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Newly-launched Meghnaghat Power to boost Unique Hotel income

Gas-fuelled 584 megawatt Unique Meghnaghat Power has begun commercial operation and successfully connected to the national grid.Unique Hotel & Resorts, which has a 37.24pc stake in the power plant, expects a boost to its profit with income from electricity generation, according to company secretary Md Sharif Hasan. However, the $575-million...

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BAT drags Dhaka bourse down to one-month low

A plunge of the second most valued stock, BAT Bangladesh sent the prime index of the Dhaka Stock Exchange to one-month low on Monday.BAT Bangladesh tumbled 7.50 per cent to Tk 479.80 per share on the first trading day after it got rid of the floor, as investors sold their...

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Huawei ‘Seeds for the Future BD’ opens for registration

Huawei 'Seeds For the Future 2024 Bangladesh' is now open for registration with the aim to develop an ICT ecosystem by enhancing ICT knowledge of students in the country, says a press release. Bangladeshi undergraduate students in third year or above can enroll to this competition by sharing their resume.The...

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Ex-Norwegian minister lauds progress of BD’s ship recycling industry

Former climate and environment minister of Norway Erik Solheim visited the Kabir Steel Ship Recycling facilities in Sonaichhari area of Sitakunda in Chattogram on Sunday, says a press release.During his visit, he praised the remarkable progress of Bangladesh's ship recycling industry over the past 14 years. "Upon my return, I...

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LafargeHolcim launches ‘Holcim Block’

LafargeHolcim Bangladesh Limited (LHBL) has launched 'Holcim Block' at a hotel in the capital, says a statement. Md Ashraful Islam, Director General of Housing and Building Research Institute (HBRI), was present as the chief guest while Mohammad Abu Sadek, Executive Director of the Center for Housing and Building Research, delivered...

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South Asia Insurance Company brought out a colorful rally

South Asia Insurance Company Limited brought out a colorful rally in front of the head office of the company at Shantinagar Bazar area in the city recently on the occasion of National Insurance Day-2024.

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Amari Dhaka comes up with Ramadan offerings

Amari Dhaka is going to offer a range of culinary delights prepared by chefs from various countries during this Ramadan. The iftar buffet includes Arabian, Moroccan, and Indian kebabs, available for dine-in or takeaway, says a statement. Buffet iftar and dinner will be available daily, with Buffet Suhur on Thursdays,...

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MTB organises school banking conference

Mutual Trust Bank (MTB), as the lead bank, along with 33 scheduled banks has recently organised 'School Banking Conference 2024' at Madaripur. Shajahan Khan, MP of Madaripur-2, attended the programme as chief guest. Tania Ferdaus, additional deputy commissioner at Deputy Commissioner's Office, Madaripur; Jhuma Rani, joint director, Financial Inclusion Department,...

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Mercantile Bank donates fertiliser in Noakhali

Mercantile Bank distributed fertiliser among marginal farmers in Noakhali's Nateshwar on Sunday from the special CSR fund of the bank. Morshed Alam, chairman of the bank and Member of Parliament in Noakhali-2, handed over the fertilisers to the farmers as chief guest. Mahbub Jamil, VP and head of bank's Chowmuhani...

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Modhumoti Bank holds 76th board meeting

The 76th meeting of the board of directors of Modhumoti Bank was held virtually on Saturday. Humayun Kabir, chairman of the board, Shaikh Salahuddin, MP, vice-chairman, Barrister Sheikh Fazle Noor Taposh, chairman of executive committee, members Mohammad Ismail Hossain, Salahuddin Alamgir, Tanjima Binthe Mostafa, Humayun Kabir Bablu, Sultana Jahan, A...

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BKB HOLDS MEETING WITH STAKEHOLDERS

Bangladesh Krishi Bank (BKB) conducted a meeting with its stakeholders as a part of National Integrity Strategic Plan 2023-24 in Cox's Bazar on Sunday. Md Azimuddin Biswas, Additional Secretary of Financial Institutions Division, Ministry of Finance, was present as the chief guest while General Manager of Planning & Operation Division...

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WALTON AC SERVICE PARTNER CONFERENCE HELD

A daylong 'AC Service Partner Conference-2024' of the electronics giant Walton was held at the headquarters of Walton Hi-Tech Industries PLC at Chandra in Gazipur on Sunday. At the conference, life insurance policy was declared for the AC service experts of Walton, Marcel, ACC and Safe brands. For the first...

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Asian stocks rise on US gains ahead of key China policy meeting

HONG KONG, March 4 (AFP): Asian markets mostly rose Monday following US gains and ahead of a Chinese legislative session where Beijing's annual growth target and other key policies will be announced.Japan's benchmark Nikkei 225 index surpassed the 40,000 mark for the first time, with analysts predicting it could advance...

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Managers explore dollar shift to handle faster US stock settlement

NEW YORK, March 4 (Reuters): Some investment managers are looking to change the currency their funds do business in to the dollar to prevent their foreign exchange transactions from failing when US securities move to a shorter settlement cycle this spring, specialist currency managers said.The US Securities and Exchange Commission...

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Japan govt considers calling end to deflation

TOKYO, Mar 04 (Reuters): Japan is considering calling an end to deflation in the wake of rising prices, Kyodo news reported, a move that would turn a new page for the world's fourth-largest economy after decades of economic stagnation scarred a generation of workers and investors.The weekend report, citing sources...

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