• Confrontation between state organs
  • No respite from baton-happy police
  • The art of restraint
  • Tips for saving electricity!
  • Establish more law universities
  • A question for Muhammad Yunus
  • LPG or pipeline gas: Worse fate of tenants?
  • Bangla Academy observes Nazrul’s death anniversary
  • Shumona Haque’s exhibits solo in USA
  • Oil production in Kailashtila gas-field from next August
  • Bhutan wants air transit through Dhaka, Ctg
  • Midnight decision breaks 15 hearts
  • Roqibul shines in T20 warm-up
  • Syrian refugee crisis worsens in Turkey
  • Sonia slams opposition MPs over deadlock
  • Police attrocities on medical admission seekers slated
  • DU marks ‘Black Day’
  • UP chair, 2 others killed in Kushtia
  • Protesters run riot as DU student killed in road accident
  • Muhith snubs central bank
  • Two people made CGA
  • Police foil rally against new medical admission system in Chittagong
  • BUET Academic Council meeting deferred
HOME  BUSINESS

Oil production in Kailashtila gas-field from next August

A photo shows a BAPEX drilling rig. Petrobangla has decided to start commercial oil production in Kailashtila gas-field from August next year. — New Age photo
Petrobangla, the state-run oil, gas and mineral resources corporation, has decided to start commercial oil production in Kailashtila gas-field from August next year, said Mohammad Enamul Haque, state minister for power and energy, on Tuesday. Full story

Bhutan wants air transit through Dhaka, Ctg

The neighbouring landlocked Bhutan has sought to use Hazrat Shahjalal International Airport and Chittagong Shah Amanat International Airport as transit points along with Chittagong and Mongla sea... Full story

BTRC extends time till Sept 15

The Bangladesh Telecommunication Regulatory Commission on Tuesday decided to extend the deadline till September 15 for five mobile operators to implement a minimum 10-second pulse on each call. Full story

BB profit falls by 20pc in FY12

The operating profit of Bangladesh Bank fell by 20.48 per cent in the just ended financial year over FY 2010-11 mainly because of the devaluation of the taka against other currencies, central bank officials said. Full story

$109m foreign loan for 10 projects okayed

The government’s scrutiny committee on foreign loans and supplier’s credit on Tuesday approved proposals of 10 private sector projects to take loan, amounting to $109.2 million, from the foreign sources. Full story

Stocks fall for 2nd day

Dhaka stocks fell for the second day on Tuesday as investors became confused again amid fresh uncertainties over the World Bank‘s $1.2 billion loan for the Padma bridge project. DGEN, the benchmark general... Full story

Nepal to boost sugar import

The Nepali government is preparing to import another 25,000 tonnes of sugar to forestall a possible shortage. The Ministry of Commerce and Supplies will be writing to Ministry of Finance to allow the import at 1 per cent... Full story

Euro slips in Asian trade

The euro slipped in Asian trade Tuesday amid gloomy sentiment over the eurozone debt crisis and few fresh trading cues, while markets looked ahead to a speech by the US central bank chief this week. Full story

China Southern stocks tumble on profit slump

Shares in China Southern Airlines fell more than five per cent on Tuesday after the company posted a slump in first-half net profit of 85 per cent from a year earlier. The company attributed the net income fall... Full story

Market

Md Abdus Salim Chowdhury, one of the sponsors of the company, has expressed his intention to sell 50,000 shares out of his total holding of 8,41,408 shares of the company at prevailing market price through the stock... Full story

Oil dips in Asia as Isaac approaches US refinery hub

Oil fell in Asia Tuesday as crude demand suffered from refinery shutdowns on the US Gulf coast due to the onset of Tropical Storm Isaac while talk of a release of oil reserves surfaced, analysts said. Full story

No fast growth rebound for India amid downgrade fears

A file photo shows an employee installing a window on a BharatBenz truck inside Daimler’s new factory in Oragadam, in Tamil Nadu. — Reuters photo
India’s economy likely remained in its deepest slump for nine years in the quarter ending in June, but high inflation and polarized politics leave the country’s leaders with limited scope to crank up growth. Weak demand in the United States and Europe has... Full story

Spanish recession set to deepen as austerity bites

A man walks past posters that read, ‘No to cuts,’ after a civil servants’ protest against government austerity measures in front of the Treasury and Public Administration Ministry in Madrid recently. — Reuters photo
The Spanish economy is falling deeper into recession and depositors are pulling their money out of the banks, figures published on Tuesday showed, as the government moves closer to seeking a European rescue package. The recession grew stronger... Full story

G20 to wait for US crop report before food price action

G20 nations taking stock of the third global food price surge in four years will wait for September’s crop report from the US Department of Agriculture before deciding whether to take joint action on the issue, France’s... Full story

Apple seeks quick bans on eight Samsung phones

Apple Inc is seeking speedy bans on the sale of eight Samsung Electronics phones, moving swiftly to translate its resounding court victory over its arch-foe into a tangible business benefit. Full story

Southeast Bank opens 20th ATM in Narsingdi

Southeast Bank managing director Mahbubul Alam inaugurates a new ATM booth of the bank at its Madhabdi branch in Narsingdi on Tuesday. — New Age photo
Southeast Bank on Tuesday opened a new ATM booth at its Madhabdi branch in Narsingdi. It was the 20th ATM of the bank. Bank’s managing director Mahbubul Alam inaugurated the booth, said a news release. In the inaugural ceremony, among others, Bank’s... Full story

BCBL opens 32nd branch at Nawabganj

Bangladesh Commerce Bank chairman AQ Siddiqui inaugurates the 32nd branch of the bank at Nawabganj in Dhaka on Monday. — New Age photo
Bangladesh Commerce Bank on Monday opened its 32nd branch — Bandura Branch — at Nawabganj in Dhaka. BCBL chairman AQ Siddiqui inaugurated the branch as chief guest. Bank’s chief executive officer and managing director SA Chowdhury... Full story

Bank Asia signs MoU with Holy Family Hospital

Bank Asia chairman A Rouf Chowdhury and Bangladesh Red Crescent Society chairman MS Akbar exchange documents after signing an agreement in Dhaka on Monday. — New Age photo
A memorandum of understanding was signed between Bank Asia and Holy Family Red Crescent Medical College Hospital at the corporate office of the bank in Dhaka on Monday. Under the agreement, Bank Asia, as a part of its corporate social responsibility... Full story


    Wednesday, August 29, 2012

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