhith unaware of reserve money stealing

DHAKA: Finance minister Abul Maal Abdul Muhith denied talking about the stealing of Tk 800-crore from Bangladesh Bank reserve as he was not aware of the incident.‘But it is unusual’, he added.The minister made this assertion while talking to the media after a meeting with World Bank