Business

Banking giant ANZ settles rate-rigging case ahead of trial

  

Pns: ANZ Bank settled an alleged rate-rigging case with Australia's corporate regulator on the opening day of a court hearing Monday that also involves fellow heavyweights Westpac and NAB. The three banks are being probed by the Australian Securities and Investments Commission (ASIC) about possible fixing of the country's benchmark interest rate. This involves the manipulation of the bank bill swap reference rate, a benchmark used to set the price of Australian financial products...

Market showing mixed

  

Pns: Trading on the country's two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway with mixed trends of share-price indices on Sunday, the first session of the week. After one hour of trading, the key index of the country's premier bourse, edge 1.60 points up while the Selective Category Index of the port city bourse lost 14.75 points.The DSEX benchmark went up by 1.60 points or 0.02 percent to stand at 6,041.15 at 11:55 am.The DSE...

KFC's Twitter account stuns the internet

  

Pns: Along with the ingredients of Coca-Cola, the recipe for the seasoning for KFC's chicken is one of the most closely-guarded and legendary secrets in America. And now, the company has built an amazing social media stunt around their famous '11 secret herbs and spices'. Though they never alerted anyone to their genius move, the subtle ploy was eventually spotted by eagle-eyed Twitter user @Edgette22 on Friday morning.The official KFC Twitter account has 1.21 million followers,...

GP’s Q3 revenue up 2.4 pc

  

Pns: Grameenphone Ltd, Bangladesh’s largest telecom operator, ended the third quarter of 2017 with 63.9 million active subscribers, registering a 3.7 percent growth the previous period. With 30.0 million data subscribers, 46.9 percent of total subscribers are using Grameenphone internet services, according to a press statement. Grameenphone Ltd reported revenue of Tk 33.2 billion for the third quarter of 2017, up 2.4 percent from second quarter of 2017.“The quarter was...

Govt plans Tk 1,911 crore 'Tantpalli' project

  

Pns: The government plans to take a Tk 1,911 crore 'Tantpalli' project on 120 acres of land in Madaripur and Shariatpur districts "After implementation of the project, 10 lakh people will get employment opportunities," Chairman of Bangladesh Handloom Board Jasim Uddin Ahmed told BSS today.Work of the project titled "Sheikh Hasina Tantpalli Project" is expected to start during the current fiscal year after getting approval of the Executive Committee of the National Economic...

US Judge tosses $417m award against Johnson & Johnson

  

Pns: A judge on Friday tossed out a $417 million jury award to a woman who claimed she developed ovarian cancer by using Johnson & Johnson talc-based baby powder for feminine hygiene. Los Angeles County Superior Court Judge Maren Nelson granted the company’s request for a new trial, saying there were errors and jury misconduct in the previous trial that ended with the award two months ago.Nelson also ruled that there wasn’t convincing evidence that Johnson & Johnson acted with...

Number of women investors in share market on the rise

  

Pns: The country’s capital market is witnessing a surge of female investors, increasing their contributions to the national economy, according to official statistics, reports UNB. Modern technology has made their journeys in the share market easier, helping many keep the track of the market even by sitting at home, through their computers or smartphones. Sources at the Central Depository Bangladesh Limited (CDBL), the total number of Beneficiary Owners (BO) account in the market is...

No change in 4G guideline, says BTRC chairman

  

Pns: BTRC Chairman Shahjahan Mahmood said government will not bring any change in the 4G guideline approved by the Prime Minister Sheikh Hasina.The decision was taken yesterday at a meeting held at the Telecommunications Division with the Prime Minister’s Information and Communication Technology Affairs Adviser Sajeeb Wazed Joy in the chair.Satate Minister for Posts and Telecommunications Division Tarana Halim, BTRC Chairman Shahjahan Mahmood, and other high officials of BTRC...

Biman to induct 2 more aircraft

  

Pns: State run Biman Bangladesh Airlines has decided to add two more aircraft to its fleet for 72 months on lease before October next year, aiming to spread its wings on more routes. The national flag carrier has invited Proposal/Offer for Dry Lease (only aircraft) of two 737-800 aircraft with winglets for a period of 72 months, a senior official of Biman told UNB.He mentioned that the airline wants to induct these two aircraft with delivery schedule on or before 01 October...

More local mobile handset assembling plants on way

  

Pns: More local companies are getting ready to set up assembling plants for mobile phone handset with a view to utilising the potential of domestic market, reports BSS. Following the way of Walton, another two local brands “WE” and “Symphony” are working for mobile handset assembling plants while South Korean giant Samsang has also showed interest to manufacture handset locally.Talking to the news agency, Chief Operating Officer (COO) of Smart Solutions Division of Aamra Holdings...

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