Business

Bangladesh is ending the 2014-15 financial year on a high in terms of export earnings. According to Export Promotion Bureau statistics released on Monday, the country earned $28.14 billion from exports in the first 11 months of the current fiscal that began July 1 last year. The figure is around 3 percent higher than export earnings of the same previous ...

Food group Nestle has withdrawn Maggi noodles from sale in India due to “an environment of confusion for consumers”, following a food scare sparked by reports of excess lead in some packets of the popular instant snack.   Nestle reiterated the noodles were safe, but after coming under fire in local media for reacting too little and too late, the ...

Bangla Mirror Desk: The new organisation for the caterers in the UK, British Bangladeshi Caterers Association (BBCA) has officially been launched hailing the slogan ‘catering for caterers’.   The officials of this newly formed organisation told this in a press conference held on Tuesday 2nd June in a restaurant in East London. On a written statement, the organisers informed that they ...

Bangla Mirror Desk: UK living four businessmen has taken an initiative to establish a three star hotel in Bangladesh so that they can attract the future generations towards Bangladesh. There is a huge potential of tourism industry in Bangladesh and investing in tourist industry can bring lucrative return for the investors. Managing Director of Dhaka Premier Hotel, Syed Akamoth Ali ...

Finance Minister AMA Muhith has hinted that tax at source for readymade garment (RMG) export might be increased in the next budget. At a pre-budget discussion in Dhaka on Friday, he said the government was also considering revising the ‘cash incentives’ provided to export sectors. Last year, the apparel export source tax was slashed by 0.5 percent to help the ...

The number of subscribers to the only state-run mobile-phone operator, Teletalk, has quadrupled since the introduction of its 3G services two and a half years ago. The company attributes the surge to high-quality and high-speed data services. Teletalk said the number of its subscribers was around 5.4 million at April-end against about 1.4 million on Oct 14, 2012, when the ...

AS one of three enterprising brothers who came to the UK from Bangladesh as children and created a wealth of £205 million pounds seafood processing, restaurant and cash and carry empire, it’s no surprise that Iqbal Ahmed has been featured as 466th with his family on Sunday Times’ 2015 Rich List. Iqabal Ahmed’s Seamark Group, a £125 million Manchester Based ...

NRB bank opens its 13th branch in Dilkusha NRB Bank recently opened its 13th branch in Dilkusha Commiercial Area in Dhaka.  Chairman of the Bank, Iqbal Ahmed OBE formally inaugurated the Dilkusha branch.  Among other who were present in inaugurating ceremony included Bank’s Managing Director and CEO Mukhlesur Rahman, Bank’s directors, senior officers and local guests.

The central bank says the rates of interest on bank loans have declined. A media statement of Bangladesh Bank said on Tuesday: “The average interest rate was 12.23 percent in February. It dropped to 11.93 percent at the end of March.” The watchdog said the interest rate spread came under 5 percent because of its close monitoring. “At the end ...

Dhaka Stock Exchange (DSE) has seen a 3.7 percent rise in its broad index defying the slump over the last few weeks.   The capital market last week showed signs of recovery following assurance from Securities and Exchange Commission to aid broker houses and merchant banks in a bid to stabilise the bourses. The first week of the month saw ...