Home » Archives by category » Economy (Page 245)

The Emirates Group yesterday announced its half yearly results, which remain robust despite continued global economic pressure and high fuel prices. The Group posted $575 million net profit for the first six months of its current fiscal year that ended on September 30, up 68 percent from $343 million from September 30 last year, said […]

Continue reading …

Prime Minister Sheikh Hasina and her Belarusian counterpart Mikhail Myasnikovich witness the signing of 12 agreements and MoUs between Dhaka and Minsk at her office on Monday. Bangladesh and Belarus inked seven agreements and five memorandums of understanding (MoU) on Monday to strengthen bilateral relationship. The agreement and MoUs were signed for expansion of trade […]

Continue reading …

Shafiul Islam Mohiuddin, president of Bangladesh Garment Manufacturers and Exporters Association, speaks in a press briefing after the meeting with buyers at the BGMEA office in Dhaka Sunday.  Over two dozens of renowned global buyers on Sunday said Bangladesh is their first choice for garment sourcing in the wake of China’s shift from the RMG […]

Continue reading …

No appointment of directors in 2 months due to lobbying by political aspirants Powerful vested interests are lobbying for the posts of board directors of state-owned banks that have been plagued by irregularities due to interference from some outgoing directors with political affiliation. The tenure of the boards of state-owned-commercial banks (SOCB) expired in the […]

Continue reading …

Ride out the gloom

No Comment

Social businesses plan to create 22.14m jobs around the world by 2015 THE HEARTBEAT: Queen Sofia of Spain, right, and Prof Muhammad Yunus, left, beat drums with a group of artists who played an African drumming ensemble to open the Global Social Business Summit at the Austria Centre in Vienna yesterday. Photo: Nasir Ali Mamun […]

Continue reading …

Country’s export earnings this October registered a moderate growth of 6.25 percent totaling US$ 2077.03 million against $ 1954.78 million fetched in October last year due to moderate performance of woven garment, and agricultural and leather products. The strategic target of export earnings for October this year was $ 2022.00 million. According to data released […]

Continue reading …

Mahakhali kitchen market on Thursday became the capital city’s third commercial centre pledging to prevent traders from selling formalin-tainted commodities. The market will now have a machine that can correctly detect formalin in commodities like fish, fruits and other foodstuff. Commerce Minister GM Quader handed the machine _ donated by Standard Bank _ to ASM […]

Continue reading …

The prime minister’s Health Adviser Modasser Ali on Wednesday admitted that he had visited the Hotel Ruposhi Bangla branch of Sonali Bank several times ‘mistakenly’. “On request of my relative in the bank I visited the bank several times. And my relative introduced me with Hall-Mark group MD Tanvir Mahnud Tanvir to blackmail me intentionally,” […]

Continue reading …

Prime Minister Sheikh Hasina on Wednesday stressed enhancing the volume of two-way trade with Laos by harnessing untapped resources of the both countries. “We’ve immense scope to increase our volume of trade by harnessing our untapped resources, and during our official talks, we’ve emphasised on finding ways and means for increasing our mutual flow of […]

Continue reading …

Syed Jamaluddin Discipline in the banking sector is apparently under strain. At the same time criminal activities in banks have increased. In the absence of good governance, many banks have indulged in irregular activities and corruption. Sensational stories are emerging from the banking sector. As a result, customers are losing confidence. As no firm action […]

Continue reading …

Bangladesh has dysfunctional politics and a stunted private sector. Yet it has been surprisingly good at improving the lives of its poor Villagers are doing it for themselves ON THE outskirts of the village of Shibaloy, just past the brick factory, the car slows to let a cow lumber out of its way. It is […]

Continue reading …

Abdur Rahim Harmachi Chief Economics Correspondent Dhaka, Nov 1 (bdnews24.com)—Expatriate Bangladeshis remitted $1.4536 billion back home in October, a record high for a month, according to Bangladesh Bank. The previous high was $1.22 billion in January. The latest amount pushed up the total remittance in the first four months (July-October) of the current fiscal to […]

Continue reading …