DHAKA:  Securities and Exchange Commission (SEC) has approved IPO of Tk 16 crore of Active Fine Chemicals Ltd. It has also approved Tk 150 crore prospectus of Green Delta Fast Mutual Fund (GDFMF), according to SEC member Md. Yasin Ali.AFCL will collect Tk 16 crore from Tk 10 face valued

DHAKA: Bangladesh agreed in principle to allow transit facilities to landlocked Himalayan country Nepal, as the present government moves to turn the country’s seaports into a regional shipping hub. A draft agreement was finalized Thursday at a secretary-level meeting of the two

SATKHIRA: Trans border trading through the Bhomra Land Port remained suspended Thursday, for the second consecutive day, as the employees here went on a strike protesting BDR action on an Indian truck driver and seizure of imported fabrics. Over 300 trucks, loaded with perishable items,

DHAKA: Nobel laureate Dr. Mohammad Yunus Monday called upon all established business houses of the country to invest in social business, the latest innovation in economics he is promoting after his trailblazing work in micro-finance.Dr. Yunus made the call while speaking as chief guest at

TEHRAN - Iran`s oil sales for the 11 months to February 2010 fell by 24.3 percent to 59.55 billion dollars (48 billion euros), the Fars news agency reported on Sunday. In a report it said was exclusive, but without quoting a source, the agency said oil sales for the corresponding period

DHAKA: Sea Pearl Group, an organization of hoteliers, has started building the first five-star hotel styled Sea Pearl Beach Resort and SPA on Cox’s Bazar beach of the Bay of Bengal in conjunction with Interval International.“We have taken a good initiative and this will enrich the

DHAKA: Energy and Mineral Resources Division has sought clearance of the cabinet committee on government purchases for the import 6 lakh metric tonnes of petroleum products from Kuwait.Secretary of the Energy and Mineral Resources Division Mohammad Mejbahuddin sent a letter to the

TOKYO - The euro was under pressure against other major currencies in Asia on Friday as risk aversion grew on falling stock prices ahead of a G20 meeting, encouraging safe-haven yen buying, dealers said. The euro changed hands at 1.2315 dollars in Tokyo morning trade, down from 1.2328 in

DHAKA: The Federation of Bangladesh Customs Clearing & Forwarding Agents Associations Thursday demanded immediate withdrawal of an additional tax on their commission in the proposed budget.In the new national budget, now under discussion in parliament, the government has proposed to

Dhaka: Terrorists looted Tk 26 lakh from an export-import company in the city’s Moghbazar area Wednesday night injuring its night guard. Police, however, rescued injured guard Hekmat Ali, 55, from the spot and sent him to Dhaka Medical College Hospital (DMCH). Quoting Hekmat, Ramna

DHAKA: The index of Dhaka Stock Exchange (DSE) marked a slight fall following slide in prices of shares Wednesday, the fourth day of the week, but exchange in monetary terms in trading was higher.In the previous week, shares suffered a huge loss during the first two days, but the market

DHAKA: Foreign Investors’ Chamber of Commerce and Industry (FICCI) suggested the government to go for casting wide the tax net by reducing tax rates in the proposed budget for the FY 2010-11, which is being tossed by parliament before its passage within a week.The chamber representing

DHAKA: Petrobangla authorities Wednesday said gas production at Bangura field would resume within two days, which would lessen a little the current fuel crunch.“We hope to resume it either on Thursday night or on Friday morning,” chairman of the country’s Mineral Oil and Gas

DHAKA: Mobile-phone operators Tuesday demanded withdrawal of VAT that has just been imposed on mobile SIM (Subscriber Identity Module) cards in the proposed national budget.They also demanded reduction of compensation amount and inclusion of provision for appeal in the amended Telecom

DHAKA: Chairman of Ha-meem Group and publisher of the dail+y Samakal AK Azad has been elected president of the of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), country’s apex trade body.Besides, Jasimuddin and Mostafa Azad Chowdhury have been elected 1st and 2nd

DHAKA: The Azad-Jasim panel triumphed in the ninth biennial election of the country’s apex business body, FBCCI, securing the majority of directors both in Chamber and Association groups.The panel bagged 21 posts of director out of 28 under the Chamber and Association groups.Its rival

DHAKA: Golden Son Ltd Saturday decided to jack up its authorized capital from Tk 50 crore to Tk 200 crore, in a big boost to the engineering company.The decision on steeply increasing the capital came from a general meeting of the firm at Chittagong press club.Besides, the company decided

DHAKA: Bangladesh Association of Publicly Listed Companies (BAPLC) expressed concern over the imposition of tax on capital gains and primary shares in the proposed budget 2010-11 FY.“The government should give one year more before imposing such a kind of tax,” said Salman F Rahman,

DHAKA: The Securities and Exchange Commission (SEC) Thursday approved proposal of Maksons Spinning Mills on floating right shares and Mutual Fund Prospectus of Popular Life.The approval was given for the two listed companies at a meeting of the stock-market regulator.SEC sources said

May 29, 2010   Bashundhara LP Gas Limited has brought a new LP gas cylinder into the market. The 45 kg cylinder has been launched at Baton Rouge, Gulshan here at Dhaka today. The Additional Managing Director of Bashundhara Group Mr. Safwan Sobhan formally unveiled the cover and