Saturday, 11 Jan, 2025

Business

Gold price rises by Tk 1166 per bhori

DHAKA: Bangladesh Jewellers' Association (BAJUS) on Tuesday (February 18) decided to increase the price of gold at Tk 1,166 per bhori. The new rate will be effective from Wednesday (February 19), says a press release issued by BAJUS. According to new price of BAJUS, gold in the

$170m ADB loan again for capital market reforms

The Asian Development Bank (ADB) has approved a second tranche loan of $170 million to conclude the Third Capital Market Development Program in Bangladesh. ADB approved the program totaling $250 million in November 2015 with a first tranche $80 million loan to support vital capital

Tk 12,000cr revenue in just 7 months

DHAKA: The revenue collection in this fiscal is around Taka 12,000 crore higher than that of the same period of the previous fiscal (2018-19), said Finance Minister AHM Mustafa. He told journalists after a meeting of the Cabinet Committee on Government Purchase (CCGP) at the Cabinet

Huge investment coming from Saudi: FM

DHAKA: The government is expecting a huge investment from Saudi Arabia in various sectors including power and energy, especially potential investment and support from the Saudi Aramco, said Finance Minister AHM Mustafa Kamal. Kamal said this to the reporters after holding a meeting

ECNEC approves India-Bangladesh Pipeline project among 9

DHAKA: The Executive Committee of the National Economic Council (ECNEC) today approved nine projects involving Taka 2,422.27 crore with a Taka 306.23 crore scheme to acquire necessary land and ancillary facilities development for implementing the India-Bangladesh Friendship Pipeline

Bashundhara for quality products from best raw materials: MD

DHAKA: Bashundhara Group consistently provides quality products by utilizing best raw materials and sophisticated technology, said Sayem Sobhan Anvir, Managing Director (MD) of the country’s leading business conglomerate. The BG MD directed the sales team to describe the fact in

4 state-owned banks to join capital market by September

DHAKA: Finance Minister AHM Mustafa Kamal said the government decided to bring four more state-owned commercial banks (SOCBs) into the capital market by September. “We’ll bring in four more state-owned commercial banks–BDBL, Agrani Bank Ltd, Janata Bank Ltd and Sonali Bank Ltd–

Yeasha Sobhan honored with Rising Star Award in Bangkok

DHAKA: Bashundhara Group Director Yeasha Sobhan was honored with Rising Star award for Corporate Excellence in Bangkok.   The award was given by URS Media & AsiaOne Magazine at “the 13th edition Asian Business and Social Forum, Pride of Asia Series Awards and Business Summit; & 4th

AsiaOne Global Asian of the Year Safwan Sobhan

DHAKA: Safwan Sobhan, Vice Chairman of Bashundhara Group, was honored with AsiaOne Global Asian of the Year 2019-20 award for his outstanding contribution to industry and society. The award was given by URS Media & AsiaOne Magazine at “the 13th edition Asian Business and Social

Asia One recognizes Evaly the rapidly growing brand

DHAKA: Evaly has been recognized as the fastest growing brand in Bangladesh by popular international magazine Asia One. Asia One also recognized Mohammad Rassel the Managing Director and CEO of Evaly. The recognition was officially announced on Friday (February 7th) night at a gala

Square Toiletries Ltd’s (Zone-2) Annual Sales Conference-2020 held

DHAKA: Square Toiletries Limited (Zone 2) organized Annual Sales Conference- 2020 at Ratnodweep Resort in Pabna on Tuesday (February 4), says a press release.  The conference was inaugurated by Square Toiletries Limited Managing Director Anjan Chowdhury. Company’s Head of Operation

Alphabet shares fall as Google misses on sales

Google's parent company Alphabet Inc on Monday reported its worst fourth-quarter revenue growth since 2015, missing analysts' estimate for a period in which its top online advertising rivals beat expectations. Shares of the company fell about three percent in extended trading

China shares suffer biggest fall in four years

Fears over the coronavirus triggered a sharp fall in Chinese shares when the market reopened after the Lunar New Year holiday. The Shanghai Composite index closed nearly 8% lower, its biggest daily drop for more than four years. Manufacturing, materials, and consumer goods companies

Chinese stocks plunge on coronavirus fears

The Shanghai Composite index fell nearly 9% before recovering slightly, while commodity prices also slumped. Manufacturing, materials, and consumer goods companies are among the hardest hit, as healthcare shares soar. The fall came despite China's central bank announcing new

ADB VP reaffirms stronger partnership to implement SDGs

DHAKA— Asian Development Bank (ADB) Vice-President (VP) Mr. Shixin Chen reaffirmed ADB’s commitment to supporting Bangladesh in achieving the Sustainable Development Goals (SDGs), while attending the Bangladesh Development Forum (BDF) in Dhaka today. Mr. Chen attended the BDF as a

Sheba Briddhi to facilitate growth of MSEs

DHAKA: With the objective to effectively address the forward market linkage challenges prevalent in service market industry of Bangladesh and bring the service providers under the financial inclusion umbrella, Sheba Platform Limited joined hands with Business Finance for the Poor in

Eskimi Tech Adda – Episode 1 held in Dhaka

DHAKA: Eskimi Limited organized knowledge sharing event titled “Eskimi Tech Adda – Episode 1” at their office in Gulshan 1, Dhaka on Saturday (January 25).  Eskimi Tech Adda is a series of formal and informal events to create an atmosphere for Bangladeshi IT professionals to

Pine Labs Announces Investment from Mastercard

DHAKA: Pine Labs, one of Asia’s leading merchant commerce platforms, announced an investment by Mastercard that underscores confidence in South Asia’s growing economy.   The investment is part of a partnership to continue the rapid growth of convenient electronic payment options

Green Delta wins 1st for best stall at Bima Mela

Green Delta Insurance (GDIC) participated in the fourth 'Bima Mela' held in Khulna between January 24 and 25. The fair was organized by the Insurance Development and Regulation Authority (IDRA) and the financial institution division of the Ministry of Finance. The opening

Oracle Celebrates 20 Years in Bangladesh

Company has experienced growing customer demand during its two decades in the country. It has opened new office in Dhaka, reaffirmed its commitment to helping Bangladesh become a digital nation Oracle on January 23 has celebrated 20 years of serving public and private sector firms