High-end car dealers having mixed experience
December 26, 2009
The year 2009 has been a mixed experience for the local sellers of brand new cars, especially who deal with the high-end market segment as some dealers had very good sales while others had little business.
Some importers argued that huge increase on duties on the high-end cars depressed their sales while others said they had a robust business in a changed political environment by bringing verities of products in the market.
“After the new budget came into force sales of brand new cars declined much and that of the high-end ones fell the most,’ said Hamdur Rahman, senior Read more
Samsung eyes 7tr won investment in chips
December 3, 2009
Samsung Electronics plans to invest around 7 trillion won ($6.05 billion) in its semiconductor business next year – 5 trillion won in DRAM and 2 trillion won in NAND flash memory and system LSI, an industry source told The Korea Herald.
The world’s top memory chip maker’s investment plan is a 75 percent jump from this year’s projected 4 trillion won of investment in its semiconductor business. It reflects growing optimism about the global chip Read more
WiMax service likely in city from mid-Oct
August 27, 2009
The broadband wireless internet service WiMax is likely to be launched in the city from the second week of October.
Banglalion Communica-tion Ltd, one of the two companies that obtained WiMax licences, will provide the service under its ‘friendly test use’ programme to 15 areas of the city, GM Faruk Khan, head of promotion and spokesman for Read more
Navana CNG makes debut August 30
August 27, 2009
Navana CNG Limited will make its debut at the Dhaka Stock Exchange on August 30 under the direct listing regulations, a senior DSE official said.
‘DSE at a board meeting on Wednesday set the debut date of the company,’ the official said.
He said the company would offload 1,81,50,000 ordinary shares of Tk 10 each under the direct listing Read more
Banglalink revenue up by 29pc
August 27, 2009
Mobile phone operator banglalink earned revenues of Tk 1,183 crore at the end of first half 2009, which is an increase of 29 per cent compared to the same time last year.
Its subscriber base increased steadily and reached 11.04 million at the end of June, which is a 17 per cent increase compared to the same time last year. The market share of banglalink also went up to 23.7 per cent in the first half Read more
A big no to Tata Nano
July 20, 2009
A conventional car run on ordinary fuel leaves little doubt on the primary intent behind the Nano being just another business opportunity
Some years ago, an architectural competition for the ideal house for India was won by a government engineer. His proposal for a single room cement and bamboo home at a cost of Rs8,000 was judged the best entry from across India. Designed 20 years ago, the house was seen as a thrust to a bold new future for Indian domestic architecture. But thankfully, like all new ideas, the project was quickly Read more
People yet to get proper services
July 1, 2009
BTTB to BTCL
People yet to get proper services
Apart from the name, there has been no change at all in the first year of state-owned Bangladesh Telecommunication Company Limited as a public limited company, according to concerned people.
The government-appointed chief executive of the organisation, however, disagrees with them arguing Read more
Business leaders spell out major challenges
July 1, 2009
NEW FISCAL
Business leaders spell out major challenges
Apparently confused about probable outcomes of budgetary measures aimed at increasing investment, business leaders feel that budget implementation and improving business climate are the two most important challenges in the new fiscal year.
Read more
DSE turnover hits new high
July 1, 2009
Turnover at the Dhaka Stock Exchange Tuesday crossed Tk 900 crore-mark for the first time ever, as investors shrugged off a telephoned bomb threat that forced the bourse’s authorities to stop trading 45 minutes earlier than the scheduled closing time a day before.
DSE turnover touched a new high at Tk 942.20 crore on the day the parliament passed the budget for Read more
Altered budget evokes mixed reactions
July 1, 2009
Financial institutions hail corporate tax cuts
The 2009-10 budget proposals amended finally in the Finance Bill have drawn mixed reactions.
The corporate world, particularly the banks and leasing firms, has hailed the move to slash corporate tax rate by 2.5 percentage points to 42.5 percent, but the insurance sector reacted cautiously.
Businesses, market operators and experts asked government to increase supply of securities in line Read more