Saturday, 11 Jan, 2025

Business

Imran Kadir elected as JCI Dhaka North president

DHAKA: Imran Kadir has been elected as the President of Junior Chamber International (JCI) Dhaka North for the next term. JCI Dhaka North elected its executive body and board members for the year-2020 during a meeting of general members held at Six Seasons Hotel Dhaka recently.

US$ 3.46m more foreign investment in diversified products in EPZ

China-U.S.A jointly owned company M/s. Oscar Bangla Co., Ltd. will invest US$ 3.46 million to set up a wig and hair related products manufacturing plant in Ishwardi Export Processing Zone. Mentionable that along with this factory the total number of wig and hair related factory stands at

Masatsugu Asakawa elected ADB president

Masatsugu Asakawa has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors. Mr. Asakawa, 61, currently Special Advisor to Japan’s Prime Minister and Minister of Finance, will assume office as ADB's 10th President on 17 January 2020. He

Countrywide water transport strike underway

DHAKA: Water transport workers enforced indefinite countrywide strike on early Saturday to press home their 11-point demand, including implementation of wage scale 2016, issuance of identity cards, service books, and appointment letters. Bangladesh Water Transport Workers’ Federation

PM to launch 5 new ships on Thursday

DHAKA: Prime Minister Sheikh Hasina is set to launch five new ocean-going ships of Bangladesh Shipping Corporation (BSC) on Thursday (November 28). The premier is expected to launch the inauguration ceremony through video conferencing from her official residence-Ganabhaban. As per

Syndicate holds port ship handling hostage

CHATTOGRAM: The importers are held hostage by a cargo handling syndicate in unloading imported goods from big vessels to lighter vessels at the outer anchorage of Chittagong port. This syndicate, however, has been controlling the business for years having no necessary handling

Rainbow brings ‘All-rounder Exterior’ paints

Rainbow Paints, popular paint brand of RFL Group, has introduced All-rounder exterior paints with a view to providing highest quality paints to its customers. RN Paul, Managing Director of RFL Group, inaugurated the new paints through an event held at RFL head office at Badda area of

Gold price rises by Tk 1166 per bhori

DHAKA: Bangladesh Jewellers' Association (BAJUS) on Saturday (November 23) decided to increase the price of gold at Tk 1,166 per bhori.  The new rate will be effective from Sunday (November 24), says a press release signed by BAJUS general secretary Dilip Kumar Agarwal. The

Turkey to invest in tourism sector: Kamal

DHAKA:  Finance Minister AHM Mustafa Kamal said Turkey will invest in Bangladesh’s tourism sector. Finance Minister AHM Mustafa Kamal held a meeting with Turkish Minister of Culture and Tourism Mehmet Nuri Ersoy in Ankara on Thursday (November 21). In response to an invitation

Turkey to invest in tourism sector: Kamal

DHAKA:  Finance Minister AHM Mustafa Kamal said Turkey will invest in Bangladesh’s tourism sector. Finance Minister AHM Mustafa Kamal held a meeting with Turkish Minister of Culture and Tourism Mehmet Nuri Ersoy in Ankara on Thursday (November 21). In response to an invitation

Even transport strike can’t hike rice price: Food minister  

DHAKA: Food Minister Sadhan Chandra Majumder on Wednesday (Nov 20) said price of rice would not go up in Dhaka even if the transport workers continue their strike for seven to ten days. Besides, the minister warned against increasing rice prices, saying the country has an adequate

Large Japanese investments coming: Kamal

DHAKA: Finance Minister AHM Mustafa Kamal said large Japanese investments are coming to Bangladesh. AHM Mustafa Kamal said: “We’re looking forward to them (Japanese investors) for making future investments in Bangladesh as very big investment will come up from Japan.”  The

Onions to be imported via cargo aircrafts: Commerce Ministry

DHAKA: Big shipments of onion will reach the country within a short time by cargo aircrafts and ships, the Ministry of Commerce said. According to a press release of the ministry,  sufficient supply of onion in the market will be ensured soon through importing onion from Turkey by

Onion price to return to normal soon: Tofail

BHOLA: Chairman of Parliamentary Standing Committee on Ministry of Commerce Tofail Ahmed said the onion price will become normal soon, because around 50,000 tons imported onion is on the way to cater to country’s demand. Tofail Ahmed, also Awami League advisory council member, was

Onion price to come down within few months

SANGSAD BHABAN:  Industries Minister Nurul Majid Mahmud Humayun told the Jatiya Sangsad (JS) that the onion markets will return to normal within a few more months. On behalf of Commerce Minister Tipu Munshi, the industries minister was replying to supplementary question made by

Alibaba Singles' Day sees $14bn sales in first hour

Chinese e-commerce giant Alibaba delivered strong early sales as its annual Singles' Day shopping frenzy kicked off. The world's biggest online shopping event raked in 100bn yuan ($14bn; £11bn) in sales in just over an hour of trading. A gala featuring pop star Taylor Swift

India to continue onion export to Maldives amid shortage

DHAKA: Although India is in the midst of yet another onion crisis, the Indian government has informed the Maldives that it would continue to export onions to the island nation at the same quantity as before. Maldives is wholly dependent on India for all its essential commodities. The

Japan 'glasses ban' for women at work sparks backlash

Wearing glasses at work has become an emotive topic in Japan following reports that some firms have told female employees to remove them. Several local news outlets said some companies had "banned" eyewear for female employees for various reasons. Among them, some retail chains

One Bank signs MoU with SSD-Tech to launch Visual IVR

DHAKA: One Bank Ltd. has recently signed a Memorandum of Understanding (MoU) with SSD-Tech to enable the bank to reach out to its traditional account holders and convert them into digital wallet holders of the bank's mobile wallet - OK Wallet.  The signing ceremony took place

City Bank transactions to remain closed for 70 hrs

DHAKA: All transactions of the City Bank (except credit cards) will remain closed for 70 hours for conducting system upgrade activities for customer service development. Yahya Mirza, Head of PR and Media at the City Bank Limited, said all services except credit cards will be suspended