• SL beat Kiwis in a Super over finish
  • Rivals wary of ‘group of death’
  • Flooding continues in northern districts
  • City beautification plan fails to get off ground
  • SUST English students continue demo
  • 2 AL groups clash over container terminal
  • Yet another Tanvir swindling bank money
  • Arafat charged in tax evasion case
  • Govt finds 1,000 Hajj passports ‘suspicious’
HOME  BUSINESS

Honda inks deal to assemble motorbikes in Bangladesh

Bangladesh Steel and Engineering Corporation chairman Ataur Rahman and Honda motorcycle sales division general manager Toshiyuki Inuma shake hands after signing an agreement in the presence of industries minister Dilip Barua at a ceremony in the capital on Thursday. — New Age photo
The Honda Motor Company, Japan’s biggest motorcycle manufacturer, and the Bangladesh Steel and Engineering Corporation on Thursday signed an agreement to establish a joint venture in Bangladesh to assemble, and later manufacture, motorcycles... Full story

Brokers, m-banks unlikely to waive interest by Sept 30

The merchant banks and brokerage firms might not be able to waive the margin loan interest of small-scale investors before the deadline of September 30, which was announced under a government compensation... Full story

FBCCI urges BB not to charge for inter-bank transactions

The Federation of Bangladesh Chambers of Commerce and Industry on Thursday requested the Bangladesh Bank not impose charge on clients for inter-bank money transaction. The FBCCI in a statement said... Full story

A market with a difference- no room for formalin

A member of the market monitoring committee checks fish for formalin at Malibagh kitchen market in Dhaka last week. — New Age photo
Faruk Hossain, a fish trader, brought a maund of Ruhita and Prawns to Malibagh kitchen market on Thursday morning hoping to have a brisk business like the previous days. But that was not to be. He was stopped at the market gate and soon four... Full story

Draft BTRC orders eye slashed P1 internet rate

Bangladesh Telecommunication Regulatory Commission has drafted a host of orders for mobile operators to give better services to subscribers including reduced rate for ‘pay as you go’ or P1 internet package. Full story

Myanmar eyes US clothing market

Washington is to ease a ban on imports from Myanmar, US secretary of state Hillary Clinton said, lifting its last major trade embargo in a move swiftly welcomed in the former pariah state Thursday. Full story

Dhaka stocks decline for second day

Dhaka Stocks declined for the second day on Thursday as the investors remained sceptical following fresh uncertainty about the $ 1.2 billion World Bank loan for the Padma bridge project. Full story

Banks, tax offices remain open Saturday

All major and important branches at the divisional and the district levels of the government and private commercial banks will remain open on Saturday for the convenience of the taxpayers to submit tax returns and pay their taxes. Full story

Oil rebounds in Asia

Oil prices rebounded in Asian trade Thursday on bargain-hunting but escalating turmoil in debt-wracked Greece and Spain limited gains. New York’s main contract, light sweet crude for delivery in November was up... Full story

Euro remains pressured by Spain, Greece worries

The euro was mixed in Asia on Thursday with investors seeking refuge in the safe-haven yen as anti-austerity protests in Spain and Greece raised fresh concerns over the eurozone debt crisis. Full story

Aviva says to sell Sri Lanka venture stake to rival AIG

British insurer Aviva said on Thursday it had agreed to sell its majority stake in a joint venture with Sri Lanka’s NDB Bank to US rival AIG for £31 million ($50 million, 39 million euros). Full story

Market Disclosures

Legacy Footwear Quazi Aziz Ahmed, one of the sponsors/directors of the company, has expressed his intention to sell 50,000 shares out of his total holding of 6,00,800 shares of the company at prevailing... Full story

Vietnam economic growth slows, new inflation feared

An artisan sits making miniature statues for sale at the mid-Autumn festival’s toy market in downtown Hanoi on Tuesday. — AFP photo
Vietnam’s economic growth eased to 4.73 per cent in the first nine months of the year, the government said Thursday, as it also raised the spectre of a return to high inflation. Gross domestic product slipped from 5.77 per cent expansion in the same... Full story

Paris car show opens amid gloom on key European market

A man delivers a speech while Greenpeace activists deploy a banner over the stand of German carmaker Volkswagen Thursday on the first of the two press days at the Paris Motor Show. Banner reads : ‘Volkswagen is smoking us out !’ — AFP photo
The Paris Motor Show opens with the automobile sector in crisis mode amid deep gloom over the future of the European market, key to the survival of several top manufacturers. The continent’s debt crisis and the ensuing sluggish growth has wreaked... Full story

Vietnam probes ex-minister as banking scandal grows

Police are probing a former minister and ex-chairman of Vietnam’s Asia Commercial Bank, state media said Thursday, as a scandal sparked by the arrest of the bank’s multi-millionaire founder grows. Full story

MTB Unit Fund's initial subscription period ends Sept 30

The initial subscription period of MTB Unit Fund will end on September 30. Investors can buy the units of the fund at the face value of Tk 10 per unit until September 30, said a news release. Full story

Masthead PR wins 37th BID Int'l Star for Quality gold award

Public relation agency Masthead PR has been announced as the gold award winner in the 37th BID International Star for Quality. The ceremony, International Star for Quality Convention, will take place on... Full story

Euro RSCG Worldwide network now Havas Worldwide

As a part of rebranding operation, Havas has renamed the Euro RSCG Worldwide network and its agencies as Havas Worldwide. The Havas group will now consist of two main brands — Havas Media, which... Full story

Banglalink launches idea generation contest for second year

North South University School of Business dean Abdul Hannan Chowdhury and Banglalink marketing senior director Shihab Ahmad are seen, among others, at a press conference in the city on Wednesday. — New Age photo
Banglalink launched Grandmaster, an idea generation contest for university students, at a press conference held in the city on Wednesday, said a news release. This year, the competition has introduced a new platform: the facebook... Full story


    Friday, September 28, 2012

Online Poll


Do you think that the Bangladesh Garment Manufacturers and Exporters’ Association would stop dillydallying in sending names of their representatives for the formation of a new wage commission for apparel workers?

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